Wednesday, September 06, 2006

Missing the boat

I missed the boat on HOC Holly Corp, as it continues lower.

WYNN looks like a decent short in here (chart), but I am reluctant to pay the high option premiums. The new casino in Macau just opened. The stock has had a big run in anticipation of that event. Analysts have mixed reviews on WYNN and LVS.

DVN Devon Energy looks like it wants to fill the gap. Any revenues from the oil discover are likely to be three or more years out. The more likely scenario is a takeover where some other company wants to boost their reserves, especially relatively safe reserves in U. S. waters.

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