Las Vegas Sands (LVS, $8.57, down $3.13), was $54 MGM Mirage (MGM, $10.22, down $2.22), was $42 Wynn Resorts (WYNN, $40.34, down $6.04), was $92 Boyd Gaming (BYD, $4.13, down $0.72), was at $16 (buyout candidate?) Pinnacle Entertainment (PNK, $4.04, down $0.48) was at $12 Trump Entertainment (TRMP, $0.64, unchanged) was at $3 Most of these stocks are 50%-80% off their highs. Unbelievable. I haven’t checked the gaming revenues in a few months and I’ll try to get to it over the weekend. The market always overshoots to the high side when things are robust and tends to go to extremes when things are crappy. The gambling/ casino business is still a growing industry and new legislation is allowing more and more states to participate. Plus the market abroad has even bigger potential. Given the reduced stock prices and lowered expectations, this is one sector that may be worth looking into buying some LEAP call options. Rick Rouse]]>