Sold YGE, EWZ, BGU

Home / Market Comments / Sold YGE, EWZ, BGU
April 6, 2009

Took profits on these trades – double digit gains in most.

I’m looking to be a buyer on further lows than what has happened so far. -90 Dow. I’m hedged in the index funds.


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  • Brian

    What do you think of the vegas stocks? MGM LVS WYNN MPEL I turned a 100% profit on MGM in the last 3 days! I figured it would pull back some and I might get back in.

  • http://www.stockrake.com StockRake

    I like em. ISLE was on my list of crap, but I passed it up in favor of others.

    MPEL I was looking at today, needs to pullback to perk my interest.

    When desperate times happen for people they tend to gamble. Less so when times are good I think. There is a fine line between a bad economy and an economy just bad enough where people will gamble. I think that is in favor for casino properties going forward. Not to mention the casinos have gone through their cost cutting measures over the last 3 years. They will be much better run operations.

    On pullbacks WYNN, LVS, MGM, ISLE, BYD, MPEL

    BYD actually looks decent still.

  • Brian

    What do you think of the vegas stocks? MGM LVS WYNN MPEL I turned a 100% profit on MGM in the last 3 days! I figured it would pull back some and I might get back in.

  • http://www.stockrake.com StockRake

    I like em. ISLE was on my list of crap, but I passed it up in favor of others.

    MPEL I was looking at today, needs to pullback to perk my interest.

    When desperate times happen for people they tend to gamble. Less so when times are good I think. There is a fine line between a bad economy and an economy just bad enough where people will gamble. I think that is in favor for casino properties going forward. Not to mention the casinos have gone through their cost cutting measures over the last 3 years. They will be much better run operations.

    On pullbacks WYNN, LVS, MGM, ISLE, BYD, MPEL

    BYD actually looks decent still.