LVS Short Update, Panning out Profits Like Gold
Posted on Fri 11th Jan, 2008 12:00:51 PM
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.
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