Bouncing Wynn Shares might be primed for the 'wheel strategy'

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In Barry Levinson's classic film Rain Man , Dustin Hoffman's character leans over to his brother in the middle of a blackjack hand with a simple piece of advice: bet two for good, one for bad. In the case of Wynn Resorts shares, it might be time to bet two for good. Steve Wynn hasn't exactly been on a winning streak. No longer running his namesake company, he finally sold his 50 Central Park South penthouse after years on the market. WYNN shares haven't really been on a winning streak either. The stock is down more than 27% year-to-date as I write this. It was down more than 46% from the 2025 highs within the past couple of weeks. But it has bounced a bit since then, and perhaps the tables are turning.