All posts by uranium-pinto-beans

It’s All Greek To Me

The Greek Crisis/ Drama/ Comedy, continues to astound.  Over the last six years the Greek Debt Crisis, according to the media, would have a negative outcome for U.S. stocks.  Yet the exact opposite has happened.

The Greek Drama is yet again front and center stage.  Will a Greek Default crush equity markets around the globe?  Financial stocks sure aren't trading like it.   Here is a run down of the Greek Crisis.  One thing is for certain... the Greek Crisis has been a boon for the financial media.

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A $WYNN Quickie

Amid this historic bull market lies many parabolic moves.  Stocks that are up 10-20 fold since the financial crisis. Wynn Resorts is such a stock.  It was trading for $10.22 in March of 2009.  Five years later the stock changed hands for over $240 share.  The stock has since crumbled to a recent $102 a share price.  Still a significant gain from $10 but more than 50% off its record highs.  As I've noted numerous times via live audio in the chat room at optionmillionaires.com ,  Wynn will already be in rally mode well before the herd joins the recovery.

Looking at a longer term perspective of the stock, it's more oversold than it was back in 2009 at $10.  That turned out to be an incredible buying opportunity.

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