that is a true statement.. just like every other major bear market sell off.. $77 to $10.. who ever bought $70 $60 $50 $40 and held.. well it is a sad sad reality.. I bought SPWR bottom $3 from $164.. today $29 but those who bought in the $100's.. sad sad sad..
looking at it from a purely trading perspective.. the $18 - $20 is a far reach from here.. but you know IT AIN'T GOING TO ZERO and it went from $17.97 to $10.63.. as far as options and futures the market needs up moves and down moves.. so yes, the balance from sellers to buyers will dry and it will move back up.. $14.50 is a good target.. with some real positive news the usual morning GAP UP.. when they are through buying all those who capitulated shares.. that is how the game is played..
it looks like a swing trade as the downside risk is getting lower and lower.. the stock will retrace some of the down trend from $17.97 on 11/18/13.. the $14.53 down gap on 12/2/13 will be resistance.. at least that is what I am trading it for
all the bad news is in the price..
ALL in Topo.. average price $13.30.. I can see the light at the end of the tunnel ;-) retracement to the $14.50 down gap!!!
everyone capitulating.. sellers drying up.. nasty bear market for pbr.. government and company needs to fix this mess
if I wrote a book on trading I always said it would be called "take the loss, the best bet".. selling some and putting it somewhere else is part of this game.. too bad you did not sell higher but I do hope you get it back and that PBR bounces back.. I bought a little bit today thinking ok $10, $9, $8.. I can scale in those prices.. actually the 24/7 wall street article was the best one written.. objective non-emotional just laying the facts on the table.. PBR is sitting on huge reserves with government and cost risks.. but it is way overdue for a bounce,,
the experts like adam f. have been calling for $5- ever since raj dropped the stick bomb on his shareholders.. there is way to much risk buying this stock when it is trading below the 50/200 day ma.. this market is just too skittish to be playing games with raj-a-rooski..
not until then.. patience is asian virtue..
MPEL usually reports 2 weeks after LVS and WYNN.. who ever has been holding this stock over 5 years knows this.. one time they reported same time as LVS and WYNN because U.S. to appease the shareholders complaining about late reporting date but that was it.. one time.. this is the way Lawrence Ho and MPEL reports.. they report up to 2 weeks after LVS and WYNN.. get used to it..
back to .10 cents a share and ANOTHER REVERSE SPLIT.. this stock will have to go to $500,000 for most shareholders to break even
I told you anyone who has been holding this stock for over 5 years knows they raise the estimates the last week and say MPEL meets or will miss by a penny.. in reality they blow out the estimates.. it is agame we are all aware of.. well some of us..
amazing how friday's $11.68 was just "another head fake"... that is all this sell off has been... one head fake after another!