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WYNN - Wynn Resorts, Ltd. - Page 12

post #221 of 285

Looking at monthly chart we are quickly approaching previous high. Daily shows range trading at the moment. Can we see a break of range to the upside before a downward correction? Or will we break below the range to the downside? Either way trend is still up so we can expect further upward movement until proven wrong. The supply zone from previous high proves to be a very sweet spot to short from if PA develops though. 

 

2011-05-05-TOS_CHARTS.png

 

DAY.png

 

post #222 of 285

My June 145 Call is working out pretty nicely on this one. Currently 6.75 from 4.40 with trail stop in place cool.gif

post #223 of 285

should continue to move up with an up market...good buy

post #224 of 285

Playing this bounce off the rectangle for the second time with success now. WYNN has been very cooperative. I expect nothing less from my favorite resort in LV laughing.gif

 

DAY.png

 

 

post #225 of 285

looks good.

i think we will see a market rally in the next week...lvs and casinos should outperform...

there hasnt been the massive pullback everyone expect...

 

the money will start comming back in soon

 

post #226 of 285

nice channel JLC.....like playing a fiddle.....free money machine

post #227 of 285
Quote:
Originally Posted by OldFart View Post

nice channel JLC.....like playing a fiddle.....free money machine



Entry @ 3.35 just got trail stopped out @ 5.00

 

Profit!

 

 

post #228 of 285


Nice!!....just like a pro.....

 

can't beat that T/S...faster than my mouse will ever move...lol
 

Quote:
Originally Posted by JLC View Post





Entry @ 3.35 just got trail stopped out @ 5.00

 

Profit!

 

 



 

post #229 of 285

dear friends of wynn:

 

Sector peer WYNN also scored a "buy" rating from Brean Murray Carret this morning, and the stock tagged a new three-year high of $159.17 as a result. WYNN is up 2.7% at last look, continuing its longer-term uptrend. Over the past year, the shares have nearly doubled in value. Nevertheless, there's plenty of sideline cash to support future gains, as a respectable 4.2% of WYNN's float remains dedicated to short interest.

post #230 of 285

Fitch Ratings upgraded luxury casino resort operator Wynn Resorts Ltd. (WYNN) and its subsidiaries a notch closer to investment-grade territory, calling its operating trends "robust," especially in the Chinese gambling enclave of Macau.

The company's earnings have been strengthening recently, largely thanks to growth in Macau as well as improvement in Las Vegas. In its latest quarterly results, Wynn's profit soared on strength in both those markets.

On Friday, Fitch said the Wynn's strong liquidity, brand value and asset quality, as well as the agency's increasing comfort with the company's development plans for a part of Macau called Cotai, support the new rating. It said Wynn's management has a track record of prudent balance-sheet policies.

But Fitch noted high leverage at Wynn's Las Vegas subsidiary and said the rating is under pressure from the company's concentration in two markets and its tendency for multiple dividends, among other factors.

The agency currently rates Wynn at BB, two notches below investment-grade status. The outlook on the rating is positive.

Wynn shares were up 2.1% at $160.78 in recent trading. The stock has risen 55% so far this year, better than the wider market

post #231 of 285

Good to know your money is going somewhere:

 

Steve Wynn drops $12.8m on vases for Macau resort

10 July 2011
Set of four 18th-century Chinese vases bought by Steve Wynn at Christie's on July 7.

click to enlarge

Set of four 18th-century Chinese vases bought by Steve Wynn at Christie's on July 7.

Hotel and casino mogul Steve Wynn purchased four 18th-century Chinese porcelain vases at a London auction Thursday night to decorate his new resort in Macau for 8 million pounds ($12.8 million).

The four-foot tall decorative vases from the Jiaqing period (1796-1821), with Buddhist and Taoist emblems and embellished with 19th century gilded metal mounts, were offered from a private collection at Christie’s International’s “Exceptional’’ sale.

After the sale, Wynn Resorts Macau Ltd. announced that the lot was purchased for the new Cotai Resort Hotel scheduled to open in 2015.

“We are delighted to return works of this extraordinary quality to the city of Macau and the People’s Republic of China,” said Roger Thomas, executive vice president of Design for Wynn Design and Development.

post #232 of 285
-10% and losing support

WYNN getting spanked today

291
post #233 of 285

WYNN hit AH, $122 -10%

post #234 of 285

jjahhhhh....now we know china is slowing down...

 

im upset...

apple and now wynn

post #235 of 285

they were down because of vegas numbers.. not Macau

post #236 of 285

WYNN seeing some green today after touching Jan levels.

 

wynn.png

 

A break of $100 and there's a good chance of touching the 200 DMA on the weekly chart IMO.

 

WYNN 1.png

post #237 of 285

time to get into some Jan. 112 calls and take advantage of this bounce

post #238 of 285


sorry, meant Jan. 110 calls. i prefer the extra liquidity and will pay a premium for that and being closer to the money.
 

Quote:
Originally Posted by youngko View Post

time to get into some Jan. 112 calls and take advantage of this bounce



 

post #239 of 285

down 4.5% premarket...gave up all yesterdays gains

post #240 of 285
Love the selloff

The panic is comming and people are selling for all the wrong reasons!

Hope we get below 100...

the #1 holder is selling ...good i say spread the panic
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