23 | October | 2009 | Trading Ichimoku

Day October 23, 2009

Entries 3 Total

Melco Crown Entertainment Ltd (MPEL) : Swing Trade?

Oct 23, ’09 10:18 PM

Thinking of taking a swing trade on MPEL.

But, is wondering should I include casino stocks in my portfolio. (silly question…I am in one big casino itself…but still….)

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Oct 23, ’09 9:52 PM

This should be a positive move.

Hosting business is a very competitive industry.

Loyalty (and hence customer service) will continue to be a very important part of the business.

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Oct 23, ’09 11:32 AM

This is a short term play on possible flu outbreak in the coming months.

As such, I do not have a very large position and have in place a fairly tight stop loss in place.

Note:

Earnings will be due soon so prices may be affected on the downside given its low float

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