rlim
Long

Risks were mitigated with WYNN CEO stepping down.

NASDAQ:WYNN   WYNN RESORTS LTD
29 0 1
Stock too a major hit with the allegations against the CEO             .
When he signed the stock jumped 7%
Today the stock is down following the market (-3%)

My major concerns with the allegations were the harm on the brand.
Current and potential future deals will be affected by the allegations against the CEO             .
E.g. the hotel in Boston.

However now that the CEO             stepped down, those risks are mitigated. Still there, but low. I can't imagine Boston canceling the hotel after CEO             Wynn stepped down.

The risk now is that the stock is characterized to be driven soley by the CEO             . I am willing to bet against that risk.

I think the stock will continue to go down as the market continues down. I will treat each downward step as an opportunity to build a position. I will start building back a position today.
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