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Cover Your Shorts on Lav Vegas Sands (LVS) and Take 20-some Percent Profits

Nov 21st, 2008 | By J. Christoph Amberger | Category: Financial News

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 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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About the Author

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 Today's Financial News.

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Today's Financial News provides an independent and practical perspective on the U.S. and global investment markets. We provide you with a free, reliable, easy, up-to-date, and focused resource to help you make your financial decisions with commentary, interviews, recommendations, and video. Today's Financial News includes the analysis and opinions of those editors whom we have come to trust over the course of the years.

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