MGG usually does nothing after earnings are released. When they do
beat the street, a few days later the buyers come in. MGG is under
pressure because of vacant rooms in Las Vegas.
This will not effect the MGG in the near term because of NYNY being
hot and Marriott recommending MGM Grand in their reservation system.
I love trading this stock. This company stock price is way undervalued. It is a $50 stock. At $2.20 esp past earnings and even
higher for future earnings.
I bought some yesterday, I am holding these shares for a while. Hold
for a year and you should be happy as long as there is not major stock
market event. Just my thoughts.