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  #1  
Old 11-17-2008, 09:20 AM
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Shorted LVS & TGT

LVS short @ 6.92

TGT short @ 34.31
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  #2  
Old 11-17-2008, 09:39 AM
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Cover LVS @ 6.32 (+0.60)

Still holding TGT
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Old 11-17-2008, 03:20 PM
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LVS short was on the news they put out themselves:
Las Vegas Sands Corp. (LVS, $6.33, $0.22, 3.60%) said Monday it removed the going concern doubt expressed earlier, following the completion of a securities offering that raised $2.1 billion in capital for the casino operator.

They've said a lot of things. All BS. Made a nice fade.

The TGT short is just common sense to me. Christmas spending is going to be next to nothing imo and TGT has concentrated on nicer stuff designed around having extra spending cash. They'll have to cut prices hard to compete with WMT. Retailers overall are hurting. I'm expecting TGT to test 30 like it did Oct 24th. Although I don't know if I'll keep it until it does.

This bear market should go on for a while imo. There are no investors left and there's nothing solid to get a bull going. If GM or Ford goes bankrupt, there will be zero confidence left.
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  #4  
Old 11-18-2008, 01:34 PM
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Had a trailer on TGT that hit on the bounce today @ 31.21 (+3.10) Not too shabby

LVS dumped out today again. Man, no one trusts that management.
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