These fellows run resorts and casino, some in Macao. Why go to a casino when you can do the same thing on nearly any stock exchange. This one is down by $50 already but still trading at a lofty p/e of 41. Much more to go and a great example of getting out or near double tops.
We did not get the $5 so far. It would not be surprising if we do seeing that it is month end. Nevertheless we would sell on the open not being sure what degree of wave we are looking at. Preservation of principal should be everything.
Obviously a very bad call on my part ;
Perhaps my error was to assume that wave 5 came from a small triangle. There may not be one at all and now 5 is equal to 1. This should be it. Remember that is why we use stops.
The call was for around $23+ around Feb.-March. It stayed suspended much longer and even briefly spiked to $26, but we are going down fast and have already hit $15 . This should continue un till we get to $10 where a pause is possible.