Friday, March 12, 2010

Bookkeeping: Selling 90% of Las Vegas Sands (LVS)

Yes, it's consumer discretionary.

Yes, it's a breakout over January 2010 highs.

Yes, all is bright and wonderful in the world and stocks can rally without end and nowhere near support for weeks on end.

But I will let someone else carry the water from here.  I am selling 90% of Las Vegas Sands (LVS) with the stock up nearly 20% in just over a week.  (sold some earlier this week as well)   There is a gap down there in the $17.30s area so I'll place a limit purchase order to buy back the shares near that point at some point in the future.  Might take a few months or a few weeks, but eventually this volatile stock will get back there.

Long Las Vegas Sands in fund; no personal position

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