Casino Stocks? (LVS / MGM)

[jasno999]

Wondering what you guys think about the major casino stocks. I have read a bunch of good write-ups on how these stocks are supposed to head in the positive direction. Also they are currently in a bit of a lul so they have room to go to get up to their previous highs.

And last but not least I was just in Vegas and they are building like crazy out there. Makes me think they are doing very well and will be doing even better when everything is fully up and running.

I just don’t know. I can only afford about 20 to 25 shares because the starting price is so high so I am not sure if a purchase is worth it. Even if they go up $10 I am only looking at a 40-50 dollar increase. Do you think I should stay with stocks that are lower in starting price so I can purchase more and hopefully make some more cash?

[Thierry Martin]

Chartwise these two stocks look horrible.

1166

1167

[jasno999]

How about you fully explain the charts you have posted for me.

[TonyM]

How about you fully explain the charts you have posted for me.


:lol: Yeah Thierry, I'd like a 10 page analysis on my desk by by 2pm, and bring me a latte while your at it.

[grassferret]

classic. ha

[Thierry Martin]

How about you fully explain the charts you have posted for me.

Chart analysis, like any kind of stock analysis, is very subjective. Every trader has their own style and objectives and tolerance for risk and different amounts of capital to play with. How to interpret the charts I posted would require an understanding of what you are trying to do. Short term vs long term 10,000 shares vs 25 shares etc. I try to stick with stocks in an uptrend, but many traders buy stocks on bounces. I posted the charts for you to digest for yourself, sometimes looking at charts clarifies other facts about a stock. Those charts look like stocks struggling to me, you might enjoy betting against the crowd.

[jasno999]

I am new to trading so it is all new to me. I don't know what all the itels on the chart mean or how to read it fully. I only understand little parts.

Basically with the casino stocks I am looking at what I have heard, what I have seen first hand with the buildign in Las Vegas and I see the casinos were on a negative trend but good news, more casinos to make money and better profits point me it the buy direction. I think they are going to begin a climb in the positive direction

Basically I would liek to take 5 grand and put it in longer term stuff and 5 grand and put it in short term stuff where I can make money in terms of days and week (day trading type stuff)

[Albert0373]

How about you fully explain the charts you have posted for me.

How about a please with that? You're talking to the site admin here. :wink:

And may I direct you to my beautiful (plagiarized) post on reading charts: http://www.cramersmadmoney.com/showthread.php?t=10208

Should set you off in the right direction.

[Lou]

Chart analysis, like any kind of stock analysis, is very subjective. Every trader has their own style and objectives and tolerance for risk and different amounts of capital to play with. How to interpret the charts I posted would require an understanding of what you are trying to do. Short term vs long term 10,000 shares vs 25 shares etc. I try to stick with stocks in an uptrend, but many traders buy stocks on bounces. I posted the charts for you to digest for yourself, sometimes looking at charts clarifies other facts about a stock. Those charts look like stocks struggling to me, you might enjoy betting against the crowd.

Thierry, one question for you, what time frame do you use for your charts? If I remember correctly its usually pretty short, like 50 days? Would that be right? I know some people use say a 10 and 20 or a 10 and 50 avg once it breaks both lines they buy. I know my question is scattered and could be long. Im just curious on your time frame for a typical chart.

[Thierry Martin]

Thierry, one question for you, what time frame do you use for your charts? If I remember correctly its usually pretty short, like 50 days? Would that be right? I know some people use say a 10 and 20 or a 10 and 50 avg once it breaks both lines they buy. I know my question is scattered and could be long. Im just curious on your time frame for a typical chart.

It depends on the trade - if I am doing a 5 or 10 day swing trade, I would look at a 2 or 3 month chart, for a longer trade or investment I would use a 1 year chart. The same concepts apply, more or less, to the different time frames. Day trading even works with charts.

[jasno999]

How about a please with that? You're talking to the site admin here. :wink:

And may I direct you to my beautiful (plagiarized) post on reading charts: http://www.cramersmadmoney.com/showthread.php?t=10208

Should set you off in the right direction.

Sorry the "Please" was implyed. I really do appreciate help form everybody on the board. I will definitly check out that link you provided for me. I am tryign to understand everyhting but without a person to explain it - well it can be overwhelming....

Thanks