If we don't cross $11 today, I will complain on this board this weekend. Pre warning;):)
My gut says no way in hell will the options market allow it but man it would be nice if just once they didn't manipulate this thing down. At $10 we are a a 12% discount to our book value..... We are growing and in the best shape since 2008! CRAZY! LOL what can you do...
You mean if it doesn't cross $10, right? Certainly you don't expect $11 for years, do you?
Nobody here responded intelligently to my question last night but I did talk to my friend in the business of trading and he is telling me that this is merely a short squeeze on MGM and he is even participating in it. MGM will not be able to do what Penn is doing. It is just not possible for them to do it- not the splitting of companies, not the overpayment of rent from one company to the other, and certainly not the fat dividend that is driving the giant PENN gain.