Monday, October 4, 2010

Bookkeeping: Selling 33% of Las Vegas Sands (LVS)

Las Vegas Sands (LVS) continues to act in excellent fashion from a technical perspective.  After layering in a large exposure on September 23rd, it has broken out...based, and today is moving on a 2nd leg upward.  In a vacuum this is one to keep holding onto (or if anything adding to) but of course we do not exist in a vacuum.  To lock in a portion of my gains (10-11% in about 2 weeks), I am selling 1/3rd today on the 4%ish move up.

The greater market remains stuck between 1131 and 1150; aside from a peek above 1150 last Thursday we remain in a tight range of 19 points.  Waiting to see how this revolves before making any intermediate term moves.

Long Las Vegas Sands in fund; no personal position

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