MGM

lets advocate a free market guys.... and first just let some people morn.. this is terrible.... but trade what you see... providing liquidity to the market or taking it is what makes a market... if your selling, your faciliating liquidation of overpriced assets and helping the price to approach a fair value, if your buying it you are supporting the price which you believe is undervalued...
 
Visaria said:
This is a tragic event, but I'm not put off going to Vegas which is a fave destination for me.
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I agree 100%. I feel so bad for everyone, but at the same time, I really hope they don't bring metal detectors to casinos now and treat everyone with suspicion who ask for a high floor # facing the strip or something.

I'm so sick of living in a culture of fear. Most people are good people -- many are assholes and a very small few are mentally ill to the point worth watching closely.
 
Seems a bit of an overreaction on the selling pressure to me... what are the main competitors doing? Who are the main comp? WYNN is only down 1+%

I don't get why it's value would drop by 750mln suddenly... do they just write-off the whole building?
 
dealmaker said:
Jesse Lauriston Livermore had shorted 1906 San Francisco earthquake....
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Good point I guess.
But that was an act of God. There's a difference.
But money knows no morals so it is what it is.
Some analyst came out today and said MGM could suffer a 30% haircut from here.
He's an idiot. :sneaky:
 
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