Wall Street Manna

An irreverent look at Wall Street

Friday, May 15, 2009

Goldman raises casino stocks price targets

The target on MGM went up from $1 to $6.50-what a joke.
The target on LVS went up from $4.50 to $8.25--another joke.
The target on WYNN went up from $26 to $39.

Just another bearish analyst that was wrong, that is dragged, kicking and screaming, to a more bullish viewpoint. And protesting the entire way.

Why couldn't Goldman help investors out when the first two numbers were under $2?

A bearish macro viewpoint!

5 Comments:

At May 15, 2009 at 1:40 PM , Anonymous Anonymous said...

are you still holding FAS and MGM today?

 
At May 15, 2009 at 11:58 PM , Anonymous Anonymous said...

did you buy BDK that you wanted to buy few days ago?

 
At May 16, 2009 at 8:55 AM , Blogger Palmoni said...

Yeh, I own BDK, but wrote against the MGM and FAS Thursday on the spike-so MGM was called away-basis lowered on FAS.

Sold POT though-I had too much ag and material exposure, and bought STI at 15.

Market is getting a little harder!

 
At May 17, 2009 at 12:05 PM , Anonymous Anonymous said...

are you still holding any other banks like fitb, hban, and key?

 
At May 17, 2009 at 5:26 PM , Blogger Palmoni said...

holding all of them

 

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