going to "history back", in the early 1980's Bunker "Bungle" Hunt was trying to use his silver holdings to get loans to prop up his positions. when that FAILED, his whole play came appart and almost too the stock market with it. the march "silver scare" was one of the worst days on wall street ever. it was exceeded only by Oct of 1929, 1987 and recent events
reading between the lines, it looks like Sheldon Adelson MAY be getting into the same position.
To remove first post, remove entire topic.
speculators loading the boat with put options......
going to "history back", in the early 1980's Bunker "Bungle" Hunt was trying to use his silver holdings to get loans to prop up his positions. when that FAILED, his whole play came appart and almost too the stock market with it. the march "silver scare" was one of the worst days on wall street ever. it was exceeded only by Oct of 1929, 1987 and recent events
reading between the lines, it looks like Sheldon Adelson MAY be getting into the same position.
Man just think of the Las Vegas real estate market if these big guys start laying off and shutting down properties.
I love speculation and geez you have to think about the odds on stocks like LVS and MGM and WYNN down here and consider the value of losing it all or making a BIG return.
Man just think of the Las Vegas real estate market if these big guys start laying off and shutting down properties.
I love speculation and geez you have to think about the odds on stocks like LVS and MGM and WYNN down here and consider the value of losing it all or making a BIG return.
you have to think about the odds on stocks like LVS and MGM and WYNN down here and consider the value of losing it all or making a BIG return.
they are definately "shit house or castle" plays right now. hell, like i said in another thread, LVS down 25% just today and over 50% the last 3 1/2 sessions on HUGE volume. I would normally think THAT'S a washout and time to buy BUT everytime I stick my nose in, it gets punched. knocking the crap out of WYNN too. it's down below 30 AND I wouldn't be suprised to see IT in single digits soon.
this reminds me of when the Atlantic City plays came apart in the mid 1970's. Resorts had run from near nothing to almost $200 and then went back DOWN almost as fast. fund managers were off gaming stocks for a LONG time after that fucking.
you have to think about the odds on stocks like LVS and MGM and WYNN down here and consider the value of losing it all or making a BIG return.
they are definately "shit house or castle" plays right now. hell, like i said in another thread, LVS down 25% just today and over 50% the last 3 1/2 sessions on HUGE volume. I would normally think THAT'S a washout and time to buy BUT everytime I stick my nose in, it gets punched. knocking the crap out of WYNN too. it's down below 30 AND I wouldn't be suprised to see IT in single digits soon.
this reminds me of when the Atlantic City plays came apart in the mid 1970's. Resorts had run from near nothing to almost $200 and then went back DOWN almost as fast. fund managers were off gaming stocks for a LONG time after that fucking.
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