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Thread: Eri

  1. #226  
    RX Junior Bruins4Life's Avatar
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    Bought some at 18.04 today.

    Hoping better late than never.
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  2. #227  
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    Quote Originally Posted by Bruins4Life View Post
    Bought some at 18.04 today.

    Hoping better late than never.
    Paid 18.10 lol, you beat me to it

    Im betting on the best management team in the business
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  3. #228  
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  4. #229  
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    BruceFAN, This deal looks like it could get tied up in courts , from following your posts and insights i 'd respect your thoughts on this, who is the better stock to own ERI or Czar's.....thank you for your time....all the best
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  5. #230  
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    Closes at 12.05
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  6. #231  
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    The deal is going to happen Caesars jumps on report that Eldorado deal will close

    Mar. 31, 2020 12:41 PM ET|About: Caesars Entertainment Cor... (CZR)|By: Clark Schultz, SA News Editor

    Trading in shares of Caesars Entertainment (CZR +11.1%) was halted for volatility after CNBC reported that the merger with Eldorado Resorts (ERI +12.8%) will close in June.
    There has been some speculation that the massive disruption in the casino sector due to the pandemic would slow down the regulatory review of the deal.


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  7. #232  
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    Quote Originally Posted by brucefan View Post
    The deal is going to happen Caesars jumps on report that Eldorado deal will close

    Mar. 31, 2020 12:41 PM ET|About: Caesars Entertainment Cor... (CZR)|By: Clark Schultz, SA News Editor

    Trading in shares of Caesars Entertainment (CZR +11.1%) was halted for volatility after CNBC reported that the merger with Eldorado Resorts (ERI +12.8%) will close in June.
    There has been some speculation that the massive disruption in the casino sector due to the pandemic would slow down the regulatory review of the deal.


    So is now the time to jump in?
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  8. #233  
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    14.40...up 20 %
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  9. #234  
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    Quote Originally Posted by brucefan View Post
    The deal is going to happen Caesars jumps on report that Eldorado deal will close

    Mar. 31, 2020 12:41 PM ET|About: Caesars Entertainment Cor... (CZR)|By: Clark Schultz, SA News Editor

    Trading in shares of Caesars Entertainment (CZR +11.1%) was halted for volatility after CNBC reported that the merger with Eldorado Resorts (ERI +12.8%) will close in June.
    There has been some speculation that the massive disruption in the casino sector due to the pandemic would slow down the regulatory review of the deal.


    https://bit.ly/2Uv7caW
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  10. #235  
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    10.67....

    Ugh
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  11. #236  
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    Holding still? Getting hurt on this one. Thanks.
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  12. #237  
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    Quote Originally Posted by gzwick26 View Post
    Holding still? Getting hurt on this one. Thanks.
    added some out of the money call spreads

    Stifel maintained their buy rec lowered price target to .......35 today
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  13. #238  
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    I apologize. I don't completely understand. Do we add here, hold, or sell in your opinion? Thanks.
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  14. #239  
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    Closed at $10.16

    If i add at this price it would lower my average cost to about $14 per share, since I bought at $18.
    It looks like casinos and the like are many months away from opening. If you add to your positions, be prepared to hold out for the long run.

    I know VERY LITTLE about the market, but that's how I see this playing out.
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  15. #240  
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    Quote Originally Posted by Bruins4Life View Post
    Closed at $10.16

    If i add at this price it would lower my average cost to about $14 per share, since I bought at $18.
    It looks like casinos and the like are many months away from opening. If you add to your positions, be prepared to hold out for the long run.

    I know VERY LITTLE about the market, but that's how I see this playing out.
    Sorry Bruin, this has been a hella of a time to get educated I know I dont have to tell you that no one in history has ever seen anything quite like this
    That being said, Stifel is a major brokerage house that came out defending the stock and putting a 35 target on it . I believe the deal is going through, ERI has the best most connected management team in the industry, and the access to the capital markets necessary to navigate through this storm . There is certainly lots of risk now , as the government has not let up , or even provided any guidance as to when this will end so companies can do what they do best, and also provide a safe environment to service their customers

    I started adding some more low risk , high reward trades this week ( called spreads with options) but will look to add more stock based on how it acts. The stock got as low as 6.02, and we cant rule out a retest of tat low price. If that happens, i would buy on the was back up if that holds . Prior to that the 8.5 are looks like it could be support also. General advice would be to be patient on the way down.
    These stocks are so volatile right now though that it is a very tough game short term . Since the end of Feb, the ATR ( avg true range ) of ERI has spiked from around 1.50 per day, to almost 4!
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  16. #241  
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    Shit man, no need to be sorry.
    It's a gamble....we all know that.

    I'm going to hold on for now. Watch and wait. When the world begins to normalize, that's when we will see if we are on the right side.
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  17. #242  
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    Bounced back to close at $14.03
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  18. #243  
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    Went up to $18 at one point today.

    Closed at $15.11. Decent day.
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  19. #244  
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    Up 20% today to close at $18.15.

    In the 2 weeks I have been in, it has gone from $18.30 to $10.16 to $18.15.
    Wild ride for sure.
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  20. #245  
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    earnings will be released 4/30 after the market closes . This call will be all about credit availability, and updates on the merger . Not much to discuss on revenue or guidance
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  21. #246  
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    Still a hold in your opinion? Thanks
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  22. #247  
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    Quote Originally Posted by gzwick26 View Post
    Still a hold in your opinion? Thanks
    If your a trader the stock just tripled in less then a month . Certainly due to consolidate and pause

    Im an investor and looking to add on any dips

    The risk reward for ERI is staggering but there is nothing certain based on what is going on. Thats why the vol is so high
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  23. #248  
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    Thanks a lot. I'm an investor too. Bought in higher unfortunately. Wanted your opinion on if I should cut my losses or hold. I'll hold. Appreciate your input as always.
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  24. #249  
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    Sold at the end of day Friday at $18.11
    Basically a break even as I bought at $18.04

    Gonna wait for a dip if it comes, and jump back in.
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  25. #250  
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    Las Vegas-based Boyd Gaming Corp. is burning about $3.2 million daily during the shutdown and would run out of cash in about 9.4 months at that rate, according to the report. MGM Resorts International is burning $14.4 million daily and would run out in nine months. Penn National is burning $6.4 million daily and has 5.2 months before it runs out. Red Rock Resorts is burning $1.7 million daily and has 13.8 months; Golden Entertainment is burning $1 million daily and has 10.4 months.

    Gaming is a little bit different than a lot of other businesses,” he said. “It’s harder for a bank … to take over the building, take over the operations if they run out of cash, but they will all have to downsize, offer discounts and eventually filing for protection. I have only dabbled in this sector, but am keeping an eye on it for consolidation.
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