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07/17/2020
Eldorado Resorts call volume above normal and directionally bullish (TheFlyOnTheWall)
At this point it may be. Yeah the meeting is delayed and I got a gut feeling something is happening behind the scenes. Not sure if it is a good thing or a bad one but the stock price is reflecting the anxiety
I took the cash option for my shares of CZR. I hope it is the right move.
Well the shorts hit the market today. This is almost to perfect of timing for ERI. This means CZR is low and they can do the swap, if the merger is approved.
Feels like it. Some of the questions are off the wall. I almost feel like ERI is in trial for its life sometimes. Rumor has it though that if it is passed we could see a freeze on ERI and a combined stock by Wednesday
NJ can afford to take their time to pass this, because the combined company will have a large AC presence and the state wants the company to get it right.
Is NJ now the stumbling block.
The doctor the got on who does competitive analysis is wicked smart. He is knocking these questions down like I knock down tocos. It almost feels like there may not be an answer today though.
And at least the commission members in NJ seem to be positive on the Merger.
NJ just wants to be sure that Caesar’s and Harrah’s in AC will have CapEx poured into sprucing up the properties, just like with how the Tropicana was. NJ has to compete with PA, the DC/Baltimore area, as well as Mohegan Sun and Foxwoods.
Watching the testimonies right now. This is over kill by NJ compared to NV, IN, IHRC. I am not sure where they are going with this.
No I watched it that’s why I am confused. The feed cut and said they Adjourned for the rest of the day. I thought they were supposed to have a decision by today. Did I miss something
It looks like NJ is recessing until tomorrow. I thought they would have an answer today. Am I understanding that rightz
Am I the only one watching the New Jersey proceedings? Come on people, let’s drum up the posts on here.
I’m watching now, and I am impressed to al hell with the Eldorado CEO. He’s going through these proceedings with finesse!
I wonder if there will be some sad people they pull this off before the shorts hit
Yes, on right now go to the casino control board site.
SOMEBODY KNOWS SOMETHING. I know that’s not a very enlightening post but I always get fired up when I say it or my buddy Keith says it!!!
Let’s go $ERI!!!! ROund the corner they come!!!! Calls expiring Friday and I’m happy to sell by noon today around $43 pps. )))))
After hours has this thing ready to explode. I though we may see another dip for tomorrow’s cycle for NJ, but who ever it was has set this think to take off and bought up all the stock they could in after hours
LOL! Okaaaay, moving up, ERI
I had Caesars for a period, but went all into ERI.
Interesting, email....
Personally I am not a fan of shorting, but others are.....
Yes, you have it correct, we will see volatility for sure.
Nice thing for some of us/me....I have a Core, basically holding Longer term. ERI/CZR.
So I also own stock in Caesars I got an email today to either elect stock or cash. I have a deadline of the 16th. From what I have researched, the soonest we could see something is the 20th. Now I will say this that there was a large amount of people shorting the stock on the 17th. We may see a fast rise, crash and then the merge. Just my opinion of course and I have nowhere near the experience many people on here do, but I am betting we see some extreme volatility over the next week.
Thanks 'K Dog', yes I like that. I do see $100 a shr. For ERI/CZR.
NJ is Wednesday. I hope for a run. If I am reading the trends right there is usually a dip before the meeting, but this time may be different since NJ has publicly said they are not opposed to the deal. Indiana was the big one. Everyone thought the racing was going to cause them to get rid of the tracks but if u watched the meeting they were all wowed by the ERI team.
Meant indiana....and said we may see a run up tomorrow or next, hopefully.
Oh I wasn’t aware that the last NJ approval was pushed up from Wednesday to tomorrow?
Maybe tomorrow/next the ERI run, everything approved......
This stock makes no sense. Great news stock falls. The only think I can think of is that they are tanking the stock so people can make grabs then they will let it go.
Just did. All approved!!!!!
It is game time and we are looking good. ERI has done an amazing job, stating there case. Super impressed. I hope to see this get by the IHRC
That’s some professional money tree shaking this am. Lol. Hope you guys held tight!
$ERI
Still holding on it....
I like Penn too.
Agreed. Besides for me no worries, I have tucked away, at under $20's ERI in my other retirement fund, long term..... :)
I lucked out,one day, come across Eldorado Resorts, on the back of one of my midwest area,Casino gaming rewards cards.
Did a little research,during our crisis, bought in fairly big, for me.....at the time. Lol
Ran hard, ran fast, taking a breather.
Too much momentum. It will happen.
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