Do your own research prior to making any investment/trading decisions. Always assume I am biased through direct and/or indirect ownership in any and all names mentioned. These are not recommendations but instead points of interest you may wish to do further research on.
Into this weakness I like the following names.
MPEL
Macao gambling play. Support at ~$4… sell if it breaks. I like the prospects of this company especially for Macao exposure. As the Chinese economy goes so too will MPEL, in my opinion.
TRID
At MR10Q had ~$202m in cash with ~$55m in total liabilities. Trading at $107m market cap at the moment ($1.70). Also have other assets ~$20m. Looking for $140-$150m market cap to take profit and stop exit on break of $1.50.
ELX
Received a cash offer of $11 – trading sub-9.50 currently… something’s off about this. Looks like a decent risk/reward in my opinion as there’s an offer on the table that represents a premium of >13% from the current price ($9.35).
TBT
I’m still a huge believer in high inflation coming through the pipeline. This is an ETF that shorts long Treasuries.
And finally, a throwback interlude.
This interlude is for the start of the next swing upward that (hopefully) starts Monday.
