Tuesday, August 07, 2007

A good amount of money to be had in WYNN today. It traded nearly 9x its average volume today on news that people are gambling more and more. woohoo! The stock exploded on the open, retraced down into its 5EMA, then held a tight pattern (on the 5 minute chart) for quite some time. Once it broke its narrow early morning range it popped up a couple more points for a quick in and out move. It would have been even nicer to then go short after it backed away from the highs of the day.

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