Positive mood before China market opens from Chinese new year on Monday. Only one way for Macau casinos. No foot traffic = no revenue!
False market inflated by weak buyers. Coronavirus no end in sight, we have just begun....
#this is not mean to be stock advice and is my own independent analysis. I do have an open short position at the time of writing.
Comment
⋅
Even market intervention by the government won't solve the problem.
THERE ARE NOT VISITORS GOING TO MACAU.....
Comment
⋅
Note the market being pumped up on low volume (algo driven) to shake out weak shorters...
Holding for further deterioration of the markets. Only more deaths... Growth impact to be broader as there is no sign of factories opening up on time. Target 10 Feb, but where is the positive news other than a hospital was built in 10 days.
Movements make no sense at this stage....
Trade closed manually
⋅
Fading coronavirus.... I'm going long on Macau... V shaped rebound