Just shorted LVS at average of $43.62, at slightly just above Kjiun line of the Ichimoko Clouds.
Stop loss will be placed at just above high of prior day's high.
This is a relief rally to me. Investors/traders who can't get out in time during the high volume drop at first day of March 2011 would be itching to sell their holdings at this level. I kinda like attempt to fade the rally.
OF COS, hindsight is always 20/20. I will know if i am correct as time unfolds itself.
I had covered the LVS trade here last week (click here for elaborated explanation).
Stop loss will be placed at just above high of prior day's high.
This is a relief rally to me. Investors/traders who can't get out in time during the high volume drop at first day of March 2011 would be itching to sell their holdings at this level. I kinda like attempt to fade the rally.
OF COS, hindsight is always 20/20. I will know if i am correct as time unfolds itself.
I had covered the LVS trade here last week (click here for elaborated explanation).
No comments:
Post a Comment