Stock Preacher

Stock Talk’s Technical Trade Outlook for Wednesday September 16th, 2009 are: C, GE, MSO, MGM, WYNN

Popularity: unranked [?]

Stock Talk’s Technical Trade Outlook for Monday September 14th, 2009 are: AXL, DRYS, MOT, WYNN, YHOO

Popularity: unranked [?]

Stock Talk’s Technical Trade Outlook for Thursday August 13th, 2009 are: CTIC, TOL, WX, WYNN

Popularity: 1% [?]

Stock Talk’s Technical Trade Outlook for Thursday August 6th, 2009 are: BRK.A, C, FITB, LVS, MDVX, WYNN

Popularity: 2% [?]

Wynn Resorts Ltd (WYNN) plans to open its Encore Casino on the Las Vegas Strip with low room rates to boost occupancy.

CEO Steve Wynn told Reuters, “The last couple of weeks have been the worst I have ever seen. We had 53% occupancy for a couple of nights at the Wynn Las Vegas resort. WYNN expects to be in the high 80s, low 90s % on occupancy right away by offering rooms at $199 a night.

Reasonable rates for luxury accommodations at Wynn and Encore will put downward pressure on prices for hotel rooms all along the Strip.”I’ve always opened up hotels in boom periods. It is a fascinating moment to open a hotel in a market that’s extremely tough,” Wynn said. Wynn Resorts, which is expected to open an Encore in China’s Macau a year from now, has no immediate plans for additional resorts, and getting the two Encore projects up and running smoothly will take the company to mid-2010 according to CEO Wynn.

Popularity: 3% [?]