We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : MGM Grand Hotel and Casino Symbol MGG

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Janet Madison who wrote (67)1/1/1998 3:00:00 PM
From: Steven W.  Read Replies (1) of 96

I think you will see a short term bounce back to $40 in January. This
is a great long term stock to own. The MGM and NYNY are doing
great. The NYNY is doing the best of any casino in Las Vegas.

They will be either selling more shares in the short term to pay for the
Detroit Casino or taking on more debt. I would think since the stock
is below $39.50, (the last issue price of outstanding stock) they would
want to push the stock price back around $40.

This stock also has a ton of new Strong Buy recommendations on it.
I plan on getting back in very soon. I think at the current levels
the downside risk is less then the upside potential.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext