MPEL - Melco Crown Entertainment Limited - Page 3

I'm wondering the same thing. I've got some funds ready to buy in for a few shares, but not sure.

I've watched this drop all morning, and then go back up. Any idea if we'll see it drop further, or are we just going to continue going back up?

vere76 and Jeratbp,

With the market trending down of late, gaming is riskier than ever. From the link below, option traders like MPEL. Like any trade find a good entry. . .


Melco Crown Entertainment(MPEL Quote) gets vote of confidence: Options traders cast a vote of confidence in Melco on Friday, insuring the casino stock against a move lower.
http://www.thestreet.com/_yahoo/stor...FREE&cm_ite=NA

See I love the casino's, mostly the dice/craps tables. I like to gamble and I couldn't resist, bought in yesterday at $4.71. Seeing the Pre-market, I'm feeling pretty good about that right now. Let's hope we have a winning day!

I'm also in with LVS and the penny stock CGAQ.

Down .13
4.56



City of Dreams Welcomes Its One Millionth Guest
Visitors Continue to Crowd to the 'Next Generation' Entertainment Resort
Press Release
Source: Melco Crown Entertainment Limited
On Monday June 29, 2009, 6:57 am EDT

NEW YORK, June 29, 2009 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq:MPEL - News), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announced that City of Dreams welcomed its one millionth guest on Saturday, June 27, 2009, just 27 days after its opening on June 1.

More than 37,000 visitors a day on average have experienced first-hand Macau's newest and much anticipated leisure and entertainment destination during the first 27 days.

Rest of Story
http://finance.yahoo.com/news/City-o....html?x=0&.v=1

MPEL hit 4.61 before market crashed and still up .04 @4.50...good buy between 4.44 and 4.50...IMO...cut buy in half in case market melts down more for second execution

Dow - 132
MPEL 4.50

going to keep an eye on this one.... thanks

New HOD 4.62
up .15
4.61

I think your right tip.

It closed today with a Doji.

Trading is a little more stable today as MPEL is one of the gaming leaders today along side of ISLE.

HOD 4.70
up .17
4.68

Release of Initial Operating Statistics for City of Dreams
7:23a ET July 2, 2009 (GlobeNewswire)

Melco Crown Entertainment Limited (Nasdaq:MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announced initial operating statistics for City of Dreams, its new urban integrated entertainment resort that opened on June 1.

Visitation trends continue to provide a solid foundation for City of Dreams. Visitation at City of Dreams has remained consistently strong since opening on June 1, 2009. For the month of June, City of Dreams attracted approximately 1.2 million visitors or approximately 41,000 visitors per day on average.

Rolling chip performance at City of Dreams demonstrated significant week to week sequential improvement during the initial month of operations, in accordance with our plans to scale this segment of business after the first few weeks of operation. Total rolling chip volume in June was approximately US$1.94 billion, with rolling chip volume in the last week of the month totaling approximately US$0.73 billion. The average number of rolling chip gaming tables in operation at City of Dreams in June was approximately 127.

City of Dreams generated approximately US$100 million of mass market table games drop in June. Mass market table games drop in the last week of the month was approximately 12% higher than that generated in the first week of operations. On average, 376 mass market gaming tables were in operation at City of Dreams in June.

Gaming machine handle (volume) was approximately US$81 million in June. There were approximately 1,320 gaming machines in operation at City of Dreams, on average, during this period.

City of Dreams' mass market table games hold percentage was within the targeted range of 16%-18% in June, but the rolling chip hold percentage was approximately 0.8%, well below our target of 2.85%.

Total rolling chip volume in June at Altira Macau was US$2.76 billion. The rolling chip hold percentage at Altira in June was significantly below normal at approximately 2.0%.

Normalizing our gaming revenue to reflect the target rolling chip hold percentage at both properties, we estimate that our company-wide market share of gross gaming revenues for June would have been approximately 15%.

Stopped out and looking for re-entry

me to

Just started looking at this stock the last couple of days. What are you guys thinking about for possible entry? I'm gonna watch it to see what happens when it touches the 200MA

it's bounced off 4.13 twice now

I don't think it will hit the 200 unless the market does a total meltdown

You are spot on Tip

you guys buy in today? it hit 4.05, close to the 200 moving average

that hit to 4.05 was a blink of the eye

I'm looking to see how it does eod to get in

Ditto
With a three day weekend ahead and a -200 Dow or more, could be a possibility.

Short Percent of Float %

does that mean there aren't any shorter sellers??