BUY BUY BUY and Thank Me Later.................

[bigwang]

These mergers are horrible for advantage players. You get barred in one casino your barred in the entire country. I remember the old days when you had multiple casino operators.

100% on point. An MGM/Caesars merger would be bad news for consumers, employees and industry as a whole. Have to believe Adelson and Wynn ceo would be using their influence in DC to have it squashed.

Frissora was forced out by board due to lagging stock price and some corporate theft. Wait for the reports to leak on David Honeymeyer, the former big exec for them who was just fired for embezzlement that stretched into 7 figures. Honeymeyer promoted to big title under Frissora's watch.

Boyd is no longer in for buying Rio. They just spent a lot of cash on hand on out of state regional casinos and don't want to overextend at this time with Wall St not high on gaming sector. Unless someone swoops in I could see them flipping Rio into the vici REIT and making some cap improvements.

 

[In2Win]

Excuse my ignorance in stocks as I am new and just dabbling but what happens to CZR stocks in the case of a merger?

Does the stock seize to exist and a buyout occurs? Good/Bad?

 

[Ricboff]

CZR



3 month daily

not good behaviour following the earnings gap up. Came back to fill the gap and didnt bounce- probability was on its side for a bounce. Rather, it BLASTED though it. Yesterday another red candle, BUT one with smaller breadth. Good. Today, another red candle, BUT lowER volume AND did not form a lower low. Good , good. AND its holding this low level it created in Oct. In addition, the candle it formed today when seen at a bottom can act as a pivot point

so, its setting up for a swing low (a double bottom). However, it cant break this level, no way Jose. ( i hold no position, just sharing my 2 cents on the short term chart outlook)

 

[PatsFan1283]

Quite the pullback in the last week, thoughts?

 

[JustinCruise]

I've been getting some nice tax loss harvesting


Trying to be a glass half full guy

 

[Ricboff]

tech., analysis is not just for traders. It can be used for entry/adding/exiting positions for 'long term' investors

to add to post 63


'so, its setting up for a swing low'

looking real good. A swing low is buying at a bottom,near a bottom(an attempt to get in at the 'best time', that is ,with probability on your side that in short term the price will move be in the direction your anticipating.( KEEP IN MIND, this stock has been downtrending for 1 year; the OP feels very strong it will reverse this trend in due time. Be clear, you are betting agasint the trend...cycling uphil, if you will)


czr had a great day yesterday; the SPY was down over .75%, yet CZR had a green candle and did not break this very important level- more comfirmation that indeed we are in swing low. The SPY may finally be showing selling exhaustion (TEH DAY IS YOUNG). Persoanlly, for CZR this is a good entry point, an initial position . ALSO, its oversold bigtime (stoi below 20 and ready for a crossover)/ if it can reclaim its 8 ema, even better. its always a good idea to enter on a green candle

(downside? again, it cant break this level, so if i was trading this i'd have a stop loss just below this level. That's just me)

gl

 

[kidman232]

These mergers are horrible for advantage players. You get barred in one casino your barred in the entire country. I remember the old days when you had multiple casino operators.

they all swap information with each other anyways. Local casinos will share pictures and information about known card counters or recently confirmed ones with other casino's in the area

 

[wabashwonders]

Haven’t read this entire thread but thought this article concerning the sale of Kentucky Downs may be of interest to some since Caesar Entertainment is mentioned in the article. They are looking to purchase a harness track and casino in Kentucky. Here is the article.

https://www.drf.com/news/kentucky-downs-sold-ron-winchell-and-partner

 

[dnf0027]

Haven’t read this entire thread but thought this article concerning the sale of Kentucky Downs may be of interest to some since Caesar Entertainment is mentioned in the article. They are looking to purchase a harness track and casino in Kentucky. Here is the article.

https://www.drf.com/news/kentucky-downs-sold-ron-winchell-and-partner

Feels like they been trying to do that for 10+ yrs

 

[wabashwonders]

Feels like they been trying to do that for 10+ yrs

Why would you say that when the article specifically says the applications for the harness track and casino are recent.

 

[Bruins4Life]

So what is the value of this stock currently?

 

[festeringZit]

I just bought a bunch at 8.185

 

[Ricboff]

the Japanese rice traders created candlestick charting years and years and years and years ago . These chaps were looking for an edge as to how humans behave (investor sentiment ) . These fucks created candles of price behavour of rice and watched...watched . The graphic depiction of human behaviour , ....can you imagine? ...........Support gone . Look what happened when support was breached ? Look what happened to btc when $6100 was breached ? Self fulfilling prophesy


now ? Hope . Yup . Hope the SPY can carry all for the annual Christmas Rally .


(Mr Trump is on a leash , sorry , dems won the house . Need Powell's help and ....China/USA to relent......speaking market not individual stock )

 

[Michelangelo]

Who wants to enlighten me as to why Caesars went down today when the rest of the market, including the other gaming stocks, surged.

 

[festeringZit]

7.54 getting hammered

 

[Michelangelo]

Big midday market reversal. Closed at 7.95; down .01.

 

[Hotpizza]

Update:

This is and has been a LONG term play.

The market as a whole has felt a lot of pain including the gaming stocks. There has been some great opportunities to decrease your cost per average, you just have to be willing to pull the trigger.

IMO the market is way oversold and once the tariff back and forth with China is resolved, the FED stops raising rates and the shorts get squeezed there will be a massive rally.

The market nor any stock goes in a beeline straight up, there's bumps and bruises along the way and that's where we are now. I am not in the least concerned.

 

[TheFalls]

agree^^^

and the more oversold/recession talk I hear...the better

 

[niltes]

that is a lot of ifs, hot pizza.

 

[festeringZit]

6.55