"more room to go up" would really depend on how Adelson manages to pull off how over extended LVS is.
a chart doesn't mean jack.
a chart doesn't mean jack.
Las Vegas Sands (LVS)
- Thread starter fencerd4
- Start date
Who are you talking to?
Port.
LVS holding very well.
there's still a lot of room for you to get in! it's going to 7 to 8 in next few weeks.
other than the sheldon insider buy in, LVS has not had it's share of news yet....I think it would be safe to say that any news that comes out will be good for the stock.
Adelson's is very engaged with the company and will avoid any negative affects to the LVS stock.
there's still a lot of room for you to get in! it's going to 7 to 8 in next few weeks.
other than the sheldon insider buy in, LVS has not had it's share of news yet....I think it would be safe to say that any news that comes out will be good for the stock.
Adelson's is very engaged with the company and will avoid any negative affects to the LVS stock.
very like news for LVS breaks soon, also very likely news will be favorable for LVS...whatever it is.
so statistically, more upside than downside.
also in best interest for LVS and adelson to release news soon, Adelson also needs LVS stock UP to get any kind of leverage for any deal making.
so statistically, more upside than downside.
also in best interest for LVS and adelson to release news soon, Adelson also needs LVS stock UP to get any kind of leverage for any deal making.
After $ level, next resistance is $9.15. After this, next level is $30. Please look at weekly chart.
I came back from Vegas yesterday. The City Center is so huge and impressive. MGM got the funding to finish the project. I will be back there to see the new hotels, buildings.
My thoughs while I was there is there is no way LVS will go under. LVS MGM WYNN BOYD cover las Vegas. The city will be gone if these companies are out of business.
The traffic was so bad maybebe because of the holiday (good friday). It took us an hour just to drive a couple of miles to dinner.
Food: Rio is the best, Mirage is next, not PALM. We stayed at Caesars Palace (good food too) and the place was so crowded ..
http://stockcharts.com/charts/gallery.html?LVS
Look at MGM and WYNN stocks. Charts look strong too.
I will accumulate bunch of casinos longer term options. I asked the employees there and they say things are better.
I came back from Vegas yesterday. The City Center is so huge and impressive. MGM got the funding to finish the project. I will be back there to see the new hotels, buildings.
My thoughs while I was there is there is no way LVS will go under. LVS MGM WYNN BOYD cover las Vegas. The city will be gone if these companies are out of business.
The traffic was so bad maybebe because of the holiday (good friday). It took us an hour just to drive a couple of miles to dinner.
Food: Rio is the best, Mirage is next, not PALM. We stayed at Caesars Palace (good food too) and the place was so crowded ..
http://stockcharts.com/charts/gallery.html?LVS
Look at MGM and WYNN stocks. Charts look strong too.
I will accumulate bunch of casinos longer term options. I asked the employees there and they say things are better.
After $6 level.
Vegas casinos are in terrible shape financially, saddled with immense debt, tons of leverage, and are basically dependent on the willingness of banks or their other lenders to work with them in restructuring their payment schedules.
Harrah's and Station Casinos are either in BK or on the verge.
Wynn and MGM are getting by only through the old junk bond trick, and by trying to sell off much of their assets in non-Vegas locales, and no one is sure how much longer that will last.
Convention business in Vegas has all but dried up.
Harrah's and Station Casinos are either in BK or on the verge.
Wynn and MGM are getting by only through the old junk bond trick, and by trying to sell off much of their assets in non-Vegas locales, and no one is sure how much longer that will last.
Convention business in Vegas has all but dried up.
Wait a second. I maintain my position that this is an insolvent company on the brink. The share price rise in the last 30 days was due to overly bullish comments by politicians and market speculation. The fundamentals have not changed.
No one is going to Vegas, that was just another pump by Baron.
The truth is that the share price is just a retracement from the low. Now that additional market weakness sets in I have **no doubt** we will revisit the old lows.
Good time to consider a short at these levels. This thing wont hold up for long and you dont want to be holding when that trap door opens. Look at that big red candle at the end. This might open up below 5 or even 4 on a huge gap as the market takes its dump.
I was not wrong that this company is insolvent. Its been insolvent for some time. Say goodbye to Las Vegas Sands. It should have beeen taken out many years ago.
No one is going to Vegas, that was just another pump by Baron.
The truth is that the share price is just a retracement from the low. Now that additional market weakness sets in I have **no doubt** we will revisit the old lows.
Good time to consider a short at these levels. This thing wont hold up for long and you dont want to be holding when that trap door opens. Look at that big red candle at the end. This might open up below 5 or even 4 on a huge gap as the market takes its dump.
I was not wrong that this company is insolvent. Its been insolvent for some time. Say goodbye to Las Vegas Sands. It should have beeen taken out many years ago.
Casino Co's are going to be hit with higher taxes, Nevada is flat out broke, the governor is trying to cut major funding dollars for the Universities, the citizens won't let that happen, they will tax the crap out of casino's their main source of tax revenue. The State of NV just recently upped the room tax. State of NV is hurting bad and NV has the worst foreclosure rate in the U.S. The state is in shit shape because gaming revenue has fallen so much.
I watch the NV news nightly (Tahoe Resident) and read the Reno gazette journal. Every week they talk about how shit the gaming industry is. Casinos closing down and bankruptcy. Flamingo closed, Silver Club closed and a few others shut their doors in reno. Tons of layoffs at the casino constantly reported on the news. The gaming industry here in NV Vegas and Reno is in the dumps bigtime.
From reading the posts I can tell that no one did their due diligence on the ACTUAL state of the gaming industry.
I suggest you do so.
I watch the NV news nightly (Tahoe Resident) and read the Reno gazette journal. Every week they talk about how shit the gaming industry is. Casinos closing down and bankruptcy. Flamingo closed, Silver Club closed and a few others shut their doors in reno. Tons of layoffs at the casino constantly reported on the news. The gaming industry here in NV Vegas and Reno is in the dumps bigtime.
From reading the posts I can tell that no one did their due diligence on the ACTUAL state of the gaming industry.
I suggest you do so.