Author Topic: MGM - MGM Resorts International - NYSE (Read 21505 times)

Stretcher75 · February 26, 2009, 12:11:55 PM

http://stockcharts.com/h-sc/ui?s=MGM&p=D&b=5&g=0&id=p17564145231

Current Price: $4.31

Vegas · February 26, 2009, 02:54:48 PM

Hard to believe that this was a $35 stock six months ago Stretch... Pathetic... Not sure if that pinch will develop...

I bet there are more than a few big time bagholders on this POS... The casino's follow the economy as a rule...

I can just see some poor chap that bought 100,000 shares at $31.00 searching the internet for instructions on how to tie a hangmans noose...

Stretcher75 · February 26, 2009, 02:59:53 PM

LOL, I picked some up at 4.31 today to see if I can make a few $$$ off it. It was either this or some financial pinchers so I flipped a coin

Vegas · February 26, 2009, 03:09:57 PM

Quote from: stretcher25 on February 26, 2009, 02:59:53 PM

LOL, I picked some up at 4.31 today to see if I can make a few $$$ off it. It was either this or some financial pinchers so I flipped a coin

That is a damn nice looking chart though... Tempting...

Stretcher75 · February 26, 2009, 03:18:49 PM

RSI(14) is about to cross the 30 and if it breaks the ParSar today (which I think it will) then we might see some action. I figure to get in before the run which I always miss getting in too late. Volume is looking good too and if we get another green day in the market we should be ok.

Vegas · February 26, 2009, 03:57:59 PM

I had a limit buy in and it just filled at 4.27 so I guess I am taking the ride with you... This is a scary one...

Vegas · February 26, 2009, 05:05:05 PM

Quote from: Vegas on February 26, 2009, 03:57:59 PM

I had a limit buy in and it just filled at 4.27 so I guess I am taking the ride with you... This is a scary one...

Closed at 4.45... So far so good...

Vegas · February 27, 2009, 11:36:31 PM

So far we got hammered on this one Stretch... Closed at 3.50 today... I have noticed this happening with most of the pincher's lately due to the fact the entire market has dropped... They get right where they should start pinching, then the pps and the RSI(14) start dropping some more...

Smitty · February 28, 2009, 11:35:20 AM

I got MGM @ 3.50, and LVS @ 2.30...I think I'll keep these for a while.....see where it goes...when they do come back, it should be in a big way...and it's the only way I can get my blackjack money back....

Stretcher75 · March 02, 2009, 09:29:49 AM

Today does not look any better Vegas... I'm going to start playing some Gold stocks.

Vegas · March 03, 2009, 10:42:07 AM

Quote from: stretcher25 on March 02, 2009, 09:29:49 AM

Today does not look any better Vegas... I'm going to start playing some Gold stocks.

I sold this at a good sized loss Stretch... Looks like it is going to keep dropping...

Stretcher75 · March 03, 2009, 10:53:07 AM

I can't see it falling under $2.50 but if it does I'm screwed. I think it should hover around $2.75

Stretcher75 · March 03, 2009, 12:26:58 PM

It hit $2.40 for a low today... I think that it should start climbing back up some IMO.

Stretcher75 · March 04, 2009, 10:49:06 AM

This is really getting knocked down hard...

Dr PennyStock · March 04, 2009, 11:17:30 AM

Guys, run from all nasdaq and nyse stocks, they follow the market, and the trend is very negative.