Posts Tagged ‘MGM Mirage’

Casino Stocks Continue Momentum

1:25pm (EST) Casino stocks are getting another pop and I wanted to update a trade that profiled back in June.  This trade was from June and was before our “official” launch so many of you new subscribers have not seen this one.  DO NOT take this update as a newRead more

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Watch List – Gambling, Casino Stocks

10:45am (EST) I’ve been talking about creating Watch Lists as a way to help you follow stocks and sectors.  The Gambling/ Casino sector has been hit pretty hard and some of the star players in the industry are in the single-digits. These stocks are getting a lift today and IRead more

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Thursday Wake-Up Call

Casino Stocks Rolling/ Banks in Focus

9:00am (EST) I spent much of yesterday just catching up on news that I missed and getting a feel for the market. The casino stocks look like their hair has caught fire (again) and we played these names back in the beginning of April for about a week. We madeRead more

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Tuesday's Tidbits

9:00 am (EST) I had a busy day on Monday with everything going on but I wanted to update some of the positions we have open and what is happening with them. The Celgene (CELG, $42.31, up $0.16) April 40 calls (LGHDH, $3.00, up $0.25) had a stop of $2.25-$2.50Read more

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Opening View

The market is starting off the session with a triple-digit loss. The Dow is down 109 points to 8905 after a worse-than-expected ADP employment report. The futures were pointing toward a slightly higher start but that early morning sentiment was dashed once the news hit Wall Street. The report whichRead more

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Casino Stocks Rally

Two months ago I mentioned the rally that the casino stocks had enjoyed for a few weeks and we made some great trades during that time frame going long. However, many of our trades were stopped out as the sector fell out of favor with Wall Street and the casinoRead more

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More Bad News For Casino Stocks

There seems to be no good news in site for the casino stocks. On October 23, I had mentioned that the sector has been battered and bruised and it’s unbelievable how low some of these stocks have gotten. We used the weakness to play a two-week rally and made someRead more

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Casino Stocks Continue Higher

The casino stocks powered higher again on Friday and are showing some good momentum right now. Wynn Resorts (WYNN, $60.40, up $13.90) kept the ball rolling by announcing good 3Q results despite lousy Las Vegas revenues. The company reported a profit of $51 million, or $0.49/ share, up from $45Read more

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Casino Stocks Make Big Moves

It was only a matter of time before the casino stocks got a lift. The sector has taken a beating as consumers continue to cut back on everything as the ongoing housing downturn, diminishing credit, rising food costs and recession worries continue. Gambling was taking a back seat to allRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.