12/03/2014 – Wynn Resorts

Issued: 12/01/2014

Wynn resorts, WYNN:

1. Since the week of Nov. 17 it was noted that Wynn Resorts (then trading at $179) would likely decline further and test/attempt $170/$69 into the week of Dec. 8 (+/-1 week). Today’s (Mon. Dec. 1) Wynn session closed at $174.50.

2. At this point, aggressive can consider Wynn a ‘Sell’ for partial exit at/near $172, then at/near $170. Any remaining position should held for the possibility of lower prices to be messaged in a subsequent update. Will update.

David Williams

Issued: 12/03/2014

Wynn resorts, WYNN:

1. Since the week of Nov. 17 it was noted that Wynn Resorts (then trading at $179.00) would decline further and test/attempt $170/$69 into the week of Dec. 8 (+/-1 week). This week’s Mon. Dec. 1 session Wynn session closed at $174.50.

2. Wynn Resorts was then indicated as an aggressive ‘Sell’ from $174.50 for a decline to $170/$69. Partial short position exit were instructed to be taken at $172.00.

3. Today’s Wynn Resorts completed the forecast $170.00 downside target (session low, $170.01, so far).This completes the trade. However, aggressive can continue to hold for the possibility of lower prices and a trend following exit.

4. Our protective stop has been lowered to $173.60 if holding for a trend following exit.

David Williams

Issued: 12/04/2014

Wynn resorts, WYNN:

1. Aggressive shorts in WYNN can move their protective buy stop down to $171.50.

2. Although not an outright forecast for the following, the next important downside target is $165/$64. Final short position exit should be taken at/near those levels.

David Williams

Issued: 12/04/2014

Wynn resorts, Wynn:

1. Today’s (Thursday, Dec. 4) earlier Wynn resorts report indicated that aggressive shorts could continue to hold for the possibility of a $165/$64 final downside profit target. The current price was at/near $167.00.

2. Shortly after the above report was sent out Wynn resorts declined to a session low of $164.51, completing the trade. Will message any further entry or indication in Wynn resorts

David Williams