Posted:
#1
I invested at $77.56 on July 9th and now it's at $99.81 with no signs of slowing down. As soon as it goes down I'm selling. Good luck.
Take a look at WYNN's performance the past 2 weeks.
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Views: 472
Posts: 15
Posted:
#3
No prob. As part of my finance class we have to beat our teachers summer profit by investing in 3 stocks and buying and selling over a 4 wk period. I invested in WYNN, BUD, and American Express. Whoever makes more than the teacher gets an automatic A on the project and the first thing I thought of was a vegas hotel/casino, cant go wrong with that. My WYNN investment alone has already made 8 times more than his whole profit in 2 weeks. As soon as it goes down, I'm gonna sell it, do my report, and get an easy A.
Posted:
#8
the first thing I thought of was a vegas hotel/casino, cant go wrong with that.
you did say "vegas" but in AC you could say "UNLESS Donald Trump is involved". the guy is "rich" BUT he's the biggest bullshit artist and worst operator in history of the industry. as Lewis Black said on his show, "It's a CASINO!!! all you have to do is turn on the lights, open the doors and GET out of the WAY!!!
too bad you couldn't BUY Trump for what he ACTS like he's worth and SELL him for what he's ACTUALLY worth. you would make a fortune because he's LEVERAGED out his ASS!!!
Posted:
#12
depeche: MGM does look cheap now less than 30 and I'm tempted. I almost bought it back in Feb around 65 after spending another Super Bowl weekend there and having way too much fun. But I think I'll wait it out and try and buy it closer to 20. Just in the last 2 wks I've gotten separate offers from two of their properties(Beau Rivage and Gold Strike) to fly me and a guest from Dallas to Gulfport/Biloxi or Tunica and spend up to 4 nts at the casino in late August.
Getting the cheapest flights and room rates, that is at least a $1000 comp that I have never been offered previously so they must really be struggling to fill their rooms and get some action at the tables because I'm not that big of a player. This past Super Bowl I spent less than an hour playing table games and the majority of my time in the sportsbook which as you probably know usually doesn't get you much of anything in terms of comps.
I'm a big fan of the MGM and Beau Rivage is the best place to stay in the Gulfport/Biloxi area but I'd wait out the stock for now at least until you see signs it is headed back up.
Posted:
#13
i actually just jumped in on MGM at $29. like all the gaming stocks right now. seems pretty cheap, and will definitely rebound when the economy rebounds. society is whining about high gas prices, but won't hesitate to give their money away to casinos once they have some disposable income. the house always wins. and if it continues to go down, i'll definitely try and pick up some more shares if i have some extra cash. and they do have a casino in Macau, by the way. and hopefully, the economy will be thriving again once the City Center opens in late 2009.
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