Dave Mack
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Gambling stocks
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I've learned something interesting. A stock can have an intriguing story, but it's better to pick one with intriguing stories. Look at LVS and WYNN (and to a lesser extent MGM) These have the international angle, LVS is expanding overseas and they are a premier provider of this form of entertainment. LVS is also going to expand elsewhere (I was reading about Kansas City) And the found knows how to make money.. I was reading an analyst talking about WYNN when it was 92 (it then went to 118, went back to 89 and I think is around 150 in about two months.) The analyst talked about how he thought WYNN was overvalued when it was 18. So I would imagine it would be difficult to see that you were wrong at 18, and then the market tell you just how wrong you were. Markets may be logical, but they aren't all the time. And the future can be a powerful thing. | ||
