Bit of a horse racing/investing question. The reason why I ask is that it was recently reported that the Breeders’ Cup board announced it is "exploring the possibility of using a single host site for all future Breeders’ Cup events."
DRF Editor in Chief Steve Crist, by process of elimination came to the conculsion that if this does come to fruition, Churchill Downs would be the highly probable venue: http://cristblog.drf.com/crist/
The theory makes much sense seeing that Churchill is not on either coastline. Now Churchill is a publicly traded company, and I would think that the Breeders Cup if held there each year, as well as Breeders Cup memoribilia sales would greatly increase Churchill’s year over year bottom line financially.
Wall Street is usually quick to pick up on these things, but yet the idea (if it happens) hasn’t been reflected in the stock price that I can see, which could either be an indicator it’s not going to happen or that many on Wall Street and in finance are "asleep at the wheel" on this one.
What do you all involved with horse racing think?
http://www.google.com/finance?q=NASDAQ:CHDN&hl=en&sa=X&oi=suggest_finance&ct=title&aq=4&oq=chdn&aqi=g1g-s3b1
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about futures trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
This question was about futures trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to futures trading indicators, the answer has been posted in the categories listed below:
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You have to look at the big picture with gaming stocks. If the proposed deal you youbet takes place, CDI will have a stronger position in the online wagering marketplace, but it’s platform has been criticized for any number of legit reasons, so market share alone won’t elevate the stock price.
Kentucky is struggling with competition at tracks in surrounding states that offer alternative gaming – which helps purse structure, etc. – so even one of the most famous tracks in the world has felt the pinch from this major issue. And CDI has other tracks that are not lighting the tote board financially.
And when it comes to BC, don’t be fooled…the idea of a "permanent" site is because of the headaches involved in pulling one of these things off. Simply, the pool of tracks willing to even bid on it is probably down to a count on one hand – minus one of two fingers.
Gaming stocks in this fiscal climate is a very risky venture…and with CDI, was not a big play before the economic tsunami.