MGM

[Rusty40]

I have been playing MGM in the 8.70 - 9.25 range letting it ride up around 10.80 -11 range, it was been profitable to me ,any others you know that I can watch ?
I am stuck with ZNGA right now bought it at 3.80 thought it had to go back into the 5-6 range, I thought wrong...lol

 

[selkirk]

do not have any stocks that I am trading in a range, but they happen quite a few times within a year.

should watch gambling stocks more closely as they are prone to very volatile swings, both down and up.

Groupon is a train wreck and so is znga. their only hope was to issue large amount of shares and try to buy every mobile platform game (app hit) like scrible...

the company is dependant on a hit, how popular is farmville or another game, and if one is more popular do they buy it, hard business to be in....


thanks
selkirk