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Las Vegas Sands Corp. Message Board

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  • do.john67 do.john67 Oct 7, 2010 1:10 AM Flag

    Watch Out Below!

    I am not saying I told you so. Just reminding you that I made my claims before LVS started its decent.

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    • Did you mean to finish your sentence with - "decent" move to the upside after positive news out of Las Vegas? You did cover Friday - didn't you? Nothing like fighting the trend.

      Look, it is amazing. Since July, every pull back in LVS has lasted about 2 days - ending each time with the stock roaring back on good news. The stock has barely reached overbought the entire time. The RSI has been below 50 on one day since July 19 and the money flow index has shown positive - without an overbought signal since July 20. I know a lot of people don't follow technical data, but the technicals are following the fundamental story here without ever saying short. A move below 35 on strong volume last Friday would have pointed back to 32 - but that is not even close to what happened.

      Every time someone said that LVS is getting ahead of itself was just guessing according to charts. I am no expert - trust the share price instead of me.

 
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52.57+2.43(+4.85%)Jun 30 4:03 PMEDT