The $11 Stock I’m Watching Now

Right now, I’m in “pre-board” mode.

That’s what I call the day before I go on vacation. Part of my mind is already swimming with all the fun things I’m going to do during my time off. But I’m also grounded by the work I have to finish before I head to the airport. Come hell or high water, however, tomorrow morning I’ll be off to the airport to catch my flight to Las Vegas.

If you’ve know anything about me, you know that I’m a poker buff. Once a year, some poker buddies and I all meet in Vegas for a week of hitting the tables and catching up.

#-ad_banner-#As someone who also loves investing, I think Vegas is a pretty interesting place. There really isn’t a better indicator of how consumers are feeling than spending a week on the Strip. Given the economy, it shouldn’t be a surprise that many resorts are struggling and revenues for most casinos are down.

Some investors are taking major stakes in Las Vegas casinos with eyes on a rebound. Hedge fund manager John Paulson recently bought major stakes in Harrah’s, MGM Resorts (NYSE: MGM) and Boyd Gaming (NYSE: BYD).

I’ll hold off on following Paulson’s lead for now; it’s too early to tell if the casinos will reward any of their investors.

But as I was planning my upcoming trip to Vegas, I did come across an investment I believe has much better potential. I’m warning you, this pick is in a volatile industry that many investors choose to shun altogether. But if you want the details, including the stock I’m watching now, simply watch the video below. (Don’t forget to make sure your speakers are on, so you can hear.)

In the meantime, during my trip we’ll see if my friend Michael Mizrachi can take home the coveted World Series of Poker bracelet. I’ll also be trying my own luck — at much lower stakes. Michael’s already won $1.5 million in preliminary events this summer, so no matter how you cut it, he’ll go home a winner. Hopefully I will too.