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Banking on Vegas, Macao
Posted at 2:18 PM
Thursday, Apr. 9, 2009
Wind back the clock a bit to 4:40 a.m. HST.
Las Vegas Sands (LVS) was available at 4.45
Bank of America (BAC) was at 8.48.
I opted to "diversify" even with short-term trades and picked up a few shares of LVS. (I already have shares of Citigroup and Wells Fargo.)
Fast-forward more than 4 hours. LVS is hovering at 4.46. BAC surged and is at 9.35.
Crud. Not complaining, but I'll keep an eye on this. Might be a lesson to it. When one sector has such bullish news from premarket on, I might approach things a little differently next time.
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