MPEL - Melco Crown Entertainment Limited

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 4, 2016.

  1. T0rm3nted

    T0rm3nted Moderator
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    Well, called those support levels. Bounced perfect off them.

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  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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    There was a lot of controversy when Packer started selling part of his stake and the shorts were all over that. But in truth the company was and is buying back these shares which the market ignored. Now the sentiment appears to be shifting back as MPEL leads the Big 4 today in a down market.


    Nice early morning volume
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  3. Tiptopptrader

    Tiptopptrader Well-Known Member

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  4. Tiptopptrader

    Tiptopptrader Well-Known Member

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    As the markets are down MPEL leads the Big 4 again today on expectations of good Macau numbers for January aside from the two upgrades yesterday

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  5. Brendan Cowie

    Brendan Cowie Active Member

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    Got in yesterday and today
    \
     
  6. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MPEL giving back some it's gains from yesterday. As I wrote in the gaming thread it appears to be on a Macau proposed ban on casino workers not being able to gamble in the casinos on their off hours. At least it is on low volume

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  7. Tiptopptrader

    Tiptopptrader Well-Known Member

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    After yesterdays' give back MPEL, the only gaming stock that is up this morning amid the market meltdown

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  8. Tiptopptrader

    Tiptopptrader Well-Known Member

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    With this I am looking forward to the ER and no profit taking until I am locked in to the yield
    Melco Crown Entertainment (MPEL) Declares $1.3212 Special Dividend; 7.9% Yield; Amends Dividend Policy
    Melco Crown Entertainment (NASDAQ: MPEL) declared a special dividend of $1.3212 per share. The dividend will be payable on February 10, 2017, to stockholders of record on January 23, 2017, with an ex-dividend date of January 19, 2017. The annual yield on the dividend is 7.9 percent.
    http://www.streetinsider.com/Corpor...%+Yield;+Amends+Dividend+Policy/12419303.html
     
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  9. Tiptopptrader

    Tiptopptrader Well-Known Member

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    With gaming selling off Friday MPEL only give back 4 cents from the big gain it had last week. Regarding the Special Dividend of $132.12 they also increased their quarterly divi from .03 to .09. The Macau January numbers have got off to a good start and we could see a good catalyst when the final tally comes in for January. When you add this to the share buy back I feel pretty confident going into earnings that all is good.

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  10. Tiptopptrader

    Tiptopptrader Well-Known Member

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  11. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MPEL giving back a little this morning from it's big run but chart still looking good

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    Not in real time
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  12. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Price adjusted for ex-dividend today of 1.32. For those of us that bought before it will have the same dollar value with the added shares plus the gain today and future gains

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  13. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MPEL picks up strength with a upbeat Macau as the broader markets are melting down

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  14. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Even with the price adjustment I expect MPEL to break 18 in the near to mid term as it led the gaming sector today. Rooms are booked full for the Chinese New Year in Macau

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  15. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Win/Win for those holding and new buyers
    $17.75 was the closing price before the special divi and price adjustment. If you held your share count it will soon increase and if you bought the adjustment (opened @16.91) you done well.

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  16. Z0da

    Z0da Member

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    I'm looking for a good entry point on MPEL as I've missed out a couple of times. Think this can fall into the mid 16s Tip?
     
  17. Tiptopptrader

    Tiptopptrader Well-Known Member

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    WYNN reports after the bell and if WYNN misses you could see the $16's.
     
  18. T0rm3nted

    T0rm3nted Moderator
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    Obviously TTT is the expert, but I would be targeting an entry off this support line that held when I posted it the beginning of this page. (see post #121). Might have to wait a bit, but if I was going to play MPEL, that would be my entry point. I'm already in WYNN so I'll stick with that for gaming industry for now.

    Good luck with whatever you decide!

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  19. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Your too kind Chris, no expert here. I didn't give an entry price just answered the question. :)
     
  20. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Doubtful to see the 16's tomorrow. Up in AH on WYNN's ER

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