Las Vegas Sands (LVS)

hey is this a coincidence?

MGM release earnings end of day after market close, WYNN release tomorrow morning pre market and LVS release end of day tomorrow.

SHORTS HAVE NO WAY OUT.
 
Just watched a segment on Bloomberg (excellent) about WYNN, LVS and MGM.

The run-up in the last two months, no question about it, is because of short covering.

We had a big short squeeze today, and shorts are still scrambling to cover given the pending crackdown of naked shorting -

- after that, look out below, because even at these levels, these are incredibly expensive stocks on a cash flow basis, which is the only way to value casino stocks.
 
this is my 2nd suspicion that the casinos,as well as the markets in general will start to cool starting tomorrow if not soon.

I'm completely cash now and will not get back in till there is a substantial pull back.

My 400 percent return the past two months have been very sobering and will protect it in every way I can.
 
well said! definitely a good time to be taking profits; I've closed out 3k of my 4k MGM shares, and have a tight trailing stop on remaining 1k and all LVS open long shares... ca-ching!

also nice recent runups in a lot of stocks (CAR, BGP, ZLC etc), great time to trail very close stops on this entire market, I wouldn't be surprised to see a string of 5+ red days coming up soon, after these multi-week rallies.

-k
 
LVS crossed $10 today.

Stellar trade, fencer.

It was priced for BK at $1.39 in March.

A 10,000 lot purchase near the low would have banked a 95k profit two months later assuming it was sold today.
 
I'm completely bullish on casino stocks, in order of what I'm most trading, is:

#1 MGM
#2 WYNN
#3 LVS
#4 BYD
#5 IGT

btw LVS is the best for daytrading of all of those, then WYNN as second-best, tho wide spreads in WYNN... swings I like MGM best, it's a bear to daytrade... tip it runs in .40 moves, tough to intraday trade it.

-ken
 
went past the last high from 1st quarter, new round of money is in.

no response on this thread is also a small indicator that new round of interest will develope to bring this to 20.
 
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