Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Anyone wants to build a Sands castle?

I meant the the castle of Las Vegas Sands.

Weekly chart below shows that LVS downtrend was stopped at 61.8% level (b/w Oct 2011 Low and Apr High).

Yes, it is a Fib retracement  play.

Giving the persistent downtrend for the last 5 weeks, it “may” walk back up to the $60ish level if market condition turns bullish due to 2012 being the Presidential election year…

Bought a starter position here @ $47ish.

Below is the weekly chart

Below is the daily chart.  Notice that stochastic is turning up at this point.

If you enjoy the content at iBankCoin, please follow us on Twitter


  1. zenhunter

    Dumped my LVS this morning for a small loss since the Sands castle couldn’t hold.

    Love my small losses.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Teodora Schneekloth

    I had been imagining more about some certain groups that want to shut down the local homeless shelter.

    • 0
    • 0
    • 0 Deem this to be "Fake News"