MPEL - Melco Crown Entertainment Limited - Page 5

If they miss on earnings you might get your wish otherwise you may be looking at 6+

Nice close

Strong finish for MPEL today, closing one cent off the HOD of 5.57
0.35 (6.72%)
5.56

With earning on the 8/6, I am prepared to buy with tier 2 if it drops and if they beat I will average up.

NEW YORK, July 30, 2009 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq:MPEL - News) announces that it will file its second quarter results for 2009 on Form 6-K with the U.S. Securities and Exchange Commission on Thursday, August 6, 2009, to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 8:30 p.m. Hong Kong Time).

hahahahha, lets hope they do then

At this rate, might hit 6 before earnings...if markets keep climbing

HOD 5.90
up .29 @5.85

City of Dreams results improve in July, Melco says

Results for Melco Crown's new City of Dreams casino in Macau improve in July
NEW YORK (AP) -- Melco Crown Entertainment Ltd. said Monday that results at its new Macau casino improved in July.

City of Dreams, which opened on June 1, posted a 36 percent increase in its July rolling chip volume compared with a month earlier. The casino, which had about 136 rolling chip gaming tables in July, reported rolling chip volume, or VIP play, of approximately $2.65 billion.

Table game drop, or the money, vouchers and other cash equivalents that gamblers exchange for gaming chips, grew 33 percent to $132 million with 353 mass marketing gaming tables.

Approximately 1.1 million people visited City of Dreams in July, averaging out to about 37,000 visitors a day.

Aside from its casino, the $2.1 billion City of Dreams has three hotels, Las Vegas-style shows, an upscale shopping mall and restaurants.

Hong Kong-based Melco Crown develops and owns Macau casino resorts. Macau is the only place in China with legalized gambling.

Shares of Melco Crown added 34 cents, or 6.1 percent, to $5.90 in morning trading. The stock has traded in a 52-week range of $2.27 to $7.90.
http://finance.yahoo.com/news/City-o....html?x=0&.v=1

HOD 6.01
up .45 @6.01

I did sell 1/2 my position into the rally and letting the other 1/2 ride it out.

Nice quick profit Ranger...This makes two strong finishes in a row, closing @6.03 and off of the HOD by .02...I think there may be a few cards left in the deck.
0.47 (8.45%)

Same here that's why I only took 1/2

What are some of the experts thoughts on the Sept 7.50 calls with earning coming up? Seems like it might be a good play for a quick buck or two. They just seem very light on volume.

I went a bit farther out @ Jan 7.50's gives much more time and there priced OK.

You get two earnings reports for it to get there :-)

I posted this in the gaming thread but Macau revs worth a re post.



July gaming revenues up 3.1 pct
Tuesday, 04 August 2009

Gaming gross revenues in July amounted to 9.5 billion patacas, an increase of 3.1 percent over the same period of last year, representing the second best result of this year and was exceeded only by the performance in March, according to Lusa news agency.
Of the 9.5 billion patacas, 559 million patacas originated from slot machines.
These results reflect an increase of 3.1 percent in total gross revenue of casinos for the same period of 2008, but a drop of 10.3 percent compared to the cumulative of the first seven months of last year.
Sociedade de Jogos de Macau (SJM), controlled by Stanley Ho, continues to lead the ranking of gross revenues with a share of 23.36 percent of the market, followed by Las Vegas Sands, which closed July with a share of 21.63 percent.
In addition, these two operators were the only ones to exceed two billion patacas of gross revenue in July.
The third place was taken by Melco/PBL, a consortium headed by Lawrence Ho, who rose from the fifth position to achieve a share of 17.77 percent, followed by Wynn Resorts with 14.85 percent of the market.
The last two places in the ranking were occupied by MGM Grand Macau and Galaxy, which fell in to sixth place in July, to achieve about 12 percent and 10 percent market share, respectively.
http://www.macaudailytimesnews.com/i...0805&Itemid=28

This is why I love this place. There is always someone willing to help out and zero flaming. Once I awhile I head to the Yahoo boards for a good laugh and feel sorry for the newbies trying to get help on that site.

The Oct 7.50's are the ones if you want to try very safe and @ .30 good deal.

Picked up more Jan 2010 12.50 calls lets run baby run!

low on volume today though......wonder why? They do seem like a good deal

Many times there is a lul before earnings also MPEL does not get the volume that the others do (YET)

i don't know much about option trading but does that mean, by jan you think the price will be around 12.50?