MGM - MGM Resorts International - NYSE

[Vegas]

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...

[Dr PennyStock]

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

[Trelly]

Never thought to feel safe trading pinkies

Oh the irony.

[Dr PennyStock]

Yup, that's life, never say never .

[Stretcher75]

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.

[Dzielak51]

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

[Stretcher75]

The Par Sar showed resistance, needs to break this to be able to run some.

[Stretcher75]

Here's another shot to break the Par Sar

[Stretcher75]

Par Sar has been broken 

[Allen]

Whats the next resistance Stretch MA20  ?

[Stretcher75]

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?

[Allen]

Thanks Stretch, I got in at PAR SAR cross . 2.70

[Dzielak51]

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.

[Stretcher75]

Not a bad day... almost the same candle as yesterday.

[Allen]

Still holding too, We will see what tomorrow brings.