Tuesday, August 17, 2010

NYSE : MGM Resort International Inc

MGM Resorts International Inc
MGM Resorts International Inc has just recently posted their second quarter results which was bad. The company lost $883 million, or $2 a share. However, this was due mainly to various charges, which if removed, the company would have lost just 35 cents a share. This information was published from MarketWatch. Base on this, I felt that the company's share is still worth taking a look at and I'm expecting a much improved result for their 3rd quarter.

From my technical chart analysis, the timing looks good to enter pretty soon at a price of $9.90.

Entry price : $9.90
Cut loss price : $9.20
Target price : Around $12 (will post when I feel it's time to sell)

No comments:

Post a Comment