The sector is sitting on important technical support levels right now. MPEL's 200 day ema is $34.30 and the 40w ema is $35.01... clearly the sector, including LVS and WYNN and Galaxy, is getting slammed along with MPEL, MGM and even BYD as are many other sectors that have outperformed the flattish big caps t15m.
Those getting mashed on margin or long calls or who tend to panic sell when things are shaky down may need to hurry -- we are within a week of WYNN's report and 9 days to LVS' likely making fun of WFC and JPM analysts suggesting Macau is slowing down. It is likely we'll hear that visitation and gaming revenues are not collapsing in Macau, and, further, the mgmt teams all expect another year of robust GGR and ebitda growth.
As a result, these ought to be levels where more than just a few pm will begin playing offense instead of just laying back on this name, LVS and WYNN.
It feels a lot like it did last year at $20 to us...
interesting turnabout for the group and beaten down companies today. The 40W ema is $35.01 -- no breach there yet...
As we begin the run into earnings now, the game of chicken is on for the hedge fund morons who think this is a good unhedged short down here, right where the hedge shorts are coming off and new pm are packing away shares while they are on clearance sale. LO
Ihaving not seen this moron's posts in a while, I had to take the putz off the veiled ignore, but worth the effort to kick the lame pos corksoaker in the head. Funny as hell that the point I made was not the obvious part Forest thought he understood. LOL
Rhetorical, but hard to imaginehe could have finished 8th grade -- his every post is dumber than the last, same as his mr muckle alias.