LVS Short Update, Panning out Profits Like Gold
Las Vegas Sands (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 come.
Take a look a this updated chart of LVS and you can see the stock has fallen over 10%, now sitting under $86 a share,
LVS Stock Chart, Click to View
The recent low of $82.52 is technically your next short point if this stock decides to tumble again. You could cover your shorts for the recent profits, and re-enter at fresh lows.
As of this post LVS is sitting at $85.69.
More on this topic
(What's this?)
Las Vegas Sands Shares Soar After Singapore Deals Itself In
(Money Morning, 10/30/08)
Las Vegas Sands (LVS) is Now a $4 Stock
(Fund my Mutual Fund, 10/28/08)
Someone’s making money on Gold
(Option ARMageddon, 11/7/08)
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Posted by Blain Reinkensmeyer on January 11, 2008 at 12:00 pm --
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