Eri

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Shit man, no need to be sorry.
It's a gamble....we all know that.

I'm going to hold on for now. Watch and wait. When the world begins to normalize, that's when we will see if we are on the right side.
 

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Bounced back to close at $14.03
 

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Went up to $18 at one point today.

Closed at $15.11. Decent day.
 

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Up 20% today to close at $18.15.

In the 2 weeks I have been in, it has gone from $18.30 to $10.16 to $18.15.
Wild ride for sure.
 

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earnings will be released 4/30 after the market closes . This call will be all about credit availability, and updates on the merger . Not much to discuss on revenue or guidance
 

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Still a hold in your opinion? Thanks

If your a trader the stock just tripled in less then a month . Certainly due to consolidate and pause

Im an investor and looking to add on any dips

The risk reward for ERI is staggering but there is nothing certain based on what is going on. Thats why the vol is so high
 

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Thanks a lot. I'm an investor too. Bought in higher unfortunately. Wanted your opinion on if I should cut my losses or hold. I'll hold. Appreciate your input as always.
 

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Sold at the end of day Friday at $18.11
Basically a break even as I bought at $18.04

Gonna wait for a dip if it comes, and jump back in.
 

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Las Vegas-based Boyd Gaming Corp. is burning about $3.2 million daily during the shutdown and would run out of cash in about 9.4 months at that rate, according to the report. MGM Resorts International is burning $14.4 million daily and would run out in nine months. Penn National is burning $6.4 million daily and has 5.2 months before it runs out. Red Rock Resorts is burning $1.7 million daily and has 13.8 months; Golden Entertainment is burning $1 million daily and has 10.4 months.

Gaming is a little bit different than a lot of other businesses,” he said. “It’s harder for a bank … to take over the building, take over the operations if they run out of cash, but they will all have to downsize, offer discounts and eventually filing for protection. I have only dabbled in this sector, but am keeping an eye on it for consolidation.
 

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Sold at a loss today as well. Keeping an eye out to see where it goes. Thanks for the suggestions.
 

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Closed at 15.99 today.
 

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Closed at $20.32 Monday. On a nice run.
 

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Close Wed $22.41...still running nicely.
 

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Closed Friday at $18.84. Think its gonna slide back now. Just a guess.
 

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$18.37 at close.
 

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$21.09 Friday at close.

Anyone else get a list of MGM re-opening plans?
Saw this earlier:

June 2020: NYNY, Bellagio
Oct 2020: Park MGM
Jan 2021: MGM Grand
Mar 2021: Luxor, Mandalay Bay
July 2021: Aria
Oct 2021: Mirage

By no means are these official.
 

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Full reopening of Las Vegas isn’t going to be fast or simple. The Las Vegas Strip is home to some of the country’s highest-capacity hotels, I don't see Las Vegas being as profitable as it was for a long time with social distancing. The trend in recent years has been for Vegas to emphasize revenue from dining and entertainment, alongside gambling, but betting is still synonymous with Vegas. However, casinos weren’t designed for maintaining six feet of distance from other people.
 

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Full reopening of Las Vegas isn’t going to be fast or simple. The Las Vegas Strip is home to some of the country’s highest-capacity hotels, I don't see Las Vegas being as profitable as it was for a long time with social distancing. The trend in recent years has been for Vegas to emphasize revenue from dining and entertainment, alongside gambling, but betting is still synonymous with Vegas. However, casinos weren’t designed for maintaining six feet of distance from other people.

Maybe they move to more digital tables where there is a dealer and a screen. Actually gets more spins in then with people fighting over each other at a table. People seem to be fine with this approach as long as there is a live dealer
 

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