Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Investing
Reload this Page Anyone buying or shorting Casino stocks, specifically MGM? (income, gains, economy)
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search
 Search Forums  (Advanced)
 
Old 10-20-2010, 06:40 PM
 
24,407 posts, read 26,964,842 times
Reputation: 19977
LVS and WYNN have both recovered nicely from their success in Asia.

MGM is still near it's 52 week low. Anyone buying or shorting MGM and why?
Reply With Quote Quick reply to this message

 
Old 10-26-2010, 08:18 PM
 
Location: US Empire, Pac NW
5,002 posts, read 12,362,151 times
Reputation: 4125
Casino stocks are one of the first indicators of recovery or swoon in the economy. It makes sense - more disposable income = more people willing to lose it all.

That's why I'm currently neutral on stocks for casinos. I see huge gains to be made in Asia if they can keep expanding there, especially China (the Chinese are known for their gambling). But for the USA, I am not particularly impressed with the "recovery" of the economy yet.
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

« Previous Thread | Next Thread »
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Investing
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top