This is no surprise as everyone has been talking about the corruption money being investigated. Buy tomorrow and wait for the profits money from the doubling China stock market. Major Holidays May 1st....
This is EXPECTED, MPEL was 15% higher than MGM until recently. Who shall you buy as MGM might be momentatrily higher tomorrow?
China stocks market keeps making new high after doubling in 10 months. Do you know how much LEGAL money might be flowing into the Casinos May 1st Internaltional Labor day???
retreated pretty much just a buck from 2015 high. That is 2%. Yet, Chk dropped from $16.20 to $14.57 -- 10% from 5-day high. Make sense??? Rig and Hal did much much much better than Chk this year.
Winners will come and gamble big time.
What? ShangHai index up another 1.5% for another new hig???? Americans and the world all look like fools now!?
Another $0.39 drop for China's approval of short-selling, after they double+ ShangHai market in 10 months???
4% drop Friday and 2+% Thursday??? What does it has to do with China's inflated stock market, with Short-Selling approval？？？
The odd thing is China stock index just more than DOUBLE in 10 months and this is down and down.
Crude oil looking down now. Will it buck the trend This is about the weakest and it made a new bottom just a month ago, and bounded much less than RIG, SDRL...
Longs need to wait until Icahn gets GE to take over Chk!?
What if just a few% of the gain flow to Macau Casinos??? (even as small gamblers are restricted to enter Macau)
yesterday whil Rig and Sdrl was up Big yesterday.
Certainly, some "smart" analysts need to say that "first", not me.
And everyone expects Iranian oil to flow to market already, so this is built-in -- just pending sell on rumor, buy on the news. Remember, OPE just need to hold Crude Oil at or below $60 to discrourage Shale oil drilling.
Iranian will come out and sell their Oil at dirt cheap price??? Obama knows he just could nor ORDER them what to do, and Iranian know that they could "mess-up" Yemen to drive Crude Oil much higher when they could sell.
Yemen situation contribute the last $2+ up, but the situation remain unclear. BTW, I wonder why the US really should have interest (other than superficial) in calming down the Yemen situation -- that actually help US oil industry if Crude oil backup to $60+（but not $70+ 哦让$80+， which hurts consumers）