bought more wynn ystrday below 23,
strange action on stock as evrytime stock would drop, the trading
volume would spike way up & price would hold up for a bit, price drop
more ,volume spikes, price got to 22 & change & trading volume
exploded up pushing price above 23,
with the quarterly & yearly earnings report on the 24th somebody or
somebodies likes this price.
or not ; )
M J
That sounds typical of a stock that has historical support points that an
institutional investor (like a large mutual fund) has set Buy-Limit orders
for. That would explain the instant order (the trigger price for the
Buy-Limit) is reached and it falls again because the institutions are done
with their trading and it returns to public support.
D
On Thu, Feb 19, 2009 at 6:26 AM, mklpryy24 <mklpryy24@yahoo.com> wrote:
bought more wynn ystrday below 23,
strange action on stock as evrytime stock would drop, the trading
volume would spike way up & price would hold up for a bit, price drop
more ,volume spikes, price got to 22 & change & trading volume
exploded up pushing price above 23,
with the quarterly & yearly earnings report on the 24th somebody or
somebodies likes this price.
or not ; )M J
[Non-text portions of this message have been removed]
That sounds typical of a stock that has historical support points
that an
institutional investor (like a large mutual fund) has set Buy-Limit
orders
for. That would explain the instant order (the trigger price for the
Buy-Limit) is reached and it falls again because the institutions
are done
with their trading and it returns to public support.
D> bought more wynn ystrday below 23,
> strange action on stock as evrytime stock would drop, the trading
> volume would spike way up & price would hold up for a bit, price drop
> more ,volume spikes, price got to 22 & change & trading volume
> exploded up pushing price above 23,
> with the quarterly & yearly earnings report on the 24th somebody or
> somebodies likes this price.
> or not ; )
>
> M J
>
>[Non-text portions of this message have been removed]
CNBC recently featured the Wynn on their "Options Show" they were
favorable but cautious. I have had so many haircuts and whipsaws I am
in cash and gold, the worst is yet to come ecomomically as the credit
card bubble shoe has yet to drop and the stimulus is a band aid on a
gushing bloody global economic crisis. I daytraded prior to
decimalization in the dot com days, which took most of the fun out of
trading. I equate dabbling in the current market with about as much
probababilty of success as winning big on a 7/5 JOB machine, some may
hit a jackpot but most are going to get reamed in the long run. IMHO
--- In vpFREE@yahoogroups.com, Dennis Salguero <salguero@...> wrote:
On Thu, Feb 19, 2009 at 6:26 AM, mklpryy24 <mklpryy24@...> wrote:
I don't understand why the units you trade in affects
your fun or profits in trading?
--- befstk <mkemp@rmi.net> wrote:
--- In vpFREE@yahoogroups.com, Dennis Salguero
<salguero@...> wrote:
>
> That sounds typical of a stock that has historical
support points
that an
> institutional investor (like a large mutual fund)
has set Buy-Limit
orders
> for. That would explain the instant order (the
trigger price for the
> Buy-Limit) is reached and it falls again because
the institutions
are done
> with their trading and it returns to public
support.
> D
>
> On Thu, Feb 19, 2009 at 6:26 AM, mklpryy24 > <mklpryy24@...> wrote:
>
> > bought more wynn ystrday below 23,
> > strange action on stock as evrytime stock would
drop, the trading
> > volume would spike way up & price would hold up
for a bit, price drop
> > more ,volume spikes, price got to 22 & change &
trading volume
> > exploded up pushing price above 23,
> > with the quarterly & yearly earnings report on
the 24th somebody or
> > somebodies likes this price.
> > or not ; )
> >
> > M J
> >
> >
>
>
> [Non-text portions of this message have been
removed]
>
CNBC recently featured the Wynn on their "Options
Show" they were
favorable but cautious. I have had so many haircuts
and whipsaws I am
in cash and gold, the worst is yet to come
ecomomically as the credit
card bubble shoe has yet to drop and the stimulus is
a band aid on a
gushing bloody global economic crisis. I daytraded
prior to
decimalization in the dot com days, which took most
of the fun out of
trading. I equate dabbling in the current market
with about as much
probababilty of success as winning big on a 7/5 JOB
machine, some may
hit a jackpot but most are going to get reamed in
the long run. IMHO
Yes, but looking at the micro-action can be misleading. If you look at
the daily trading over several months, you'll see that WYNN has been
trending downward quite steadily since the first week in January. And
if the market as a whole, now at or near 10-year lows, moves lower (as
it seems to want to do), WYNN and most other stocks will find it
difficult or impossible to fight the downward pull. A falling tide
sinks all boats.
Roberto Tenore
--- In vpFREE@yahoogroups.com, "mklpryy24" <mklpryy24@...> wrote:
bought more wynn ystrday below 23,
strange action on stock as evrytime stock would drop, the trading
volume would spike way up & price would hold up for a bit, price drop
more ,volume spikes, price got to 22 & change & trading volume
exploded up pushing price above 23,
with the quarterly & yearly earnings report on the 24th somebody or
somebodies likes this price.
or not ; )M J
Yes, but looking at the micro-action can be misleading.
--- In vpFREE@yahoogroups.com, "tenore_s" <tenore_s@...> wrote:
**********************************************************************
Missed my point, bought wynn 2 days after IPO for $19, owned golden
nugget then mirage before that . been at this awhile , todays action
more important than yesterdays always.
If you look at
the daily trading over several months, you'll see that WYNN has been
trending downward quite steadily since the first week in January.
*********************************************************************
Look back longer & look at trading volume for wynn , might see
something
And
if the market as a whole, now at or near 10-year lows, moves lower
(as
it seems to want to do), WYNN and most other stocks will find it
difficult or impossible to fight the downward pull.
****************************************************************
Need to look for strong balance sheet, low debt due, large cash
holdings , increasing cash flow from both top & bottom line, smart
proven CEO.
; )
*********************************************************************
A falling tide
sinks all boats.
**********************************************************************
My boat floats on top the tide falling or rising . Holes sink boats.
Cliches are like Spam.
I always seem to make more $ in tuff times.
M J
Roberto Tenore
--- In vpFREE@yahoogroups.com, "mklpryy24" <mklpryy24@> wrote:
>
> bought more wynn ystrday below 23,
> strange action on stock as evrytime stock would drop, the trading
> volume would spike way up & price would hold up for a bit, price
drop
> more ,volume spikes, price got to 22 & change & trading volume
> exploded up pushing price above 23,
> with the quarterly & yearly earnings report on the 24th somebody
or
> somebodies likes this price.
> or not ; )
>
>
> M J
>
When you say "low debt" how is that defined? As a ratio to earnings or
profit? If so, what ratio is considered "low" and what ratio is considered
"high debt." Thanks.
On Sat, Feb 21, 2009 at 9:07 PM, mklpryy24 <mklpryy24@yahoo.com> wrote:
--- In vpFREE@yahoogroups.com <vpFREE%40yahoogroups.com>, "tenore_s"
<tenore_s@...> wrote:
>
>
> Yes, but looking at the micro-action can be misleading.**********************************************************************
Missed my point, bought wynn 2 days after IPO for $19, owned golden
nugget then mirage before that . been at this awhile , todays action
more important than yesterdays always.If you look at
> the daily trading over several months, you'll see that WYNN has been
> trending downward quite steadily since the first week in January.
*********************************************************************
Look back longer & look at trading volume for wynn , might see
somethingAnd
> if the market as a whole, now at or near 10-year lows, moves lower
(as
> it seems to want to do), WYNN and most other stocks will find it
> difficult or impossible to fight the downward pull.
****************************************************************
Need to look for strong balance sheet, low debt due, large cash
holdings , increasing cash flow from both top & bottom line, smart
proven CEO.
; )
*********************************************************************
A falling tide
> sinks all boats.
>
**********************************************************************
My boat floats on top the tide falling or rising . Holes sink boats.Cliches are like Spam.
I always seem to make more $ in tuff times.
M J
> Roberto Tenore
>
> --- In vpFREE@yahoogroups.com <vpFREE%40yahoogroups.com>, "mklpryy24"
<mklpryy24@> wrote:
> >
> > bought more wynn ystrday below 23,
> > strange action on stock as evrytime stock would drop, the trading
> > volume would spike way up & price would hold up for a bit, price
drop
> > more ,volume spikes, price got to 22 & change & trading volume
> > exploded up pushing price above 23,
> > with the quarterly & yearly earnings report on the 24th somebody
or
> > somebodies likes this price.
> > or not ; )
> >
> >
> > M J
> >
>
[Non-text portions of this message have been removed]
On Jim Cramers "Hot Money" show last week he reviewed many business
groups, including gaming. He thinks Wynn may be the only one to
survive the current bust. Seems unlikely only one will survive, but
thought it interesting ... its a cinch no government bailout for casino
companies.
Also, Wynn was recently added to the S&P 500 ... a big plus because
some huge funds only invest in those companies. That might explain the
volume spikes when the price dropped.
--- In vpFREE@yahoogroups.com, "mklpryy24" <mklpryy24@...> wrote:
bought more wynn ystrday below 23,
strange action on stock as evrytime stock would drop, the trading
volume would spike way up & price would hold up for a bit, price drop
more ,volume spikes, price got to 22 & change & trading volume
exploded up pushing price above 23,
with the quarterly & yearly earnings report on the 24th somebody or
somebodies likes this price.
or not ; )M J