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Melco Crown Entertainment Limited Message Board

  • bruceleedominator bruceleedominator Apr 4, 2012 10:16 AM Flag

    If Japan is an indication of what Heng Seng will do

    0200.hk is gonna get smashed tomorrow after that spectacualar bounce.

    I think this is a real correction taking place in the global markets. It feels like it, IMO. Just not quitre ready for all time record shattering highs in the major indexes just yet.

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    • MPEL (Nasdaq) doesn't seem to tie into its HK counterpart that much. On Apr. 3rd, it was up 2% in HK and today 4-4 it was down here by over 3 1/2% so where's the correlation? As to a tie-in with Japan, I don't think that's happening either because the Japanese markets have been depressed for so long yet MPEL has managed to make gains in the same time period.

      • 1 Reply to cantdance123
      • exactly my point! Heng was open on april 3rd. not last night (meaning it opened at 10pm April 2nd eastern time and closed yesterday when MPEL traded green), but the night before...and MPEL also went up same %. But the Hang Seng was closed on April 4th...meaning it wasn't open last night. Tonight it will open for teh first time after the global sell-off.

24.81+0.64(+2.65%)3:47 PMEST

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