NYSE : Las Vegas Sands

Las Vegas Sands
LVS has always been one of the best gaming stock for me. They have divested out of the Vegas Strip and have now captured the second largest market share in Macau, behind only SJM Holdings. On top of that, I believe the Marina Bay Sands in Singapore is destine to do very well.


This is exactly the reason why I'm taking an unusual risk yesterday. As many of you would probably have known, I seldom buy a counter base on very short-term charting. This time round though I feel that LVS has alot more upside potential and I'm very looking forward to their quarter result announcement. An entry point around the region of US$36.50-$36.60 looks good. ***Note : Please do not buy too much, As I said, this is an unusual move.


Buy Las Vegas Sands at US$36.60.

NYSE : Quiksilver Inc

Quiksilver Inc
Quiksilver Inc is an apparel company that designs, produces and distributes clothing, accessories and related products for young-minded people. One of my favourite brands around for all my beach wears.


The company stock has taken some beating from the recent high in late April, dropping from US$6.09 to as low as US$3.37. The company is in the black and announced EBITDA of $53.5mil. Revenue has drop a little comparing to 2009 but profit has increased. It seems the stock has now reach a fairly good price.


The stock had actually broken the downward trendline on Wednesday but due to market uncertainty, I didn't feel that it is a good time to enter. But on Friday it seems to have found the strength to push further. I believe there is potential for it to hit about US$4.65.


Entry price : Any price below US$4.25
Cut loss price : Around US$3.95 where it will break the recent upward trendline
Target price : Around US$4.65 (looking forward to end Oct quarterly result)

NYSE : MGM Resorts International Reaching Target Price

MGM Resort International
Wow wow what a day Friday was! The gaming stocks rallied yet again. This time round coming from the good news of the Nevada revenue growth. Naturally, MGM with their number of businesses in the Las Vegas Strip had the best response to it, rallying to close at US$12.67.


The after market trading push this stock further up to US$13.56!


I've got to be honest here though, for those of you who did not manage to take profit on Friday, you'll most probably take alot more than me on Monday. I sold the remaining of my MGM shares at US$12.68 for a good profit of about 18.5%.


Sell MGM Resorts International at US$12.68

NYSE : Iron Mountain Inc

Iron Mountain Inc

Iron Mountain Inc is one of Warren Buffett's favourite stock recently. The Berkshire Hathaway has over few occasions acquired a big amount of the company stocks.

Yesterday was a bad day for Buffett, Berkshire as well as Iron Mountain. The stock drop a whole 10% before pulling back slightly to close at a drop of 8.6%. This come amidst news of the company's 2011 forecast results, which of course is worse than expectations. At the same time, Iron Mountain has authorized about $200mil for another round of share buy back program.

Overall company financial statement looks sound and company is making good profits. The shares buy back should also help to improve the value of the liquid stocks in the market. I'm giving this counter a buy with a long-term view.

Entry Price : US$20.45

Cut Loss Price : To be safe I'll put it as US$19.50

NYSE : MGM Resort International Inc

NYSE : MGM Resort International Inc
It's a real pity we cut stop MGM the last round when it drop. As I said before, I'm very bullish about the gaming industry and it is for all to see that LVS, SJM and Genting went up alot in the recent months. MGM is one of the most heavily shorted counters in NYSE. Although MGM's performance is nowhere near the rest, I strongly believe it's at a very attractive price still and there is plenty of room to go up.


Recent few days performance has outperform LVS (which I feel isn't alot of upside potential now). MGM has broken it's recent downward trendline yesterday with a strong 8% gain. With this gain, it also forms a higher high and I believe this counter should start a gentle uptrend soon.


Entry price : US$10.73
Cut loss price : US$8.92
Target price : Approx US$12.50 (there is potential to be more)

NYSE : MGM Resort International Inc

With regards to my MGM Resort International post earlier, yesterday night it seems MGM have dropped to our cut loss target price.


You may have sold of your MGM yesterday night near market close at $9.14. Unfortunately this was one trade which didn't turn out good. I'm still keen in looking to enter this counter at another better entry point.


As of now, Dow Jones Industrial has closed below the 10,000 support level. It seems the market has taken a bad turn and might tank further. It is advisable to sit out this period and monitor for any turn in events. I do not believe it's worth shorting the market now as companies seems to be performing well.

NYSE : MGM Resort International Inc

MGM Resorts International Inc

MGM Resorts International Inc has just recently posted their second quarter results which was bad. The company lost $883 million, or $2 a share. However, this was due mainly to various charges, which if removed, the company would have lost just 35 cents a share. This information was published from MarketWatch. Base on this, I felt that the company's share is still worth taking a look at and I'm expecting a much improved result for their 3rd quarter.

From my technical chart analysis, the timing looks good to enter pretty soon at a price of $9.90.

Entry price : $9.90

Cut loss price : $9.20

Target price : Around $12 (will post when I feel it's time to sell)