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Melco Crown Entertainment Limited Message Board

  • stringbean7497 stringbean7497 Sep 20, 2011 1:48 PM Flag

    Strong Market

    Looking at a daily chart of the QQQ.
    Up 7 days in a row.
    Can you imagine where MPEL would be trading in a weak market?
    This is trading like it got one downgrade after another and we know this is not the case.

    Can anyone make any sense out of this?

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    • have to wonder is something is going on that we are not party to. this is pretty dramatic performance today, even for MPEL.

    • Risk avoidance largely characterizes the overall market theme currently. On days when the market uptrends sharply the performing issues are those with lenghtly records of earnings performance or high dividend yields. MPEL has created earnings, gains in market share and sharply increased revenues recently, but it doesn't have a sustained record of these positive metrics. So, in line with the overall theme it temporarily remains range bound. Personally I believe longer term MPEL stands to perform strongly if the financial reports continue to present what they have recently. I'm long and believe that continued growth is in store for MPEL.

      • 1 Reply to cgrach
      • MPEL has not received market respect yet and until it does, will be kicked around. MMs are telling their drones to avoid risky trades thus the poor performance. But that sentiment will eventually change and it will go from whipping boy to golden haired. Remember a year or two ago when the sector was so disrespected even WYNN (the so-called "best of breed") dropped like a rock but it eventually got back its halo.

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