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gaming stock new lows thursday 11-20

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Views: 165
Posts: 9
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #1
some selected names intraday lows.......
 
casino and gaming equipment companies
 
LVS @ 4.18
 
MGM @ 8.26
 
IGT @ 7.65
 
WYNN @ 29.88 (holding above the 28.06 on 10- 28)
 
internet
 
GIGM @ 3.00
 
CRYP @ 2.54
 
they are ripping this shit UP
 
 
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #2
OOPS!!! LVS now 4.05
 
I'm so scared I bought another 1k @ 4.08
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #3
this selloff in GIGM is NUTS!!! just hit $2.80.
 
freeking company is PROFITABLE, in fact their earnings were UP 24% AND they  have NO debt. with only 54 million shares out, some online gaming operator could snap them up.
 
Covers Linesmen
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Joined: Oct, 2005
Posts: 66698
Posted: #4
the baby, the bathwater, and the bathtub are all being thrown out
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #5
GIGM earnings news Nov 18th.....
 
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #6
snapped another 1k LVS @ 3.77. total 6k now.
 
REALLY tempted to take down 5k of GIGM @ 2.72 right now BUT too 
 
Covers Linesmen
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Joined: Oct, 2005
Posts: 66698
Posted: #7
rink - fundamentals and valuations dont mean anything now...ive never seen panic like this
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #8
ive never seen panic like this
 
closest I can remember were the Hunt "silver scare" in 1980 and the "computer cascade" sell off in 1987 BUT those were both short term transient moves. THIS looks MUCH worse and far reaching.
 
Gaming new intraday lows update. last hour was a squasher
 
casino and gaming equipment companies
 
LVS 3.71 closed @ 3.90
 
MGM 8.00 closed @ 8.79
 
IGT 7.51 closed @ 7.58
 
WYNN 29.48 closed @ 31.41  (BUT still held above the 28.06 on 10- 28)
 
internet
 
GIGM 2.65 closed @ 2.90 
 
CRYP 2.51 closed @ 2.54
 
 
 
 
Legend
Participation Meter
Joined: Dec, 2001
Posts: 85256
Posted: #9
Boy HO, am I a "genuis" add to LVS yesterday just in time to see it lose another damn near a point on friday (now below $3) while GIGM bounces back to 3.50
 
   
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