Posted on 10/10/2017 2:26:34 PM PDT by ransomnote
I was there three days before the shooting and it was very crowded during the week.
He bailed out Felony and paid for Methalina a good lawyer.
You support disloyalty?
I own a few shares of MGM (only 50) and it dropped 10% since the shooting. That’s reaction but the hotels are still there. I’m not selling.
In the first place, it is VERY common for a bondholder to short common stock against a sizable bond purchase; which amounts to a loan to the entity. It’s a form of protection: If the entity (at worst) “goes BK” or (less worse) suffers a credit downgrade, it’s very probable that the common will “show red” to some extent, in other words, decline in market price. As that decline shows up in the common stock, a short bet flowers.
If in fact Soros shorted the stock circa 8/14, then he is near even. He certainly had to sit through some heat between then and now as the stock ramped up from about $30 to 34.6. But now he’s close to even with the stock back to 30.43. If he bought puts (to express a “market short” opinion then he lost a month’s premium or so but he would have bought puts much farther out, so that loss would not be that much. And, he probably sold puts against his long puts, as well, to bring in some nickels.
Soros is not especially in the business of losing money on bets.
Are you saying you're loyal to Soros? What exactly are you saying, bubblegummer.
It's just funny how you are so disruptive on this forum and also seem to back Soros. And not funny haha, but the other kind of funny.
It's almost as if......
“Soros is not especially in the business of losing money on bets.”
Perhaps all he wanted to do was to break even (i.e., not lose money) and he was smart enough to know he couldn’t be seen MAKING money or that would look damning.
There you go, letting facts ruin a perfectly good conspiracy theory. What are you, a Soros crony? How much does he pay you?
;~)
I searched for MGM Resorts International news, going back as far as June, July, August this year, looking for reports that would be “bearish” or negative, in MGM Resorts International revenue or bottom line. I found only one negative report but it was only negative as to MGM Resorts International interests in Macao specifically and not MGM Resorts International in general. In fact most all the reports were not even neutral, but positive.
So, yes, people can legitimately wonder why - on what news - would Soros short MGM Resorts International in August.
I wonder, does Soros have an investment history of merely being a contrarian - going opposite of the general trend in a stock? If not, his MGM move could look very curious.
Lol...well played.
Probably not related if you look at the charts from a technical stand point it was a clear short.
:)
Satan’s minions work together.
As I said in the other thread, there are to many variables in options to suspect a motive. Occum’s razor says this trade was made based on market conditions.
Interesting. Thank you for posting the link.
Wait a few weeks and that suit will be renting out for three times as much.
You rock Bagster. Best post I've read in years. "bubblegummer".... LMFAO.....
*blush*
Wow! Thanks for the link.
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