chumba casino real or fake(Image: Reuters)With shelter-in-place policies and casino shutdowns the orders of the day starting in March, shorting gaming equities became one of 2020’s easiest and most profitable trades…until it wasn’t.org.With stay-at- home directives now largely lifted, a slew of regional casinos open, and Nevada gaming properties joining the fun on June 4, being bearish on gaming stocks carries immense near-term risk.coushatta casino slot videos40 billion stack of chips,” adds Dusaniwsky.That was a great trade for the bears that rode the stock down from or the high s to the March low of .”Dusaniwsky notes S3 covers 61 stocks in the casino and gaming sector, which have aggregate short interest of .hollywood casino cincinnati

choctaw casino theater

chinook winds casino buffetAs a percentage of float sold short, ERI resides north of 39 percent, according to S3 data.“PENN” refers to Penn National Gaming (NASDAQ:PENN), a name that Curtis reaffirmed a “buy” rating on last week with a significant, upward price forecast revision.Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.online casino that accepts paypalHe cited catalysts such as the operator’s exposure to iGaming and its investment in Barstool Sports.Regardless of industry, heavily shorted stocks can rapidly change directions, forcing traders holding bearish bets to cover those positions, which only fans bullish flames.There is some data suggesting short sellers in gaming stocks got a little too greedy.clearwater casino suquamish

four winds casino in new buffalo

pechanga casino tower vs resort towerorg.Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.Count Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers.(Image: Reuters)With shelter-in-place policies and casino shutdowns the orders of the day starting in March, shorting gaming equities became one of 2020’s easiest and most profitable trades…until it wasn’t.Short sellers have lately begun trimming their exposure in the sector, after having shorted the sector heavily during the stay-at-home policies brought about by the Covid-19 pandemic,” said S3 Partners Managing Director Ihor Dusaniwsky in a note obtained by Casino.“There was +.casino extreme free chip 2021