Post by cosmic on Mar 30, 2011 20:21:32 GMT -5
In a departure from my normal Blogging which is basically just trades I chronicle and why I made them (good or bad), I'm going to track what I'm calling the 'LVS Bombs' - the things that will kill LVS as a trading stock for a year or two similar to what was done to APWR (APWR used to be a high-beta great trading stock.)
My initial position is that there will be regular 'bombing runs' of bad press regarding the lawsuit for corruption in China brought by a former employee.
These will stifle trading on LVS, and coupled with being saddled with weeklies, will ultimately offer nothing to traders except low premiums with high risk, jamming and calling shares and stealing their money. The traders will leave, and LVS will drift. I have called the 42-43 range as strong resistance for a very long time.
We will say that bombing raid 1 took place in early March when the stock dropped from 46-47 to 36-37 on news of the lawsuit.
Second bombing raid here thanks to Maxi: fastopia.proboards.com/index.cgi?action=gotopost&board=exchange&thread=19848&post=182542
My initial position is that there will be regular 'bombing runs' of bad press regarding the lawsuit for corruption in China brought by a former employee.
These will stifle trading on LVS, and coupled with being saddled with weeklies, will ultimately offer nothing to traders except low premiums with high risk, jamming and calling shares and stealing their money. The traders will leave, and LVS will drift. I have called the 42-43 range as strong resistance for a very long time.
We will say that bombing raid 1 took place in early March when the stock dropped from 46-47 to 36-37 on news of the lawsuit.
Second bombing raid here thanks to Maxi: fastopia.proboards.com/index.cgi?action=gotopost&board=exchange&thread=19848&post=182542