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   Non-TechMGM Grand Hotel and Casino Symbol MGG


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To: miklosh who wrote (62)10/31/1997 3:24:00 PM
From: IGL
   of 96
 
I cannot find anything, but something is up.
3:22PM 43 7/8 Volume 454500
igl.

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To: Jesh who wrote (43)11/20/1997 5:10:00 PM
From: capitalistbeatnik
   of 96
 
Stayed at the MGM and I have to report its not very well run. For players, much better odds can be found downtown at Binions Horseshoe, for young people looking for fun, the Rio is better (as are the rooms), and for roulette/internation the Monte Carlo and the upcoming Bellagio will be better.

It takes forever to get from the room to the floor and it is way too easy to get lost. The lobby cannot hold the foot traffic in the hotel. MGM should have learned from the 1981 fire about these kind of things. If there was ever a fire in this hotel, look out.

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To: Steven W. who wrote ()11/21/1997 8:53:00 AM
From: John Mireley
   of 96
 
MGG is one of three picked to develope
casinos in Detroit. Mirage, one of the
four finalists lost out.

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To: John Mireley who wrote (65)11/22/1997 8:43:00 PM
From: Steven W.
   of 96
 
John,

It was almost assured that MGG would get the green light in Detroit.
Kirk's buddy Lee I. has some friends in Detroit. Being a former
Board member of MGM might have had a little influence.

I have been out of this stock for over a month. I have been waiting
on the sidelines for a buy signal. EPS is going to be average because
of the $250 million upgrade to the MGM Grand's main property.

At around $40 - $42 it still is a great long term investment, but the
short term makes me a little nervous.

Steve

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To: Steven W. who wrote (66)12/31/1997 9:53:00 PM
From: Janet Madison
   of 96
 
Steven,
Is the buy signal here NOW?
I think so.
Happy and prosperous New Year!

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To: Janet Madison who wrote (67)1/1/1998 3:00:00 PM
From: Steven W.
   of 96
 
Janet,

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.

Steve

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To: Steven W. who wrote (68)1/4/1998 9:38:00 PM
From: UNDERTAKER
   of 96
 
How much is Ted Turner involved with MGG, And in what role?

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To: UNDERTAKER who wrote (69)1/5/1998 9:01:00 PM
From: Steven W.
   of 96
 
Ted,

I don't know the anwser that question. This stock can't seem to make
up it's mind on direction. I feel the pressure is to the upside.

Still haven't bought in yet.

Steve

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To: Steven W. who wrote (70)1/5/1998 11:58:00 PM
From: UNDERTAKER
   of 96
 
I'm like you sitting on the fence.

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To: UNDERTAKER who wrote (71)1/9/1998 12:14:00 PM
From: Steven W.
   of 96
 
Got back into MGG today. I probably jumped the gun, but at $34.3625,
the upside looks better than the downside. This month is going to be
rocky for stocks.

I'm holding on for at least $40. At estimates of $2.25 for the year,
this is looking pretty good.

Best of Luck,

Steve

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