What ever your reasoning for projecting a close at 46-47 I have to agree. Calming words out of China do not change the fact that manufacturing is slowing which means exports are slowing and less money coming into the country. Less work for the people means less money to spend. This is a gradual slowing of available money at the casinos. This quarter may be good but at what point does it drop like a stone?
Growth may slow and casino growth may slow, but will continue to grow. I don't see any quarterly profit drop like a stone. ER growth may slow, but will continue to grow so I don't see a fundamental reason for the share price to continue to drop.
I wish you would tell everybody how you predict the future. Also why are investors that hold a stock pigs? This stock is properly priced for earning, cash and growth. Also LVS is hit for various reasons and these reasons are not because of the present price !!!!!