Las Vegas Sands LVS Daily ok to cover the short from near 78

183 5
Banking the profit here on an extremely low risk entry near 78.
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74.40 high in the bounce. The problem here with going short is you have to risk 3 pts to make 3 pts. The odds are better than 50/50, maybe 65/35 for a profit, so over time this is a good trade to re-short again here 72.36. 2:26PM EST 5/20/2014
I wish LVS had lifted a bit more, but now it has a bearish 3-day flag that implies much further, and faster, downside from here. 2:23PM EST 5/20/2014 72.36 last
Actually - the short was above 76.50, so a profit of 4 pts in 3 days.
Great trade Tim! Comfortable exiting this one as well.
+1 Reply
timwest DavideG
Thanks DavideG - close enough - I agree
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