After seeing what happened with a basically worthless company AIG over the last couple of weeks, is a short sqeeze to $30 possible by Friday? I say this because LVS has a great plan - great properties - improving economies (especially in Asia), etc. I could really see a sqeeze this week that could take us to the high $20s or even $30 plus. The only thing that could get me to sell LVS is if I see a spike squeeze to $30 plus really quickly - we would probably move back down to $20 after that, and I would buy it back. If we continue the nice march upward without a big quick spike, I'm holdong until at least the $40s.
GLTA LVS longs.
Yeah. Given whats been happening and no TRUE reason for fast recovery on this stock, it DOES have a shot at an AIG like jump.
So does Bac and C.
Not just me thinks this.
Barrons does too
Good luck longs
"no TRUE reason for fast recovery on this stock"
I disagree. There was and still is a good reason for a fast recovery. A few months ago, a default on their debt seemed possible. That was taken off the table and Macau looks to doing very well over the last month. Then they have MBS coming online next year. Expectations for earnings are still low. If Vegas recovers next year or Bethworks is better than awful, that just adds to the upside.