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MPEL Opens Under Cramer’s $25 Entry Point

19 December 2006
Author: Harvey Posted under Cramer's Mad Money, IPO's, Investing

MPEL - Melco PBL Entertainment (Macau) Limited priced today at $19.00 and opened at $22.00, well under Jim Cramer’s $25 entry target. In his show last night Cramer would be a buyer under $25.00 (and carefull entries above the $25) and be a seller at $40. This is the first gaming IPO for the sought after Macau, China market where customers drop 6x the amout that they do in Las Vegas.


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