Today it began a shakeout from last week's bump, but it also rallied impressively into the close when the broader tape did not. That is not a "warm up" for a 10%+ correction... that is more like "done."
Might this drop your 10% or so from last week's top? Maybe, but unless the borad market is going to pull back to that extent, we would not make that bet.
LVS just posted an outstanding quarter and the stock has run up well... but it is also posed to outperform the group for the entire year now, and the stock should do well, period, with strong yoy comps a slam dunk and now a 2.6% regular dividend (with another special dividend likely later this year).
Lets get one thing put to rest. I don't short any stocks and can't since this is a retirement account. Next I sold 2000 shares LVS Friday at 55.922 and 1550 MGM too. I'm up 100gs in the last 7 months on these stocks alone. I've been in and out of them for years watching them everyday. I'm not a day trader either. In this account it is not allowed. Watch my posts and call me on them. I may get it wrong but most of the time I get it right. Oh I never sell down either. I always stay 40% cash too. Learn sonny.