Wynn Resorts (WYNN) “Short” Follow Up
October 27, 2009 2:58 pm
If you have been reading along, you would have scooped up two short calls that we made on Wynn Resorts (WYNN). The most recent was last week when we identified conditions that we found to be troubling for the casino operator. (Click HERE)
To top it off, Steve Wynn said in today’s conference call: “… it will not be expanding in the U.S. until management understands what is going on in the country.“
Interesting discussion from last week as Steve Wynn shows his disdain for the U.S. government’s current course.
We covered the shares today for clients at a 9% gain from the position and will look to short again if it moves toward $62.
Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.
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