I am bullish on MGM, BYD and LVS.
The Vegas gaming market has recovered. The Singapore market continues to surprise us with higher revenues.
With QE2 taking effect, it seems that the US is going to recover, and casinos will be back in business as consumers cheer up for the recovery.
BYD which is focused in many parts of USA should benefit from this.
TECHNICALS are great for all the casino stocks (including WYNN, MPEL).
Here are the technical charts for MGM, BYD and LVS.
This is the casino play again. It did well in the early January of 2010, it might repeat this craze again soon. Especially BYD which is lagging behind.
BUYING all casino stocks again.
2 comments:
what about Best Buy bro...any thoughts?
Best buy... I will check that out. Is USA Consumerism back?
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