MGM Resorts International Message Board
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wtf was that?
ridiculous
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So, you have people on this board - below - for instance, predicting this stock will be 25 by year's end because they keep blabbering on about how busy MGM & Vegas is. You have other people - below, predicting BK. You have the people in the middle, like me, looking at the huge debt load this company is carrying and there does not appear to be a clear plan how to get out from under it. So everyone is correct, this is a Vegas style gamble stock. My suggestion is to save your money, take a trip to vegas and throw everything on either red or black. At least you won't have to put up with the agony of a dollar drop less than an hour before the bell.
- 1 Reply to slappydcdoclown
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Here is what I know.
I live in Las Vegas. Visitors are definately up and so is convention traffic.
However, MGM is virtually giving away rooms at CC just to fill beds. WYNN and LVS appear to have pricing power at this time. They are attracting a higher level of patron who is spending $$$.
CC is bleeding 3 Million a day and is 18 Billion in debt.
Las Vegas will succeed, the players will be different and that will be GOOD.
A BK of MGM and break up into several properties will be good for the town and the consumer.
I have a huge short position in MGM, (puts) as most companies that have a huge debt, negative income and no plan to solve the issue, I usually short the hell out of.
Past Shorts
*Calpine
*New Century
*Novastar
*Lennar
*KB Homes
*Indy Mac
*Countrywide
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I believe 12.75-80 will be resistance for this week.
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This is what America has become. They should close down Wall Street. Its a fraud. Somebody filed statement saying they own 10% of MGM and the stock goes down from 15 to 11+. Its all calcuated moves. This is how they kill Americans.
- 1 Reply to stock_fool
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Absolutely agree!! What a scam, sham this whole market is becoming. Who the "F" wants to put their money in this crooked market anymore? 12.80 to 11.83 really?? For what news? None. Such a manipulated casino anymore. Theres no "investing" here anymore, thats a joke. get in and short and short some more naked shares, THATS the only game in town.
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just like friday. so it can goes both ways.
- 1 Reply to khiemvuong
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The subtlety of erotic options action, 127 down 127 up the perfect thrust to a yielding market
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