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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Winfastorlose who wrote (144795)	5/2/2020 2:47:45 AM
From: Brian Sullivan	1 Recommendation Recommended By Winfastorlose Read Replies (1) \| Respond to of 218862

It is not just casino and gaming stocks that are overvalued. It is 95% of all stocks that are in the same boat. The only way out is to conquer our fears and go back to living life again. I don't see that happening for another month. Even then people will still be staying home and not venturing out as much as before. A vaccine is a year out at best. Playing it short still.

To: Winfastorlose who wrote (144795)	5/2/2020 3:08:31 AM
From: SnowShredder	Read Replies (1) \| Respond to of 218862

Macau still has travel restrictions, the casinos in Macau were not allowed to layoff their employees. LVS in their conference call stated Macau, then Singapore will recover before Las Vegas. Wearing a mask in Asia a common thing. Social distancing at a high roller baccarat table shouldn't be an issue. If someone is playing that big, there are probably more pit bosses and dealers standing around the table than players sitting. Unless there is a big 2nd wave, I think Macau will be at full steam ahead before it shuts down...bwdik? Some Wynn execs getting paid in stock this year. thestreet.com Some MGM insiders went shopping last month... nasdaq.com Rumor has it the NBA and the NHL are interested in finishing their seasons in Las Vegas closed to the public games. A lot of conferences re-scheduled for later in the year or next year, EDC is re-scheduled for October. The NFL is still planning on playing a full season (10 Raider home games?). When Vegas shut down, a lot of cancellations were happening in March. A lot of the casinos were looking at very low occupancy numbers, and they started massive layoffs. A couple casinos were planning on closing, then the Governor told everyone to shut off their machines. Then all of the casinos shutdown. When the Governor give the thumbs up the casinos may or may not reopen immediately. BTW...Most Las Vegas locals don't gamble on the strip too often. I went long a bunch of gaming stocks and gaming REITs about a month or so ago for the long term...bwdik?