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Have you noticed MGM is up 7% today? Do you know why?

Recs

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September 08, 2010 – Comments (3) | RELATED TICKERS: MGM

I'm guessing market really likes to see blood in the streets.

See here why is MGM up today:

http://www.google.com/url?sa=t&source=web&cd=5&ved=0CCUQFjAE&url=http%3A%2F%2Fabcnews.go.com%2FGMA%2Flas-vegas-lion-attack-caught-honeymooners-video%2Fstory%3Fid%3D11581921&ei=f7yHTM2NAtTUngfMxfjlCw&usg=AFQjCNEC5vwyLgXUAvjuvMNmcYEevND-0g

Btw., I think MGM is a very good long term play...

3 Comments – Post Your Own

#1) On September 08, 2010 at 1:34 PM, rodeduivel (< 20) wrote:

MGM is indeed a very good long term play in my opinion. In the next 3 years it should at least touch the $40 dollar range. The recovery in the US will happen, this will boost the Las Vegas stocks, especially MGM. Paulson made a lot of money predicting this crisis, now he is going to make money by speculating on the recovery by having almost 10% of MGM stocks. The house will win !

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#2) On September 08, 2010 at 9:02 PM, blesto (31.02) wrote:

Since we're all betting here, I say it won't touch $40 until 4 to 5 years. ;-)

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#3) On September 09, 2010 at 3:48 AM, HarryCaraysGhost (99.63) wrote:

Excellant, a bet.

As far as the stock goes... You have to follow the Japenese to really follow MGM'S potential.

My calls-

$13.00- 1/1/11

$ 12.00 3/1/11

$ 16.00 1/1/12

If you've gotta lot of time $40.00 may be possible but seems like awhile to wait. ( I have not checked if MGM pays a div )

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