Fidelity reported their 13F showing 10M LNCO new position.
My experience with Fido is that they are not the sharpest
tool in the shed. They bot 95M LVS in March 09 when LVS
was struggling with a closed capital market and Singapore
and Macau projects in full swing. Fido paid $5.50 (Adelson put up $1B)
but Fido sold over the next couple of months for a loss and
drove it to $1.38. Just check the chart after Fido sold. Looks
like the same MO happening again this time with LNCO.