So far I am dead right predicting on the every move on Mpel based on my previous few posts on Mpel. Am I a god or a genius, I am none of both. I am just a regularly trader who is trying to make some money in my Mpel trade. I am a regular guy just like you, my loyal blog reader. You too can earn the easy money and predict the movement of Mpel as accurate as me and even beat me.
However, all these can change if the next quarterly on the Feb 9, 2012. On Feb 9, 2012, I believe this stock will have either tumble or jump forward after the earning release. For those who have insider information, I believe earning at least 10% is not a problem. I do not have insider information on Mpel, what I have is my skill to correctly predict Mpel daily stock movement.
Another important news that concerned me a lot is that on Jan 31, 2012, some analyst reported that Mpel has lose market share of around 2% in January. I do not know whether the news is true or not, and I do not know to what extend this news will impact the stock price on the quarterly earning release on Feb 9, 2012. However, I believe that Mpel will not have a high impact because the Mpel eventually recover back around 7% after this unfortunate news.
Well as for my reader Dale, the reason I have shifted all my investment from MGM into Mpel is because of the following:
1) MGM is a very risky stock with high debt position, any negative news on its debt position will easily make MGM to tumble 10% or more.
2) Even though MGM business is turning around with high revenue growth reported quarter over quarter, MGM is currently still making losses until based on analyst estimates it is does not make profit even until 2013.
3) I have relied on my technical analysis skill, however, I still do not ignore my fundamental analysis as I believe, fundamental analysis such as the financial statements of the stock will impact the long term movement of the price. It will definitely affect the long term trend of the stocks.
Even though I am deeply saddened by my move from MGM to Mpel, as of current I have earned less around 3-4% or around $3,000-$4,000 more from my shift, however, I have not regretted my move as I believe, in the coming future, Mpel can easily overtake MGM in price. Also, by selling MGM, I have managed to scoop up more stock in Mpel as at the point in time, MGM stock price is more higher than Mpel price.
The important date that I am now curiously waiting for is Feb 9, 2012, as it will be a very date where it will move the stock price up as predicted in this posting.
However, if I am wrong, I believe, that Mpel in the long run is still a viable and good stock to be heavily invested into.
Disclosure: Currently I am all invested Mpel stock, I have invested every single penny that I have in Mpel. Therefore, currently I do not longer hold any cash position and I intend to go through this month expenses through my credit card. I am also expecting that all the prediction in this post about Mpel stock price will come true.
Melco Crown Entertainment Announces Earnings Release Date
NEW YORK, Feb 1, 2012 (GlobeNewswire via COMTEX) -- Melco Crown Entertainment Limited (sehk:6883) /quotes/zigman/104187/quotes/nls/mpel MPEL -0.37% , a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announces that it will file its fourth quarter and full year results for 2011 on Form 6-K with the U.S. Securities and Exchange Commission on February 9, 2012, to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 9:30 p.m. Hong Kong Time).
Melco Crown Leads Casino Stock Declines: Hong Kong MoverJanuary 31, 2012, 7:20 PM EST
By Vinicy ChanJan. 31 (Bloomberg) -- Melco Crown Entertainment Ltd., the casino venture between Lawrence Ho and Australian billionaire James Packer, dropped the most in seven weeks, leading gambling stock declines in Hong Kong trading.
Melco Crown slid as much as 5.6 percent to HK$28.10, the biggest intraday drop since Dec. 9, before trading at HK$28.20 as of the 12 p.m. local time trading break. Rivals Wynn Macau Ltd., a unit of Las-Vegas based Wynn Resorts Ltd., sank 4.8 percent to HK$19.7, and SJM Holdings Ltd. declined 3.3 percent to HK$13.32.
“Melco Crown is losing market share to competitors; its market share in January is expected to drop by up to 2 percentage points on a monthly basis which may explain why it is leading the decline,” said Victor Yip, a Hong Kong-based analyst at UOB Kay Hian Ltd. Lawrence Ho is the son of Macau casino billionaire Stanley Ho.
Total gaming revenue for all Macau casino operators in January may be less robust than earlier estimates of as much as 28 billion patacas ($3.5 billion), Yip said. Melco Crown’s market share may drop to 12 percent in January from 14 percent in December, he said.
“Through our various channel checks, the revenue is expected to reach roughly 24 billion patacas,” Yip said.
Sands China Ltd., a unit of Las Vegas Sands Corp., said on Jan. 30 that visitors to its Macau casinos rose by 5 percent to 6 percent to more than 1 million during the Lunar New Year that took place between Jan. 23 and Jan. 29.
Sands China shares dipped 2.8 percent to HK$26.1. The stock has jumped 19 percent this year, outperforming the 10 percent gain in the Hong Kong benchmark Hang Seng Index.
Galaxy Entertainment Group, the company controlled by Hong Kong tycoon Lui Che-Woo, dropped 1.5 percent to HK$16.80.--Editors: Stephanie Wong, Robert Fenner
--Editors: Stephanie Wong, Robert Fenner
Source (from Bloomberg website)