Wednesday, May 04, 2005

Finally Made a Trade

Well, today I sold Las Vegas Sands (LVS). I managed to get some shares back in December at the IPO price of $29. I should have taken my profits when it was higher, but you just can't look back. Yesterday's earnings report didn't give me a good fuzzy feeling. After listening to the conference call, I just didn't have the conviction to hold on. They're still trying to get a good handle on the Macau market. Macau will be intensely competitive when Wynn and MGM enter the market. I didn't have much in LVS, but I'll take a 20% gain over a ~5 month period anytime.

I'll start looking for some new ideas...

3 Comments:

At May 06, 2005, Anonymous HK Blogger said...

Hi.

You may consider two stocks on the Hong Kong exchange - Shun Tak (code: 242) and Melco (code: 200). They are established Macau casino plays. I have some articles about them on my blog:
www.hkrag.blogspot.com

Also, a letter sent to Thoratec (THOR) investor relations about a possile M&A:

Sir/Madam

You may have heard of the company Ventracor. It is a LVAD company listed on the Australian stock exchange.

Website: www.ventracor.com

Ventracor are developing a third generation device which directly competes with Thoratec devices in the LVAD market. They are very advanced with European trials and the US initial trials have been approved by the FDA.

Recently the stock price has dropped on Ventracor (stock code: VCR) to very attractive levels making the company a prime take over target.

Is Thoratec planning such a move on Ventracor? If not, it would be prudent to consider.

 
At May 09, 2005, Anonymous hk blogger said...

http://www.ventracor.com/news/news_item.asp?newsID=330

 
At May 10, 2005, Anonymous Money Turtle said...

Thanks for the info. Not much info in the US about this company.
I'll check it out..

 

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