By: Scott Redler
After many false starts MGM finally triggered the long trade that we posted two weeks ago. The two other leading casinos, WYNN AND LVS, were better trades but MGM should see some catch up here. MGM is an example of why trading laggards can be frustrating but I hope you stayed with it.
WYNN and LVS have reached my short term objectives: the low $80s for WYNN and $23-24 for LVS.
MGM still has room to at least $14 before it has to deal with the old highs.
