Cover Your Shorts on Lav Vegas Sands (LVS) and Take 20-some Percent Profits
Nov 21st, 2008 | By J. Christoph Amberger | Category: Financial NewsFor 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 November 19th.
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!
Source: Cover Your Shorts on Lav Vegas Sands (LVS) and Take 20-some Percent Profits
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Amberger began his career as a freelance contributor to Agora publications before emigrating from Germany to the United States in 1989, when he joined the editorial board of Taipan. In 1991, he took over as managing editor for the publication and assumed responsibility as group publisher four years later. In 2007 Christoph left Taipan and founded TodaysFinancialNews.com along with its premium publications: the highly successful stock Hot Stock Confidential, the options research service TFN Strategic Trader and, most recently, Penny Stock Confidential. In November of 2009, he welcomed Contrarian Profits to the Today's Financial News network.
