Saying that MPEL has been suffering recently would be an understatement...
From a high of 16$ to it's recent low of 9.37$ investors in this one have seen all the spectrum of emotions.
But the recent report showing potential increases of 7% and more from Macau revenues could change the share price direction rapidly. We should not forget also that MPEL is generating profit.
MPEL P/E is lower by far when compared to it's peer by a large margin and this gap should close very rapidly. (MPEL 15, LVS 25, WYN 20)
I will be in again at around 11,75-12.00$ and maybe wait a little bit for some pull back from the recent increase (profit taking for many) to add to my position.
If all data coming till the end of the year are as expected, i think we could see 16$ back again.
We must stay prudent here due to the European situation as if we were to get negative reports again it could affect MPEL (and all other casinos play in the Macau area) for some time.
This is why i would buy MPEL but slowly and gradually by profiting of any dips that could come across. Be careful about chasing the price. Better to make a small profit on a small number of shares than trying to buy on the way up and finally end up in the red.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
From a high of 16$ to it's recent low of 9.37$ investors in this one have seen all the spectrum of emotions.
But the recent report showing potential increases of 7% and more from Macau revenues could change the share price direction rapidly. We should not forget also that MPEL is generating profit.
MPEL P/E is lower by far when compared to it's peer by a large margin and this gap should close very rapidly. (MPEL 15, LVS 25, WYN 20)
I will be in again at around 11,75-12.00$ and maybe wait a little bit for some pull back from the recent increase (profit taking for many) to add to my position.
If all data coming till the end of the year are as expected, i think we could see 16$ back again.
We must stay prudent here due to the European situation as if we were to get negative reports again it could affect MPEL (and all other casinos play in the Macau area) for some time.
This is why i would buy MPEL but slowly and gradually by profiting of any dips that could come across. Be careful about chasing the price. Better to make a small profit on a small number of shares than trying to buy on the way up and finally end up in the red.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
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