% | $
Quotes you view appear here for quick access.

Melco Crown Entertainment Limited Message Board

  • squeezetracker squeezetracker Apr 15, 2014 11:09 AM Flag

    40W ema

    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...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
16.91-0.25(-1.46%)Sep 4 4:00 PMEDT