WAY overbought this AM, no REAL change in company financials
Just because kerkorkian bought this does not imply that the company had a meaningful change in their underlying numbers. This is a classic overbought market and should correct by 3-5 percent today. I am short term sell and long term hold
You and 1000s of others been waiting for your 3-5% pull back now for the last 1200 points by the time it goes up another 10% then if and when you get your small correction prices will still be higher than today. In other words waiting will not get you in at lower prices than today prices.
MGM will be above $16 within two weeks regardless of the market. KK will own over 25% of the stock..... prepare for the LBO just like DELL and BBY because it's coming. If you knew the history of this guy and with how rates are this is going to get done in the $20's