Monday, October 11, 2010

NYSE : MGM Resorts International Reaching Target Price

MGM Resort International
Wow wow what a day Friday was! The gaming stocks rallied yet again. This time round coming from the good news of the Nevada revenue growth. Naturally, MGM with their number of businesses in the Las Vegas Strip had the best response to it, rallying to close at US$12.67.

The after market trading push this stock further up to US$13.56!

I've got to be honest here though, for those of you who did not manage to take profit on Friday, you'll most probably take alot more than me on Monday. I sold the remaining of my MGM shares at US$12.68 for a good profit of about 18.5%.

Sell MGM Resorts International at US$12.68

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