geez almost 6.5% now. got in at $92 was feeling OK about it. I can't find news?
link on the licenses?#1 Covid outbreak in the province where Macau is located / locked down.
#2 Macau gaming / casino licenses.
its not licenses so much as possible increased government supervision.link on the licenses?
Good Lord, I've lost 1.7k on TCOM, MLCO and WYNN today (if I sell right now). Holy crap, Las Vegas Sands is taking a hit also.Pour one out for our WYNN boys.
Buy high sell low.Cramer is considering cutting WYNN entirely. He said he wasn't anticipating the Chinese government stepping in and destroying their gaming companies. I'm holding TCOM, WYNN and MLCO and they are getting slaughtered today.
Cramer was just saying that its not a learning experience to get your head beat in over WYNN.Buy high sell low.
Is trading this easy?I added to my Wynn at $90. Blood in the streets.
Fundamentals say its a good price. The unknown is China. Macao is a critical piece of the Wynn business model. I am willing to bet this China shit is going to smooth out in a few months and am willing to ride it out.Is trading this easy?
considering the precovid price 140, $128 a few months ago + increased gambling + more money in marketplace over next few years = $90 is a sale......
(says a guy in @92)