WYNN - Wynn Resorts Ltd.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 4, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
    Wynn Resorts, Limited, together with its subsidiaries, develops, owns, and operates destination casino resorts. It operates in two segments, Macau Operations and Las Vegas Operations. The company operates Wynn Macau and Encore at Wynn Macau resort located in the People’s Republic of China. As of February 12, 2016, its Macau resorts feature had approximately 284,000 square feet of casino space, which offered 24-hour gaming and a range of games with 458 table games and 708 slot machines, private gaming salons, sky casinos, and a poker; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; casual and fine dining in 8 restaurants..

    [​IMG]
     
  2. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
    This could have been posted in LVS MPEL or MGM but I picked WYNN because they dropped the most in the last Hong Kong trading session from this article (-4.4%). I have mentioned a few times in other threads that there is a 87.50 gap that could be filled.
    Current Price: 93.40

    Macau Rally Is Ending, Hotel Price War Already Started, Warns Deutsche
    http://blogs.barrons.com/asiastocks...ted-warns-deutsche/?mod=yahoobarrons&ru=yahoo
     
  3. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,576
    Likes Received:
    3,558
    Down to the bottom of the current channel here to $90, but if this support holds, I may be interested in trying to catch a move to $100.

    Anything on the Panama Papers with WYNN yet? Its probably in there.
     
  4. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
  5. internationalstocks

    internationalstocks Active Member

    Joined:
    Apr 3, 2016
    Messages:
    378
    Likes Received:
    143
    WYNN closed at 11.54% in Hong Kong today. Hit a low of 6.84 when last selloff took place. currently the dividend pay for tat stock in Hong Kong is quite high
     
  6. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
    That 87.50 gap got filled and then some to a low of 85.72 before recovering to 89.55. In a twist WYNN Macau is up significantly in a flat Hong Kong market tonight.

    upload_2016-4-6_19-35-21.png
     
  7. internationalstocks

    internationalstocks Active Member

    Joined:
    Apr 3, 2016
    Messages:
    378
    Likes Received:
    143
    That is because of the yield and dividend ratio making Wynn cheap. The price is cheap according to yield and dividends being paid. I can not believe I did not load up on this stock in Hong Kong at $7 HKD a share. That was a no brainer
     

    Attached Files:

  8. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
    WYNN up big in Pre-Market on 150K+ shares traded

    upload_2016-4-7_5-42-15.png
     
    internationalstocks likes this.
  9. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,576
    Likes Received:
    3,558
    I knew you would be here first thing in the morning! lol
     
  10. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
    Casino mogul Steve Wynn says nobody wants to be around poor people (really)
    http://www.marketwatch.com/story/ca...e-around-poor-people-2016-04-08?siteid=yhoof2

    Wynn forecast for Cotai project very bullish: Nomura
    Japanese brokerage Nomura says Wynn Macau Ltd’s expectations for its upcoming Cotai project seem “very bullish”. The brokerage stated in a note on Thursday it was sceptical on the pace of ramp-up forecast by the casino operator for the scheme

    More
    http://www.ggrasia.com/wynn-forecast-for-cotai-project-very-bullish-nomura/
     
  11. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
  12. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
    Early in pre-market WYNN is up 3.14% on 51K shares traded

    upload_2016-4-14_5-36-40.png
     
  13. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
    Steve needs to buy more shares as WYNN is down after being up over 3%

    Wynn Resorts (WYNN) CEO Steven Wynn bought nearly 73,000 shares of his casino company, boosting his holdings to more than 12 million shares worth about $1.194 billion. In December, Wynn disclosed the purchase of more than 1 million shares for about $63.8 million.

    More
    http://www.investors.com/news/steve...u-recovery/?ven=YahooCP&src=AURLLED&ven=yahoo
     
  14. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
  15. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
  16. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,475
    Likes Received:
    3,288
    Broke over $100 today and close at $101.11
     
  17. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,576
    Likes Received:
    3,558
    New 52wk highs a little pull back today
     
  18. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
    Looks like WYNN got a little overbought and gaming is starting to pull back. That 87.50 gap play it dropped below looks pretty good now

    upload_2016-6-20_7-46-22.png
     

    Attached Files:

  19. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
  20. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,576
    Likes Received:
    3,558
    street.com

    NEW YORK (TheStreet) -- Shares of Wynn Resorts (WYNN) are retreating 4.66% to $87.99 in mid-afternoon trading on Monday after announcing another delay to opening its Wynn Palace casino resort in Macau.

    The Las Vegas-based casino operator now expects to open the resort on August 22. Last year, the company pushed back its anticipated opening date to June from March.

    Macau gambling revenue has been declining as an anticorruption campaign in China has driven away VIP gamblers that generate most of the industry's revenue.

    Wynn Palace was planned when Macau's casinos were thriving but the project is now seen as weighing on the likelihood of a recovery in the area, the Wall Street Journal reports.
     

Share This Page