2024.07.19
doubledown casino blackjackBut the gaming equity could put the hurt on bearish traders. Wolf’s closure order runs through at least the end of the month. But the gaming equity could put the hurt on bearish traders. lucky tiger casino no deposit code(Image: Reuters)Recent data indicate Wynn joins Carnival Corp. The investment plans also called for an additional 42,000 square feet of convention space.That’s not all. In the wake of the COVID-19 pandemic that’s bludgeoning travel and leisure equities, casino and cruise line operators are among bearish traders’ favored destinations.With first-quarter earnings season in full swing and economic data deteriorating rapidly, short positions in virus-sensitive consumer cyclical stocks could be rewarded.When we see a strong move in one direction, where we think the fundamentals and the news can turn ugly, especially during an earnings cycle, we think that’s an opportunity where we could see a 5,10% selloff again,” said Jerry Braakman, chief investment officer at First American Trust, in an interview with the Wall Street Journal.Short sellers borrow shares on margin and look to buy the stock back at a later time at a lower price. clearwater casino wenatchee luckyland slots winnersmorongo casino 2021(NYSE:MAR) among shorts’ preferred COVID-19 bets. (NYSE:CCL), Royal Caribbean Cruises Ltd. But it’s getting harder for some of those traders to hold onto those bearish tickets.Over the past month, shares of the Encore operator are higher by 82.38 percent, and the stock is up 116 percent from its 52-week low. chukchansi casino onlineBecause of Governor Tom Wolf’s (D) closure order of all nonessential businesses, the state’s brick-and-mortar casinos have been shuttered since mid-March.As a result, gross gaming revenue (GGR) plunged 51 percent in March. 2 Machine Shop to transform the historic building into an indoor water park and 400-room hotel.Casinos Go DarkPennsylvania has the fourth-most cases of COVID-19 in the US at 33,232 positive tests and 1,204 deaths. (NYSE:CCL), Royal Caribbean Cruises Ltd. free slots slotomania no deposit bonus codes for wild vegas casinocool cats casino game(Image: Reuters)Recent data indicate Wynn joins Carnival Corp. (Image: Reuters)Recent data indicate Wynn joins Carnival Corp. Wolf’s closure order runs through at least the end of the month. But it’s getting harder for some of those traders to hold onto those bearish tickets.Over the past month, shares of the Encore operator are higher by 82.38 percent, and the stock is up 116 percent from its 52-week low. “These are short sellers that are incurring losses while paying a steep premium to stay in those equities.”No gaFor traders betting against Wynn, there is snew slots 2021 free casino games slot machinesome good news: the stock isn’t viewed as one of the most vulnerable to a short squeeze – the scenario where bearish traders are forced to cover their positions, likely at losses.“The stocks most susceptible to short squeezes are those with high stock borrow costs and large mark-to-market losses,” said S3 Partners Managing Director Ihor Dusaniwsky in a note out last week. black lotus casino no deposit bonus roulette casino video |