Wynn

[lemonjello]

Why did you even mention an "ordinary dividend" for the $6 WYNN divy. Obviously you thought it was.

So you are saying this is not an "ordinary divy" but is still not being adjusted.

Is that the case?

I never said that. I said an ordinary dividend payout does not affect the strike price.

The SSF for WYNN is being reduced by $6 but the stock options are not. OPRA has a 10% threshold requirement before making a change and since $6 is less than 10% of the stock price, there will be no reduction or adjustment in the strike prices.

[lemonjello]

Ok. Time is up, the betting window is closed.

BTW, I've already made a nice donation to the Salvation Army. I highly recommend it.

[DSteckler]

Why did you even mention an "ordinary dividend" for the $6 WYNN divy. Obviously you thought it was.

So you are saying this is not an "ordinary divy" but is still not being adjusted.

Is that the case?

I was talking about options adjusting for dividend payouts in general, not WYNN specifically. Option strike prices will be adjusted if the stock's dividend, regular or special, is 10% or greater than the stock's price.

[IIC]

OK...I went to The WYNN today...Here's my report:

1) A "Wannabe" Bellagio...Nice flowers and fountains...but no comparison

2) Don't buy a drink...They cost more than my hotel room at The Excaliber

3) Nice marble modesty shields between the urinals...And check this...They have these "No Splash" pads in the urinals.

4) They need to post instructions on how to turn the faucets on...These are not your normal run of the mill motion sensors...After I figured it out I helped out 3 other guys get their hands washed.

5) Eat before you get here...You know how all the other fancy dancy hotels have at least one coffee shop...Well, the WYNN sorta has one...But with menu items over $30 I wouldn't really call it a coffee shop. Heck, the entree's in the nice restaurants were only $40.

6) They set up the shops so that you always come to a dead end and have to walk by all of the shops over again...Not a bad idea...But who can afford to buy anything anyway??? My wife saw a nice $1,200 pair of shoes...And I saw my first 40 karat diamond...Although I'm sure they have the same thing at Imposters over at Mandalay Bay for about 99% less...And then the have a Ferrari Dealership inside...But they didn't even have price tags on the little collector cars...I guess if you have to ask you can't afford it.

7) $300 minimum on the Blackjack tables!!!...And that was in the main casino...Wonder what it is over in the High Roller Area???...Maybe Dave knows???...However, they did have a few $15 min. tables.

8 )Except for the Poker Room...It was least crowded place I've been to so far...Maybe it is because they don't allow strollers in the hotel...What the heck kinda rule is that?...What???...Rich people don't have kids???

[lemonjello]

Nice report. That reminds me of something Wynn said on the conference call - something like - the small group of tables on the floor of the Macau casino is more profitable than their operations in LV. That's the general idea anyway. Operations in Macau could start taking away business from LV eventually if not already has done.

Macau is where it's at for Wynn. Unless China decides to clamp down it's going to be golden there for a long time.

I'm waiting for a pull back here. LVS might be an option too. Wynn + Macau + Asian gamblers = $$$$$$$$$.

OK...I went to The WYNN today...Here's my report:

1) A "Wannabe" Bellagio...Nice flowers and fountains...but no comparison

2) Don't buy a drink...They cost more than my hotel room at The Excaliber

3) Nice marble modesty shields between the urinals...And check this...They have these "No Splash" pads in the urinals.

4) They need to post instructions on how to turn the faucets on...These are not your normal run of the mill motion sensors...After I figured it out I helped out 3 other guys get their hands washed.

5) Eat before you get here...You know how all the other fancy dancy hotels have at least one coffee shop...Well, the WYNN sorta has one...But with menu items over $30 I wouldn't really call it a coffee shop. Heck, the entree's in the nice restaurants were only $40.

6) They set up the shops so that you always come to a dead end and have to walk by all of the shops over again...Not a bad idea...But who can afford to buy anything anyway??? My wife saw a nice $1,200 pair of shoes...And I saw my first 40 karat diamond...Although I'm sure they have the same thing at Imposters over at Mandalay Bay for about 99% less...And then the have a Ferrari Dealership inside...But they didn't even have price tags on the little collector cars...I guess if you have to ask you can't afford it.

7) $300 minimum on the Blackjack tables!!!...And that was in the main casino...Wonder what it is over in the High Roller Area???...Maybe Dave knows???...However, they did have a few $15 min. tables.

8 )Except for the Poker Room...It was least crowded place I've been to so far...Maybe it is because they don't allow strollers in the hotel...What the heck kinda rule is that?...What???...Rich people don't have kids???

[Runner]

WYNN has really melted up here and looks very bullish. I don’t buy breakouts but I come up a price target of around 104 longer term. Nice eye as I might see how it acts during a pullback.

I wonder if this will P/B and push to tgt or blast through it?

[lemonjello]

Weekly chart still looks strong. WYNN or LVS worth a shot here. Interesting they didn't pull back with the developing countries stocks much. In 3 or 4 years these stocks could be 5-10 baggers. MACAU MACAU MACAU. 2008 Olympics. What if all the Asian gamblers that now go to Vegas decide to hang at the new Asian strip?