The Pump, and The Dump (LVS)

I’ve been waiting on this pod cast to post all weekend, so I would have the facts when posting – biting my tongue in the process


If ever you are a doubting Thomas…. Or wondering if listening to talking heads works



Here are the facts – draw your own conclusion


Thursday Feb 17, 2011, Seg 2

6 minutes 11 seconds into the pod cast

Stephanie Link (cramer’s vp of strategy) touts go long LVS…., builds a plausible?? reason why it should go up, even shares a target of $58.00


http://thewallstreetshuffle.com/category/podcasts/page/2/





Friday Feb 18, LVS chart


Can you imagine anything worse – than listening Thursday..., calling your broker Friday morning to go long…,

Then looking at a chart of LVS Friday evening… all the while having to hold it over a 3 day holiday


Gotta love this business

RN

 

It's only down 1 buck? Long-term I'm guessing back to 20. :]

 

It is in the middle of a four month range

Could not break 50 and hold

Progressively shallower breaks of 50

Volume decreases as it goes up, increases as it goes down


But time will tell which way it chooses.


RN

 

Wait for the break-out. If it's to the downside sell some calls or short straight out.

That's a lot of volume up there which will need to exit if we break.

 

Thank You for the ideas

I day trade this puppy - every day


I wanted to call in when I heard it, but thought better of it

RN

 

Yeah definitely has potential.

I think it will be good for at least $10 on the downside (if it breaks down).

 

Anything to do with Cramer = fail...


Paul Tudor Jones "Wild horses couldn't stop me from betting against Cramer"

 

Give the girl a break. She didn’t say it would go to 58 the next day.
Based on her fundies 58 isn’t unreasonable.

I’ve got one service that is calling for a $142 price. LOL

Anybody calling a broker these days is probably holding for the long term.

Man you gotta be bored to be spending the weekend listening to this type of BS.

 

Morning DD


That station is a local AM I listen to after the close each day to get a daily recap (I don’t watch/ listen to anything other than what I’m trading during the day)

LVS has been acting weak…, and when I heard her.., I wanted to call in and say WTF..., but refrained

Friday's action was in no way a surprise - solely based on how its been acting

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Fair enough on the outlook…, we’ll see if/ when it gets there (140ish) – and I’ll be the first one to speak up if is does

In the meantime how much pain should we suffer :eek:

================================================
But…..

With the US in the dumper, if China crashes (and it very well may) – not much chance of the casino stocks making decent earnings next quarter - imo

Who knows....


Good Trading Sir

See Ya
RN

 

Here’s a chart of day 2 (Feb 22, 2011)

And for the record Please understand I am not suggesting - how, or if, you should trade LVS…


I am simply showing an example of what I would label – egregious behavior (aka pump n dump)


RN