[FONT="][COLOR=rgba(0, 0, 0, 0.870588)]9.36[COLOR=rgba(0, 0, 0, 0.619608)] USD[/COLOR] −0.045 (0.48%)<svg version="1.1" viewBox="0 0 12 12" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
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[COLOR=rgba(0, 0, 0, 0.619608)]Feb 12, 10:47 AM EST · <g-link class="CVIh4c" style="color: rgba(0, 0, 0, 0.619608);">[COLOR=rgba(0, 0, 0, 0.619608)]Disclaimer[/COLOR]</g-link>[/COLOR]
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[COLOR=rgba(0, 0, 0, 0.619608)]Feb 12, 10:47 AM EST · <g-link class="CVIh4c" style="color: rgba(0, 0, 0, 0.619608);">[COLOR=rgba(0, 0, 0, 0.619608)]Disclaimer[/COLOR]</g-link>[/COLOR]
Kudos to you Hotpizza
[FONT="][h=1]Caesars jumps on report Carl Icahn pushing casino operator to sell[/h]
[FONT="]Maggie Fitzgerald | @mkmfitzgerald[/FONT]
<time class="datestamp" itemprop="datePublished" datetime="2019-02-14T18:11:50-0500" style="user-select: text; padding: 5px 0px 0px; color: rgb(51, 51, 51); font-family: "Proxima Nova Semi Bold", Arial; font-size: 11px;">Published 51 Mins Ago </time><time class="datestamp last-pub-date" itemprop="dateModified" datetime="2019-02-14T18:57:13-0500" style="user-select: text; padding: 5px 0px 0px; color: rgb(51, 51, 51); font-family: "Proxima Nova Semi Bold", Arial; font-size: 11px;"> Updated 6 Mins Ago</time>[FONT="]CNBC.com[/FONT]
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George Rose | Getty Images
Caesars Entertainment shares rose 6 percent after hours following a Wall Street Journal report that shareholder Carl Icahn is pushing the casino operator to sell itself.
Icahn has roughly 10 percent stake in Caesars.
Caesars has been approached by at least two suitors, including Eldorado Resorts and Gold Nugget, sources told the Journal. Talks with Eldorado didn't go anywhere and the casino operator rejected Gold Nugget's bid.
Icahn started lobbying for a sale after other Caesars shareholders recruited him. He hasn't ruled out launching a proxy fight, but faces a March 1 deadline to do so, sources told the Wall Street Journal.
Caesars has about 50 casinos in 13 states and five countries, according to the Journal, making it one of the largest gambling companies. The company has a market value of more than $6 billion.
Icahn is not new to the casino industry, having previously owned properties such as Sands Atlantic City in New Jersey and Stratosphere in Las Vegas. His company Icahn Enterprises also bought the Trump Taj Mahal after its parent company Trump Entertainment resorts went bankrupt. Icahn Enterprises sold the Trump Taj Mahal in 2017.
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[FONT="][h=1]Caesars jumps on report Carl Icahn pushing casino operator to sell[/h]
[FONT="]Maggie Fitzgerald | @mkmfitzgerald[/FONT]
<time class="datestamp" itemprop="datePublished" datetime="2019-02-14T18:11:50-0500" style="user-select: text; padding: 5px 0px 0px; color: rgb(51, 51, 51); font-family: "Proxima Nova Semi Bold", Arial; font-size: 11px;">Published 51 Mins Ago </time><time class="datestamp last-pub-date" itemprop="dateModified" datetime="2019-02-14T18:57:13-0500" style="user-select: text; padding: 5px 0px 0px; color: rgb(51, 51, 51); font-family: "Proxima Nova Semi Bold", Arial; font-size: 11px;"> Updated 6 Mins Ago</time>[FONT="]CNBC.com[/FONT]
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George Rose | Getty ImagesCaesars Entertainment shares rose 6 percent after hours following a Wall Street Journal report that shareholder Carl Icahn is pushing the casino operator to sell itself.
Icahn has roughly 10 percent stake in Caesars.
Caesars has been approached by at least two suitors, including Eldorado Resorts and Gold Nugget, sources told the Journal. Talks with Eldorado didn't go anywhere and the casino operator rejected Gold Nugget's bid.
Icahn started lobbying for a sale after other Caesars shareholders recruited him. He hasn't ruled out launching a proxy fight, but faces a March 1 deadline to do so, sources told the Wall Street Journal.
Caesars has about 50 casinos in 13 states and five countries, according to the Journal, making it one of the largest gambling companies. The company has a market value of more than $6 billion.
Icahn is not new to the casino industry, having previously owned properties such as Sands Atlantic City in New Jersey and Stratosphere in Las Vegas. His company Icahn Enterprises also bought the Trump Taj Mahal after its parent company Trump Entertainment resorts went bankrupt. Icahn Enterprises sold the Trump Taj Mahal in 2017.
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Icahn has found a partner in Canyon Partners which owns around 10.5% of the company stock. In essence they have 20% of the company stock and should start to push an agenda.
I think that agenda will include board members of which maybe Icahn could be one of them. If that is the case I am certain he will have a large say on who the next CEO will be. Speaking of which Mark will be staying on a bit longer now but will be leaving in due time. I think he will be there until his replacement is in place.
The annual meeting in March is going to be very interesting and what happens there is going to set the direction for awhile where the stock goes. Pairing Icahn and Canyon Partners together is huge.
If you are still holding the stock, continue to hold. The cash register is going to be overflowing with cash soon, it's just a matter of when not if.
I think that agenda will include board members of which maybe Icahn could be one of them. If that is the case I am certain he will have a large say on who the next CEO will be. Speaking of which Mark will be staying on a bit longer now but will be leaving in due time. I think he will be there until his replacement is in place.
The annual meeting in March is going to be very interesting and what happens there is going to set the direction for awhile where the stock goes. Pairing Icahn and Canyon Partners together is huge.
If you are still holding the stock, continue to hold. The cash register is going to be overflowing with cash soon, it's just a matter of when not if.
Another opinion to the contrary.
[FONT="]<header id="SideTop-0-HeadComponentTitle" class="canvas-header" data-yaft-module="tdv2-applet-CommonHeader" data-reactid="2">[h=1]A Caesars Entertainment Buyout Doesn't Make Any Sense[/h]</header>
Travis Hoium, The Motley Fool
Motley Fool<time class="date Fz(11px) Mb(4px) D(ib)" datetime="2019-02-26T23:58:00.000Z" itemprop="datePublished" data-reactid="15" style="display: inline-block; zoom: 1; font-size: 11px; margin-bottom: 4px;">February 26, 2019</time>
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[FONT="]<article itemprop="articleBody" data-uuid="0fa2da3b-09de-363c-a8e7-7817de81cbb4" data-type="story" data-reactid="9">Hedge funds and activist investors continue to circle Caesars Entertainment (NASDAQ: CZR), a regular target for large investors over the past 15 years. This time around, Las Vegas regular Carl Icahn has taken a more than 10% stake in the company, hoping to work a deal to sell to another investor.
Between Icahn, Canyon Capital Advisors, Apollo Global Management, and Pacific Investment Management, nearly one-third of the company's shares are held in a few managers' hands. They could push to make a deal, but even if they do, the gains may be short-lived and put Caesars in a more precarious position long term.
<figure class="canvas-image Mx(a) canvas-atom My(24px) My(20px)--sm Ta(c)" data-type="image" itemscope="" itemprop="associatedMedia image" itemtype="http://schema.org/ImageObject" data-reactid="13" style="margin: 24px auto; text-align: center; max-width: 100%;">
View photos
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<figcaption class="C($c-fuji-grey-h) Fz(13px) Py(5px) Lh(1.5)" title="Las Vegas sign at sunset." data-reactid="29" style="color: rgb(118, 125, 132); font-size: 13px; line-height: 1.5; padding-top: 5px; padding-bottom: 5px;">Las Vegas sign at sunset.
</figcaption><button class="C($c-fuji-blue-1-b) Cur(p) W(100%) T(63px) Bgc(#fff) Ta(start) Fz(13px) P(0) Bd(0) O(0) Lh(1.5) Pos(a)" data-reactid="31" style="background-color: rgb(255, 255, 255); overflow: visible; margin: 0px; cursor: pointer; font-size: 13px; line-height: 1.5; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; border-width: 0px; border-style: initial; border-color: initial; color: rgb(0, 129, 242); outline: 0px; top: 63px; padding: 0px; position: absolute; text-align: left; width: 600px;">More</button>
</figure>Image source: Getty Images.
[h=2]What Icahn sees in Caesars Entertainment[/h]Let's be clear: Icahn is trying to push for a quick sale of Caesars to another buyer -- he isn't trying to buy the company himself.
The buyer who seems to be the most interested in buying Caesars is Tilman Fertitta, owner of the Golden Nugget in Las Vegas. Fertitta's empire started in restaurants and now includes the Rainforest Cafe, McCormick & Schmick's, and Joe's Crab Shack under the Landry's umbrella.
As big as Landry's is as a restaurant chain and casino operator, it would be a big deal to swallow Caesars Entertainment's $7.5 billion in net debt and $6.1 billion market cap. Either Fertitta will have to add tremendous debt to buy out the company (which seems unlikely) or it would be a complex merger bringing Caesars and the Golden Nugget together. Outside of giving Fertitta a large stake in Caesars in something like a reverse merger with the Golden Nugget, it's not clear what the company would gain by adding more properties off the Las Vegas Strip. And it's not at all clear that Fertitta would be able to pay cash in any deal for Caesars, especially given the company's debt load and recent history in bankruptcy court.
<figure class="canvas-image Mx(a) canvas-atom My(24px) My(20px)--sm Op(.9):h Trsdu(.2s) Ta(c)" data-type="image" itemscope="" itemprop="associatedMedia image" itemtype="http://schema.org/ImageObject" data-reactid="40" style="margin: 24px auto; text-align: center; transition-duration: 0.2s; max-width: 100%;">
<figcaption class="C($c-fuji-grey-h) Fz(13px) Py(5px) Lh(1.5)" title="CZR Market Cap Chart" data-reactid="47" style="color: rgb(118, 125, 132); font-size: 13px; line-height: 1.5; padding-top: 5px; padding-bottom: 5px;">CZR Market Cap Chart
</figcaption><button class="C($c-fuji-blue-1-b) Cur(p) W(100%) T(63px) Bgc(#fff) Ta(start) Fz(13px) P(0) Bd(0) O(0) Lh(1.5) Pos(a)" data-reactid="49" style="background-color: rgb(255, 255, 255); overflow: visible; margin: 0px; cursor: pointer; font-size: 13px; line-height: 1.5; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; border-width: 0px; border-style: initial; border-color: initial; color: rgb(0, 129, 242); outline: 0px; top: 63px; padding: 0px; position: absolute; text-align: left; width: 600px;">More</button>
</figure>CZR Market Cap data by YCharts.
The other suitor, according to The Wall Street Journal, is Eldorado Resorts (NASDAQ: ERI), a high-flying casino company that's expanded since the financial crisis by acquiring competitors at a rapid clip. Buying Caesars, which is bigger than Eldorado, would continue the high-risk, high-reward strategy. But given how little in EBITDA (a proxy for cash flow from resorts) that Eldorado brings to the table and its high debt load, it seems like Caesars would be saddled with even more leverage from a merger. Is more debt really what Caesars wants in a stock-for-stock merger deal?
<figure class="canvas-image Mx(a) canvas-atom My(24px) My(20px)--sm Op(.9):h Trsdu(.2s) Ta(c)" data-type="image" itemscope="" itemprop="associatedMedia image" itemtype="http://schema.org/ImageObject" data-reactid="59" style="margin: 24px auto; text-align: center; transition-duration: 0.2s; max-width: 100%;">
<figcaption class="C($c-fuji-grey-h) Fz(13px) Py(5px) Lh(1.5)" title="ERI Market Cap Chart" data-reactid="66" style="color: rgb(118, 125, 132); font-size: 13px; line-height: 1.5; padding-top: 5px; padding-bottom: 5px;">ERI Market Cap Chart
</figcaption><button class="C($c-fuji-blue-1-b) Cur(p) W(100%) T(63px) Bgc(#fff) Ta(start) Fz(13px) P(0) Bd(0) O(0) Lh(1.5) Pos(a)" data-reactid="68" style="background-color: rgb(255, 255, 255); overflow: visible; margin: 0px; cursor: pointer; font-size: 13px; line-height: 1.5; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; border-width: 0px; border-style: initial; border-color: initial; color: rgb(0, 129, 242); outline: 0px; top: 63px; padding: 0px; position: absolute; text-align: left; width: 600px;">More</button>
</figure>ERI Market Cap data by YCharts
In both cases, a sale to smaller casino companies could leave Caesars in a weaker position shortly after it emerged from a decade that included many rounds of debt refinancing and a bankruptcy of its own. It's not hard to see why Caesars Entertainment's board of directors has brushed off acquisition offers thus far, no matter how much pressure activists bring.
[h=2]How Caesars can get its mojo back[/h]As much as Caesars may be better of on its own, the company has a lot to prove to investors. Its stock has struggled for the past year in large part because the company's operations have stalled. Organic revenue was flat in 2018, which investors don't like when paying for a highly leveraged stock.
To turn around, Caesars needs to show that it can grow organically. Overall growth in the U.S. gaming market would help, but the more immediate impact may come from nongaming resorts in Dubai, Mexico, and Arizona. These resorts require very little capital from Caesars and provide revenue and cash flow. Problem is, it could take years for those resorts to start affecting operations, and the delay could keep the stock from getting its mojo back.
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[FONT="]<header id="SideTop-0-HeadComponentTitle" class="canvas-header" data-yaft-module="tdv2-applet-CommonHeader" data-reactid="2">[h=1]A Caesars Entertainment Buyout Doesn't Make Any Sense[/h]</header>
Travis Hoium, The Motley Fool
Motley Fool<time class="date Fz(11px) Mb(4px) D(ib)" datetime="2019-02-26T23:58:00.000Z" itemprop="datePublished" data-reactid="15" style="display: inline-block; zoom: 1; font-size: 11px; margin-bottom: 4px;">February 26, 2019</time>
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[FONT="]<article itemprop="articleBody" data-uuid="0fa2da3b-09de-363c-a8e7-7817de81cbb4" data-type="story" data-reactid="9">Hedge funds and activist investors continue to circle Caesars Entertainment (NASDAQ: CZR), a regular target for large investors over the past 15 years. This time around, Las Vegas regular Carl Icahn has taken a more than 10% stake in the company, hoping to work a deal to sell to another investor.
Between Icahn, Canyon Capital Advisors, Apollo Global Management, and Pacific Investment Management, nearly one-third of the company's shares are held in a few managers' hands. They could push to make a deal, but even if they do, the gains may be short-lived and put Caesars in a more precarious position long term.
<figure class="canvas-image Mx(a) canvas-atom My(24px) My(20px)--sm Ta(c)" data-type="image" itemscope="" itemprop="associatedMedia image" itemtype="http://schema.org/ImageObject" data-reactid="13" style="margin: 24px auto; text-align: center; max-width: 100%;">
<svg class="Cur(p)" width="15" style="fill:#fff;stroke:#fff;stroke-width:0;vertical-align:bottom;" height="15" viewBox="0 0 48 48" data-icon="gallery" data-reactid="26">
</path></svg>
<figcaption class="C($c-fuji-grey-h) Fz(13px) Py(5px) Lh(1.5)" title="Las Vegas sign at sunset." data-reactid="29" style="color: rgb(118, 125, 132); font-size: 13px; line-height: 1.5; padding-top: 5px; padding-bottom: 5px;">Las Vegas sign at sunset.
</figcaption><button class="C($c-fuji-blue-1-b) Cur(p) W(100%) T(63px) Bgc(#fff) Ta(start) Fz(13px) P(0) Bd(0) O(0) Lh(1.5) Pos(a)" data-reactid="31" style="background-color: rgb(255, 255, 255); overflow: visible; margin: 0px; cursor: pointer; font-size: 13px; line-height: 1.5; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; border-width: 0px; border-style: initial; border-color: initial; color: rgb(0, 129, 242); outline: 0px; top: 63px; padding: 0px; position: absolute; text-align: left; width: 600px;">More</button>
</figure>Image source: Getty Images.
[h=2]What Icahn sees in Caesars Entertainment[/h]Let's be clear: Icahn is trying to push for a quick sale of Caesars to another buyer -- he isn't trying to buy the company himself.
The buyer who seems to be the most interested in buying Caesars is Tilman Fertitta, owner of the Golden Nugget in Las Vegas. Fertitta's empire started in restaurants and now includes the Rainforest Cafe, McCormick & Schmick's, and Joe's Crab Shack under the Landry's umbrella.
As big as Landry's is as a restaurant chain and casino operator, it would be a big deal to swallow Caesars Entertainment's $7.5 billion in net debt and $6.1 billion market cap. Either Fertitta will have to add tremendous debt to buy out the company (which seems unlikely) or it would be a complex merger bringing Caesars and the Golden Nugget together. Outside of giving Fertitta a large stake in Caesars in something like a reverse merger with the Golden Nugget, it's not clear what the company would gain by adding more properties off the Las Vegas Strip. And it's not at all clear that Fertitta would be able to pay cash in any deal for Caesars, especially given the company's debt load and recent history in bankruptcy court.
<figure class="canvas-image Mx(a) canvas-atom My(24px) My(20px)--sm Op(.9):h Trsdu(.2s) Ta(c)" data-type="image" itemscope="" itemprop="associatedMedia image" itemtype="http://schema.org/ImageObject" data-reactid="40" style="margin: 24px auto; text-align: center; transition-duration: 0.2s; max-width: 100%;">
<figcaption class="C($c-fuji-grey-h) Fz(13px) Py(5px) Lh(1.5)" title="CZR Market Cap Chart" data-reactid="47" style="color: rgb(118, 125, 132); font-size: 13px; line-height: 1.5; padding-top: 5px; padding-bottom: 5px;">CZR Market Cap Chart
</figcaption><button class="C($c-fuji-blue-1-b) Cur(p) W(100%) T(63px) Bgc(#fff) Ta(start) Fz(13px) P(0) Bd(0) O(0) Lh(1.5) Pos(a)" data-reactid="49" style="background-color: rgb(255, 255, 255); overflow: visible; margin: 0px; cursor: pointer; font-size: 13px; line-height: 1.5; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; border-width: 0px; border-style: initial; border-color: initial; color: rgb(0, 129, 242); outline: 0px; top: 63px; padding: 0px; position: absolute; text-align: left; width: 600px;">More</button>
</figure>CZR Market Cap data by YCharts.
The other suitor, according to The Wall Street Journal, is Eldorado Resorts (NASDAQ: ERI), a high-flying casino company that's expanded since the financial crisis by acquiring competitors at a rapid clip. Buying Caesars, which is bigger than Eldorado, would continue the high-risk, high-reward strategy. But given how little in EBITDA (a proxy for cash flow from resorts) that Eldorado brings to the table and its high debt load, it seems like Caesars would be saddled with even more leverage from a merger. Is more debt really what Caesars wants in a stock-for-stock merger deal?
<figure class="canvas-image Mx(a) canvas-atom My(24px) My(20px)--sm Op(.9):h Trsdu(.2s) Ta(c)" data-type="image" itemscope="" itemprop="associatedMedia image" itemtype="http://schema.org/ImageObject" data-reactid="59" style="margin: 24px auto; text-align: center; transition-duration: 0.2s; max-width: 100%;">
<figcaption class="C($c-fuji-grey-h) Fz(13px) Py(5px) Lh(1.5)" title="ERI Market Cap Chart" data-reactid="66" style="color: rgb(118, 125, 132); font-size: 13px; line-height: 1.5; padding-top: 5px; padding-bottom: 5px;">ERI Market Cap Chart
</figcaption><button class="C($c-fuji-blue-1-b) Cur(p) W(100%) T(63px) Bgc(#fff) Ta(start) Fz(13px) P(0) Bd(0) O(0) Lh(1.5) Pos(a)" data-reactid="68" style="background-color: rgb(255, 255, 255); overflow: visible; margin: 0px; cursor: pointer; font-size: 13px; line-height: 1.5; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; border-width: 0px; border-style: initial; border-color: initial; color: rgb(0, 129, 242); outline: 0px; top: 63px; padding: 0px; position: absolute; text-align: left; width: 600px;">More</button>
</figure>ERI Market Cap data by YCharts
In both cases, a sale to smaller casino companies could leave Caesars in a weaker position shortly after it emerged from a decade that included many rounds of debt refinancing and a bankruptcy of its own. It's not hard to see why Caesars Entertainment's board of directors has brushed off acquisition offers thus far, no matter how much pressure activists bring.
[h=2]How Caesars can get its mojo back[/h]As much as Caesars may be better of on its own, the company has a lot to prove to investors. Its stock has struggled for the past year in large part because the company's operations have stalled. Organic revenue was flat in 2018, which investors don't like when paying for a highly leveraged stock.
To turn around, Caesars needs to show that it can grow organically. Overall growth in the U.S. gaming market would help, but the more immediate impact may come from nongaming resorts in Dubai, Mexico, and Arizona. These resorts require very little capital from Caesars and provide revenue and cash flow. Problem is, it could take years for those resorts to start affecting operations, and the delay could keep the stock from getting its mojo back.
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can never go broke taking a profit
. CZR
6 month daily
8 EMA is the curved line
a cool tool (not the ONLY tool to use, of course) to use as to decide when to get out of a swing trade is the 8 EMA. If the stock price CLOSES below the 8 EMA get out (this is seen late in the trading day). No thinking, end of story. Can always get back in , even the next day if one likes the candle, etc etc. ..................yesterday's candle and close was going to make today a big day; it closed AT the resistance zone (drawing a horizontal best fit line/zone from the 11 days of consolidation in Jan ) , did NOT break it AND volume was decreasing as depicted at the bottom-- both these likely signaling the sellers are losing steam, but certainly NOT a candle to buy on. Today changed things-- INCREASED volume and broke the resistance zone (stops were triggered)....................price wont get too far from the 8 EMA without rebounding, also severely oversold. Look for swing low to develop then get back in , assuming still like the story. It's 50 SMA is at $8.27, this level could very well serve as a bounce/wall
6 straight red candles, just like late Dec before she bounced. DONT like the higher vol today and that she broke support.....will be fun to see tomorrow's candle at 3:50pm
(this chart rubbish is for short term playing not those who r in long, of course)
gl
the day is still young but clearly it did not form a lower low, no red candle, .....on its intra-day chart (the 5 min candlestick chart) its trying to break a resistance level for the THIRD time..3rd times' the charm?
let's see how she closes, but good day so far....on the MACD we may get a cross of the signal line today or tomorrow ,would be real good. Again severely oversold.
let's see how she closes, but good day so far....on the MACD we may get a cross of the signal line today or tomorrow ,would be real good. Again severely oversold.
cheers Recon, whatcha like in the market?.....don't want to send this thread on a tangent, nonetheless , feel this market is toppy. DIA, SPY, QQQ all approaching resistance levels. qqq, spy both finished with doji's on friday- can often act as a pivot points of a swing high/low. Sold ATM calls on the SPY a week ago. I'll be surprised if called away, ......taking the premium ....of course a break above the resistance levels and BOOM!!!!
great action on czr for shareholders!!
when taking a position (trying to stack probability on ur side) for a swing low ;
one could have takin' a position on thursday at 3;50pm , an attractive candle, say 1/3rd size. Then added the next day if it formed a higher high and higher low. Another way to have done it , is buy Friday with a limit buy order a few pennies higher than thursday's high for the day. .....................stop loss would be just under Wed's close (OR the 50 sma if want to give oneself more leeway)- GOTTA HAVE A STOP LOSS....anyway looking good , macd cross has indeed occured and she reclaimed the 8 ema. Resistance is at the recent high 9.80 ish and its 200 sma- (it violently bounced below it at said recent high)- takes that out and i'd add .........its all fun and games until someone loses a tooth.......
....of course a break above the resistance levels and BOOM!!!!great action on czr for shareholders!!
when taking a position (trying to stack probability on ur side) for a swing low ;
one could have takin' a position on thursday at 3;50pm , an attractive candle, say 1/3rd size. Then added the next day if it formed a higher high and higher low. Another way to have done it , is buy Friday with a limit buy order a few pennies higher than thursday's high for the day. .....................stop loss would be just under Wed's close (OR the 50 sma if want to give oneself more leeway)- GOTTA HAVE A STOP LOSS....anyway looking good , macd cross has indeed occured and she reclaimed the 8 ema. Resistance is at the recent high 9.80 ish and its 200 sma- (it violently bounced below it at said recent high)- takes that out and i'd add .........its all fun and games until someone loses a tooth.......
cheers Recon, whatcha like in the market?.....don't want to send this thread on a tangent, nonetheless , feel this market is toppy. DIA, SPY, QQQ all approaching resistance levels. qqq, spy both finished with doji's on friday- can often act as a pivot points of a swing high/low. Sold ATM calls on the SPY a week ago. I'll be surprised if called away, ......taking the premium
great action on czr for shareholders!!
when taking a position (trying to stack probability on ur side) for a swing low ;
one could have takin' a position on thursday at 3;50pm , an attractive candle, say 1/3rd size. Then added the next day if it formed a higher high and higher low. Another way to have done it , is buy Friday with a limit buy order a few pennies higher than thursday's high for the day. .....................stop loss would be just under Wed's close (OR the 50 sma if want to give oneself more leeway)- GOTTA HAVE A STOP LOSS....anyway looking good , macd cross has indeed occured and she reclaimed the 8 ema. Resistance is at the recent high 9.80 ish and its 200 sma- (it violently bounced below it at said recent high)- takes that out and i'd add .........its all fun and games until someone loses a tooth.......
agree with SPY possibly taking a breather soon - - will be watching on Monday to see if it has a red day following that friday doji ...
been making $$$ lately on stock options on ROKU / SMAR / TLRY . For the next couple of weeks some stocks that I have on my radar to possibly drop are : NUE / NTES / LOW / MRK
