Las Vegas Sands (LVS)

first of all, nobody is expecting it to go back to 130, or even 100, or even 30...7 to 10 would be good for most current bulls.

and secondly, u have the WRONG chart.

Quote from Port1385:

Here, I posted an informative chart that will help you in trading. Notice how LVS went from 130 last year and has now spiked up to 5 dollars. Do you really believe it will go back up to the old levels now that it has undergone this humongous selloff?

Was the selloff simply for no reason or is LVS truly an insolvent company? Dont blame market conditions. Autozone has not sold off and making lifetime highs. Its all about good management. When I was flying over Las Vegas in November of last year I wondered how all these cranes are still building casinos although we are in a horrible economy. I wonder who made these good decisions to keep expanding despite an incredible downturn.

Maybe there is something I dont understand, but traders know the truth. Dead cat bounce to five and then another bounce to the pinks after Chapter 11.
More...
 
This game ends now. I shorted a bunch at 5. Its time to say goodbye to Las Vegas Sands. It never was a good casino anyway. Have you ever heard your friends bragging about going to this place?

Where is Baron now? He sold his shares and left for Europe leaving the bears to rule the day.

Time to short and ride this thing down to the pinks...

ImageProxy
 
Quote from midniteeuropa:

..and secondly, u have the WRONG chart.
More...
so that's how he did it, he looked at a diff chart to trade a diff chart, very clever.:p
 
I know its the wrong chart. I posted that chart for a reason. The reason is to demonstrate how all sh*t bounces if it hits the ground hard enough. This wont go back to 7 or 10. It wont make it. Its simply a dead cat bounce after a large selloff.

Look at LVLT and look what happened. LVS is now a broken company, a broken stock. It will continue to wonder about until it either goes to the pinks or lingers in the low single digits...

Quote from midniteeuropa:

first of all, nobody is expecting it to go back to 130, or even 100, or even 30...7 to 10 would be good for most current bulls.

and secondly, u have the WRONG chart.
More...
 
I have no positions on LVS right now, but you may be missing an opportunity of a lifetime.

the casino industry is a very powerful money making machine.

u have to keep in mind LVS got all it's money back for Macao Venetian in one quick year. Now that is absolutely amazing, that tells u a lot of the mighty gambling industry.










Quote from Port1385:

I know its the wrong chart. I posted that chart for a reason. The reason is to demonstrate how all sh*t bounces if it hits the ground hard enough. This wont go back to 7 or 10. It wont make it. Its simply a dead cat bounce after a large selloff.

Look at LVLT and look what happened. LVS is now a broken company, a broken stock. It will continue to wonder about until it either goes to the pinks or lingers in the low single digits...
More...
 
Not right now....the gaming industry is on life support.
Lots of bankruptcies and casinos shutting their doors.
The Cal Neva here on the beautiful shores of Lake Tahoe recently went up for auction....no offers. Silver Club down in reno closed their doors, Flamingo etc......

Not a booming industry as it once was.....will it come back...of course....but not until the american consumer comes back....and that may be quite a while away.



Quote from midniteeuropa:



the casino industry is a very powerful money making machine.

More...
 
Have been riding the swings since the November low (currently net long a little over 2.00, and also like the play but perhaps for different reasons then most posters have. Because at this time Im looking for the market to top sometime in the fall and head to new lows I dont know how good I would feel about LVS in the long haul even with an inflation push but it certainly looks like it could do some decent outperfomance in the intemdiate term.

Whether or not its a dead cat bounce or for real you can gaurentee that there are a lot of dumb people who are thinking it will go back to 100 by next year and sometimes hitching your wagon to those mania freaks is enough to pull you along to a point where you can build a fully protected option floor below and then flip it right before the lights go out or lights go on.

Good Luck all
 
the industry is definitely consolidatin.

those small time casino's were already operation on slim margin even before this crisis economy.
BIG giant casinos like lvs, mgm and wynn basically took their business away.

a gambler knows they are going to lose any ways, mind as well lose it at the most extravagent luxury place. It makes them feel they got something for return.







Quote from 1flyfisher:

Not right now....the gaming industry is on life support.
Lots of bankruptcies and casinos shutting their doors.
The Cal Neva here on the beautiful shores of Lake Tahoe recently went up for auction....no offers. Silver Club down in reno closed their doors, Flamingo etc......

Not a booming industry as it once was.....will it come back...of course....but not until the american consumer comes back....and that may be quite a while away.
More...
 
LVS continues to sink lower. This is a company that is on the brink of bankruptcy where either it will stagger about in the low single digits for years to come somewhat like LVLT or suddenly there will be a press release declaring Chapter 11. Sarbanes Oxley didnt make anything any better. Shareholder lawsuits only recover pennies on the dollar if anything at all.

Good time to sell your shares, good time to short.
 
You must log in or register to reply here.
Back
Top