Anybody that has read one of the many, many, many, many articles I’ve written about Melco Crown Entertainment knows that it holds a special place in my heart. Today was a big day for the company, as it reported quarterly earnings of $0.33 per share on revenue of $1.2 billion. Despite the fact that these numbers slightly missed expectations, the…
Last week, I wrote about Apple’s round-number road block. While I’m not too terribly concerned about Apple, mostly because it still has a low valuation relative to its peers, I have lately been keeping an eye on another round number that sends chills down my spine.
Apple got so close to $100 last week that shareholders such as myself could almost taste it. But alas, it wasn’t to be. However, it will be interesting to see if $100 provides significant resistance for the stock moving forward. If you have watched stocks trade for any significant amount of time, you have certainly noticed…