i agree on the break down...wynn to 80 and lvs to 36

 

china stocks seem to be getting hammered..

 

ewh isnt following the scale..

 

oil should follow down too..incl silver

getting killed with china news lately..  Once the dust settles will be a good buying opportunity. 

Agreed

Ewh has been going up..oil up

Some big discourse for sure

40$ is a good first buy

wow broke down much faster then expected

 

lets see china numbers now...32 might be the next level

 

ill buy like crazy then

alote of stocks are getting very attractive...

amazing. 40 had no chance.  32 will never happen unless they miss earnings.

I think it will be a great buy at 36 when it gets there. 

why wont it get there..its a high beta with a china cool down...on a stock that was severly inflated

 

my true price of lvs is at 32

 

i didnt expect 65 until a year ahead...

 

my markets dont work on true values

i keep reading this guy

lotss of neg news filling the market about casinos

 

lvs has been down alote!! almost 50%

 

i guess the smart money took it down early

Read more:http://www.minyanville.com/trading-and-investing/commodities-and-options/articles/LVS-las-vegas-sands-las-vegas/7/13/2012/id/42416#ixzz20cC9NQU6

AERL (macau junket operator)...WOW..getting killed....

 

 

earnings is going to be scary  i believe

 

http://www.google.com/finance?q=NASDAQ%3AAERL

Wynns earnings coming up today. 

Hoping we drop some more so i can get in dirt cheap.

Lot of bad sentiment recently and way off its highs.  analysts still backing LVS which could change after this round of reports. 

im licking my chops over here to get in.

The earnings might give a fake pop

If we dont continue lower id be suprised

 

Down to $36 it goes...

If wynn misses we break

If wynn beats we break in with in a month

30$ lvs

75$ wynn

it wont break 36 and this is the lows for WYNN.  Id expect a beat of earnings tuesday.  could bounce big considering how oversold and beaten up these are.

not much of a short float though, 3-4%

not too convinced on this move yet.  Weak Volume.  Usually big volume days signal bottoms..but not always.  ill wait for confirmation before getting into calls

Earnings comming up

Hopefully we guve up gains...we will

Ill get into calls friday

Apple pre run might lift markets add wynn beat too

Can see a 5% gain ...which will be lost term

Short term calls

Long term heavy puts

as expected short lived..and top of the day...

 

watch a sell off at the close..with a shart bump up at 3:30

 

 

With China's stock market near a three-year low and its economic growth projected to worsen on a weak property market, it might not seem like a good time to build a new casino in Macau.

But Las Vegas Sands (LVS) is going ahead with a new Macau casino on a plot called Parcel 3.

The casino is slated to be Sands' biggest project in China since it opened its $4 billion Sands Cotai casino in the spring.

Sands on Monday reported the local government in Macau extended the deadline for completion of Parcel 3 by three years, to April 2016, for an unspecified penalty. The company has reportedly already spent nearly $97 million on construction and land costs at the site. Macau is China's special gaming region and the only place in the country where casino gambling is legal.

Las Vegas casinos can't count on growth at home, as U.S. economic growth remains feeble, unemployment holds above 8%, and expected growth from online gaming hasn't yet kicked in.

The Commerce Department provided fresh evidence of slowdown Monday, saying retail sales fell 0.5% in June, a third straight month of declines. Analysts were expecting a slight gain.

The drop was across a wide spectrum of industries, Commerce said, from consumer electronics to autos to building supplies.

Sands, MGM Resorts (MGM) and Wynn Resorts (WYNN), the big three Vegas casinos, have all bet heavily on Macau, building large casinos in the world's fastest-growing gambling destination.

But payouts from Macau haven't made up for global economic weakness and, with China's economy in retreat, casino stocks are at 2012 lows. The Leisure-Gaming/Equipment group is ranked a lackluster 141 of the 197 industry groups IBD tracks.

Sands slid about 0.4% to 39.40 in afternoon trading Monday.

MGM climbed 0.7% and Wynn rose 0.5%.

Some gaming equipment makers are doing well. Shuffle Master (SHFL), which makes card shufflers and table games for casinos, dropped 2 cents to 15.24. But shares have trended higher in recent weeks. The company has an 89 Composite Rating, meaning its shares have outperformed 89% of all stocks.

Multimedia Games (MGAM), a maker of online gaming systems, terminals and other gaming products, mainly for American Indian casinos, slid 1.1% Monday afternoon. Multimedia sports a Composite Rating of 92. Last week the stock hit its best level since late 2004.

yea wasnt any convincing volume with the break back above 40..  figured it might head back down.

But there wont be a break of 36.  Should report better china numbers than wynn and they are still making money hand over fist in singapore..

Plus if China does any easing or whatever it will boost this up..

 

hope it drops to 37-38.  ill have a truck waiting. 

Yea got called on the wrong side

Im lookin to enter more calls than puts
Before friday

45 strikes

35 puts