I didnt get this wrong. The bear market continues on today with BAC and C heavily in the red. Disease is spreading throughout the world with additional deaths and entire cities being quarantined in Mexico. It wont be long before disease spreads throughout California and Nevada. LVS is down 7% in the premarket and will be down further from here.
Breaking $7.51 will lead LVS to $9.15. Market became weaker at the end of the day or LBS already broke today. News from WYNN's CEO sounds positive.
Actually Port, Disease, war, famine are things that tend to end economic downturns, so killing a good 10 million people could be good overall.... Beyond that, I agree in the big picture I dont think we will work anything out in the broad sense and this rally overall is merely just a correction of the larger down move. That being said, any re-inflation could send a lot of these stocks for a quick run up. Dont know how high they will get because I will be gone before the top but have no problem attaching my wagon for the ride and let everyone else do the sweat. In the meantime, 18 bucks is not out of the question, after the next pullback which I was betting came in on the 16th. Port, bear market rallies are manias of an entireley different sort, and standing in front of them before they are done is worse then getting in front of a train as you have unfortunately seen. Best of luck to everyone, even you Port, I think Im probably in the same camp as you though in the longer term.
I've been day and swingtrading LVS for weeks now, wildly bullish on LVS WYNN MGM (especially MGM starting tomorrow on news after today's halt), likely all casino stocks will continue their rally on sector sympathy moves up. Gee I remember a talking head 'booya' guy on tv saying stay away from casino stocks a few weeks back (right after they've tripled, lol).... financial news tv is best watched with the mute button on. I'm day and swing trading with long bias in LVS MGM BYD WYNN. Since LVS has come so far off a 1.5 bottom, I'm going to be tentative between 7.0 and 10; aggressive back in if/when it clears the 10; in the meantime I'm long and will be day and swingtrading MGM most aggressively... though LVS has better intraday moves, as I daytraded it today. -ken
Really? You said to short LVS when it was in the mid-4s. Then it went to 7 something and you wrote this. Now it's in the 9s. When did you cover? Or don't you trade?
many casino stocks have been hot lately, LVS BYD WYNN MGM, let's see if they all rally on good MGM earnings release from today, during tomorrow, if it's a positive s/p futs premkt etc.
the HAND OVER FIST short covering starts tomorrow, with no shares to short means most of the short hedge funds have held.....most have realized that they either take their loses or the losses will never end. the hedgies were the ones to bring it down and now the hedges have gave it all back.