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<p>[QUOTE="medoraman, post: 6669093, member: 26302"]Wynn is more of a Macau play, so legalized US gambling is not really too much of a concern. However, since LVS, (which I own), just announced they are selling the Venetian, it is a better Macau/Singapore pure play. </p><p><br /></p><p>Yeah, generically what you said about March 2020 is right, but as always details were sketchy. Many industries that should STILL be low rebounded on optimism way too early. I invested in the period, maybe 2/3rd of my cash, but I never borrow on margin. Even then there were surprises. I am shocked how well my miners are doing.</p><p><br /></p><p>However, I believe all three of us are in complete agreement that small investors always panic and sell at the worst times, and buy at the worst times. Right now, only ongoing stuff like 401k and Deferred Comp is going into the market, I am holding on to cash in my "play money" account. I think its 60/40 probability down versus up this year, but I am not convinced enough to sell all and sit on sidelines. I am just holding, collecting dividends and watching at the moment.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 6669093, member: 26302"]Wynn is more of a Macau play, so legalized US gambling is not really too much of a concern. However, since LVS, (which I own), just announced they are selling the Venetian, it is a better Macau/Singapore pure play. Yeah, generically what you said about March 2020 is right, but as always details were sketchy. Many industries that should STILL be low rebounded on optimism way too early. I invested in the period, maybe 2/3rd of my cash, but I never borrow on margin. Even then there were surprises. I am shocked how well my miners are doing. However, I believe all three of us are in complete agreement that small investors always panic and sell at the worst times, and buy at the worst times. Right now, only ongoing stuff like 401k and Deferred Comp is going into the market, I am holding on to cash in my "play money" account. I think its 60/40 probability down versus up this year, but I am not convinced enough to sell all and sit on sidelines. I am just holding, collecting dividends and watching at the moment.[/QUOTE]
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