MelcoPBL Hits the Single Digits
Just took a peek at the Macau gaming sector stocks and I noticed that Macau casino operator MelcoPBL's stock has dipped its toes into the single digits today. The stock has now dumped more than 50% of its value since the closing price of $21.55 on the first day of their IPO. The offering price was $19.
I'm going to go out on a limb here and say that if it hits 8... someone is gonna get canned.