Blog > US Stocks and Markets > Take gains on Penn National (PENN)
Share this article:
  • Print
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • NewsVine
  • StumbleUpon
  • Twitter

Take gains on Penn National (PENN)

Today's Financial News - Posted December 8, 2008

PENN
Penn National is up over 10% from our initial buy price. Time to take our gains on this casino operator.

by Laura Cadden, TodaysFinancialNews.com

Baltimore (TFN): On October 31, I suggested that Penn National (NASDAQ:PENN) might see a big boost after election day with the passing of referendums approving casinos in Maryland.

Though Maryland approved casinos, Ohio did not and the stock price did not make the big jump I was hoping for.  Instead, it has slowly but steadily climbed.

Some analysts have become bullish on this stock, but casino stocks in general have proved unreliable. Just take a look at Las Vegas Sands (NYSE:LVS). It’s trading at $5.50 — that’s from a 52-week high of $122.96!

Penn’s stock price is now up over 10% from our initial buy price. I recommend you sell you shares of Penn National (NASDAQ:PENN) and enjoy your double-digit gains.


Next Article: The VIX declines, Arena Pharmaceuticals (NASDAQ:ARNA) surges

Related Articles

Posted by Laura Cadden · Filed Under US Stocks and Markets 

Share this article:
  • Print
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • NewsVine
  • StumbleUpon
  • Twitter

 Add to Technorati Favorites | Follow Us on Twitter!

Be the first to leave a reply.

Your comments are welcome