Welcome to Stockaholics and the Gaming Stocks thread. This may be a temporary thread as we wait for the Hotstockmarket data base to be sent over. There are many gaming stocks to choose from and feel free postings ones of your interest. I have been following thet Vegas and Macau stocks that trade in our markets which are WYNN, LVS, MGM, and MPEL. The first three have casinos in both cities and MPEL has 4 casinos in Macau and one in Manilla. At one time or another I have played all 4 stocks, even LVS when the price was in the mid two's. Here is a little info I posted on Hotstockmarket to gets things started> THE GOOD New Macau ferry terminal likely open mid-2016: govt http://www.ggrasia.com/new-macau-ferry-terminal-likely-open-mid-2016-govt/ Easter arrivals up 4.24 pct http://macaubusinessdaily.com/Economy/Easter-arrivals-424-pct PRC eases visa admin for its travellers to Macau, HK http://www.ggrasia.com/prc-eases-visa-admin-for-its-travellers-to-macau-hk/ Worst for Macau’s gaming industry now over: regulator http://www.ggrasia.com/worst-for-macaus-gaming-industry-now-over-regulator/ THE BAD Macau March GGR start ‘disappointing’: analysts http://www.ggrasia.com/macau-march-ggr-start-disappointing-analysts/ Macau casino revenue falls 16 pct in March: govt http://www.ggrasia.com/macau-casino-revenue-falls-16-pct-in-march-govt/
Checking the Hong Kong market, the holdings of WYNN, MGM. LVS, and MPEL are all down from 2.33% to 5%. If we have a weak market tomorrow there may be some good buying opportunities.
When I started investing several years ago after university, I had LVS as the only stock in my portfolio and bought it at around ~$20. I didn't know much about stocks so I sold it for a quick small profit. I kept watching it go higher and higher, so I bought it back when it was around $45 several years ago. It reached the high point of ~$85, but I was greedy waiting for it to hit $100 before wanting to sell it. Then of course, the whole Macau fiasco hit. Needless to say, being too greedy costed me. I sold all of it a month ago but still made a decent profit (~20%) simply because of the USD/CAD exchange rate. But a ~20% profit over 4 years still bothers me knowing I could've done better.
Welcome aboard YLC and I know what you mean. I think we are all guilty of selling a stock too soon or too late. I look forward to your input. The Macau gaming pack took a hit today and I bought some MPEL and this link will explain reasons for doing so You may have to scroll up or down depending on how you set your preferences. http://stockaholics.net/threads/tiptops-top-picks.122/ I am still waiting for WYNN to drop to 87.50 to fill the gap but it is a stubborn stock to get a decent pull back on. Maybe Steve Wynn is still buying in the open market and holding the price up. (Just a thought)
For me, MPEL is the only one I would consider now because of the USD/CAD exchange rate and the lower stock price. Based on my understanding of MPEL's chart, the weekly shows its still in a downward trend. My amateur analysis thinks it's possible it'll go back below $14 soon. If I got the technical analysis correct, there's a small gap that needs to be filled from mid-Feb at around the $12.50 mark. That would be where I might consider opening a small position. Aside from that, I don't really know what can drive an increase in the prices for these gaming stocks, especially with the constant news about gloom and doom coming to China.
Thanks YLC and I will note that MPEL gap along with a gap @87.50 for WYNN. I bought some MPEL near the gap and held until I was locked in on their Special Dividend of .6438, then I sold after that. I was just getting to write that you might need a downgrade and a meltdown or two to get your price on MPEL and here is the downgrade. MPEL Downgrade http://stockaholics.net/threads/mpel-melco-crown-entertainment-limited.140/#post-439 Hong Kong market is -272.60 and MPEL -0.975% MGM -1.736% LVS -2.990% WYNN -3.754% - Interesting as WYNN is usually the leader
Surprisingly the Macau gaming sector is holding up well today considering the downgrades and a down market. Another surprise is that WYNN is the weakest today. Dow - 90
It's getting a little closer in after hours, Rg as the mighty WYNN has been losing ground.What is unusual is that MPEL that got the downgrade is holding up in AH and the meltdown today. I am getting closer to my goal with MPEL as I will explain in my picks thread.
Evidence A Macau Recovery Is Actually Happening Despite a rough start to April for Macau casino operators, Credit Suisse analyst Kenneth Fong believes that data out of Macau is finally starting to show signs of significant improvement. After attending a presentation by Andrew Lo, Director of top Macau junket Suncity Group, Fong believes that the tables have started to turn in Macau. The government corruption crackdown has hit Macau hard, but Lo believes that the crackdown has resulted in a healthier Macau and an excellent starting point for a renewed growth cycle. The remaining junket operators in Macau are seeing a reduced amount of side-betting and are much more cautious with their credit extension than they were prior to the crackdown. “The bigger players’ population and more prudent credit extension lower business risk and support a health/gradual recovery,” Fong writes. http://finance.yahoo.com/news/evidence-macau-recovery-actually-happening-172249414.html
Gaming was pressured down today with WYNN's company guidance. WYNN's priced dropped 5.7% before making a decent recovery with the help of the market (IMO). Here's Why Wynn Resorts (WYNN) Stock is Slipping Today http://www.thestreet.com/story/1352...is-slipping-today.html?puc=yahoo&cm_ven=YAHOO
Is it you buying, tier after tier TT...? Holly crap, lost the wagon... PS: was talking about WYN, sure.
Not me RG, I had already re-bought my MPEL shares that I sold on weak Macau revenue. I am now ready to take some profits when it the pps gets back over 17.50. Above is what I had wrote in my picks thread and since then I had bought all the shares back. WYNN is a different story, I had my bid in for the gap play at 87.50 and when I saw weakness I lowered my bid and missed by a few cents. In my defense I had so many trades going I had WYNN on the back burner.
Steve Wynn knows how to move the gaming sector up and he can also cool it off. With the exception of MGM, the rest of the big 4 are down Wynn Anticipates Sharp Macau Revenue Drop for Q1 http://www.investopedia.com/stock-a...op-q1-lvs-mgm-mpel-wynn.aspx?partner=YahooSA\
