Opinions PLEASE!!!!!!!!

My stupid opinion says C (Citigroup).  It's like 1.04......only 1 point from zero.

 

on our local weekly PBS yap show yesterday (which comes on just after McLaughlin's weekly screech) there was a big discussion about the local casinos. consensus was that BYD was in the best financial shape of the beat down companies. MGM will probably have to sell some properties or some how raise cash to survive and has WAY too much exposure to the Las Vegas market. LVS obviously also hurting (made a low of 1.58 early friday ) BUT may be in better shape than MGM because of they are more diversified away from Vegas with their far east operations and will open in Bethlehem, Pa in May which hopefully will help cash flow.

 

the interesting speculation was that a relatively solid operator like Steve WYNN, who sold his Mirage ops to MGM AT the TOP, may buy back the Bellagio although I think that would dilute his Wynn and new Encore operations.

 

I would also keep an eye on IGT as they hit 7.15 friday which was just pennies above their November low of 7.03. IF and WHEN gaming recovers both domestic AND world wide, they will probably the the FIRST stock to see the effect. their finger is in EVERY casino pie.

 

like your DRYS idea too. THAT stock can turn at ANY time on ANY good news and, with 14% short, bite the bears right in the butt. I trade my small position and am hoping it breaks below $3 again.

RinkRat,

 

Thanks buddy

Clay and WSC,

 

Thanks  I added your suggestions and bought C,HOV,LVS and MGM.  Also bought MTW, BYD, PNX, HIG, DRYS, YRCW, URE, UYG, FAS,INZ about a thousand bucks in each.  Of course now I'm being greedy and mad I didn't buy more instead of being happy I made 40-50% in a few days.  My plan is to sell half IF any stock doubles and then take certs and ride my free shares indefinetly.

 

can't comment on the first two but LVS has still been acting shaky. dipped back to 1.40 early today before coming on in the afternoon to make a intraday high of 1.88 before closing @ 1.77. gotta get through 2 for me to be convinced BUT if it DOES, it could be off to the races for a nice percentage gain. somewhat hoping today could be a reversal BUT I won't hold my breath.

 

MGM looking much better back above 3 BUT has somewhat stalled in that low 3 area and could still retest below 2 esp on another general market selloff. really needs to get thru that mid 3 area.

 

BYD has really been the star the last few sessions. of the non WYNN "penny play" stocks, local Las Vegas gaming "anal"ysts are touting them as having the best cash position.