Las Vegas Sands (LVS)
- Thread starter fencerd4
- Start date
anybody have the stats on the hedge fund he ran?
nice jobQuote from Baron:
I sold my 39k shares today @ 4.20 for a profit of $64k.
I'm thinking this may head lower for the short term primarily due to weakness in the entire sector, so I will be looking for another entry point at a lower price within the next couple of weeks.
I got out in the morning from a entry of 3.20.
I'm a little skeptical of the macau portion of the business..suen, visa, the powers that be etc.
It's clear that Adelson is taking big chances right now.
chances are, singapore gov't will finance his Macao debacle in exchange for some kind of equity ownership. I think that's adelson's last and only play to get out of this mess.
adelson has always been successful with his hi risk, hi reward endeavors....but this time he has a lousy recession infested economy breathing down his neck.
I'm a little skeptical of the macau portion of the business..suen, visa, the powers that be etc.
It's clear that Adelson is taking big chances right now.
chances are, singapore gov't will finance his Macao debacle in exchange for some kind of equity ownership. I think that's adelson's last and only play to get out of this mess.
adelson has always been successful with his hi risk, hi reward endeavors....but this time he has a lousy recession infested economy breathing down his neck.
Quote from Baron:
I sold my 39k shares today @ 4.20 for a profit of $64k.
I'm thinking this may head lower for the short term primarily due to weakness in the entire sector, so I will be looking for another entry point at a lower price within the next couple of weeks.
ditto.
Look at LVS chart we can see that there is a bull flag right under ma-50, The bull run from $1.38 to ma-50.
Using the extension(length) from $1.38 to $3.35 and apply that to the bottom of the bull flag, LVS has more room to go up.
http://stockcharts.com/charts/gallery.html?LVS
How about MGM? Broke above ma-50 then pulled back to test ma-50 today. Good news will lead this to $8.
It's funny that we are talking about one or 2 dollars here when LVS and MGM was $100 and #148 stocks.
Using the extension(length) from $1.38 to $3.35 and apply that to the bottom of the bull flag, LVS has more room to go up.
http://stockcharts.com/charts/gallery.html?LVS
How about MGM? Broke above ma-50 then pulled back to test ma-50 today. Good news will lead this to $8.
It's funny that we are talking about one or 2 dollars here when LVS and MGM was $100 and #148 stocks.
Seems arbitrary. What technical allows for stackings like that. Then look what happened right after 2009 opened , the 50 day was penetrated and a similar barb in the pattern to what we have today turned into southbound.
Baron made a trade and a nice one at that.
Either you're happy to see someone bank some coin using a trade that depended on skill and/or luck (one, the other, or a combination of the two), or you're just a jealous f**k.
Congrats, Baron.
Either you're happy to see someone bank some coin using a trade that depended on skill and/or luck (one, the other, or a combination of the two), or you're just a jealous f**k.
Congrats, Baron.
I shorted more LVS puts today.
Jun 2.50 puts @ 40 cents and looking to add more in the month of Jan 2010
Jun 2.50 puts @ 40 cents and looking to add more in the month of Jan 2010