Today, the Market appears set to open higher. The levels we are watching in the SPY are 109.4, 108.3 (res) and 105.4, 107.6 (Sup).
Our best AM Idea for today, which we highlighted in our AM Meeting is to short LVS 23.70 and add position below 22.90.
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2 Comments on “SMB Morning Rundown – June 2, 2010”
Would like to know what factors make LVS a short candidate for you guys. Is it purely technical? Is it more to do with the company itself? Me, I’ve made the bullish case for LVS going up to $30 in the next few months here:
LVS: Future plays, and the future bodes well for this owner of the Venetian brand
http://www.prooftrader.com/AnalystCoverage.aspx?ArticleID=522
(ProofTrader is a stock picking site and community blog where contributors are rated with a 1-100 score over time.)
Would like to know what factors make LVS a short candidate for you guys. Is it purely technical? Is it more to do with the company itself? Me, I’ve made the bullish case for LVS going up to $30 in the next few months here:
LVS: Future plays, and the future bodes well for this owner of the Venetian brand
http://www.prooftrader.com/AnalystCoverage.aspx?ArticleID=522
(ProofTrader is a stock picking site and community blog where contributors are rated with a 1-100 score over time.)