Saturday, March 03, 2007

Back From Vacation

I'm back from a vacation to the Far East and also back to a little market correction. I'm still trying to get a good feel for this market. I expect the indexes to find good support at their 200 day moving averages. One stock I'm keeping an close eye on is Las Vegas Sands (Ticker: LVS). I would pick up a few shares in the low 80's. Macau is for real and Las Vegas Sands is the leader in Macau. I visited Macau on this trip and all of the casino constructions taking place is just mind blowing. Here's a picture of some casino constructions in Macau. I've never seen so many cranes before...



And here's the almost completed Venetian Macau...



3 Comments:

At March 06, 2007, Blogger moneymonk said...

China in general is booming. Steve Wynn and Hilton hotels are making their way there as well.

 
At March 06, 2007, Blogger harm said...

There's still a limit to the
number of casinos (and casino
profits) you can have. I like to
gamble as much as the next guy, but
there is a limit. AND, it's becoming
more expensive to gamble. Less of a
'good deal', as it used to be. I
haven't set foot in a casino in
three years, and certainly wouldn't
stay or eat in any expensive
hotel-casino. Wynn's new place, for
example. Is he kidding?

 
At March 09, 2007, Blogger Money Turtle said...

There's a difference between the gamblers in Vegas vs Macau. People go to Vegas for the over all experience such as the shows, food, etc.. while the people in Macau (mostly from mainland China) just want to gamble, gamble and gamble... They don't care for the other stuff. There's definitely more growth in Macau. It's still in the early stages.

 

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