Conman last time I checked Mpel did went from low $3 to $16 in past 16 months so being bullish during this time is a correct sentiment. It would be PUMPING if this stock was stuck under $5 for all this time but since it didn't and it actually went up all the way to $16 its was more like the "right call" I remember when the 2nd Q. Results came out in 2010 and I posted that it wasn't that bad at all and I saw improvements, I was called a pumper as well but next 12 months showed that I was right. Today things have changed, Mpel has never been in better shape as it is today but the uncertainty in the world economy and what may happen in 2012 makes me nervous. Good Luck:)
Please be very cautious next year. 2012 is going to be a tough one. http://www.scmp.com/portal/site/SCMP/menuitem.2c913216495213d5df646910cba0a0a0/?vgnextoid=ab9cf688a0734310VgnVCM100000360a0a0aRCRD&vgnextfmt=teaser&ss=Asia+%26+World&s=News. Here is the concluding paragraph: "The economic improvement since 2008 is largely a mirage, fueled by unsustainable government assistance in the West and bubbles in the emerging economies. Both will unwind next year. The mirage will be unmasked. If you think 2008 was bad, fasten your seat belt for 2012. The world may not end, but your wallet will take a hit. Good Luck:)
Unfortunately, as a disappointed shareholders, I can not disagree.
What would happen to the stock price if someone from the outside with better reputation can own half of the company? The price of this stock would do much better if the CEO can get fired for making too many ridiculous mistakes.
Because MPEL "botched" or just flat out F'd up the listing, worse then anyone could have imagined!
They said they would dillute, so the stock got hammered. Then they delayed the strategy for months, and it got hammered more.
Then they found they couldnt do the offering, the market didn't want it... Failure.
Then the CEO's just listed their own shares on the HK market. (How does this help anyone but them?)
So now, MPEL probably needs cash, couldn't get it, and is always bullied by the options market.
I think $7.00 is the downside, $12.00 upside high for the next several months.
When??? I would be more than happy if it can go to $10.00
Sorry we can not entertain you, my girlfriend said the same thing about my turtle because of MPEL.:-( Can anyone tell me if I can sue Larry Ho for ruining my sex life?
Today is Triple Witching Day, anyone think $9 is top for today?
Thanks and good luck longs.
So do I, in spite of everything going on in Euro-Zone, down grades on Banks, even slowing China manufacturing, one thing you can count on is the Chinese to continue gambling. In fact if economic activity slows in China, you can still count on Chinese continuing gambling. It may turn out that reduced economic numbers in China might result in more gambling from the Chinese, Luck and Gambling are big cultural elements there. Relying on luck at the gambling tables could increase as the overall economy slows. Given the cultural context, it's truly possible.