Isle of Capri Casinos (NASDAQ:ISLE)
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The Company is a developer, owner and operator of gaming facilities and related lodging and entertainment facilities in regional markets in the United States and Internationally.
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I closed this one down a few weeks ago when it dropped to $2.70 thinking it might get an irrational rebound....irrational, someone is boosting this stock excessively. From a technicals perspective it is on the rebound and begging to be bought. From a fundamentals standpoint, it's worse off than when I dumped it at $2.70 and is back up to $3.40. From a technicals stanpoint I should let it alone...but heck, when was I ever a technical person when it clashes with fundamentals. Back in again with my red thumb. You gotta know when to hold 'em, know when to fold 'em, know when to walk away, know when to RUN!!!! (Just be glad you can't hear me singing from where you are!!). Despite the three Goldstein Brothers buying up a quarter million shares of Isle, things aren't looking too good on that Isle of Capri....Capri has 18 casino's and a race track in Florida, I don't here much 'kaching" going on right now in those high traffic tourist areas. Maybe I'm too soon, New Orleans might be booming in Feb for Mardi Gras or the Goldsteins may have another ACE up their sleeves, but I'm betting they can't prop this beast up for the next year plus of economic gloom we will be having.