As far as I can tell, Wynn Resorts is the closest thing there is to a sure thing in Las Vegas.
The stock is up 192.7% since my first buy signal in April 2005, but our total return on investment currently stands at 643.1%. I think it beats trying to count cards.
1. SHORT the week of 4.18.05 at $44.17. Using $59.50 for a stop, the risk R on the trade was $15.33. Stopped out and reversed to long at $50.02 the week of 11.21.05. The percentage loss on the trade was -13.2%, and the reward-to-risk ratio was -$5.85/$15.33 = -0.38.
2. LONG the week of 11.21.05 at $50.02. With the stop set at $38.27 the risk was $11.75. Stopped out and reversed to short the week of 6.18.07 at $79.70. The percentage gain on the trade was 59.3%, and the reward-to-risk ratio was $29.68/$11.75 = 2.53.
3. SHORT the week of 6.18.07 at $79.70. The stop was $96.17, so R = $16.47. Stopped out and reversed to long at $99.26 the week of 8.6.07. The percentage loss on the trade was -24.5%, and the reward-to-risk ratio was -$19.56/$16.47 = -1.19.
4. LONG the week of 8.6.07 at $99.26. With $73.85 for a stop, the risk on the trade was $25.41. Stopped out and reversed to short the week of 12.17.07 at $107.51. The percentage gain on the trade was 8.3%, and the reward-to-risk ratio was $8.25/$25.41 = 0.32.
The stock is up 192.7% since my first buy signal in April 2005, but our total return on investment currently stands at 643.1%. I think it beats trying to count cards.
1. SHORT the week of 4.18.05 at $44.17. Using $59.50 for a stop, the risk R on the trade was $15.33. Stopped out and reversed to long at $50.02 the week of 11.21.05. The percentage loss on the trade was -13.2%, and the reward-to-risk ratio was -$5.85/$15.33 = -0.38.
2. LONG the week of 11.21.05 at $50.02. With the stop set at $38.27 the risk was $11.75. Stopped out and reversed to short the week of 6.18.07 at $79.70. The percentage gain on the trade was 59.3%, and the reward-to-risk ratio was $29.68/$11.75 = 2.53.
3. SHORT the week of 6.18.07 at $79.70. The stop was $96.17, so R = $16.47. Stopped out and reversed to long at $99.26 the week of 8.6.07. The percentage loss on the trade was -24.5%, and the reward-to-risk ratio was -$19.56/$16.47 = -1.19.
4. LONG the week of 8.6.07 at $99.26. With $73.85 for a stop, the risk on the trade was $25.41. Stopped out and reversed to short the week of 12.17.07 at $107.51. The percentage gain on the trade was 8.3%, and the reward-to-risk ratio was $8.25/$25.41 = 0.32.
5. SHORT the week of 12.17.07 at $107.51. The stop was $144.59, so that means R was $37.08. Stopped out and reversed to long the week of 4.20.09 at $36.88. The percentage gain on the trade was 65.7%, and the reward-to-risk ratio was $70.63/$37.08 = 1.90.
6. LONG the week of 4.20.09 at $36.88. Placing the first stop at $15.28, the risk was $21.60. Closed last week at $146.40 with a $119.28 stop. The percentage gain on this trade is 297.0%, and the reward-to-risk ratio is $109.52/$21.60 = 5.07.
Bottom Line:
6. LONG the week of 4.20.09 at $36.88. Placing the first stop at $15.28, the risk was $21.60. Closed last week at $146.40 with a $119.28 stop. The percentage gain on this trade is 297.0%, and the reward-to-risk ratio is $109.52/$21.60 = 5.07.
Bottom Line:
Winning Trades: 4 | 66.7% | $54.52/share avg.
Losing Trades: 2 | 33.3% | -$12.71/share avg.
Average Trade: Gain of 65.4% | $32.11/share | Reward-to-Risk Ratio (R): 1.38
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