I am guessin big money wants it to close at 75 today.
I think we have to find out whether we get a license before seeing 100. Just look at the action today. Japan opening up could turn out to be a negative for LVS if not granted a license.
LVS was overbought going into earnings so technically we are seeing a correction. I suspect profit taking in hopes of reentering at a lower price is in play here combined with a lack of buying interest due to the current valuation.
Shooting was in the night club and was probably locals not people paying low room rates. These clubs may generate revenue but attract shady characters.
This is what triggered the reversal
9:36 EDT HOT, WYNN, CZR, MGM, PENN, LVS, BYD, MPEL Nevada reports August statewide gaming win up 11.7% to $955.3M
Subscribe for More Information