i think this will probably stay great play, at least until las vegas sands starts diluting the market it its own macau ipo. you won't win because of me. you bought 39 because of me. ring the register a little. you want to get in on wynn? let the profit taking occur, and then pounce. i sense the stock will retreat to 64, 65, before bouncing up to my $90 price target by year end. when we see how much value macau's creating for awful wynn's shareholders. let's go to mary in new york. mary. mary? >> caller: yes. >> how are you? >> caller: great. and you? boo-yah! >> boo-yah. great to have you on the show. how can i help? >> caller: i'm just wondering about las vegas sands, lvs. >> yes. >> caller: i bought it because i heard that it was going to come in for the ipo and all that. and now i've doubled my money, actually. but now it's going down in the past three days. i'm getting a little nervous, and i was wondering, could you tell me what i should do, should i keep it or should i sell it? >> no, mary, you doubled your money. let's just use mary as an object lesson. okay? we've been very bu

these are really -- las vegas sands and wynn are really the two best names in this space because they have great exposure to macau and they have come a long way. but remember, las vegas sands is still well below its 52-week low. >> i always stay at the wynn. that's my premier place in las vegas. >> that's because they're comping you. >> now they should comp you for sure. >> please. >> if i got comped, i'd stay there too. >> but sands is a much more attractive price. a lot more up side potential. >> all right, scott, thanks so much grour time. i'll see you later on. "options action." of course don't forget to catch scott and myself on "options action" at its new time, 8:30 p.m. eastern time on cnbc. okay. the flifrs anniversary of lehman brothers' collapse just a few days away. the impact rippled through and affected traders on this desk tonight. tonight we hear joe terranova's lessons from lehman. >> some of the biggest names in american business are tonight gone along with a lot of money and a lot of jobs. >> never before had the actual model of the financial markets themselves come

we're going to move in las vegas sands. but then go back to september 16th. look at mgm and lvs. traded about 135 million shares. huge volume. shorts got squeezed out. they made basically the highs we've seen for the last year or so and then reversed and went lower. i think that was basically the high for a while. i'm saying get out. >> take a look at the bottom of your screen, we're flashing this, potash cutting its 2009 earnings guidance. i don't know if there's sort of volume in the after-hours action on potash. this is a name you'll want to follow come monday when the markets open and we do see the stock trading lower in the after-hours. again, reducing its 2009 guidance. would anybody buy potash -- >> we've been talking, dennis gartman, pete, we've all been talking about potash inventories. potash inventories are still uncomfortably high. and if you look at the gain market, the fundamentals in the grain market, it just isn't there for potash right now. >> i don't think this is a big surprise. we've heard it from k & s, mosaic other, guys that the demand is not there. if they

las vegas sands is very speculative. a stock that's already quadrupled. prefer wynn las vegas sands. i would rather see in a bp for a 6% yield. a little bit safer. a little bit more conservative because i think that you're speculating right now out of the box and i don't like that. pick up something a little bit of yield that still makes some sense or, look, if you want to speck, go buy some apple which i am still using at a much bigger higher price target. thank you for recognizing on what we do on this show. i appreciate it. current nis kentucky. curtis? >> caller: yes, jim. georgetown kentucky, boo-yah. i'm in the game, jim. >> i've been to lexington, i've gone into georgetown. i know how pretty your towns are. visiting the old judge pritchard before he passed away. what's up? >> caller: stec. >> you're talking about derams. you're tacking about allocation. you're talking about a stock that's going higher. you're talking about the red-hot -- and i want to own for myself. how about we take one more. betty in florida. betty? betty? >> caller: hi, jim. >>

las vegas sands. call volume this week was three times its normal option. welcome back. you heard ou lvs calls were active ton that sizzle index. this stock is up an astonishing 1,000% in the last six months. scott, you're watching this space and this call activity. what did you make of it? >> earlier we saw buyers step in and pick up 15,000 of the january 20 calls in lvs. this is the same expiration we saw somebody buying the $15 call. while it's up a ton, the 52-week high is still in the 40s. given the situation in macau, they have that straightened out, that's what call buyers are shooting for, that 5 -week high. >> time for "called out." it's the losers that can be the most instruck tif. dan recommended a put spread in palm. that trade didn't work out so well. he put the trade on once again but the pain is still in the palm of his hand. >>> just because we're risking less to make more doesn't mean we'll always come out ahead. case in point, dan's put spread on palm. >> i want to buy the november 14-9 put spread. >> they're betting the stock will go lower an they're w

. >> las vegas sands getting an upgrade. the options kind of business on this name. >> that's absolutely right. we saw a bunch of buy eers both las vegas sands and wynn have great exposure so they're headed higher. >> intel got an upgrade but they are flat. >> i would buy it. if you like tech, you have to love intel. emerging market growth is coming into play. >> going to take a break. on tonightap, charlie gasparinon exclusive interview with john mack. >>> maxed out at morgan, but was this the right move and who is getting the nice next? >>> and the bears have been calling it for months. so when is that correction coming? we check the market forecast. >>> plus, it usually flies under the radar, but don't make it angry. is the biopharma trade getting ready to explode? on america's post market show tonight. >>> welcome back to the "fast money" halftime report. time for your "power lunch" trade to go. we're all watching morgan stanley which is approaching session highs right now as well as goldman sachs. pete, you're watching j

las vegas sands sharing tonight at $15.88 a share. retailers hit 52-week highs.ary thompson has a closer look at retail. >> over 60 new highs at the new york stock exchange, a level approaching what we saw the last time in the heat of the summer rally in july and august. among those hitting new highs, the gap. after reporting a smaller than expected decline in same store sales getting a boost from neutral to outperform. poised for a better performance, closing up 2.30%. up 9%, credit suisse says accelerating trends at old navy are key. old navy having been a sore spot for the gap and banana republic stores recently. >> kohl's up a buck. they have done a terrific job delivering value. the yearlong 73 in micron technologies upped to a buy. they expect the d-ram schips to rise in the medium term. to campbell's soup, $8 below the 50-week high. volume was good. trading more than 10-day average 1.4 million shares and all of this ahead of fiscal fourth quarter earnings due to be released on friday. the stock finishing with 3.75%. the earnings for campbells are predicted

>> they say somewhat overlap particular we las vegas sands and mgm-mirage.ne thing right now for mccowan is mccowan. you had 40% game revenue growth. august had you had 17% year over year. game revenue growth for the market. i think september and october will be even stronger. and i think when you have a mccowan going forward is i think the government there is supporting progrowth policy with easing travel restriction, putting caps on commissions to junk operators to help the profitability. and things feel much, much better for mccowan right now. >> i read your note and i think where you are absolutely spot on are regional players like boyd because i think that things like aqueduct getting slots is a big hurt on what's going down, down in atlantic city. so i think that the focus more on vegas, more for that because, like you say it's one of the cheaper places to have conventions and with it, some of the stigma wearing off i think that vegas has a lot more upside than the smaller operators do so i agree with your note there. >> even your leading about las veg

wynn, right, they're macaw and las vegas sands, a lot going on there. stock has come up a lot. >> we had also dan tishman on this morning. he built city center. for a while, what would have happened to that place if it would have -- >> gone bankrupt if they wouldn't have come to an agreement. >> ag roof on? >> i mean, would that have happened? would tishman have walked away from that deal? >> luckily, it didn't happen. >> the casinos have moved more than the financials. some of those stocks. i already gave up shaut out to ha haverity that one time. did we really think they weren't going live? >> right. >> because they go did go 5 to 20. >> a lot of them did have capital issues. they managed to -- managed through them so far. it doesn't mean it's all over. >>> erin, we're out of time. >> i just want to say i'm wearing this dow 10,000 hat. it is not out of celebration. it is simply to point to the fact that this hat is old. the first time we crossed 10,000, may 29th, 1999. >> yeah, we were -- >> we did a big 10,000 special. >> right. >> i mean, just, you

what would you say that, you know, we need comfort inns or the las vegas sands or any of the casual diningven more people than the auto industry, are they eligible for t.a.r.p. if we do it with strict regulations or strict oversight? >> it's a very fair question, to say where are the boundaries on where the money can be spent. and i would start by saying that's a decision that congress should have made more clearly. they wrote a statute that is somewhat ambiguous. because it is somewhat ambiguous, it left plenty of room for treasury to say, look, we think this one is systemically important, the same way we decided that aig was systemically important, the same way that we decided that is significantly important, saved the economy in a time of enormous crisis. whether they made the right decisions, they put -- forced some evidence and the companies themselves did. the real point is that congress had the opportunity to say no, you can't do that. here are the restrictions on how we want the money spent. congress didn't go there. congress seems to content to have let the treasury spend the mone