MGM - MGM Resorts International

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 4, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM Cotai launch pushed back to 2H17: firm
    Casino operator MGM China Holdings Ltd on Tuesday said the opening of MGM Cotai (pictured), its under construction new resort in Macau’s Cotai district, would be moved to the second half of 2017. It had previously mentioned a second-quarter launch.

    “Given the complexity of the design of MGM Cotai and the company’s commitment to a successful opening that reflects the demands of the current market, the expected opening time of MGM Cotai will be adjusted from the second quarter of 2017 to the second half of 2017,” MGM China said in a filing to the Hong Kong Stock Exchange.

    The US$3.1-billion MGM Cotai was previously scheduled for a fourth-quarter 2016 launch. But in February 2016, MGM China announced that the opening of the property would be put back to the first quarter of 2017. That was followed by an August announcement that stated MGM Cotai was likely to open in the second quarter this year.
    More: http://www.ggrasia.com/mgm-cotai-launch-pushed-back-to-2h17-firm/
     
  2. Z0da

    Z0da Member

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  3. Tiptopptrader

    Tiptopptrader Well-Known Member

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    They have to have three-fourths vote of NFL owners (24 of 32) to allow the team to move. It ain't over til the fat lady sings that could be in March.

    With Pro Hockey already in place, and if the Raider do come to Vegas the casino's will reap big rewards with MGM as the biggest benifactor
     
  4. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM has been range bound for some time and it is opinion it is undervalued.A break of $30 in the near to mid term should be in line...Stay tuned

    upload_2017-1-24_17-37-18.png
     
  5. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Considering LVS is down over 7% on ER, MGM holding up good. Reason being MGM has the least exposure in Macau unlike LVS.

    upload_2017-1-26_11-41-43.png
     
  6. Tiptopptrader

    Tiptopptrader Well-Known Member

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    We could see a break above $30 tomorrow on the back of WYNN's ER

    upload_2017-1-26_13-54-52.png
     
  7. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM tagged the upper BB today but did not climb as much as I expected. As LVS and WYNN both missed, I am a little more bullish on MGM versus those two because of less exposure in Macau. They still have their new casino on hold over there. MGM is a long term hold for me looking to take some profits in the low $30's. I am now up 33% on my position.

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    T0rm3nted likes this.
  8. T0rm3nted

    T0rm3nted Moderator
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    Looking like a decent entry point coming up, but the upside seems to be about $30 target. Unless of course we get a breakout from this wedge.

    upload_2017-2-1_9-14-40.png
     
  9. Austin vanderweide

    Austin vanderweide Active Member

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    Seems to me like this poses a buying opportunity near the current levels.
     
    anotherdevilsadvocate likes this.
  10. Montego335

    Montego335 New Member

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    Agreed.. keep a tight stop below the 200MA.
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    This stock is taking off. Prices not seen since 2008.
    Monthly chart:
    [​IMG]
     
  12. T0rm3nted

    T0rm3nted Moderator
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    Holding support here at $30, and more support to be found just below at the 200MA. 14%ish to be gained on a ride up to $34/share again...

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  13. StockJock-e

    StockJock-e Brew Master
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    Vegas hotels under pressure for obvious reasons.

    Biggest mass shooting in in the US, so far 50 dead. :(
     
  14. T0rm3nted

    T0rm3nted Moderator
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    With the horrible news lately has come a pullback with a buying opportunity. Has not broken through support and is holding the 200MA. 10% upside seems pretty obvious, although not guaranteed - obviously.

    upload_2017-10-3_21-1-39.png
     
    Jrich likes this.
  15. BermudianOption

    BermudianOption Well-Known Member

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    Overextended in the short term but I have some high hopes for MGM.

    There is a lot of open air above on the monthly chart:
    [​IMG]
     
  16. BermudianOption

    BermudianOption Well-Known Member

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    Not where in needs to be yet, but I am stalking it for if/when it holds above $34
    [​IMG]
     
  17. rg7803

    rg7803 Well-Known Member

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    @BermudianOption or that (buy above 34) or try to pick some around 30$ level.
     
  18. StockJock-e

    StockJock-e Brew Master
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    Watching to see if $35 can hold as support
     
  19. T0rm3nted

    T0rm3nted Moderator
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    Bullish breakout above resistance and the 200MA. Room to run up to $33 short/mid-term

    upload_2019-2-1_10-0-2.png
     
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  20. T0rm3nted

    T0rm3nted Moderator
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    Just jumped in at $29.58, small position.
     

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