Friday, July 24, 2009


MGM, looks like it has finally absorbed all the selling that those short and the traders who slammed it when it broke the $7 offering price, and with the better pyschology on the casinos, it's time to look at the December 9 calls at $1.15.

If you look at how annoying this stock traded, then you know, it got just about every person that wanted to sell out.

And when you get every person out that wanted to sell, you go higher.

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