Wynn Resorts Limited
52 Week High
52 Week Low
7 Days Mentions
I could see MGM going either way. On one hand you have the “Vegas tourist economy recovery”, on the other hand mf CES was mostly virtual again this year so idk how far along that recovery actually is. If I were you I would closely compare MGM, CZAR, BALY and LVS and determine which is your “best bet”. I feel like MGM is throwing the most at their sports betting foray (BetMgm) but that might just be because they own the most casinos on the Strip and you see Jamie Foxx on the digital billboards everywhere. I think BALY is the one one that leadership has acquired shares of in the last two years, so I wonder if they expect good earnings growth. Ultimately though I feel like the sports betting is driving speculation on these stocks. They’re still largely beholden to the performance of their hotels and casinos, which have a lot of deferred maintenance. I might even look at WYNN. If you haven’t had the same thoughts or can answer these questions, you didn’t do enough research into MGM before buying it, and you’re up on luck not skill. It’s alright in that most people operate this way, but it’s not a recipe for success. It’s important to recognize when your stock is up because you’re lucky versus you did your homework and “knew” it was going up.
Put it plainly...yes...things can turn for the worst, and it turns quickly. If you haven't experienced a turn like that before, you will freeze up. You look at your loses and keep thinking to yourself "I gotta at least make it back to break even". So you end up holding it longer than you should. Now you're exposed to more downside risk on that, or you're simply stuck with a stock that bottomed out and stays at the bottom for a prolong period of time. Now you miss out on the gains if you existed that position and move to something else. If you're trying to buy a company on its way down...there are a lot of risk associated with it. Even in the stock portion it's better to break it up into a few bets for the same theme. It's good to hear you're also backed up by ETFs so your portfolio as a whole is not so concentrated. When looking at diversification, in general it is best to look at it in a WHOLE PORTFOLIO perspective. If you have let's say 45% SPY/VOO - all the same basically US index 35% VEU/ACWX - world ex US index 10% BND - Bonds 10% any stock.......let's say ATVI (since it's one of the worst 2021 performers).... So 10% in one stock is still a lot, but if you lose 50% of that, it's only a 5% hit on your total assets. Alternatively....10% consists of ATVI, PENN, LVS, WYNN.....we going full dumpster diving here. The chance of all of them lose 50% is lower.
I bought otm leaps on $LVS and $WYNN on Monday, and they’re up about 100% at close. I had planned to hold these for like 6 months at least—is anyone else in these names? Did you sell today? I got them as a re-opening play, but now idk.
>LAS VEGAS SANDS SHARES UP 10.8% PREMARKET, WYNN RESORTS SHARES UP 10.3% PREMARKET $LVS $WYNN [bloomberg.com/news/articles/…](https://t.co/KF0OsWMZcY) ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-01-14 ^07:29:57 ^EST-0500
Wow, well first off, huge congratulations! That’s amazing. And good for you for thinking long term. Purchasing homes to bring in rental income is a solid plan, particularly if the rent pays for all expenses (mortgage, tax, insurance, deductibles, repairs, management, HOA, etc). I always think that’s a fantastic idea. Stock market is pretty goofy right now with predictions of a pull back and/ push forward. If your goal is long-term, you may want to purchase some potentially undervalued stocks when they dip. DOCU hit $130 the other day, WYNN down below $80, JWN down at $23 NIO at $30. Maybe diversify and purchase some shares in various sectors across the board. Always good to decide target exit point on those. Mutual funds with good track records will bring a good, modest, return (not fun but stable). And then if you want to have some fun, possible a couple SPY options buys every now and then. And then hopefully your own house :) Good luck to you! Personally if I could purchase the properties knowing the rent would cover my hard costs, that would be my first move.
2020-2021 I was short ZM and BABA and PTON as long term investments I hedge TQQQ. 25% allocation into TQQQ 75% cash (margin to maintain short positions) Why does this work? TQQQ is 3x leverage bull the nasdaq. If high flying hot garbage tech stocks keep going up I expect TQQQ to continue the warpath up. Say I was bear FB because Zucc threw up both fingers and said he can do it all over again and sold all his shares and went all in on his new startup and named his company METASTONK. Well there is an ETF that holds GOOG FB and a basket of telecoms that only go up - so initiate a long trade on that ETF and short FB and withdraw 2.4 million dollars to Angel invest into Metastonk. In 10 years FB will have gone to zero without Zucc and we will all be on Metastonk. 100% return on investment short. 10000% gains long Metastonk. And that ETF will be up 10%. Do you get it? Here is the problem with bear investing: publicly trading companies aren't filing for chapter 13 bankruptcy - the FED buys junk bonds and the companies do public offerings of shares. Sadly this prevents a company like WYNN or LVS from. Going to zero. I was short both LVS until it took out the March 2020 low - at that point I feel it might catch a bid in the short term. Long term LVS should go to zero. I have to see a major company allowed to go bankrupt before I can be confident enough to invest in zero.
MLCO +6.6%, LVS +4.2%, WYNN +3.5% because of Macau news. Meanwhile, the actual companies in Macau Sands China SCHYY +0.6%, Wynn Macau WYNMY +2%, Melco 200 HK +1.7%, when the Macau stocks should have a much bigger move. Only reason I can think of is news broke after trading hours in Hong Kong so investors there didn't get a chance to respond. Probably should see a pop next time they're open. Actually a great opportunity of US investors, international stocks usually follows US.
Thanks. Some of those sound good to me. QYLD, ACRE, O, F, and MSFT. F and MSFT's dividend yields are not very high (2.02% for F, and 0.77% for MSFT), but I guess those would be more for growth than dividend. I'm basically looking to maybe change my strategy because for 2021 I bought shares of companies and sold covered calls. I made $2-$6K a month selling covered call, but Nov and Dec's drop in share price of my holdings wiped out all my gains for the year (am in PYPL, ROKU, and PENN mostly right now. Although my V, and DIS are down slightly too). I recently realized some losses in WYNN, some of my PYPL shares, and MSOS to lower my 2021 tax bill. I may also sell some of my ROKU and PENN shares this week to further lower my tax bill. Not sure if I want to lock in anymore losses, or ride it out and hope for their recovery. I do think they have bottomed pretty much, and should go back up, but just not sure how long it will take.
And therein lies the problem. There are multiple to choose from, not even counting the big guys like WYNN, MGM, etc. Too many fish in the tank sucking up all the oxygen. Another overcrowded pond are POT stocks. Look at POTX chart and that says it all.
I’m trying out this new pair trading strategy picking highly correlated stocks and taking the better performer long and the worse performer short and it is really playing out beautifully. One of my first attempts at this is MGM/WYNN and over the last week is already making some great progress: https://imgur.com/a/P3Nl6cH Basically the WYNN short more than covers potential general market or sector downside and MGM long more than covers upside. Ends up being a really beautiful trade that makes money no matter what happens. This is that pair over the last 6 months vs MGM and WYNN individually: https://imgur.com/a/teJ1IHl As you can see, holding either or individually would have netted you a loss but the pair trade is up nearly 50%. Really fantastic
I'm thinking the standalone betting companies like $DKNG don't make it. Because there's no real moat to online betting, you won't get sticky customers. It needs to be part of an integrated entertainment conglomerate where the online shares rewards and incentives with a physical resort. I've placed a few hundred shares bet on $WYNN. They scrapped their planned SPAC for Wynn Interactive and are keeping it in house. Shares have beaten down because of Macau being their big money maker and COVID keeping China entertainment stocks down.
he's short DKNG, WYNN and DASH for sure, but anything else he tweets about i don't know, he seems to be looking for attention, trying to prove he's the smartest guy in the room by tweeting because his fund performance is way down, so we know he's not that smart
Problem right now is the competition, it's eating the stock prices up. $PENN, $WYNN, $CZR, $DKNG, $MGM...I cant keep up with the commercials anymore or the ads in stadiums, it's like the hard seltzer craze. I think $DKNG is still valuable long term, but if I bought at $53 like OP, I would average down in the lower $30's range which it's getting close to now