Thursday, May 20, 2010

MGM Mirage (MGM)

Thank you Goldman Sachs conviction buy list.

That is all.

4 comments:

Balzac said...

CP: Does the MGM short have long to run? I note:

52-Wk Range
5.34 - 16.66

CP said...

Yes and no.

The stock is a zero but the market could bounce.

I had already covered the short and today I was selling the deep ITM puts. Still keeping the OTM puts.

Balzac said...

do you think similarly on WGO? Thank you for your comments Colin.
I know this is not a specific advice forum so please feel free to answer me at garybelford@comcast.net or edit this posting as you see fit.

Gary

CP said...

Similar thoughts about WGO, although it's not levered like MGM so it may not go to $0.00.

I'm super bearish on them but I'm also taking profits now.