The market chose to advance 200 points today. There is definitely strength in the market as players are looking forward to better employment numbers.
The economic data today (ISM) beat expectations, fueling bullish sentiments.
This is the time where many new retail players become greedy and start buying the market at its high level. I am staying away from buying shares now.
LVS is a short now as the stock has risen so much due to Singapore and Macau. However, the valuation is pricing in an enormous growth rate of 30% annually which is rather unrealistic.
This is a short term short to $24.
Disclosure: has a short position
1 comment:
I short this stock 200 @ 27.88. I hoping that your analysis is right.
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