It makes sense to cover any LVS short position taken on the original SSS alert at 38.48, right off the 200-dma, which is our first-stage downside price target for the position. That yields about a 15% gain in the stock, which is quite acceptable at this stage of the shorting game, which is still in the early stages and therefore dictates taking a "tactical" approach vs. a "strategic" approach.
SSS - Covering LVS For a Profit
|Published:||14 Mar 2011 17:21 ET|
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