Thursday afternoon Otto was mentioning MPEL and I was adding to an LVS position at the same time. Most of the casino stocks have nice charts. I can think of 3 reasons: (1) Macao. (2) Las Vegas and Macao have very little to do with Europe. (3) Earnings showed nice gains, though not back to pre-2009 levels. I have posted a weekly chart of Las Vegas Sands, which shows how the stock has been trading in a channel or range between 36 and 48 for a year, and is in the process of breaking out into a new range. 
Friday, February 17, 2012
Morning Thread
Thursday afternoon Otto was mentioning MPEL and I was adding to an LVS position at the same time. Most of the casino stocks have nice charts. I can think of 3 reasons: (1) Macao. (2) Las Vegas and Macao have very little to do with Europe. (3) Earnings showed nice gains, though not back to pre-2009 levels. I have posted a weekly chart of Las Vegas Sands, which shows how the stock has been trading in a channel or range between 36 and 48 for a year, and is in the process of breaking out into a new range.