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LVS

🎰 Las Vegas Sands : LVS - LONG, lets spin the roulette!!Hi mates is perfect setup for breakout of the big bullish flag NYSE:LVS here is data for my trade: ------------------------Trade setup --------------------------- Entry: 61.75 Stop Loss: 58.26 Profit target: 73.91 ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
NYSE:LVSLong
by Tomasgei
2
Hold or fold? #stocksNot sure if it was the Adelson news but LVS is the biggest loser in my portfolio today and is approaching a key level that will determine my next move. I was playing for a breakout above the range (rectangle) above 56. The stock held the highs of the range for over a month but has now slipped back into the range and is approaching the line in the sand at 53. If the stock can stay above 53 then I will stay at the slot machine a little longer and hope for some better performance over the coming days and weeks. Below 53 will force me out and I will have to re-evaluate my next move.
NYSE:LVSLong
by IngenuityTrading
2
$LVS Oversold Finding Support - Bullish Options Activity$LVS Oversold finding support in the mid-40s today - bullish hammer candlestick on the daily chart. Monitor for confirmation green candle tomorrow - breaking through the $47.50 area will be key. Bullish Options Activity: 19k $47.00 strike (OTM) Dec'20 calls traded today vs open interest of <1,500 (14x OI) for $8.5M in option premium Near term price target: $53.50-$55.00 by late October Note: This is NOT investment advice.
NYSE:LVSLong
by Triple_Barrel_Capital
The Big Short are US Casino OperatorsUS Casinos stocks are about to make 2008 look like a correction. Let me explain: US culture is not European culture, nor is it Asian culture. This is why I don't want to touch casino operators that derive most of their revenue from Macau, like Las Vegas Sands (70% of revenue is generated in Macau). Asians are comfortable wearing masks and do not have high rates of obesity, which is one of the worst things if you're infected with the COVID-19 virus. I am American, originally from NYC. I currently live in Spain. There are major differences in how rules are followed, and how policy is established. I won't get into my opinion on how Americans don't like being told what they can and cannot do, particularly rules established by the government, but there is a huge contrast when compared to countries in Europe or Asia. I am confident masks will not be the norm anytime soon, particularly in the "red states" where US casinos established their properties. Red states have incredibly high rates of obesity. If the virus plagues these states in waves over the next 6 - 12+ months (like experts believe it will), I think death rates will likely be higher in these regions. As death rates start rising, more local casino visitors will be a lot more careful on the type of entertainment they decide to seek out. This is the year where gambling is crossed off the entertainment list for everyone. Could you imagine being dumb enough to be older than 60 years old and going to a casino right now to play slots? Who plays slots? THE MAJORITY OF SLOT PLAYERS ARE OLDER THAN 55 YEARS OLD (according to a study done at Harvard) & slot machine revenue accounts for approximately 50% OF ALL GAMING REVENUES ON THE LAS VEGAS STRIP and 75% of ALL REVENUE in metropolitan and regional casinos. Ask yourself this question - if you were older than 60 years old, would you risk being infected to probably lose money at the slot machines? The economy has absolutely ZERO chance of bouncing back quickly, especially in states where technology is not their strong suit. Let's talk about farmers for a bit. Grain prices are getting crushed. In my opinion, we are on the verge of a deflationary spiral. US producers are in trouble if prices continue to break down. We are traders. We know the prices of agricultural commodities. Look. Out. Below. I don't know what percentage of farmers are gambling at any of the properties owned by Boyd Gaming, but I do know all of their properties are in states where agricultural farming is one of the most important industries in the state. Older farmers with thin margins are not likely to be their customers. Let's take a deeper dive into the geographic diversification of Boyd Gaming. Here are the properties they own: Properties: LAS VEGAS >30% obesity rate Aliante The Orleans Gold Coast Suncoast Sam's Town Eastside Cannery Cannery California Fremont Main Street Station Jokers Wild Eldorado ILLINOIS >30% obesity rate Par-A-Dice INDIANA Blue Chip Belterra IOWA >35% obesity rate Diamond Jo Dubuque Diamond Jo Worth KANSAS >30% obesity rate Kansas Star LOUISIANA >35% obesity rate Amelia Belle Delta Downs Evangeline Downs Sam's Town Shreveport Treasure Chest MISSISSIPPI >35% obesity rate Sam's Town Tunica IP Biloxi MISSOURI >35% obesity rate Ameristar St. Charles Ameristar Kansas City OHIO >30% obesity rate Belterra Park PENNSYLVANIA >30% obesity rate Valley Forge Now that I've given my basic economic argument on why I think US casino operators are in danger, let's confirm that with some charts: Finally, here is my analysis on BYD 3 years ago. I was a bull. Timing is everything. I am a technical trader, so no matter how logical this whole story is, the foundation of my strategy rests on the price action working in my favor. Know your stops based on the charts, not the story. Till next time.
NYSE:BYDShort
by Lanmar