wallstreet, question on LVS or anyone elses insight

Forum: Investments
Author: [Investments] Topic: wallstreet, question on LVS or anyone elses insight
brooklyn1 PM brooklyn1
Joined: Dec 2006
Posts: 2102
New York
 
brooklyn1
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Posted: 10/28/2011 12:36:57 AM
i bought options on LVS DEC.2011 @ .91 and .65  a week ago... today LVS closed at 45.50 ..they reported earning after hours and stock is up to 47.35 after hours...question do you think it will go higher or will people take profits off of the rally?  I dont buy options as a rule ,so need your thoughts? or anyone else who has info on LVS
wallstreetcappers PM wallstreetcappers
Joined: Feb 2003
Posts: 51372
United States
 
wallstreetcappers
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Posted: 10/28/2011 11:19:12 AM
Nice gamble!

Stock is up pretty good, what are the strike prices on the options?
cave0707 PM cave0707
Joined: Oct 2009
Posts: 1242
United States
 
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Posted: 10/28/2011 3:12:17 PM
Brooklyn1, what was their guidance like?  Raised?  It all depends on the market rally, whether it is sustainable or not (IMO).  If the market comes crashing down, I don't see many stocks holding up unless it's defensive in nature like Dollar Tree and the likes.  If I recall correctly, there was a mutual fund based in Las Vegas called the Vice Fund ... .  these guys said the defense, tobacco, alcohol and gaming industries were more or less immune to general market conditions ... so their holdings consisted of stocks from these industry groups.  I beg to differ regarding that matter and outta these four sectors, the gaming group is much more prone to getting lit up because of the economy.  That's why I said what's their 'guidance'.  What do they expect in the near term future for them?  Now if the general markets hold up and the rally is intact, I see no reason for you to take profits so early.  Best of luck
2169 PM 2169
Joined: Nov 2009
Posts: 10748
Massachusetts
 
2169
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Posted: 10/28/2011 5:14:13 PM
Nice, was looking at the exact same thing. Good luck.
depeche2 PM depeche2
Joined: Feb 2002
Posts: 67006
Illinois
 
depeche2
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Posted: 10/29/2011 12:40:24 AM
I'm still holding LVS from $9.74 a couple years back.  Best stock I ever bought.  I still think it goes significantly higher.  $80 in a year.
brooklyn1 PM brooklyn1
Joined: Dec 2006
Posts: 2102
New York
 
brooklyn1
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Posted: 11/1/2011 12:39:23 AM
Thanks Wallstreet,  strike price was 50 but I didnt wait ,sold Friday @ 2.50  ...nobody ever went broke taking profits !     
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