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Jim (cont'd):  

With the advice of my friend, Matt Hornwein, I put Las Vegas Sands (LVS), Wynn Resorts (WYNN) and MGM Mirage (MGM) in the Sell Block on January 17th of 2008, and then followed with International Game Technology (IGT), which makes gaming machines, about a month later... and I hated them all the way down. I was unrelentingly negative...

But I resisted the urge to stay negative beyond that. Instead, on April 2nd of this year, after a 94% decline from LVS, a 72% decline from WYNN, a 95% decline from MGM, and a 78% decline from IGT, I granted clemency... That's right, I removed them from the Sell Block after these incredible declines... and I told you it was okay to speculate in them.

Others thought this move was crazy... that the casino business stunk so badly, that even though the stocks had been ravaged, that they just had to stay bearish... that people thought they could go to $0.

All the people shorting the casinos, down at the levels where I said they were okay for speculation, you were being outrageously bearish... so much so that it was harmful to your financial health...

People forget, but bears can get greedy, just as easily as bulls... they have no problem being pigs...

Well, let's take a look at their punishment...

[Jim then referred to a large graphic chart of the moves that these casino stocks have made since he recommended them again, as speculative plays... ]

Las Vegas Sands (LVS) - $4.40 to $8.00 (+82%)
Wynn Resorts (WYNN) - $26.85 to $39.40 (+47%)
MGM Mirage (MGM) - $3.14 to $7.86 (+150%)
International Game Technology (IGT) - $10.02 to $12.72 (+27%)

That is money!... This all in less than a month, and all the moves that the bears... who thought all of this was headed to $0... they missed...

Look, when you have monster gains like these, you must must must ring the register. You must take profits. You can leave some on... you can play with the house's money if you have to... But, if you don't sell something, you're being a pig. When I say, bulls make money and bears make money, and pigs get slaughtered, that's Rule #1 in Jim Cramer's Real Money: Sane Investing In An Insane World. This is what I mean...

You see, a bear could have made money betting against the casinos on the way down... right? I mean, you made great money on the way down. But, at some point, it was time to declare victory, and go home. And anyone who was around, and has just stayed piggish... as the more tranparently-greedy people bought the stocks at the bottom, and refuse to ring the register... look at what they're going to leave on the table...

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The Bottom Line!:     I am urging you right now... take out your money... You can play with the house's money... Both Bulls and Bears can be pigs. Don't be greedy. If there are profits to be had, have them.