MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Lizzie Tudor who wrote (18773)	12/20/2004 11:44:36 AM
From: J.T.	Read Replies (1) of 19219

I am watching the worm turn in many of these casino stocks that have rocketed up 20 to 30 bucks since late August. HET, MGG, WYNN etc CZR has more than doubled in the last year and a half. Now, the New issue LVS is in play. LVS has reversed and is down 5.6% today around $50.00 - down $3 bucks. It traded below $49 just 15 minutes ago. Many speculators and traders are rolling the dice and riding this latest craze. What happens if LVS breaks its open intraday low of $47.50 last Thursday? Will traders have the discipline to cut bait or play with the devil and double down? - A BIG NO NO for those who must practice what they preach. Would love to hear from any trader playing the game and the strategy they plan to entail in real time. Cheers, JT

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