Las Vegas Sands Investors Optimistic of Future
There is a lot of optimism surrounding this stock that lost almost 100% of its value in the market in 2008. Las Vegas Sands Corporation (LVS: 26.69 0.00%) is expected to lose some ground in Macau and Las Vegas this year due to the slowing economy and recession, but a new opening in Singapore has investors excited about the future.
Las Vegas Sands has been one of the most volatile stocks in the market over the past several months. It seems to be taken over by day traders who drive the price up to its limits, then sell it off until it reaches its lowest limits, buy it up and continue the cycle. The high exposure of the company means high trading volume and with such risky buyers that base their decisions on today’s news it creates an ideal enviornment for day traders.
Not much news has been reported about the new casino that is to be opened up in Singapore. In 2006, when LVS won their $3.2 billion loan to build the project Adelson said it would be used mainly to draw customers via conventions. The casino is expected to be one of the biggest and magnificent in the world.
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