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.
Tuesday, September 15, 2009
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