Tuesday, December 19, 2006

Sold Some Goldman Sachs and Bought Melco

I decided to take some Goldman Sachs (Ticker: GS) off the table. I sold 20% of my position in Goldman Sachs @ $201.10 generating a net gain of 18.22%. I still like Goldman Sachs a lot and intend on holding onto my remaining position for a bit. I used the proceeds from Goldman Sachs and picked up Melco PBL Entertainment @ $21.87 (Ticker: MPEL). The company came public today and was rather tame, rising 13.42% in its initial debut. It’s a pure play on the Macau gaming market. I’m really bullish on the casino stocks in the US and in Macau. I'm also looking to add to my MasterCard (Ticker: MA) position and reinitiating a position in J.Crew (Ticker: JCG).


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