Boiler Room: The Official Stock Market Discussion

[Saysumthinfunnymike]

I could see a thursday / friday sell off before the weekend..


Aren't some cats on here that literally cash out everyday or they cash out at the end of the week.

There will be a sell off most likely but how big is the question. Futures showing less than a percent doesn't excite me. Some of these stocks are less than 20% of their all time highs. Some are right at their all time highs. Some are beyond their all time highs. shyt is crazy lol

 

[Saysumthinfunnymike]

I think this is why ERI is safer since they don't rely on Vegas. The regional casinos should fare better I think.

MGM has casinos in Mississippi and Louisiana that just opened back up. WYNN has casinos in different countries and an 'Encore' in Boston. PENN has casinos all over. It's not just ERI anymore.

 

[Hahahaha]

MGM has casinos in Mississippi and Louisiana that just opened back up. WYNN has casinos in different countries and an 'Encore' in Boston. PENN has casinos all over. It's not just ERI anymore.

Tunica is deserted. Beau Rivage is actually dope, but MGM is much more dependant on Vegas than others. I agree on Wynn but their price point is too high for me to want to invest heavy.

 

[dora_da_destroyer]

I don't disagree but there are already lines waiting in anticipation for casino openings in other states and in my state people seem to be pretty excited about them opening June 1st. We will see.. I think there's far too many degenerates for casinos to not be poppin

I don’t know, with so many states having local gambling and revenue from gaming shrinking YOY for Vegas, I definitely think they need the other attractions to be back on full tilt to lure people there.


But like I said, this is more forward looking for those hesitating to get in now or feel like they missed it. I think there is another crash coming for casinos in q3 - Q4 is usually a big convention quarter, all the people who “postponed” q2 events and those slated for q4 will likely get cancelled - if companies are already saying they won’t have people back at work until Sept - Jan 2021, I cant see them moving forward with conventions and events, that’s serious loss for Vegas.

 

[dora_da_destroyer]

I think this is why ERI is safer since they don't rely on Vegas. The regional casinos should fare better I think.

For sure, I def think people are going to be more into local vacations this year, people are ready to get out, but I don’t see a ton of people jumping on planes. Local casinos, places like Napa, Palm Springs, Sedona, Colorado Springs, Hilton head, etc might see an uptick over places like Hawaii, Mexico, the Caribbean

 

[Saysumthinfunnymike]

I don’t know, with so many states having local gambling and revenue from gaming shrinking YOY for Vegas, I definitely think they need the other attractions to be back on full tilt to lure people there.


But like I said, this is more forward looking for those hesitating to get in now or feel like they missed it. I think there is another crash coming for casinos in q3 - Q4 is usually a big convention quarter, all the people who “postponed” q2 events and those slated for q4 will likely get cancelled - if companies are already saying they won’t have people back at work until Sept - Jan 2021, I cant see them moving forward with conventions and events, that’s serious loss for Vegas.

Again I don't disagree but the way I'm going to play MGM is cost average in the short term and see if it spikes up over openings and positive news/data. If I feel like it's not going my way I can eject without taking a loss on it.

I don't envision this being a long term play unless everything runs pitch perfect smooth.. which eh is probably unlikely.

 

[Saysumthinfunnymike]

Tunica is deserted. Beau Rivage is actually dope, but MGM is much more dependant on Vegas than others. I agree on Wynn but their price point is too high for me to want to invest heavy.

I almost bought Wynn at $45 I had it "in my cart" sort of speak and then I decided to buy some other shyt thinking I wouldn't miss much. Fast-forward a month and it's like double what it was

 

[Saysumthinfunnymike]

I'm still watching this 24.5K line.. I have had this discussion on here many times I believe I discussed it with @the cac mamba most recently. The Dow has not proven it can break through that resistance just yet. It's still hovering.. towing that line..

If we see a pullback tomorrow which I would expect at least a little pullback then we are not out of the woods yet..

 

[T.H.E.GOD]

Aurora Canabis... this was another I was gonna risk with like I did with amc.. shyt is off the roof during after hours. Was at like 71 cents. fukk.

 

[Domingo Halliburton]

Sometimes you still stuck with the L. I’ve brought my avg price for UA down from $19 to $16 to $13 to $12...will someone please buy the god damn curry’s

You wanna sell 2200 shares?

 

[chineebai]

Huge day today. Nvda earnings.

 

[who_better_than_me]

Casino deals may still be had down the line. They’re opening in reduced capacity with way more “effort” going into cleaning and creating cafeteria style (ie servers) buffets. On top of that, clubs, bars, shows, strip clubs either won’t be open or will be extremely limited too, the allure of Vegas won’t be there, they will lose money operating at partial capacity (with no attractions to lure tourists and no big conventions scheduled), than just straight being closed. Possible Sept bloodbath coming for them given low summer tourism

I’ll be ready to buy low

 

[CrimsonTider]

I don’t know, with so many states having local gambling and revenue from gaming shrinking YOY for Vegas, I definitely think they need the other attractions to be back on full tilt to lure people there.


But like I said, this is more forward looking for those hesitating to get in now or feel like they missed it. I think there is another crash coming for casinos in q3 - Q4 is usually a big convention quarter, all the people who “postponed” q2 events and those slated for q4 will likely get cancelled - if companies are already saying they won’t have people back at work until Sept - Jan 2021, I cant see them moving forward with conventions and events, that’s serious loss for Vegas.

anything or anybody that depends on business travel is fukked for the foreseeable future

executives have now seen a full quarter of savings from all the wasteful business travel that regularly took place

 

[who_better_than_me]

For sure, I def think people are going to be more into local vacations this year, people are ready to get out, but I don’t see a ton of people jumping on planes. Local casinos, places like Napa, Palm Springs, Sedona, Colorado Springs, Hilton head, etc might see an uptick over places like Hawaii, Mexico, the Caribbean

Nah the flights available are getting more are volume. The beaches opening have ppl flying. Fourth of July and memeorial day going have a passengers in them plane. With being inside being as risky as is ppl goin flock to the Beaches all summer More than usual.

 

[El Bombi]

Lonza Group