OFFICIAL Pick MGM UNDER 11.5

OFFICIAL Pick MGM UNDER 11.5 Sell this one short. City Spender has no chance to succeed IMO, and with no recovery in site, AND even the President telling all not to go there, MGM is in BIG trouble.

Stock Mkt downturn not hurting us either...... When will the stock go below 10? My guess? Tuesday.

Aria casino could be called City Cave. Very dark in there. For some reason they built very low ceilings and ceilings and everything else are painted very dark brown. I was there tonight, I noticed even cocktail and dealer uniforms are very dark brown. Nothing says "party on" like very dark brown. Some casino executives at MGM have retired I'm sure the rest have their golden parachutes packed. So thankfully, they will be OK.

The time to short MGM was back in 2007 when the stock was trading at close to $ 90.00 per share. Remember, " buy low...[B]sell high[/B]"; in this case you would be doing the opposite.

Agree and Disagree Great fade in 2007. But still a solid play now. I cannot imagine anyone would tour City Spender and say "THIS is a place I want to buy into it!"

[QUOTE=Iona;16492]The time to short MGM was back in 2007 when the stock was trading at close to $ 90.00 per share. Remember, " buy low...[B]sell high[/B]"; in this case you would be doing the opposite.[/QUOTE] The short-term stock valuation model tells us that highs/lows are nothing but investors' perception of a company's performance within a very short time frame, says 12 months period... 90-dollar is irrelevant in predicting how the price will move in 2010. MGM trading volume has been relatively high in the past 12 months and its stock price plunged from 20s in early 2009. That generally indicated that the institutional investors were moving out. So, as a longtime option trading professional, I would agree with Fezzik that MGM is at its relative 'high' point right now. So it is probably a good time to execute the "buy low/sell high" strategy -- Short it.

[QUOTE=hgodss;16853]The short-term stock valuation model tells us ... 90-dollar is irrelevant in predicting how the price will move in 2010.[/QUOTE] That's not what DeBondt and Thaler showed. [QUOTE=hgodss;16853]as a longtime option trading professional, I would agree with Fezzik that MGM is at its relative 'high' point right now.[/QUOTE] No way. True option professionals don't make directional bets, certainly not ones like this.

[QUOTE=KimLee;16881]That's not what DeBondt and Thaler showed. No way. True option professionals don't make directional bets, certainly not ones like this.[/QUOTE] I was pointing out the "highs/lows" concept in stock trading, nothing to do with directional bets.. Thanks, anyway!

earnings come out within days, i think the stock will climb. gaming etf will be a good purchase.

That idiot Paulsen tried to screw us, but now thefree fall is oN!!! DOWN DOWN DOWN ..........I cannot emphasize how much I HATE City Center. A careless disregard for helpful things for the public, including but not limited to 1. Nowhere to sit on the mall. 2. Nowhere to get low priced restaurant food OR any food. 3. No water fountains 4. No reasonably priced shops 5. No convenient parking unless you park at M. Carlo 6. NO FRILLS/freebie neat things. No lions. No tigers. No bears. UGLY modern art, and 1 nice fountain/waterfall at the Aria front. WHIFF.