Jul. 10 at 5:25 PM
$MLCO
$WYNN $LVS $MGM
sold out my swing yesterday at
$8.88 (8 is a lucky number in the Chinese world, so fun to let them have it on a jump), quite sure I would be able to buy it cheaper near term...
Just bought two lots of 10k shares at
$8.75.
Yesterday Citi analyst upped his PT to
$11... imo it will soon be
$15+ unless GGRev trend collapses. See my posts from last week for discussion on GGR -- almost back to pre-covid's complete shutdown levels.
As noted last week, LVS and WYNN have recaptured 2/3s of the pre covid level -- MLCO is still trading at just 1/3 of that (
$25) so a crank to
$15/sh is just a catch-up trade. Ask any Chinese player (95% of Macau gamers) and they will tell you, MLCO's City of Dreams and Studio City are the two favorite venues on Macau.
