I agree with squeze in that Japan is 7 years out BUT.... BUT... BUT... COD Manila is just months away.. lets see what Ho and Sy can do with the Philippine Korean Chinese and Japanese Players there!!!
we are waiting for the $20s.. we are in no hurry.. we let the market play their silly games.. we will make it happen!
that's what I have been saying.. wild and wide trading ranges ( and we are talking about a only a few days ).. MPEL is a high volatility stock now.. and I also said the high single digit growth would happen.. MPZEL low $30s good valuation.. will it ever test the $28/$29???
if you sell at a loss you must wait the 30 day wash rule or else you cannot per IRS Rules take a tax loss.. you must add the loss into your new purchase unless you fill out mark-to-market day trading accounting forms.. once your trade clears after 30 days then you can write off the loss up to $3000 per year..
come on now.. what I mean to say is yesterday's headlines was a "teen age high school student" wearing shorts to school.. we are in a BOZO SOCIETY where anything can be twisted for NEGATIVETY.. so Macau 9.3% growth IS HORRIBLE according to the news media.. the 6 license companies should hang a GOING OUT OF BUSINESS sign outside their doors!!!
but you know and I know squeeze no matter how hard we try.. you cannot beat the forces of the market.. and right now the whales are playing a negative sentiment.. over time things will straighten out but.. in the short term the sector and MPEL in particular are weak moving.. lots of downward pressure.. no sleeve or box short can overcome this.. will have to play the CHURN and BURN and GRIND IT OUT.. bought back some of the shares I sold yesterday.. you have to trade this stock here.. need something positive with Manila COD and a summer rally to see the low $40s.. but this stock IS STUCK in a trading range!!!
Studio City increased expenses $300,000 from $2.0B to $2.3B.. and increase of 15%.. the opening target date is mid-2015.. so in 12 months MPEL will have 2 new Casinos online.. should add +25% to +33% in additional revenues.. maybe more?
the usual 4th place and a -1.2% market share loss to 12.8% market share.. its a top half LVS SJM Galaxy w/67.4% and a bottom half MPEL WYNN MGM w/32.6%.. at least MPEL is getting the most with their revenues and profits and mass market play.. still how can you be satisfied with 12.8%??? LVS and SJM have almost double the market share than MPEL.. Manila COD and Studio City really need to capture a market share!
yes!!! you do have high quality posts.. very informative.. but then you use words like putz and stupid and when a stock is in A MARKDOWN PHASE like MPEL is you bring out "the bashing hunters".. they must like that circle target on your back.. that said yes!!! the fundamentals going forward are great with MPEL.. but.. technically the stock is the weakest it has been in 3 years plus.. as I have posted the high single digit growth was an easy target and the hedge funds are bouncing on it and MPEL in particular.. stock is TRAPPED below the 200 day ma and it will be DESCENDING real soon.. like in days.. as I have said it needs a cleansing and $28/$29 would not surprise me.. you are getting frustrated and so are "the new" MPEL shareholders who are trapped.. chill out.. once they are finished accumulating they will rally it back strong!!!.. until then the REAL INSTITUTIONS ( not your boyz ).. WILL PREY on it..
perfect example is PBR.. when it tanked to $10.20 the "paid bashers" were working the boards with their doom and gloom.. and now with this of late pullback from the $10.20 to $15.85 rally THEY HAVE DISAPPEARED?.. yes, the paid bashers are going to be working the MPEL board.. brace yourself people.. same old song and dance!.. get ready.. this stock is A WILD THING ;-)
anywhere in the high $20s and you will see CAPITULATION.. MPEL $25 too low in this market but $28/$29 would not surprise me.. like one last dip.. and then the +50% move back to $45..
I built my house from the ground up and a +15% over run is nothing.. $2.3B is really not a lot when you see the iconic building structure that Studio City is.. Wynn is projecting $3.5B to $4B for his Cotai Casino.. and keep in mind he is baring the full brunt of the costs.. MPEL is partners with a 60% stake so MPEL's cost is $1.38B or about 35% of what Wynn plans on spending..
too tough to call.. good news.. an upgrade and it could pop.. you never know??.. low $30s is establishing a horizontal trading range.. should churn and burn here.. UA popped nice on an upgrade.. sweet..
not a problem.. the market already knows this.. did you?.. did you ever hear about YPF??.. same old story here.. socialist.. lots of problems., only real problem is the stock rallied from $9 to $34 on bad news.. it was really terrible.. everyone sold.. institutions bought and make bank.. LA DI DEE LA DE DA.. Poopski is singing all the way to the BANK!!!!!