What should I do with Las Vegas Sands?
I recently bought LVS at and it’s now in the category with the company posting some items saying they are not looking to good. I am ok with long term investments, but not sure when to call your losses. It’s about half the price I got it for right now. Is it a good idea to wait out the economy, when it rises so will LVS? Thanks
3 Responses
Net Advisor
08 Feb 2010
mister?
08 Feb 2010
build a sandcastle sorry I don’t know.
Franco
08 Feb 2010
Sooner or later their price will go up again, but it will take a long time to get your money back. I would sell them and chalk the loss down to experience, not to buy commodities at their peak.
Ouch.
"call 911"
— Wall Street (1987) (Movie Quote)
Well you prob bought it AFTER it ran up what 300%? The investment rule is NEVER chase returns. Odds are one will lose money when chasing returns.
There is concern that LVS will not be able to raise capital they need. This was true BEFORE the stock had that big short covering surge lately.
Who is going to lend to them?
What are the odds of that? (slight pun intended)
I couldn’t tell you what is going to happen. I typically like to buy puts in this market if I dare get an insane moment and go long – which has been very rare for the last 2 years.
You could always sell covered calls. If you are not familiar with options, then I’d see someone who is an expert to assist.
Good Luck?