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Author Topic: MGM - MGM Mirage - NYSE  (Read 3150 times)
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Vegas
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« Reply #15 on: March 04, 2009, 10:40:28 AM »
Quote from: Dr PennyStock on March 04, 2009, 10:17:30 AM
Guys, run from all nasdaq and nyse stocks, they follow the market, and the trend is very negative.

MGM was just featured on FOX news... They are defaulting on a mega loan for a new 65 acre project they were planning here on the strip... Looks like they are heading for bankruptcy and they own like 8 or 10 major casino's here... Maybe we can get a bailout from our new joke administration before they crash everything by intervening in the free market... Not too good for the economy in my little corner of the world... Damn... Maybe we can become the new Detroit... LMAO...

May be a bounce in MGM some where when it bottoms but who the hell knows anymore... Huh
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Dr PennyStock
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« Reply #16 on: March 04, 2009, 10:46:12 AM »
That is the problem with those stocks now, they just follow the market trend, they have bad news, go down, they have good news, go down, to the hell with these stocks.

Never thought to feel safe trading pinkies Grin
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« Reply #17 on: March 05, 2009, 03:02:58 AM »
Quote from: Dr PennyStock on March 04, 2009, 10:46:12 AM
Never thought to feel safe trading pinkies Grin

Oh the irony.
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« Reply #18 on: March 05, 2009, 04:18:22 AM »
Yup, that's life, never say never Grin.
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« Reply #19 on: March 10, 2009, 09:56:32 AM »
The RSI(14) is about to cross the 30 and the Par Sar at 2.68 could be broken. The chart looks great but again it's risky with these market conditions. Wait for the confirmation of the RSI(3) and Par Sar.
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Dzielak51
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« Reply #20 on: March 10, 2009, 10:25:25 AM »
I bought calls and im up 100% already

GE is a good pincher play to, a little late to get in but im up good with calls on that too
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My picks are for observation purposes only.  If you wish to play any of them, do so at your own risk.
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« Reply #21 on: March 10, 2009, 10:37:22 AM »
The Par Sar showed resistance, needs to break this to be able to run some.
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« Reply #22 on: March 10, 2009, 11:21:40 AM »
Here's another shot to break the Par Sar
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« Reply #23 on: March 10, 2009, 11:39:44 AM »
Par Sar has been broken  Grin
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« Reply #24 on: March 10, 2009, 12:20:28 PM »
Whats the next resistance Stretch MA20  ?
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« Reply #25 on: March 10, 2009, 12:56:48 PM »
3.78 is the next resistance. The MA20 is at 3.89 we should see this above $5.00 by tomorrow IMO, how you making out over there DZ with this one?
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« Reply #26 on: March 10, 2009, 01:20:38 PM »
Thanks Stretch, I got in at PAR SAR cross . 2.70
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Dzielak51
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« Reply #27 on: March 10, 2009, 03:37:52 PM »
still holding, i think the MA20 will knock it back down so i will sell my calls around that price.  Was up around 300% today, i think it will move a little more tomorrow.  Plus the Market is breaking out of a downtrend channel today.  This could help ALOT of pinchers this week.
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My picks are for observation purposes only.  If you wish to play any of them, do so at your own risk.
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« Reply #28 on: March 10, 2009, 03:59:19 PM »
Not a bad day... almost the same candle as yesterday.
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« Reply #29 on: March 10, 2009, 04:04:30 PM »
Still holding too, We will see what tomorrow brings.
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