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Las Vegas Sands (LVS) in quicksand again

Today's Financial News - Posted November 19, 2008

Finally, Las Vegas Sands (NYSE:LVS) are shifting again. We’re up 13% on our short position and are holding on for more.

by J. Christoph Amberger

Baltimore — (TFN): On November 14, I directed your attention to a lagging “vice stock,” Las Vegas Sands Corp. (NYSE:LVS). I told you to short the stock. We logged it at $5.98 in our tracking portfolio, but of course any short recommendation I make has to go up right afterwards. Stocks are spiteful like this… but that means you had the possibility of gettingt in at higher levels. As I am writing, shares trade at $5.20, down -13% over (or should I say, under) our initial recommendation.

To lock in our short profits, I recommend you cover your position when the stock goes back to $5.30. My original target of “20-30% gains by mid-December” still remains. Although in this insane market, I’d settle for 150-20%.

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Next Article: A glimpse of things to come: Half-baked “demand-side” and timid “supply side” economics

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

One Response to “Las Vegas Sands (LVS) in quicksand again”

  • dave Says:
    November 20th, 2008 at 8:06 am

    you're a jack ass shut up…anybody can see this stock should be shorted without even looking at the financials…don't act like a genius when you throw numbers withouth support

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