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Melco Crown Entertainment Limited Message Board

  • drjackcar drjackcar Apr 28, 2014 1:51 PM Flag

    haven't been down here since 09/13

    Never under estimate the market's capacity for irrational behavior.

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    • about a month ago you asked if I thought the sharp selloff one day was it...

      Barring napalm runs in East Ukraine, today's drunken sailor selloff was bad enough (taking out the recent low while the entire sector crumbled) that the bottom may well now be in...

      Not to say it can;t go lower, but, no, MPEL does not have a $1.2B hit coming on the theft of funds from Neptune... and it is almost comedy to think that a junket or two may do a little less play at Altria (LOL)

      Those who don't know why that is so should study how Altria (in total!) fit into the overall GGR and table allocation picture for MPEL over the last Q or two. Hint: COD is the premium mass venue of choice, and COD is driving the biggest -- by far -- chunk of GGR these days.

      • 1 Reply to squeezetracker
      • Just to shove blaqtart's face in S on this bottoming process... he has earned it by stalking and trying to dis me with stupidity...

        Note the date of this post, and the comments made -- and , no, i did not delete it or any similar comment re the basing taking place since the 200d breakdown... then read my comments in reply to drjack's pointed comment.

        The stock had just touched to $31.89 that day. Since then it has bounced around between the low I referenced last week of $31.02 and $36.90.

        "the bottom may well now be in...

        Not to say it can;t go lower, but, no, MPEL does not have a $1.2B hit coming on the theft of funds from Neptune... and it is almost comedy to think that a junket or two may do a little less play at Altria"

        Our view this week is consistent. Again, barring a serious global economic recession, we think the risk/reward between now and the reporting on 4Q is down $2 up $20 or so... and out there in remote left and right tail land? down $4 and up above $60. LOL

    • DrJack:: Your statement is the MOST RATIONAL AND ACCURATE STATEMENT of the day ! Thanks for the wisdom !

 
MPEL
13.05-0.05(-0.38%)Aug 26 4:00 PMEDT