It felt great to see $2.99/gal. gasoline all over Phoenix yesterday even though I only use about 10 gal./mo. Who doesn't like it when gas goes down? So why don't most MPEL investors feel the same when it goes down? It's psychological. When it broke over 16 there was euphoria on this board but if it breaks below 16 there will be frowns and if it falls below 15 lots of moans. Yet, everyone knows how volatile MPEL is and that +/-10 to 20% moves are common.
So we should welcome a buying opportunity. According to NASDAQ's (dot) stock consultant the downside target for MPEL is $14.52 with a 90% "trade quality". GLTA