Hey guys about a year and a half ago i got into lvs at 9 bucks

you have a long term capital gain which = 15% tax. take some off the table. and rubberneck is correct. you should have had a stop @ 50 for at least half

Sell sell sell.   This economy is fucked.  You think people will have money to go to vegas?  I have put options on MGM.  Just bought them last week. 

actually Las Vegas is no where NEAR the major revenue producer anymore for either LVS or WYNN. the "play" is all in the far east esp Macau. Sheldon Adelson as much as said on a local Las Vegas political/business show last year that IF he could get his money out of The Venetian and Palazzo in Las Vegas, he would SELL to concentrate on the Far East and Europe

and Steve Wynn is considering moving his corporate headquarters to Macau (although I don't think that "the smartest guy in the industry" is REALLY going to trust the ChiComs THAT much)

LeRinkRat, what is the best play to capitalize on this in your opinion?

I honestly don't know right now. the gaming stocks have ALL had a monster run since the March 9th, 2009 bottom. I would tend to agree with jeffmarketcap. think they have some more downside. an overall 50% correction in LVS from their November highs would NOT be a suprise. stock is right on it's 200 day moving average. IF it breaks that, next stop should be mid 20's

was watch or local PBS weekly political-business program last night (March 19th) and the Las Vegas R-J business panelist Howard Stutz said that LVS his got a bunch of "he said, she said" lawsuits over Adelson firing the guy that used to run the Macau operation AND a bunch of BOTH Chinese govenment and SEC investigations about possable illegal bribes to Macau gaming officials.

also, the earthquake-tsunami will most likely hurt both Las Vegas AND Macau Japanese tourism

THAT can't be GOOD!!!

Crazy to think it dropped from $133 in sept '09 to $2.28 in Feb '10 .....

Crazy shit to think people pounded it a $2.....

 I remember someone here touting it & I almost bought it under $2/share

Crazy shit to think people pounded it a $2.....

>>>>  

sold WAY too soon, though. TRADED instead of HOLDING and FUCKED UP. made $175k and left 2 and a half MILLION on the TABLE!!!  

was checking the market Friday May 13th and came across this article....

"Las Vegas looks a lot like the new Detroit"

(or Pittsburgh after the basic steel industry closed there three decades ago)

https://www.marketwatch.com/story/las-vegas-looks-a-lot-like-the-new-detroit-2011-05-13?link=MW_story_popularb

both "one industry towns" who's business got beat up bad by "the great recession". mentions (like "Papa Ratte" did earlier) that both WYNN and LVS are pretty much China operators now. what they didn't mention directly is Las Vegas WAY overbuilt casinos on BOTH the strip and local joints in the 1990's thru early 2000's.

also, just to once again the Steve Wynn is definately "the smartest guy in gaming", he sold his Mirage corporation properties on the strip to MGM at the top of the market and used that money to build his Wynn and Encore resort here AND, even more important, bankroll his Macau operation.