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Thursday, July 10, 2008

Wynn (WYNN) Resorts

This stock is up 80.40 +10.46 (14.96%) After Hours.
  • Due to a IPO planned in Hong Kong.
  • Due to a $500 million Buyback
My opinion is that this stock is will go into a sell off pattern tomorrow.

The US market is not getting any better anytime soon.

According to the State of Nevada, gambling revenue fell 15% in May.

Keep a watch on this stock for tomorrow's trading day.

If GE misses tomorrow this should be a good short target because the news that sent this stock high doesn't account for any US/Vegas gambling data.

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