After a nice vacation, I will begin posting trading opinions again.
As said earlier, I am trading LVS, CLF, BAC, MT.
So far CLF, BAC, MT have all reached my trading target, while LVS did touch my target of $50 and has retraced to $47 (which was a good entry).
I am targeting LVS to touch $55 next, and I think that Casinos in Japan might become a reality this year. LVS and WYNN will be the best casino operators to place your bets in Japan.
MGM has roared to $16.. A good 45% from the recommended buy price at $11.
With the european crisis slowly coming to an end, I am becoming more optimistic on the prospects of Euro stocks. Watch for improvements in that region, and stocks to follow are MT, STD.
A stream of earnings will be out next week. This will be no ordinary January where large caps usually fall, but rather a normal earnings period week where stocks start jumping upwards due to the current pessimistic climate where many hedgies want a correction but funds are not allowing them to exploit on such long/short strategies.
Happy trading.
MASSIVE CROWD AT JFK International Airport! Lots of tourists coming to new york.
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