I had a long write up for this post, but deleted it. No ones going to read it. This board is toast. See you all in the 40s in the next 16 months or so.
You still haven't answered my question. Apparently you are a professional investor. Can you please tell me how a company with YoY Rev and a Earnings growth is failing? And if you don't recognize that Macau was the growth note of the sector, you are apparently not qualified to speak.
And yes, I get Vegas is having a come back, but the market was buying growth and expansion which is why the sector is on hold. It's all good for MGM, but these stocks are tightly tied to each other and I don't think it takes off until the sector frees up. Accumulate.
I don't see how this stock is in a coma. Did you read the year over years? Please explain how the company is failing at growth with those numbers. The stock is flat because Macau period and MGM didn't fair as bad as others due to their focus in mass market. It's made a great move up from the bottom and breathing. If you don't like it, sell and move on. Others here might find it as an opportunity to accumulate more shares. If anything, this board is good for exaggeration both long and short. This is a pretty easy plan I'm my mind. Buy, hold, accumulate and wait. Simple. Everything else is BS.
Agreed. The challenge is and will be Macau. The moment the Street sniffs some upside over their again, these will all continue their run. I'm taking the breather in stride and as a time to accumulate. If we get a slip in the stock from an overall downdraft in the market now through October, I'll be looking at some post Q1 ITM calls. Just hoping for a good dip to start buying those.
The down drift is based on Macau. Even though Vegas is lighting it up, Macau has been the growth note of the whole sector. It's just a cycle. Macau will come alive again, but the uncertainty of when is why positions are being lightened up. For me, range bound stocks are a great accumulation play if you feel there's upside months and years out. This quarter's rev and earning beat just demonstrated my reasoning to continue to accumulate over the quarter. Am I doing it for next quarter's numbers? Absolutely not. I will keep an eye out on those numbers to see how the industry is doing. Slow and steady wins the race. All of these message board day trader wannabes are likely broke #$%$ fools. Don't lose your head over 1 day's action. The year over year looks great to me and that only means add more.
If you are buying stocks for a pop on quarterly earnings, then you should go buy some books on investing. I never read one book by Buffet, Lynch, O'Neil, or any other professional investor that ever discussed the pop or drop of a stock on earnings. What is important is y/y revenue and earnings grow. You get that and you will likely have a winner over time. The more the growth in revs and earnings, the more the stock will move over time. Getting caught up on minute-by-minute action is for fools. Be a winner, invest for the long haul.
This guy is a complete idiot. I'm not sure if it's a kid or some offshore tool from a 3rd world country, but this guy is a complete clown. Usually a message board dopes like this guy are at least funny, but his level of stupidity far exceeds any hope for humor.
Got an email from SA today saying they are going to stop being shown on Yahoo Finance. This is perhaps the greatest new ever for investors because most of the SA articles were trash, poorly written and had little insight, if any. Most were incomplete and way off base. That email made my day.
You can bet it is going to test $3.65 if not $3.35 over the next quarter. August is coming and AMD just set itself up to drift down for the rest of the summer.
It's NOT manipulated. It just had a run up on expectations that they did not meet. How could you call a FAIL manipulation? You need to get out of the stock market fast. Do us all a favor. Go grab your cry towel and take a time out. Baby.
You're kidding right? See, this is why the market as we know it is a joke. People who don't have the education or experience to manage money, read balance sheets and do their own homework should not be doing it for themselves. There's a winner and a loser on every trade. Guess who the loser was Pal? Stock market 101. Now, go call a professional and pay the fees to have your money well taken care of. I'm sure it will be less than taking 15% beatings on stocks you know nothing about. And if you think I am being harsh, just remember, you are the idiot who came to a Yahoo message board looking for advice. Stupid is as stupid does. Suck it up and take the beating like a man.
when this board is going crazy and people are calling for $6 and $7 opening prices, you can bet it's time to sell it. It's a lock!
This board provides some of the best comic relief ever. Some of you are pretty clueless. Tell the truth, how many of you are in some boiler room in India typing up message after message?
If you want REALITY, there's no way the stock opens at #$%$ already had a run into earnings. I wouldn't expect more than a 5-8% pop on a REALLY good call. $.25-.35 is about all you'll see. I don't know what makes you think the stock could open 60% higher, but you can bet that's not going to happen. Now that's reality.
That's the smart move. The market is at the top, AMD has made a big run and certain analysts always fine something to nitpick on after the call, not to mention August is coming. I'm betting the Market corrects the moment it's announced back-to-school sales didn't hit the mark.
Actually, I had clearly predicted the end of that company. And I argued for years with the blood-in/blood-out crowd that it was going to happen. So those posts on that dead board are my well earned victory cries. It's not easy to be the voice of reason on a message board when everyone things you are a basher.
It's happened over and over. This is obviously a much better pronounced run than previous quarters throughout the years (yes, years). It will be interesting if the stock jumps, but I won't be shocked if it sells down after. Just don't cry and whine Wall St is crooked. This run was a traders gift. If you didn't take advantage of it, it's on you this time.