Tuesday, September 15, 2009

LVS and MGM Gap Up Again

Watch these two stocks carefully today. Both gaped up again. MGM is in resistance, LVS has cleared its closest resistance level. Both are a long ways above their 50 day moving average and any reasonable level of support.

These stocks have had huge runs and could turn on a dime. We are watching them carefully for sale. If they were to drop a bit after we sell them, we would be inclined to buy them back, but we see no reason to hold them through any correction.

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