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My humble opinion. FTC Will say something end of June, but the deal won’t close till July. That is if they approve. If they do this stock will skyrocket probably into the 50s. If they deny the merger well I predict we hit bottom. Put in for a stop loss boys just in case. I see it going up pretty slow let from here.
Key word as early as next week. With as late as July 21
Merger will not take place until after June 29th and before July 21. According to casino.org
https://www.google.com/amp/s/www.casino.org/news/ftc-could-render-decision-on-eldorado-caesars-this-month/amp/
I wish I could be happy but nothing seems to be going right with the stock. As I sit and watch level to all I see is shorts and craziness taking place. I lost my butt the first go around so now I’m being cautious jumping in.
Bigger question is when!
Now if they would only post a date for the merger!
Yeah it is a blood bath right now with no signs of going up. In one day the stock dropped to 34.10
That’s good info, still don’t know why there is trading from 1500 to 1700 PST. After hours are closed.
That’s the crazy thing I thought that was the case that trades stopes after hours, but I have robin hood and they show the trading continuing until 5 PST. For example right now the price for ERI is 36.72. When after hours ended it was 39.40. It dropped another $3.14. I don’t get it. I even had a stop loss set for 38.50 and it didn’t execute even though there was trades. Any help explaining this would be great. The only thing I can think of is it overseas markets maybe?
Was doing that The Who day.
Supper pissed how is that the market can close after hour trading and it still tank. Doesn’t seem fair you can’t get out and you just watch things tank.
I think this maybe a rocky road to $50 a share.
So glad I bough back in and played the bounces
I think the main reason for the dip was that NJ & IN gaming are not hearing the merger argument which will push back the merger till July at min.
I rebought in after cashing out. I hope it doesn’t bite me in the but. Tough 30k loss this morning. Up 7k but still it was a gut punch
I lost 30k I pulled out for now
So this became an awesome show to watch. Never lost so much in my life. Should have pulled out when I had the chance.
So you don’t see this thing popping off at the merger?
That doesn’t explain a whole lot
Playing devils advocate. We don’t know if three weeks or six
I see the chart and I understand the gains that can be achieved. The large questions how long and how Volatile the market is, is it possible or have we reached that point
My gut says we will be in limbo for the next couple of weeks between $40 and $45 a share until new breaks. I was hoping for a bigger bump before the merger, but that doesn’t look to be happening.
It is going to be a long day
Not sure if anyone is paying attention to level II, but someone is seriously screwing with the stock. There are large walls to shove this stock down. 30,000 shares tall.
Yeah all the info I got says they were going to aim for end of June, but it would go into July if NJ held it up. As of now it looks like that will happen. That means mid July at the soonest.
When was that dated though. They can’t close end of June if New Jersey doesn’t approve
It was looking strong. Now not so much. There are a lot of shorts.
Been in since 16.5. I hope for the gains but this stock is funky. Step ride morning and the by 11am PST you see the dip and the rise at end of day. I hope for $45 tomorrow but would be happy to not lose money. I would love to see $50 by merger time but who knows.
So I am getting confused according to sources NJ Gaming board is won’t approve the merger until July. This could be a set back for the merger, unless someone knows differently
Do we know yet what stock symbol will be used for ERI when the merger happens?
Not sure what is going on but this run every morning and then the fall off is starting to get old quick. Out of the gates the stock looks great and then the shorts kill it. I almost want to play the swings but get crushed when I do it. Thursday is the big day. Casinos reopen Thursday in NV and if it can’t hold its own then not sure it will ever take off like expected.
I hope it does I got 6k at 14.54. I hope it hits 65 so I can bail 390k in pocket. I will hold on though until I see trouble in the $65 range. Not sure we will see $75 until next year or the year after.
Now will it deliver? Shorts are holding it down. My prediction is post merger maybe $55 imho
Looking at level II, you can see how bad someone is walking it off both on the buy and the sell.
My question is with all this positive news why is the stock still being played with? I can see the shorts, but it doesn’t make sense. Someone loading up?
Does anyone know when the merger will be completed? I heard late June or early July?
Source?
It was hot and then all the shorts came in to drive it down.
Looks like the NV casinos will reopen June 4, 2020. It is show time.