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Vail Resorts Inc. Message Board

  • wallenhaven83 wallenhaven83 Mar 5, 2009 11:40 PM Flag

    MTN going to $11. Chart is broken

    This thing screens as very expensive to me and I've got to imagine the forecasts are going to come down some more. No one has the ability to blow $5k for a week out there anymore. That's where they make all their money. This company does not make squat from the Denver guys who pay once for a season pass and then drink beer in their truck in the parking lot after they tear up the slopes.

    Guys, it's a cool stock to like but the fact is it's expensive and the chart is really starting to break down. There's little doubt in my mind it is going to the $11 range. Any consumer oriented stock still trading above $15 is on every short sellers radar right now, because they know they can. This thing will surely test the $14.79 intraday low from November and probably crap out straight to $11 from there. A fairly easy trade here.

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MTN
76.02-1.09(-1.41%)Jul 25 4:04 PMEDT

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