In late 2014 China made a move to open up its equity markets to outsiders by linking the Shanghai Composite and Hong Kong’s Hang Seng. It saw a fairly slow start, per the WSJ Dec …
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The hits keep coming for Macau gaming. It seems like each new week brings another round of sell side estimate and ratings cuts. A year ago Chinese regulators began to crack down on high roller …
Continue readingIn case you missed it, the Shanghai Composite was down nearly 9% on Monday after Regulators imposed new rules for margin trading in a move to cool down what many see as an overheated stock …
Continue readingOn numerous occasions in 2014 we have taken some whacks at WYNN from the short side. The most recent trade from a couple of weeks ago looked to play for a consolidation between then and …
Continue readingSince WYNN’s parabolic rise of about 50% from the December 2013 lows to the March 2014 all time highs, we have taken a fairly dim view of the stock’s prospects. The stocks’s ascent had been …
Continue readingLast month we pressed our bearish view on WYNN playing for a break of technical support at $200 and the eventual break of its 200 day moving average for the first time since late 2012. …
Continue readingA few weeks ago we went back to the well in WYNN looking to play for a breakdown below $200 in the stock. Into its recent earnings report the stock bounced from our entry and …
Continue readingWe put on a new trade structure in WYNN on Monday as the stock’s trading range continues to narrow over the past few months: This was the structure: [hr] Previous Post June …
Continue readingIn late May, when WYNN was trading at the exact same levels it is today, we laid out our bearish thesis for the stock and executed an options trade that looked to help finance owning puts …
Continue readingBack on May 20th we initiated a bearish put calendar in WYNN (see below), short June and long July. Since then the stock is in the exact same spot it was then, after first rallying …
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