$LVS - Beauty and the Beast

$LVS 

You Snooze you Lose - Sleeping with the Beauty...yeahhhh that sounds like fun...but what if the Beast comes along with his big teeth and skinny legs and catches you sleeping with his beautiful $LVS?...

2 Possible Outcomes:
$LVS + You have a baby 
(Which essentially means you win and you got away and ran away)
or
Beast + You have a baby 
(A really ugly baby....BEAST NO CARE! THE BEAST NEVER LOSES! THE BEAST IS THE MARKET!)

Side Note: I will have to shamefully announce that I lost against the Beast on Wednesday April 3/2013

So I related this stock back to The Beauty and the Beast, and you may ask why? OK the relation is not perfect, no lie, but honestly I could not think of anything else, I needed to give you (my readers) an example and something fun to read. The reason I call it The Beauty and the Beast because $LVS has 2 sides. The Setup it gave me was beautiful, but as you can see after it was done doing its business it turned into a beast and that is it! It morphed into an alien and went into outer space...and that is why I always alwaysssss stress, do not ever mess with $LVS unless honestly you know what you are doing. It is such a fun stock to watch, it will always surprise me, it still does to this day, and I knew my time with $LVS would be short lived.

I saw a pattern develop, if you examine the charts, this pattern has similarity to my previous $LVS trade, just go back to The Hitesh Sharma Fail, the setup was that I saw it consolidating after pull back from a massive decline. I think the Beast from the Beauty and the Beast is a weird buffalo, so today I took my time to understand the buffalo, I knew I hunted the buffalo 2 days ago and the buffalo hit me with its horns and I ran away, but I again the buffalo and I didn't burn our bridges and we met again, and today I won. Imagine I traded $LVS everyday...I'd probably be able to understand this buffalo and turn it into a little rodeo cattle and tie it with a rope and take it home, but that is a waste of time. You may ask why? BECAUSE there are so many other buffaloes out there! On to the NEXT ONE! If I have time, I will update my Thursday April 4 2013 trades. I did 4 trades....that's a lot of writing / charts....

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