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Cover your shorts on Lav Vegas Sands (LVS) and take 20-some percent profits

Today's Financial News - Posted November 20, 2008

Cover your short positions on Las Vegas Sands Corp. (NYSE:LVS). The stock currently is down between 10-11% for the day, around $4.50… that would get us out with a gain of -23% over our November 14 entry.

by J. Christoph Amberger

Baltimore — (TFN): For those of you who could do with some profits in this mess of a market, it’s as good a time as any to cover our short positions on Las Vegas Sands Corp. (NYSE:LVS). I had updated you on this yesterday.  The stock currently is down between 10-11% since the open, trading around $4.50… that would get us out with a gain of -23% over our November 14 entry.

I’m just about ready to see some black again on our portfolio. There may be a sucker born every minute, but even a sucker requires some spare cash to blow on blackjack and hookers in Vegas. In this case, I bet on black… take profits now!

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Posted by J. Christoph Amberger · Filed Under US Stocks and Markets 

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