Wednesday, March 17, 2010

16/03/2010 - Thoughts

LVS retraced on Monday U.S time due to the awaiting of Fed's meeting results on Tuesday.

On Tuesday, after Fed's meeting to maintain the low interests rates, optimisim from investors/institution is on an upbeat.

LVS went up to Day High of 20.11 & closed at $20.06. After Trading hours, last transacted at $20.25 . I'm looking forward to another 2-3 days of uptrend/consolidation for LVS to form a new support at $19.12 . If this happens, it'll add onto my advantage for Apr expiry as Volatility against me, Time Value & Intrinsic Value reduces.

Looking forward to a smooth APR expiry.

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