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re: Casino stocks

Posted on 5/19/20 at 5:21 pm to
Posted by GeauxtigersMs36
The coast
Member since Jan 2018
7860 posts
Posted on 5/19/20 at 5:21 pm to
If you have the time is it worth the wait?
Posted by Sho Nuff
Oahu
Member since Feb 2009
11917 posts
Posted on 5/19/20 at 5:49 pm to
quote:

I got in to MGM at $12.65/share first week of May. Wish I would have bought more. It's up almost 20% as I'm typing this.

Bought twice in March The 16th I paid $10.28 and on the 18th I paid $6.39 , but I caught that falling knife. Less than $9/share avg.

Just looking at cost basis and I bought PK on the 16th and 18th as well, and boy, too bad I didn't wait until the 18th on both of those transactions.
Posted by dualed
Member since Sep 2010
4695 posts
Posted on 5/19/20 at 9:35 pm to
MGM is definitely the play now with the Vegas reopening looming. Resorts there are already accepting June reservations. The boom we've seen with ERI and PENN is coming for MGM. That's my opinion anyways.
Posted by Huge Richard
Member since Dec 2018
3743 posts
Posted on 5/20/20 at 7:44 am to
Could be. I actually thought about buying some after market last night
Posted by Civildawg
Member since May 2012
8564 posts
Posted on 5/20/20 at 8:47 am to
PENN is on a killer run. Glad I got in win I did
Posted by Dock Holiday
Member since Sep 2015
1637 posts
Posted on 5/20/20 at 9:36 am to
quote:

PENN is on a killer run. Glad I got in win I did


Same here. As I type this I'm up 70% and holding a little longer. Gave thought to selling last night, but decided to hold.... glad I did, but still trying to figure out when to get out, likely soon.
Posted by PJinAtl
Atlanta
Member since Nov 2007
12751 posts
Posted on 5/20/20 at 9:50 am to
quote:

Bought twice in March The 16th I paid $10.28 and on the 18th I paid $6.39
I am jealous. I had a limit order at $5, thinking that it would drop that low and missed that mid-6 low point. I did jump in on a small position at 13. Currently up 24%. Would love to see a nice little run.
Posted by CHiPs25
ATL
Member since Apr 2014
2901 posts
Posted on 5/20/20 at 10:03 am to
quote:

PENN is on a killer run. Glad I got in win I did


No shitting you, once they announced the Barstool agreement I bought in because I know that when sports betting becomes legal, PENN and Barstool are going to smash it. It went up into the 30s and I didn't like it so as soon as it went into the 20s, i bought it at $29.36. This was 1 week before Corona came out. FML.
Posted by TheChosenOne
Member since Dec 2005
18519 posts
Posted on 5/20/20 at 10:25 am to
quote:

MGM is definitely the play now with the Vegas reopening looming. Resorts there are already accepting June reservations. The boom we've seen with ERI and PENN is coming for MGM. That's my opinion anyways.


I'm of the same opinion. It seems primed for a short term jump to at least 20, assuming the market as whole doesn't tank.

I've been accumulating MGM and MGP, so I'm a bit biased/hopeful and may hold some of it long term.
This post was edited on 5/20/20 at 10:26 am
Posted by dualed
Member since Sep 2010
4695 posts
Posted on 5/20/20 at 10:35 am to
PENN and ERI both moved well despite the rest of the market stalling. MGM might be bulletproof once everything opens. I’m about to dump more into it now. Getting excited talking about it
Posted by El Segundo Guy
SE OK
Member since Aug 2014
9603 posts
Posted on 5/20/20 at 10:45 am to
I just reduced some PENN and might put profits to add to my MGM.
Posted by Baws
Member since Jan 2020
520 posts
Posted on 5/20/20 at 12:43 pm to
Losers spend tuition money to go to PENN

Winners invest stock money into PENN.

Posted by Huge Richard
Member since Dec 2018
3743 posts
Posted on 5/20/20 at 6:50 pm to
Absolutely
Posted by Huge Richard
Member since Dec 2018
3743 posts
Posted on 5/21/20 at 11:49 am to
Jeeeezzzzuuss
Posted by TigerMan327
Elsewhere
Member since Feb 2011
5166 posts
Posted on 5/21/20 at 11:54 am to
??
Posted by Navajo61490
Baton rouge
Member since Dec 2011
6717 posts
Posted on 5/21/20 at 11:59 am to
Bought PENN at 12 bucks. Sold some today at 28.50 and invested that into MGM. Holding the rest of PENN long now
Posted by jimjackandjose
Member since Jun 2011
6496 posts
Posted on 5/21/20 at 12:40 pm to
Sold all my penn at a stio of 25.50. Thought for sure it woukdve corrected back to 21 / 22. It has been blowing through highs
Posted by Navajo61490
Baton rouge
Member since Dec 2011
6717 posts
Posted on 5/21/20 at 12:49 pm to
Now just need MGM to make the same gains!
Posted by skewbs
Member since Apr 2008
2004 posts
Posted on 5/21/20 at 12:53 pm to
quote:

Casino stocks


quote:

Navajo61490


Checks out
Posted by Auburn1968
NYC
Member since Mar 2019
19515 posts
Posted on 5/21/20 at 1:57 pm to
Vegas is reopening now. That should help the casino stock. Picked up a little a couple of weeks ago.
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