Eri

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Just terrible This country is destroying itself

[FONT=&quot]Item 4. Purpose of Transaction[/FONT]
[FONT=&quot]Item 4 of the Schedule 13D is hereby amended by adding to the end of Item 4 the following:[/FONT]
[FONT=&quot]As previously disclosed, REI pledged 3,800,000 shares of Common Stock as collateral to secure its obligations under a margin loan agreement with a third party commercial bank. On March 17, 2020, 2,354,000 pledged shares of Common Stock were sold for an average price of $11.674 per share on the open market by the third party commercial bank as a result of an unmet margin call under such loan. Approximately $1.1 million remains payable under the margin loan. REI expects that such portion of the remaining 1,446,000 pledged shares as is necessary to satisfy the remaining $1.1 million of obligations will be sold on March 18, 2020, at which time the obligations under the margin loan will be satisfied and no shares of Common Stock will be subject to a pledge.[/FONT]

http://app.quotemedia.com/quotetool.../filing?docid=114885420&seq=1&cp=on&type=HTML
 

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Closed at 15.05 today.

What do we see short / long term?
 

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Bought some at 18.04 today.

Hoping better late than never.
 
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BruceFAN, This deal looks like it could get tied up in courts , from following your posts and insights i 'd respect your thoughts on this, who is the better stock to own ERI or Czar's.....thank you for your time....all the best
 

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Closes at 12.05 kth)(&^
 

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The deal is going to happen [h=1]Caesars jumps on report that Eldorado deal will close[/h]Mar. 31, 2020 12:41 PM ET|About: Caesars Entertainment Cor... (CZR)|By: Clark Schultz, SA News Editor

Trading in shares of Caesars Entertainment (CZR +11.1%) was halted for volatility after CNBC reported that the merger with Eldorado Resorts (ERI +12.8%) will close in June.
There has been some speculation that the massive disruption in the casino sector due to the pandemic would slow down the regulatory review of the deal.


 

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The deal is going to happen Caesars jumps on report that Eldorado deal will close

Mar. 31, 2020 12:41 PM ET|About: Caesars Entertainment Cor... (CZR)|By: Clark Schultz, SA News Editor

Trading in shares of Caesars Entertainment (CZR +11.1%) was halted for volatility after CNBC reported that the merger with Eldorado Resorts (ERI +12.8%) will close in June.
There has been some speculation that the massive disruption in the casino sector due to the pandemic would slow down the regulatory review of the deal.


So is now the time to jump in?
 

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14.40...up 20 %
 

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The deal is going to happen Caesars jumps on report that Eldorado deal will close

Mar. 31, 2020 12:41 PM ET|About: Caesars Entertainment Cor... (CZR)|By: Clark Schultz, SA News Editor

Trading in shares of Caesars Entertainment (CZR +11.1%) was halted for volatility after CNBC reported that the merger with Eldorado Resorts (ERI +12.8%) will close in June.
There has been some speculation that the massive disruption in the casino sector due to the pandemic would slow down the regulatory review of the deal.


https://bit.ly/2Uv7caW
 

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10.67....

Ugh
 

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I apologize. I don't completely understand. Do we add here, hold, or sell in your opinion? Thanks.
 

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Closed at $10.16

If i add at this price it would lower my average cost to about $14 per share, since I bought at $18.
It looks like casinos and the like are many months away from opening. If you add to your positions, be prepared to hold out for the long run.

I know VERY LITTLE about the market, but that's how I see this playing out.
 

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Closed at $10.16

If i add at this price it would lower my average cost to about $14 per share, since I bought at $18.
It looks like casinos and the like are many months away from opening. If you add to your positions, be prepared to hold out for the long run.

I know VERY LITTLE about the market, but that's how I see this playing out.

Sorry Bruin, this has been a hella of a time to get educated I know I dont have to tell you that no one in history has ever seen anything quite like this
That being said, Stifel is a major brokerage house that came out defending the stock and putting a 35 target on it . I believe the deal is going through, ERI has the best most connected management team in the industry, and the access to the capital markets necessary to navigate through this storm . There is certainly lots of risk now , as the government has not let up , or even provided any guidance as to when this will end so companies can do what they do best, and also provide a safe environment to service their customers

I started adding some more low risk , high reward trades this week ( called spreads with options) but will look to add more stock based on how it acts. The stock got as low as 6.02, and we cant rule out a retest of tat low price. If that happens, i would buy on the was back up if that holds . Prior to that the 8.5 are looks like it could be support also. General advice would be to be patient on the way down.
These stocks are so volatile right now though that it is a very tough game short term . Since the end of Feb, the ATR ( avg true range ) of ERI has spiked from around 1.50 per day, to almost 4!
 

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