I have owned this long several times and made money... However I am looking at adding as a short position.. The primary reason is MPEL being over bought and the pullback that will come soon.. Will not bet the farm here but will start adding a little short over the next days/weeks.. I pullback to the 200 day will happen soon.. Any hiccup in the markets will have people taking the profits they had earned over the last year.. Setting up to be a nice trade on the short side..
while I agree, Dan....it's taking longer than I thought.....
what I'm looking at: RSI: 82.3 (hasn't been this high since last Apr)
MFI: 81.4 ( Dec)
it's gonna come
What you fellas fail to grip is that the ebitda continues to improve not only faster than expectations, but fast enough to keep the multiple of ebitda (valuation) entirely reasonable relative to share price despite the run up.
It is early in this story, whether your titilator kazwayzee indicators discern it or not. LOL
good luckdanmarick.i bought this stosk at less than five dollars,and certainly your short position won't make any diference to me.certainly ,have no plans to sell for a while.GLTA.
Sentiment: Strong Buy
mr dan mar the only reason one would go short now would be if u feel the whole market will crash august numbers are best in while and market share is increasing .I seriously doubt MPEL will go below 25 dollars before the new casinos open u will notfind another entry point ot get in.
The stock may go up or down or stay about the same (LOL) over the short intermediate or longer term. LOL
The reason that MPEL has significantly outperformed the group is that their ebitda relative to footprint is superior to the other players in the sector. If you are studying the details (your comments indicate you have no idea what i mean by that), then you know the stock remains very reasonably valued relative to the group and broader market.
That is the reason it is likely that MPEL will continue to outperform the group over at least the intermediate term.
But gaming is gaming, and sometimes the player throwing dice with a bag over his head may be plain lucky. So you short away, you may just get lucky.
The only data I quoted is the RSI/overbought stratus.. Where am I wrong.. I quoted any hiccup could lead to profit taking.. Look at al the profit made the last 6 months.. Where am I wrong.. I am not bashing the stock and I am not looking at a long term short position.. I am trading it short term.. I do not care about ebitda or their footprint in the market place..