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Is MCRI a good short opportunity, given the recent run-up??
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MCRI *is* a good short
MCRI has had a tremendous run, but take a look at SNDS chart from the last week. These "low-float" casino stocks are getting overbought... and correction will come very, very soon.
By the way, look at the following message thread to see how IBD is getting more bearish on casino stocks...
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Might be a good short soon. Looks like it's in a 5th wave up on the daily. The problem is timing it. So don't bet the ranch on your entry, but play conservatively. Stop is essential on stocks like these. Look at the weekly chart how it's ignoring the upperchannels. It's a bull on crack! The hangover might be at 45 or 65
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who;s mr. daddy now?
MCRI puked to under $39.50.....
hope some of you shorted it at $43+ yesterdayComment
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