I think this says it all folks. Great work dude $ $ $ $
More of a tea cup formation in the charts. Bullish. Sell off has been due to ridiculous news like "cashless casinos", spear headed by Reuters. Chinese gaming regulators do not want to ruin this cash cow to the region, so that story is waaaay overblown. Program trading has been kicking in (shorts coming in) and the idea of a REIT spin-off has waned, giving shorts more confidence. More importantly look at the gap between $48 and $62 last year. Yes, we may hit $49.50, but soon after that we'll see $62.25. Macau is still booming and more tables and rooms have been added recently to Cotai. Most importantly, remember when all the "falling revenue" talk kicked in mid October when LVS was at $44 and we were told Macau growth was around 7% and two weeks later that number was revised to 14%??? Anybody remember that??
The British rumor left a bearish mood.
When it was 53-54, weird volatility was randomly happening.
Some sellers/firms have been throwing huge orders.
Those incidents spooo'ked many.
As soon as the PRE-revenue forecast tanked HK casino stocks after the long weekend, people just gave in.
It dropped like a rock from $53 to 50.
Does it matter if the February revenue forecast was fluke?
Would the #$%$ apologize for mistake? Damage has been done.
Buy the dip, let them do the discount work.