LVS Short Play For Quick Buck
Posted by Blain Reinkensmeyer
January 4, 2008 at 7:00 am
Sadly I missed this one, Las Vegas Sands, LVS stock just had a simple breakdown for 10 points that drove the stock from $106 down to $95.
The $105 - $106 price area was the key support the stock as it hit this level twice, first in early November then again in late November. The third test was apparently the charmer.
Click to View, Click again to Zoom
The stock closed today at $95.37 and should head lower from here.
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[...] (LVS) became a major short candidate when it fell under $105 support at the end of December. I posted LVS at $95.37 and looked for lower prices to come, well they have [...]