Homework 5 -MPEL

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Sep 30th, 2007 by Trader-12

Casino stocks (LVS WYNN) are on fire lately. MPEL was IPO on Dec. 2006, it might be about the time for it in a run. From daily chart, there were no much pull back on its each breakout on 9/13 & 9/24

There are 2 possible setup for entering MPEL trade on Monday

(1) Stop limit buy at (17.15, 17.25) stop loss @ 16.75, target @ 19

(2) Limit buy at 15.7, stop @15.25, target @ 19

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Posted in Stock Trading Class | 10 Comments

10 Responses to “Homework 5 -MPEL”

on 30 Sep 2007 at 1:13 am1Trader-12

CRDC: got 9.08 last Thursday, stop 8.5, wait for target at 11.5 something. It was second time to trade CRDC. First time got at 8.25 on 9/11/2007 and sold next day above 10. Trash stock, could be risky
on 30 Sep 2007 at 10:25 am2Trader-12

FBCM had a huge volume day last Friday, not sure if it’s tradeble
on 30 Sep 2007 at 1:55 pm3Trader-15

Interesting to note:

1. Price dropped 16+ % over last 7 sessions ( surprisingly with 4 of the candles closing above the open)
2. RSI (7,1) at ~24 and very thin volume
3. Time and Sales indicate 8 block transactions reported after 4 pm that totals > 1.6 million shares (ie. 61% of last Friday’s volume
4. Short Ratio as of 11Sept07 = 5.9. (~5.42 million shares)
5. If the 1.6 million was a run to cover, that leaves ~4.3 million shorts ?
on 30 Sep 2007 at 2:57 pm4Tony Oz

A little confused on the comment there Trader-15, were you talking about MPEL?
on 30 Sep 2007 at 8:09 pm5Trader-15

Oops … I forgot to mention the which stock I was commenting on. I was referring to FBCM in Comment #3 above.
on 30 Sep 2007 at 10:26 pm6Trader-12

Thanks Trader-15, now i’m using quotetraker charting. 1 year fee is $60, pretty nothing for good
on 01 Oct 2007 at 1:06 pm7Trader-15

Trader-12 … your welcome. Let me know if you need help with it.
on 01 Oct 2007 at 4:14 pm8Tony Oz

This was a great setup in the sense that it had industry support. It was on my watch in the am, but the gap took it out of play for me (same as CHNR). It was a home run, and a perfect example of AMZN like trade, which I will discuss tomorrow, where the stock gaps over the resistance and there is no low-risk trade anymore …
on 01 Oct 2007 at 11:10 pm9Trader-12

Thanks Tony!
Your ASTI is a better trade
on 02 Oct 2007 at 4:05 pm10Trader-12

Got MPEL @ 17.25 Monday and sold at 18.99 today

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Homework 5 -MPEL

10 Responses to “Homework 5 -MPEL”

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