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
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.