MGM has broken above resistance...
And has been Rockin' the past few sessions:
Fundamental Analysis page for MGM:
Results 1 to 5 of 5
MGM is taking off again...
MGM has broken above resistance...
And has been Rockin' the past few sessions:
Fundamental Analysis page for MGM:
Love the volume MGM closed with. Watch for a $15 cross on Friday. I will personally be looking at day trading the April calls with high deltas.
And there's the r/g move I was talking about. Looking at a longer hold bought some May calls at $14 strike for 1.73. Have a great weekend guys!
I hope someone got in with me. 27% gain just sold em'
"CHICAGO (MarketWatch) -- MGM Mirage said Wednesday that it expects to fall firmly into the loss column in the first quarter, dragged down by charges and continued deterioration in traffic and spending in Las Vegas.
The casino giant, in a preliminary release of its numbers for the period, said that it expects to lose about 22 cents a share vs. a profit of 38 cents a share in the same three months of 2009. Current results include a gain on extinguishment of debt of 21 cents a share, and a charge of 13 cents related to impairment of residential property at its joint venture CityCenter development on the Las Vegas Strip."
