More Insider Buying Than Expected
Q: Not only did CEO buy - Adelson Sheldon G, Chairman/Board,CEO&Treasurer: reported buying $23.15M - Adelson Miriam, 10% Owner: reported buying $23.15M Thats 16 million shares... Holy crap thats alot of insider trading.
A: LVS is looking good now - I got in large from 1.50/share until now. Took some profits along the way but I never lost my position concerning #shares owned at the good low price. Who knows what happpens from here but we may not be seeing 2/share again this decade - better load in now at 3 - 3.25/share if you are short or in cash. My greedy day trading half tells me to sell at 3.45/share, but my common sense half tells me to hold for the bigger gains to be made later. Why sell now ? - Sheldon A just loaded in big - I dont think he will be day trading his own company. PA casino opens fairly soon. Uptick rule changes may happen soon :) Buy & hold now - we may see 2.75 - 3/share again, but I dont think much lower. The only thing worrying me right now is the banks/insurance stocks seem to be having troubles again & the GM bankruptcy - might bring the market down again. Your greedy day trading half might get the best of ya. I'm excited about getting in long on the next dip. Looks like 2.50 could be possible (less likely than when I first speculated) - but possible. I just wish i had more money to buy. My avg is 4.9, so a ways to go. Do you think the M2M possible changes tomorrow will be good for LVS? I am in C so I hope that shoots up. I hope they make an adjustment and the whole market gets a boost.