|
| PRIME
STOCK NEWSLETTER FOR October 2nd, 2008 |
Position
Statement: In our Prime
Recommendation Letter we attempt to identify the
recommendation with the highest probability of
moving higher. We recommend that stop orders
be placed at the time of purchase, and once
the position has moved profitable we recommend
a stop be placed a minimum of $0.375 above the
purchase price and moved higher as the position
moves higher. |
|
Today’s Comments:
The overall market finished Wednesday essentially flat on a day that say the majority of the sector indices I track move lower on the day. The weakest sectors on the day were the Insurance, Technology, Cyclical, High Tech, Natural Gas, Retailers, Commodities, Oil & Gas, Networking, Biotech, and Chemicals. There was strength in the Airlines, Banking, Broker/Dealer, Pharmaceuticals, and Consumer indices. There was not a single index I looked at this morning that appears to have broken its downward trend line. The Bottom
Line: The overall market should move
lower.
|
|
| Sterling
Calendar for October 2nd, 2008 |
| Date: |
Misc. Calendar: |
| 10/02 |
Global Payments 'GPN' announces earnings after the close. Est. $0.59 |
The
full earnings calendar for this week can
be found (here) |
|
|
Recommendation: SELL/SHORT
Las Vegas Sands 'LVS ' |
| Company:
Las Vegas Sands Corp. |
Symbol:
'LVS' |
Closing
Price: $31.32 |
| Web: www.lasvegassands.com |
YH: $148.76
YL: $30.11 |
EPS: ($0.08)
P/E: N/A |
Shares
Outstanding: 355 Million |
Forecasted
EPS:.$1.00 |
Market Cap.:
$11 Billion |
|
| Dividend:
none |
Yield: N/A |
Aver.
Daily Trading Volume: 5.7
Million Shares |
|
|
| Price Target:
$9.51 |
Upside Stop:
$33.49/share |
| Options Rec.:
October 30 Puts @ $3.00/contract |
Options
Symbol: LVSVF |
Additional
information on Las Vegas Sands 'LVS'' can be found (here) |
|
Company Description: Las Vegas Sands Corp. and its subsidiaries develop multi use integrated resorts worldwide. It owns the Venetian resort-hotel-casino and the Sands Expo and Convention Center in Las Vegas, Nevada; and The Sands Macao Casino in Macao, the People�s Republic of China (PRC). The company�s casino resorts include hotels, exhibition and conference facilities, casinos, showrooms, shopping malls, spas, restaurants and entertainment facilities, expo and convention centers, and other attractions and amenities, as well as public common areas. It is also developing the Venetian Macao resort-hotel in Macao, the PRC; the Palazzo resort-hotel-casino in Las Vegas, Nevada; Sands Bethworks in Bethlehem, Pennsylvania; and the Marina Bay Sands in Singapore. The company was founded in 1988 and is headquartered in Las Vegas, Nevada.
Chart updates daily |
A
full list of the news headlines
for Las Vegas Sands "LVS'' can
be found (here) |
|
Our Analysis: The shares of set a new multi-year closing low on heavier than normal trading volume. In the process they closed below a key support level. Additionally they completed what is known as an inverted cup pattern with a measured move to our stated price target of $9.51/share. Our review of the chart of 'LVS' shows no support on the chart below the support level that was broken yesterday. A downward free fall on this stock is very possible. I see upside resistance on the shares of 'LVS' at $33.19 per share, and have set my stops accordingly at $33.49 per share. |
|
|
Stocks
Looking Higher |
NCC, BAC, PFE, HPQ, USB, MRK |
|
Stocks Looking Lower |
JNJ,HAL, BSX, LOW, AMAT, FCX, CAT, JNPR, POT, TGT, YHOO, IBM, VLO, X, WAG, LUV, HON, STX, CY, FLEX |
|
| Yesterday's
Edition of the Prime Stock Newsletter |
The
Sterling Investment series of newsletters is produced
by Sterling Investment Services, Inc. If
you would like to receive a chart on any index
or stock mentioned in this report please contact
us at the below mentioned numbers. We also
offer custom research reports on any stock investment
that you may desire information on. To receive
further information on these services please visit
our web page at: www.sterlinginvestments.com
If you would like to contact us our # is 800-275-6901,
fax # (404)-816-8830 Email address is: enelson@sterlinginvestments.com
Sterling Investment Services may hold positions
in the securities recommended or may be providing
consulting services to the companies mentioned
within this report. |
Copyright
1992-2008 Sterling Investment Services, Inc.
P.O. Box 191767, Atlanta, GA. 31119-1767
Fax 404-816-8830
404-816-8240 |
|
|
| Providing
Investment Banking Consulting Services to Public
Companies |
|
