Shonuff
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If you look at the past shutdowns, it looks like that's not going to happen. I'm all in, only have 3% cash right now. We'll see.
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Investing General Discussion
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Sanrith Descartes
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ToeMissile
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Sanrith Descartes
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Cramer had the CEO of WYNN on...
Maddox spent most of the interview reassuring investors that China's crackdown on Macau will not derail gambling in the region or put shareholders at risk. He said the proposed changes are not punitive, they're practical. They're designed with the health and stability of Macau in mind and they will likely make Macau just as regulated as Las Vegas is here in the U.S.
Turning his focus closer to home, Maddox said that gambling and tourism is beginning to return to both Las Vegas and Boston. Travel picked up almost instantly once restrictions were lifted between the U.S. and the U.K., he said, and the rest of Europe will do the same as their economies reopen.
Executive Decision: Wynn Resorts
In his first "Executive Decision" segment, Cramer spoke with Matt Maddox, CEO of Wynn Resorts (WYNN) - Get Wynn Resorts, Limited (WYNN) Report, the casino operator with properties in Las Vegas, Boston and Macau in China. Shares of Wynn are up 19% for the year.Maddox spent most of the interview reassuring investors that China's crackdown on Macau will not derail gambling in the region or put shareholders at risk. He said the proposed changes are not punitive, they're practical. They're designed with the health and stability of Macau in mind and they will likely make Macau just as regulated as Las Vegas is here in the U.S.
Turning his focus closer to home, Maddox said that gambling and tourism is beginning to return to both Las Vegas and Boston. Travel picked up almost instantly once restrictions were lifted between the U.S. and the U.K., he said, and the rest of Europe will do the same as their economies reopen.
Sanrith Descartes
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Jimmy Chill is losing it. "I want NOTHING other than to stop the lies and sodomy jokes that are driving the good people away"
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Big Phoenix
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Sanrith Descartes
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Big Phoenix
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Jysin
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Even if Evergrande wasn't blowing up, I would expect a bit of a weak Friday. Some profit taking going into a weekend from the big run we have had the last 2 days.
I booked a ton of profit yesterday on my swing bargains from the Monday / Tuesday dip buys. I am back to about 75% cash, ready to reload the boat if we get some more selling today. Ideally, we want things like NCLH / DAL to pull back to retest & hold those macro pivot / trend line breakouts that I posted during the week. The best chance of a continued move higher is to retest and hold those levels for the bigger moves to come. Looking to put some buy orders if we see any measurable pullbacks to those levels. On the flip side, if we fail these again, it is likely going to be a strong pull to the downside. Always have a trade plan for either outcome.
I booked a ton of profit yesterday on my swing bargains from the Monday / Tuesday dip buys. I am back to about 75% cash, ready to reload the boat if we get some more selling today. Ideally, we want things like NCLH / DAL to pull back to retest & hold those macro pivot / trend line breakouts that I posted during the week. The best chance of a continued move higher is to retest and hold those levels for the bigger moves to come. Looking to put some buy orders if we see any measurable pullbacks to those levels. On the flip side, if we fail these again, it is likely going to be a strong pull to the downside. Always have a trade plan for either outcome.
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Sanrith Descartes
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I mentioned that the "Evergrande is paying their interest payment on Thursday" was probably bullshit so the big players could get out on a spike up.
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Sanrith Descartes
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One thing we dont discuss enough (we talk plenty about finding buy-in prices) is knowing when its time to get out. Just like I play the technicals to enter, I play the technicals to leave. I didn't enjoy eating a loss and closing out BABA at $186 (at a loss of $14 a share), but the data wasn't supporting the stock. Rule of thumb: Don't be emotional when its time to buy and don't be emotional when its time to sell. Just do it.
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Sanrith Descartes
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COIN might be on sale today...
www.marketwatch.com
Crypto Crumbles. What China’s Ban Means for Digital Currencies.
The world's second-largest economy has issued a new ban on cryptos, pushing Bitcoin and other digital tokens deeper into correction territory.
www.marketwatch.com
TJT
Mr. Poopybutthole
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Fuck yeah.
Sanrith Descartes
, I need to actually do better at exiting and entering at lower points. I almost never ever do it because I have no problem riding it out for years and I don't have so much time to analyze stuff for long periods. As much as I would like to.
I am cognizant enough to recognize that when the market is deep red I start buying shit. Especially primo stocks that hit around their 52 week low.
Sanrith Descartes
, I need to actually do better at exiting and entering at lower points. I almost never ever do it because I have no problem riding it out for years and I don't have so much time to analyze stuff for long periods. As much as I would like to.I am cognizant enough to recognize that when the market is deep red I start buying shit. Especially primo stocks that hit around their 52 week low.
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Shonuff
Mr. Poopybutthole
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Everyone knows how to pick winners, but no one knows when to sell. I used to never sell. I used to like looking at the gain percent and patting myself on the back. But hey, when your long term holding gets too much MOMO, it's gotta go.
Shonuff
Mr. Poopybutthole
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I hopped back on JETS in the premarket just now. I saw the covid counts and that was enough.
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swayze22
Elite
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Invest opposite of his advice
cramer is so cringe - too much persona makes him an easy target