PENN - Penn National Gaming

Discussion in 'Stock picks and trading strategies' started by deepinwonder, Sep 16, 2005.

  1. deepinwonder

    deepinwonder Active Member

    PENN was upgraded to a "buy," by Jeffries this morning (re: briefing.com.) Maybe it will take off, now, good luck!
     
  2. xboilermaker

    xboilermaker Member won weekly contest 2x

    Almost half my losses back so far today. Hoping that agreeing with Cramers logic pays off.
    Hope you didn't get any damages from Ophelias visit. Did some net surfing for info on Jeanne, the only one I ever experienced, and find there was 2 named Jeanne, '98 and '04. Never knew they did that.
     
  3. deepinwonder

    deepinwonder Active Member

    re: PENN

    No damages from Ophelia, except to my nerves. ;)

    I got a few shares of PENN this morning. Bush was saying last night that they are going to be giving breaks to businesses down in the Katrina zone, so maybe that will help this stock, too. I hope he was talking about MS and not just LA.
     
  4. xboilermaker

    xboilermaker Member won weekly contest 2x

    Most are down today, but we lucked out with PENN. Almost back even on AGI too!
     
  5. deepinwonder

    deepinwonder Active Member

    re: PENN

    Couldn't find any news to explain why this is diving again this morning when the market is going up. It was just upgraded this week and didn't have that big of a run afterward to explain profit taking. My stocks seem to go up and down, day by day or week by week, often for no apparent reason. If I'm going to keep doing this, I think I need to keep some smelling salts beside my computer. It's driving me nuts! :?

    I did get a big load of this, maybe I should dump half when it goes back up a little. I'm sure it will do better in the future, but I should probably spread myself out a little more just in case!!
     
  6. xboilermaker

    xboilermaker Member won weekly contest 2x

    I'm going to hang in, because Cramers theory on it seems logical. Could be worse I guess, could have had mgm past two days.
     
  7. deepinwonder

    deepinwonder Active Member

    It does make sense, except they won't be getting any revenue from Biloxi for a while and I'm not sure what all their business interruption insurance covers. It's hard to say what will happen at the next earnings report.

    Also, Blackhawk is a summer tourist place. In the winter, it's in one of the coldest, windiest spots in the mountains and not very close to a ski area. I used to live near there and darn near froze my butt off.

    (Edit: Sold and bought RIG. Don't know if that's dumb or not, maybe.)
     
  8. xboilermaker

    xboilermaker Member won weekly contest 2x

    Well, the Argosy deal has been approved by the IL Gaming Board. So when do I start getting my money back from Penn, Cramer?

    Removed most of this post, too nasty. Cramer has been an idiot about the casino sector. Now his "best" pick is still eating me up today, on an up day for the sector.
     
  9. deepinwonder

    deepinwonder Active Member

    I sold this a while back at $31.13 and it closed only two cents lower than that, today, so it's not doing so badly, considering all it's been going through, XB!! WYNN is up a dollar, today, but that is still $4 under where I got rid of it at.... much worse than PENN.

    Cramer hasn't brought PENN up, after all that pumping, he should at least keep track of what he's doing and throw in a "hang in there" or something, once in a while, if that's what he's thinking. (Edit: maybe I would like to learn more about foreign investments, hmmm... )

    I've sold off too many in tough times when I knew they were good, only to regret it later. If you are going to hang on to this, put it on the back burner and try not to worry so much. That's what I'm going to do with the one I have that is taking a beating for no good reason!!! (IMO)
     
  10. ChronicDDL

    ChronicDDL valued contributor won weekly contest 4x

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