Melco Crown Entertainment Ltd. (MPEL) was recommended by Cabot China & Emerging Markets Report at $10.55 in Investment Digest issue 694, dated May 4, 2011.
“Melco Crown (MPEL) dipped sharply at the open today, just touching 11 before rebounding to make up about half of the loss. There was no news to account for this downtick, and analysts continue to write positive things about the prospects for both Melco Crown and Macao.
“While we still love the story, we’re concerned enough about even a temporary dip below 12 that we’re going to sell half of our position to book the profit and hold the rest. SELL HALF, HOLD THE REST.”
- Paul Goodwin, Cabot China & Emerging Markets Report, May 31, 2012