I entered a long trade on CZR as it was reported that Nevada Casinos had a record 18% gaming win growth in January and Macau gaming revenue rose 33% in February.
Price had also crossed the resistance line of 51 and if it goes well should continue it's move up the range to 56.42
Whats The Plan/Trade/Thought
We have to adopt a Range market stance. When markets are going up with optimism , we will peg categories with strong fundamentals and a growth story as that will be where money will flow into.
Also if sentiment turns to fear, these strong categories with a growth story should be able to weather the fear sentiment better than most.
This hypothesis is tied to US companies that has a China opening growth story with a focus on service. Hence the Casino & Resorts category
Can You Trade The Opposite Side (Y/N)
No
Links
seekingalpha.com/new...in-growth-in-january
seekingalpha.com/new...uary-to-top-1b-again
Price had also crossed the resistance line of 51 and if it goes well should continue it's move up the range to 56.42
Whats The Plan/Trade/Thought
We have to adopt a Range market stance. When markets are going up with optimism , we will peg categories with strong fundamentals and a growth story as that will be where money will flow into.
Also if sentiment turns to fear, these strong categories with a growth story should be able to weather the fear sentiment better than most.
This hypothesis is tied to US companies that has a China opening growth story with a focus on service. Hence the Casino & Resorts category
Can You Trade The Opposite Side (Y/N)
No
Links
seekingalpha.com/new...in-growth-in-january
seekingalpha.com/new...uary-to-top-1b-again
Bình luận:
Added 2200 to the position so that we can average down and also CZR is getting some good Seeking Alpha articles that is aligned to my initial hypothesis on gaming