LVS at pivotal point

Las Vegas Sands. Debt. Gambling. Overage (buildout). However you describe it, LVS is true to its DNA. They risk big, win big, lose big. Quite awhile back, I took a look and found that LVS was interesting but not attractive. That was about $100 ago.

Now, even after rising from an all-time low of 1.38 to a recent intraday high of 9.05, it's a risk. Not everything has been resolved, though I tend to think LVS will bounce back strong. Just a hunch. It'll be a long, long time before the stock returns to 120. For now, resistance at 9 is a thick ceiling. If and when LVS busts through, it has to take out 16.81. Then it might be off to the races.

For anyone who bought below 5, you're sitting pretty, I think. I got in a little at 5.77, sold at 6.95, forgetting that Guy Adami had handicapped LVS to hit 8.00-8.50. Now that LVS is at 8.00, it could sell off again and get buyers a better price. Then again, it's sold off since hitting 9.05 on Thursday.

Never took a close look at WYNN or MGM. Why? I never stayed there. My only trip to Vegas, I was put in the Venetian (work-related conference). That stuck.

I'm long LVS just a bit and may add if it dips to 7ish. Holding for 10. Maybe 16.80. Possibly 50.