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Lazy Trade Long & Short: WYNN & CF

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September 12, 2012 – Comments (0) | RELATED TICKERS: WYNN , CF

It has been a while since I did some analysis on Wynn Resorts (WYNN) but right now it is in the process of forming an inverse head and shoulders pattern,and the last time I said that, it made some very nice gains for traders. Now WYNN finds itself in similar surroundings yet again, and there's a good chance I'll take a stab at a long position in this stock before the end of the day. 

I've also bought NLSN at $28.70 that is doing very well from this morning's action and plan to hold overnight. I'm waffling a bit though on my QIHU trade, which hindsight, I would've been better off booking the gains at the open when it spiked 6%. Ideally, I'd like to see it salvage the day and at least finish a couple percentage points higher. 

Here's today's Lazy Trades Long & Short:

LONG: Wynn Resorts (WYNN)

SHORT: CF Industries (CF)

 

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