Gaming Stocks

[Angewygom]

Welcome to Stockaholics and the Gaming Stocks thread. This may be a temporary thread as we wait for the Hotstockmarket data base to be sent over. There are many gaming stocks to choose from and feel free postings ones of your interest.

I have been following thet Vegas and Macau stocks that trade in our markets which are WYNN, LVS, MGM, and MPEL. The first three have casinos in both cities and MPEL has 4 casinos in Macau and one in Manilla. At one time or another I have played all 4 stocks, even LVS when the price was in the mid two's. Here is a little info I posted on Hotstockmarket to gets things started>

[Anogbodo]

Checking the Hong Kong market, the holdings of WYNN, MGM. LVS, and MPEL are all down from 2.33% to 5%. If we have a weak market tomorrow there may be some good buying opportunities.

[Anthonyfamy]

When I started investing several years ago after university, I had LVS as the only stock in my portfolio and bought it at around ~$20. I didn't know much about stocks so I sold it for a quick small profit. I kept watching it go higher and higher, so I bought it back when it was around $45 several years ago. It reached the high point of ~$85, but I was greedy waiting for it to hit $100 before wanting to sell it. Then of course, the whole Macau fiasco hit.

Needless to say, being too greedy costed me. I sold all of it a month ago but still made a decent profit (~20%) simply because of the USD/CAD exchange rate. But a ~20% profit over 4 years still bothers me knowing I could've done better.

[AntonioVem]

I am still waiting for WYNN to drop to 87.50 to fill the gap but it is a stubborn stock to get a decent pull back on. Maybe Steve Wynn is still buying in the open market and holding the price up. (Just a thought)

[AnthonyOt]

For me, MPEL is the only one I would consider now because of the USD/CAD exchange rate and the lower stock price.

Based on my understanding of MPEL's chart, the weekly shows its still in a downward trend. My amateur analysis thinks it's possible it'll go back below $14 soon. If I got the technical analysis correct, there's a small gap that needs to be filled from mid-Feb at around the $12.50 mark. That would be where I might consider opening a small position.

Aside from that, I don't really know what can drive an increase in the prices for these gaming stocks, especially with the constant news about gloom and doom coming to China.