I got it for $21. Do you think it's worth keeping further or do you think it's better to get rid of it soon... Please give with reasons...
2007-01-08 03:48:49 · 2 answers · asked by hurray.... 1 in Business & Finance ➔ Investing
Hey ... I saw ur questions about MPEL , SPR and HLYS.
I would say Heely's was a blunder. If you ever saw a Cramer's show or read his blogs. MOst of the times he stresse to buy any stock in the mid sessions... not in the morning or evening. But When I saw the prices u quoted ... I guess you bought them as soon as the IPO's came out. Heely's was in 33-35 range only in the first couple of hours for the first day and then it fell to 33.
I may not say it's the same with MPEL.... MPEL was a bit about profit taking .... millions of stock issued.... more over the underwriters getting another nearly 9million ADR's that is 27 MIlllion shares..... Once you knew the underwriter's were about to get those many shares in the due course...u should not have bought it ....coz that would indirectly keep the price lower until that transaction completes...coz many people will have it in mind that at the same instance when I am buying this somebody else is getting it for the IPO price... ie $19. That too this had 27 million at $19. That in my view might be the reason that MPEL had not flown even once it entered the market....I think it'll turn it's tide towards $40 in the near future.... This run in my view should start once it reaches $19 and then bounce back ..... from Thursday....If you want to view my profile in www.fool.com you can search for player named 'yadarsh'. I just started a few days back in www.fool.com. I have my own ratings to all stocks inpitch section of mycaps.
2007-01-09 05:38:11 · answer #1 · answered by That's me ... 3 · 0⤊ 0⤋
I'd say it appears to be highly speculative, just looking at the numbers. Gambling on gambling in China? It could turn out to be the best decision you ever made, or you could lose everything. If you bought it because you thought you'd make a quick buck, you may as well have put it all down on black.
Why don't you call the management or investor relations and ask them?
2007-01-08 14:50:10 · answer #2 · answered by aaronchall 3 · 0⤊ 0⤋