As we were assessing the market damage, we came across an old favorite-MGM. It is around $10 and change and now has a Market Cap of 5B. Las Vegas is up in revenue and The FED signaled 2 more years of low rates. I really liked their earnings release a few days ago. Football season is about to begin-big betting season. We bought our initial purchase high today @ 10.74. and again @10.49. (10.62 Cost Basis). We could probably wait for the technical $9 target; however, I am really excited about the prospects. Hopefully my impatience won't cost too much. It seems now is a good time because of all the distractions. It just seems like such a good deal. We will be watching close considering our computers say $9 is very likely. My hunch is, this Gem will be snatched up quickly when traders get tired of playing the futures and ETF's. We will see.
Check emails for details...
