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Melco Crown Entertainment Limited Message Board

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  • fbi4hire fbi4hire Nov 30, 2011 2:38 PM Flag

    Sorry shorts, downside limited

    Thanks! :-)

    So when the stock was pushd down from $16 to $8, the two co-founders got more shares to lend when they converted the loan, right?

    So it does benefit the company if they intentionally pushed (hypothetically speaking) the stock now, right?

    On the side note, I sold a call (100 contracts) and collected .40 cents. This stock can either go above $10 or below $10 by option expiration date. I am okay with walking away with 10,000 shares at a total price of $10.40 if they get called away.

    Congrats longs and good luck...

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