To: Randy Atkins who wrote (48) | 9/3/1997 12:07:00 AM | From: Mang Cheng | | |
Randy, I just bought some Circus Circus (cir) today. What's the reason the gaming sector is turning around ??? I bought in based on reading the chart. I figured if MGG broke out then it's only matter of time cir break-out too.
Mang |
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To: Mang Cheng who wrote (51) | 9/3/1997 7:13:00 AM | From: Randy Atkins | | |
No reason except what was under a cloud yesterday is out in the sun today. Wallstreet is certainly a fickled mistress.
The gaming industry faces some very real problems; overcapacity, increased competition, transportation bottlenecks (in Las Vegas), etc., but these problems will be worked out over time. In any case, MGG is a winner, regardless. They are a well-run organization.
Good luck on your CIR.
--Randy |
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To: DWB who wrote (55) | 10/24/1997 11:21:00 AM | From: RANGER374 | | |
Yup,
The Hilton persuit has been mentioned many times today on FNN aND CNN.
Market buyers say new Hilton CEO is going after MGG with a passion and the worth is set @ >$70/share.
Just bought 1K @ $43 1/2.
Excellent earnings vs the Hilton deal translates to big gains to stock holders.
@10:22 the market is falling apart in many sectors.
Joe W. |
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To: RANGER374 who wrote (56) | 10/24/1997 8:43:00 PM | From: Steven W. | | |
To all,
MGG is worth a lot to Hilton. It has great management and a relation- ship with Marriott. I don't think Hilton want's Marriott to gain any share in Vegas.
Plus the Detroit market. This stock would be at $50 if it wasn't for the blood bath the market has taken the last few days.
Steve |
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To: Steven W. who wrote (57) | 10/25/1997 12:29:00 AM | From: miklosh | | |
A question to all: With regards to Kerk Kerkorian's recent purchase of 618,557 shares @ $45. Did he need these additional shares to aquire some kind of control or leverage of MGG, or was control already his and he merely felt that this was his best investment for his $28 million ? TIA |
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To: miklosh who wrote (58) | 10/27/1997 5:52:00 PM | From: Steven W. | | |
miklosh,
I thought it was interesting that Mr. K bought additional shares. Let's see, If you knew you might get a bid for $70, well $45 seems pretty cheap. Even if Hilton doesn't buy MGG, they might do something else to increase the price.
The amount of cash that flows through MGM and NYNY is a huge number. They run it almost as good as Steve Wynn does and that is pretty darn good. If it dips some more, than I am thinking about increasing my position.
Good Luck,
Steve
PS, this is one of the easiet stocks to trade and make money on. The chart hasn't lied yet. |
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