new to MPEL does this ADR hong kong action trail or lag MPEL
Im only asking bc i know we were down over 5% today in the US and i see in live trading that 6883.hk is down almost 5% in hong kong so curious if this lags the US ADR or if we're going down 5% again tomorrow, wouldnt shock me all the thing has done is go down
Mpel follows Melco, generally, sometimes vice versa. Good correlation between the 2.
For others like SCL, Wynn or MGM, no correlation generally.
But in crisis, like now, they correlate. Like recently, US traders use Asian sentiments to short.
But, US traders can switch gears anytime. US traders will buy the dip whereas their chinamen counterparts in HK are more passive.
ETNET mobile has very good charting tool by rotating Ipad.