MPEL IPO - Straight Macau Gaming Play

MPEL: MELCO PBL ENTERTAINMENT LTD - 12/19/2006 12:31:17 PM ET
Price *Change *% Change Bid [tick] Ask BxA Size Open Volume
21.18 -1.81 -7.87% 21.18 [+] 21.20 7 x 1 22.99 33,086,273

Edit - Up 15%

 

Volume and volatility on this is amazing.

 

This thing is reminding me of trading the Nazz back in the day.

 

am I seeing this correctly?

maybe I need glasses or something?


MPEL 2005 revenues 54M cap 7.3 billions mmmm???


:eek:


seems fairly valued:eek:

 

40 mil shares traded as of 1:25 pm est.

 

You could have entered at $21.20 and exited at $22 at least 7 times in the last couple of hours on this. :eek:

 

I hope everyone has been making money on this - it's insanely easy.

 

That was the wildest ride I've taken on a single stock, in a single day, in my short trading career.

The range was well defined, but the volatility was incredible.

 

cramer hyped this one yesterday!!

 

Yes, you will get 100 or 200 plays like this a year.

How else do you think we make the 7 figs?