I'm new here but this one has me doing a double take - pricey, highly consumer spending dependent. nice double top forming - looks out of gas. bad season with high travel costs could push back to 50, 40?
Couldn't have been more classic. started short at 65 closed out at 52
I think we march sideways here until Mgmt either delivers or doesn't deliver on the forecasted revenue #'s. If they deliver moves to historical pe, if not moves to avg pe. either +8 or -15. They set such a high bar it's going to be very hard to beat. I think the young CEO from NYC may need to learn a few things the hard way.
my short entirely closed out as well. no position. contemplating trade back to 60 but opting to sit tight for a bit in case 50 support does not hold. definitely plan to be short for the trip back to 35 - 40 though.
How accurate are the snow forecasts, and what are they saying? something like 40% of MTN's traffic is from out of state. i wonder how early winter vacations are booked? i've called a couple resorts and bookings appear strong heading into the winter season. i'm short this thing, but might be one winter season ahead of the true disaster, which will likely come next year.