$65.37
-0.88 (-1.33%)
Wynn Resorts, Limited (WYNN)
CAPS Rating:
A developer, owner and operator of destination casino resorts.
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A developer, owner and operator of destination casino resorts.
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Big believer in Vegas in the long term. When we get to the long term is the real question. Short run, this might lag for a bit.
Wow. I agree 100% with this. Pretty rare I agree so much with the FOOLS here.Vegas isn't going away and will eventually come back once the economy gets going. Low gas prices and turbulence in places like Mexico will once again make Vegas attractive once there is some stability in the economy. Great for a long term investment.
Up 95% in about a month, I think this stock is ahead of itself. I'm leaving the pick open, because in the long term, I think the way to win CAPS is to get in on several outperformers (preferably dividend payers) at very low prices for the bulk of your points and then make short to medium term selective plays to improve your accuracy. WYNN may retest it's lows but I'm in at a price that I like to execute this strategy.I think the strategy employed by many top fools, including myself, of selecting entire sectors to underperform the market only works in the short term. With that strategy you'll only be able to increase your score linearly and you'll need to use the maximum number of picks to do so. It's a rat race that eventually you'll probably lose. Even if you're never wrong, eventually your points will raise so minimally to your total that it won't be worth it to continue making massive bets and you'll have so many picks that it'll be difficult to change your accuracy.