As the September, Macau gaming revenue rose 7.4% YOY, MPEL (Melco) was up on the Hong Kong exchange 3.34% and led the Big 4. As As the Golden Week started yesterday MPEL should get a good lift.
After the price getting pushed back down MPEL led the gaming sector today on good numbers out of Macau in an unfriendly market
MPEL is still scratching up as earnings are getting closer as the Macau GGR is up for the month of October. As the price is nearing $17 again, I took profits at that price earlier in the year and then re-bought
MPEL running strong with Macau's Galaxy Entertainment posting a strong ER. I guess I must be the only one playing this
Only gaming stock I have played is WYNN, which I'm currently not in. I like to play it when it hits just under $90 or right around $90.
Im also aboard, but in long term. I think teh party here is just starting. Amonthly chart can give you a good clue where we are heading now!
I am long as well Rg but I set some shares aside to take some profits on the way to the promised land, Giving back some of the gains today
After setting another YTD high this morning MPEL pulling back slightly from a brutal market and overbought.
I have not had time to digest the ER report completely but it appears MPEL made a decent beat but went negative. It could be a combination of WYNN's miss, market pressure and the fact that MPEL was already overbought. With that LVS had a nice beat after the bell which could change the complexion of the trading tomorrow,