WYNN - Wynn Resorts, Ltd. - Page 9

If I can free up some funds tomorrow,I will be in on this too. Between the above news and the stock being very close to overbought,it should be an easy short.

Agreed, will be interesting.

Is it something I said

With BYD reporting in the morning and if its weak it should add to to WYNN's negative sentiment even though BYD does not have any strip property. Now something to remember as well, that Steve Wynn is considerably smarter than the MGM management team and if anyone could reverse the direction it would be Steve but I would think it would be down for at least a day or two. The second part of the play would to be to buy some calls when it bottoms as WYNN's Q3 could be a beat or if LVS has their Q3 before Wynn you can count on that for a beat in which WYNN would run on...IMO...Have fun boys

Wasn't expecting it to open up. Weird.

This is a prime short candidate when general market turn around, but as with most stocks, it will rise with the broader market despite bad news.

Maybe the big boys know something we don't as Steve may have sweetened the details of the offering and on the other front BYD is running on earnings in a strong market. . .

Glad I decided to sleep in and not buy puts on this one. I fully expected itnto drop on the dilution uncertainty.

WYNN and MGM are both starting to sell off some as they are in the red as the rest of the sector is green. . . .

Hey tip why is wynn doing this?are they short of money? or expecting bad earnings??

"Wynn Resorts, Limited (NASDAQ:WYNN) The owner of Wynn and Encore casinos in Las Vegas and Macau filed with regulators to sell additional shares, taking advantage of a two-year high in the stock price."

Money for expansion would be my guess. . .

Nope. Money. Period.

You really think companies give a crap about common stock holders?

Never said they did

yea but they wouldnt do it for no reason..to lower there stock price to make more money? theres gotto be something about it

For some reason im in love with this stock lol
7/19 - 8/9 looking alot like the situation we have now technically
1. Long wicks---> High volatility... Also notice a 10% spike in the VIX
2. Same pattern with the green wick completely covering the day before (dont know the terms Bullish Harami?) anyways....
3. LVS taking WYNN's market share? I know if i was invested in the gaming sector i would definetly favor LVS

Just something to ponder when this market tops temporarily...
Pretty good risk/reward here with this darn close to 52's
nice 10% pull back in less than a week is not out of the question here...
Dec 10 puts, or Jan 11's?

Anyone buying calls or puts now?

Yeah looking into some Dec Puts.
Thinking this needs to fill the gap

Anyone loading up on calls or puts today? LVS and MPEL beat why would WYNN be any different..

agreed

I loaded up on them and so far so good