The entire group turnaround was impressive today...
Seems that a few algo sell program deployers have decided they have shaken out all the easy pigeons and it is time to cover in before everyone figures out the VIPs are going to be there as usual... and that the CHinese NY celebrations generated huge/record mass and high end mass numbers this year, and also that LVS is gaining share big time with the cotai Center now fully open.
I wonder if they have all the 200 tables deployed yet.
Today's tape is entirely consistent with those comments... so are the options prints. The shakeout is done -- prepare for the lift to new multiyear highs as the new flow improves and the comps are dynamite for LVS on recovering GGR in Macau/Cotai, but also LVS share gains and better blended holds.
See drjacks post on Stern Agee update... as a few of us have sugessted is likely to happen on GGR and shares for LVS, LVS is slamming! Stock is going seriously higher when this data is officially reported next week.