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Five winning Super Bowl trades: II. Short MGM Mirage (MGM) |
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| Jan 31, 2009 06:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Stocks to Sell
Yes -- but Pittsburgh people will stay in their cars (hotels are too expensive), and the Arizona people will stay in foreclosed houses (so they should feel right at home). Speaking of hotels -- short 'em. I received an e-mail from the Mirage in Las Vegas to come out to watch the Super Bowl for $69 a night. Last time I was there for the Super Bowl, maybe 15 years ago, it was about $400 a night. The Mirage is owned by MGM Mirage (NYSE: MGM), which is hovering at a technical support price. Once it breaks through, look out. I'm not traveling to Tampa or Las Vegas -- I'm staying at home for the big game. And I'm shorting MGM. Michael Shulman is a contributor to OptionsZone.com. Five winning Super Bowl trades: II. Short MGM Mirage (MGM) originally appeared on BloggingStocks on Sat, 31 Jan 2009 13:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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In an economy like this, is anyone going to the game? Be the first to comment on this story and earn 2 points.
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