Take a look at these year/over/year statistics for Vegas for February:
http://www.lvcva.com/getfile/ES-Feb2009.pdf?fileID=37
Convention attendance down 34%
Average Daily Room Rate $ down 23%
Overall Visitor volume down 8%
Room supply up 3.9%
Gaming Revenue down 17.9%
In short -- SHORT the gaming stocks. Once this bull move is over in the market, these stocks are going back down, again.
Oh, and visit vegas. We are -- paying only $140 a night to stay at the Bellagio -- a STEAL!
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When the market turns, these guys are going to get DESTROYED.
ReplyDeleteThe problem is, they were all up 15-20% today, and yesterday, and the day before. It is like shorting the REITS, one day they will collapse again but being early will destroy you.