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hey, i'm just here for the commentary, you buy and sell where you think you need to ...
where should we add more? $3.65 ish?
i'm looking at a gap from 365-373 way back in april - if you do want to play it, watch close because this looks like fund liquidation selling -
wow i got in at $4.42 where is the bottom i am going to double my position to avg down but it's hard to find the floor keeps going down
this is an "any minute" prospect for a technical trade - 355-373 would be beautiful pick ups if they hold -
i may start averaging in, still watching for now -
Added @ 4.059 Today, Only a Matter of Time. GLTA
Tax Sell-Off season is Soooooooo Aggrevating!!!!! LOL!!!! O'Well Locked & Loaded! I can Wait. PS. Nice to see you took the MOD job fx. GLTU
Nice Gain today, Lets C if we can hold and Move Forward this Time ;o) and Yes Vegas Any Gain is a Good Gain(A few of those trades a Week could Almost keep the Job Away ;o) GLTA
Wow, nice mrvegas.
Well, I will hold mine.
I think this stock may go upwards to $5 to $6 region.
It may close that gap at $6.50 too..
Look at the money flow index, it is going upwards.
Seems like a really good play.
Bought MPEL Friday 1000 shares @4.08, sold it today @ 4.31. It very well might shoot back up over 5.0 but...I think the MACU gov't is holding this stock down because it doesn't follow the other casino stocks like it used to. I've seen very weird trading volumes. Something just doesn't seem right here.
Looks like both of us are the only IHUB mpel players.,
GOod luck to us. I think we will see $5.5 next week.
I predict DECEMBER to touch $6.5
From the call conference
Pipelines for MPEL
Yes, the Macau peninsula project has been our future pipeline as does a number of other things, the opportunity, for example,
to develop another million square feet at the City of Dreams site, the Macao Studio City opportunity and so on.
So they are all very much in the pipeline, future developments for us. The market is also very dynamic. There are lots of other
opportunities and things going on.
And I believe that with the reemergence of growth in the marketplace and with the sort of stimulus that we'll see towards the
end of this year, a reengagement with capital market, we're going to be back into a situation where green field projects can be
discussed again with some degree of merit.
Our immediate focus and the focus that we will have certainly as we lookout through the midpoint next year, as Laurence has
already said, is to take the assets that we've got and to find ways to leverage these great financial models that we operate. We
have fixed cost structures and we have a way -- a very straightforward way for us to increase the slight [volume] that we get
from customers who come into the building.
And so when you put those two things together, you can leverage incremental revenues down through, and that's the way to
grow your EBITDAs in the immediate term, that's what we're focused on.
She Held up Pretty well Considering the beating Many took. We Will have a full quarter of City of Dreams in Operation, Looking for a Nice Kick from these Revenues ;o) Buy when Others Run,Profit when they Return. GLTU
Money flow index showing positive divergence too. It is higher than before, while the stock price makes a new bottom at $4.00
This is a very significant reversal indicator which suggests that the Stock is being dumped at too cheap a price, while someone keep buying upwards. The money flow thus goes upwards.
I give a target of $5.50 next week, by DECEMBER I should see $6.5.
And by February, we might see a new high of $10 in the making.
This is especially true if MPEL earn EBITDA of $100mln for this coming earning quarter.
From the looks of it, it might actually happen!
Me too. I am disappointed by MPEL action today.
I tot it would open at $4.40 but the damn DUBAI made it drop to $4.00!!
I added some more at $4.06 too.
And I really think next week it will jump to $5.5
The catalyst being the NOVEMBER REVENUES, extraordinary.
Any news of restarting project of Peninsula Site will cause a rebound to $10!
But I am praying really hard, that MPEL will jump above $5 next week. I really need it to go up before the holidays.
Couldn't Help Myself, Added @ 4.0899 EOD GLTA
Thought about Pulling the Trigger and Loading more Around 4.10 but Hesitated too long. Still may add more,Right now Shes just Accumilating and awaiting Take-Off. Sooner or Later! GLTA
Yea, great.
I didnt managed to double up.
I quartered up at 4.19
Doubled Up today @ 4.16. Could Not Resist ;o) Buy Low Sell High!! GLTU
Did Not expect the Opportunity to buy lower than 4.51(by more than a few pennies)But its Kewl,She will Run! Might be Tommorrow Might be 2 Weeks from Now. Anywhere in this Area is as Close to Garuanteed Profit as it Gets. GLTU
I m in too.
Hope it goes up tmr. I hate the chart now.
Back IN! Anyone Around? LOL! Beam Me UP Scotty ;o) Hehehe.... My Babies Runnin HARD and I'm Feelin GreaT!!!!!!! Now Its About Time for Another Run Here!!!! GLTA
GLTU There! I think that Ship has Sailed ;o) But I will Be Right there with you IF the Opportunity Arises!!!! LOL!
I'm waiting for this to get down to the $1-2 range then its stocking up time for a long term investment.
Still Lots of $$$ to be made here, I am in again. Finally going the Right way again!! GLTU
I,ve got a Few Tickets Here. will be looking to add if the price drops. GLTU
People, Whats going on??? Looking forward to June 1st? Whats the verdict??
Hi All (12) LOL! I think this is a Great little Unknown Gem ;o) I plan on Loading more here soon, Was hoping for a Pull-back but June 1 is getting Close and I expect a Nice little Boost With the Opening of City of Dreams. What are Your Thoughts? TY and GLTA
Large call buying yesterday in the 2010 options...
http://finance.yahoo.com/q/op?s=MPEL&m=2010-01
Ya, glad I bought in at an average of $17. Of course, I have done worse.
Post #100 As for MPEL, it's still trading below book value. Going forward, as the economy improves so will MPEL. The nice thing is that Melco will continue to establish its market share even during this rough patch which in turn will only make its future that much better.
http://finance.yahoo.com/q/ks?s=MPEL
IMO
A few people pop in every now and again. I still hold a fair amount Melco shares and I do believe that it's undervalued given what I expect for its future growth and earnings.
IMO
Does anyone use this board?
hello. Nothing on this board since 30.10.2008 Unusual. Anyone got any comments on this stock?
Got a chunk of my MPEL investment back today, but there is still a long way to go to be even. It will happen though. This company looks good long term. Opening of the City of Dreams should help. Improvement of the overall market will also help. People need to become unafraid to trade stocks again.
Up .61 today too bad I didn't play it.
NEW YORK, Oct. 17 /PRNewswire-FirstCall/ -- Melco Crown Entertainment Limited (NASDAQ:MPEL) ("MPEL"), seeks to update the status of progress at City of Dreams, its flagship integrated casino hotel resort development in Macau, in response to recent turbulence in global financial market conditions and certain press reports.
City of Dreams remains fully on target to open to the public during the first half of 2009. Construction activity will be maintained at maximum capacity through the end of 2008 to deliver the construction timetable to completion. Our projected budget for phases one and two of City of Dreams also remains unchanged.
Full financing is in place to complete the first and second phases of development at City of Dreams. MPEL currently has over US$1.1 billion cash on hand, having successfully drawn down approximately US$663 million in the past month under its US$1.75 billion senior secured facilities. Subject to satisfaction of the relevant conditions precedent, a further US$570 million remains available for drawdown under the existing loan facilities as required to meet any future financing needs for the completion of the first two phases of development of City of Dreams.
Worth reading about Melco and Macau.
http://seekingalpha.com/article/94258-avoid-the-group-think-on-melco-crown?source=yahoo
Photo update City of Dreams....
http://good-times.webshots.com/album/565520957dyOJOL
Key, good thoughts.
Have a great weekend.
Badgerkid
Yes, me too. My point was that since Melco is successfully competing with the big boys, it will eventually be priced with the big boys - just as Wynn once was priced in the Melco price range. Melco has nowhere to go buy up.
Should've, could've, would've...
With all of my hindsight, I'd be a wealthy man. Personally, I believe that we'll see the mid-teens again before the year is out.
Good luck to you.
Yes, you are absolutely right. The Crown is competing well with the big boys and is much cheaper. I remember when the Wynn casino was being built here in LV, I could have bought shares for $14 each.
Key, look at Wynn and Las Vegas Sands for a comparison. Melco is part of a bigger issue and will eventually do just fine:
http://www.businessweek.com/investor/content/aug2008/pi20080820_845946.htm?campaign_id=yhoo
Incidently, my avg cost is also much higher than the current price, but I'm confident in the next 1-2 years being very good for casinos. IMO
This stock hurts, as I expected quicker returns. I'm in at over $15, but it does look good long-term. All we can do now is look forward to COD opening in 2009 and the increase in business as the local infrastructure catches up. Unlike Las Vegas, Macau casinos have very little "locals" business. Watch the COD residential project make a start in changing that though.
Key, Melco may have been a little overbought after earnings and Friday was options expiration, though not that many contracts were in play. I believe that we are still quite undervalued based on profit expectations. The analysts numbers seem very conservative at this time. IMO
Why did it drop so much today? It was nice to have a dollar gain yesterday in spite of missing earnings by a few pennies, but why sell a third of the gain back today? Future looks good for this stock though. After the COD is opened next year, we will all wish we had bought more this month on the south side of $6. Do you realize that the analyst consensus is that the 2009 EPS is expected to increase by 425%?
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MPEL Operates in Macau China, a former Portugese colony. MGM, WYNN, LVS are all active there. Good luck to us all
PIPELINE:
Already opened: City Of Dreams, Altira, Mocha Clubs.
Development: Peninsula Macau Site, Macau Studio City
Currently trading at 8.5X EV of 2010 while others like WYNN trading at 17X, LVS 15X, MGM 12.5X
Largest holder.
MELCO INTERNATIONAL and PACKER about 30mln worthed of ADS shares but they are not converted to ADS shares. (That is the good thing, it is not trading in NASDAQ.)
LONE CAPITAL, 15mln shares.
Each ADS shares equal to 3 ordinary shares. MELCO INTERNATIONAL holds more than 90mln ordinary shares.
OUTSTANDING SHARES (ADS WORTHED including MELCO's ordinary shares) as of 2009 SEPTEMBER 30: 527mln
Authorised Shares: 1.5bln
MARKET CAP: 2.1 BLN
NET CASH: $685mln (as of September)
Q3 09 EBITDA: $55mln
Q4 predicted EBITDA: $75mln
Net income: (-0.05)
Short term Target Price: $5.5 (Early December)
Mid term Target Price: $7 (End December)
Long term Target Price: $10 (February 2010)
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