|  Author | Topic: How to make money from MGM stock (Read 1,886 times) |
lusob
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Karma: 0 |  | How to make money from MGM stock
« Thread Started on Nov 1, 2009, 9:15pm » | |
One can make money betting on the fight on who wins the Pacquiao vs Cotto fight, either against someone or a betting house in Las Vegas.
Another way is to buy and sell MGM stock.
Whether politicians and celebraties are invited in Las Vegas to the fight expense free or are using their own money, there is a way for these people to make money by buying and selling MGM stock. Any one can also invest on MGM.
The stock is currently $ 9.27 per share. To buy 100 share you need $ 927 to invest, excluding broker commissions. If the stock goes up by a dollar to $10.27, you make $ 100. If it goes down by a dollar to $ 8.27; you lose $ 100. Note if the company goes bankrupt and you don't take out your investment, you lose $ 927. Note this does not include broker commisions.
Disclsure: investing in stocks is risky. Always do your due diligence, always do a stop loss, invest only how much you can afford to lose. Past performance does not guarantee you a promised return. Invest at your own risk.
Reason for buying MGM stock:
- 11/5, MGM will announce their earning report this day. Analyst expect MGM to report a -.08 loss per share for the 3rd quarter. If the global market is up, if MGM beats their earings report and if the market likes what they hear, MGM stock will go up.
If the market is having a bad day, if MGM does not makes its numbers and the market does not like what it hears, MGM stock will go down.
- 11/14, MGM Grand is sold out. If Las Vegas has a great turnout with plenty of tourist, boxing fans and gamblers and they patronize the MGM's Las Vegas casinos, with 40% market share of Las Vegas, MGM stock will go up.
12/2009: City Center will open
On the other hand; MGM is a fundamentally weak compny.
MGM's saving graces are it has high volatility, the stock can move 20 cents to $ 1 practically on a daily basis. Second there are plenty of institutions ( mutual funds, pension funds, hedge funds and insurance companies ) that have and continue to make double to triple digit returns.
Note: I do have 400 shares invested at $ 9.28 or $ 3,712 on 10/30/2009.
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lusob
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« Reply #1 on Nov 2, 2009, 6:56pm » | |
MGM is a great trading stock. As of 9/30/2009; 10/26/2009 filing 17 instituitions has bought 2,358,375 shares of MGM stock.
http://www.mffais.com/mgm
Today was a up and down day, the casino/gaming sector just collapsed and recovered a bit at the end of the day. MGM opened at $9.33 then dropped .59 to $ 8.81. I bought 400 shares at $ 8.88 and sold it at $ 9.17; profit: $ 116.
Also noticed that LVS - Las Vegas Sands dropped $ 1 from $ 15.06 to $ 14.06. I bought 400 at $ 14.10 and sold it at $ 14.56; profit: $ 184
Total profit = $ 300. Net profit because MGM is now at $ 9.03 = $ 200
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lusob
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« Reply #2 on Nov 14, 2009, 8:17am » | |
Here's my trading history from 10/30 - 11/13.
10/30: BOUGHT 400 SHARES OF MGM AT $9.2799
11/3: SOLD 400 SHARES OF MGM AT $9.4001 Profit: $ 52
11/2: BOUGHT 400 SHARES OF MGM AT $8.8799
11/2: SOLD 400 SHARES OF MGM AT $9.1701 Profit: $ 116
11/2: BOUGHT 550 SHARES OF LVS AT $14.098
11/2: SOLD 550 SHARES OF LVS AT $14.56 Profit: $ 253
11/3: BOUGHT 470 SHARES OF LVS AT $14.0975
11/3: SOLD 470 SHARES OF LVS AT $14.4337 Profit: $ 159.80
11/4: BOUGHT 400 SHARES OF MGM AT $9.3699
11/5: SOLD 400 SHARES OF MGM AT $9.7101 Profit: $ 136
11/4: BOUGHT 500 SHARES OF WEN AT $4.1782
11/5: SOLD 500 SHARES OF WEN AT $4.2199 Profit: $ 15
11/4: BOUGHT 400 SHARES OF LVS AT $14.9075
11/5: SOLD 400 SHARES OF LVS A T $15.1125 Profit: $ 80
11/5: BOUGHT 300 SHARES OF MGM AT $9.7299
11/9: SOLD 250 SHARES OF MGM AT $10.2601 Profit: $ 132.50
11/10: SOLD 50 SHARES OF MGM AT $10.15 Profit: $ 21
11/6: BOUGHT 300 SHARES OF LVS AT $15.35
11/10: SOLD 300 SHARES OF LVS AT $16.5813 Profit: $ 369
11/9: BOUGHT 153 SHARES OF MGM AT $10.3999
11/11: SOLD 153 SHARES OF MGM AT $10.6801 Profit: $ 42.84
11/10: BOUGHT 300 SHARES OF MGM AT $10.2797
11/11: SOLD 300 SHARES OF MGM AT $10.7001 Profit: $ 126
11/11: BOUGHT 620 MGM @ $10.9899
11/13: SOLD 620 MGM @ $10.7301 Loss: $ 161.20
11/12 BOUGHT 300 SHARES OF LVS AT $17.4175 Profit: $ 12
11/13 SOLD 300 CASH $17.3825
Total profit, excluding commission: $ 1,353.94
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lusob
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« Reply #3 on Dec 3, 2009, 7:04pm » | |
Here's a list of extended traded funds:
http://www.nasdaq.com/investing/etfs/broad-based.aspx
What are Broad-Based Exchange Traded Funds?
These are Exchange Traded Funds (ETF) that have as their underlying tracking instrument an index or other financial product made up of a well diversified number of stocks. The smallest is the DJIA with 30 industrial stocks, represented by Diamonds, and the largest is the Russell 3000 Index, represented by the iShares Russell 3000 Index Fund.
Investors choose broad-based ETFs when they wish to achieve the greatest level of diversification while matching the returns of the underlying index. Purchasing a broad-based ETF allows the investor to a commit a small amount of financial resources and effectively own the same basket of stocks as are contained in a major index.
http://en.wikipedia.org/wiki/Exchange-traded_fund
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lusob
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lusob
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« Reply #5 on Dec 3, 2009, 7:12pm » | |
Inverse extended traded funds:
An inverse exchange-traded fund is an exchange-traded fund (ETF), traded on a public stock market, which is designed to perform as the inverse of whatever index or benchmark it is designed to track. These funds work by using short selling, trading derivatives such as futures contracts, and other leveraged investment techniques.
By providing, over short investing horizons and excluding the impact of fees and other costs, performance opposite to their benchmark, inverse ETFs give a result similar to short selling the stocks in the index. An inverse S&P 500 ETF, for example, seeks a daily percentage movement opposite that of the S&P. If the S&P 500 rises by 1%, the inverse ETF is designed to fall by 1%; and if the S&P falls by 1%, the inverse ETF should rise by 1%. Because their value rises in a declining market environment, they are popular investments in bear markets.[1]
Short sales have the potential to expose an investor to unlimited losses, whether or not the sale involves a stock or ETF. An inverse ETF, on the other hand, provides many of the same benefits as shorting, yet it exposes an investor only to the loss of the purchase price. Another advantage of inverse ETFs is that they may be held in IRA accounts, while short sales are not permitted in these accounts
http://en.wikipedia.org/wiki/Inverse_exchange-traded_fund
Some inverse ETFs are:
Direxion
Direxion Financial Bear 3X - NYSE: FAZ
Direxion Technology Bear 3x - NYSE: TYP
Direxion Russell 1000 Bear 3x - NYSE: BGZ
Direxion Russell 2000 Bear 3x - NYSE: TZA
Direxion Russell MidCap Bear 3x - NYSE: MWN
ProShares
ProShares Short Dow 30 - NYSE: DOG
ProShares Short S&P 500 - NYSE: SH
ProShares Short S&P MidCap 400 - NYSE: MYY
ProShares Short S&P SmallCap 600 - NYSE: SBB
ProShares Short Nasdaq 100 - NYSE: PSQ
ProShares Short Russell 2000 - NYSE: RWM
ProShares S&P 500 Bear 3x - NYSE: SPXU
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lusob
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« Reply #6 on Dec 3, 2009, 7:32pm » | |
Yesterday, according to investools it signaled that market is due for a pullback.
So I bought 300 shares of financial bear 3x ( triple leverage ) FAZ @ $19.43, 300
shares of small cap bear 3x TZA @ $ 11.56 and 300 shares of SDS Ultra short S&P 500
@ 35.47
FAZ BOUGHT 300 CASH $19.4399 now $ 20.50 potential profit: $ 321
TZA BOUGHT 300 CASH $11.5699 now $ 11.98 potential profit: $ 126
SDS BOUGHT 300 CASH $35.47 now $ 36.23 potential profit: $ 228
If I sold this today my potential profit is: $ 675
I believe the market will drop tomorrow, then I sell it. We'll just have to see.
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lusob
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lusob
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« Reply #8 on Jan 4, 2010, 3:27pm » | |
From a technical analysis point of view, now is a great time to buy GLD. Gold went up today
$ 2.49 @ $ 109.80. It looks like its ready to make a move back up again to $ 120.
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lusob
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« Reply #9 on Feb 2, 2010, 6:17pm » | |
The market is turning up, just made $ 2,298 yesterday trading ERX, LVS, RSU, UCO, UYG, C. Today I made $ 1,858. Total gain: $ 4,156
Oil is on fire, the market and gold is also on fire. Technicals are starting to look good.
It's all about technical analysis - knowing when to buy and when to sell, its about buying extended traded funds that leverage the market. Below is a list of my favorite 'long' etf. When you sense that the economy, oil and gold is going up after being beaten down, buy etf that will double or triple your leverage.
ERX - 3x oil or UCO - oil etf - cheaper etf.
Rather than buying XLE - oil etf at $ 57.04 per share with a gain of 74 cents, you can buy ERX at Last: 38.98 Chg: +1.64 (+4.39%) or
If your more conservative and want to leverage every penny of your hard earned money, buy UCO oil etf at Last: 11.73 Chg: +0.73 (+6.64%).
RSU - 2X SPY
Instead of buying SPY - market etf at Last: 110.38 Chg: +1.32 (+1.21%), you can buy RSU at Last: 31.98 Chg: +0.84 (+2.70%).
DGP - 2x gold
Instead of buying GLD - gold etf at Last: 109.13 Chg: +0.78 (+0.72%), you can buy DGP at Last: 27.25 Chg: +0.40 (+1.49%)
UYG - financial, instead of buying individual bank stock or mutual fund, you can trade/invest in the finalcial etf sector and buy UYG at Last: 5.69 Chg: +0.11 (+1.99%).
C - Citigroup, world bank at a cheap price per share of Last: 3.41 Chg: +0.07 (+2.10%).
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lusob
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lusob
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lusob
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Karma: 0 | | Re: How to make money from MGM stock
« Reply #12 on Apr 6, 2010, 8:42pm » | |
Why MGM is a strong buy....
According to www.mffais.com - Mutual fund faxts about individual stocks as 1/31/2010, filed on 4/2010, the 10 most recent trades reported that institutions bought a
NET of 4,651,220 shares of MGM.
http://www.mffais.com/mgm
Big money ( Institutions ) has been buying MGM for the last 3 weeks. MGM has been rising on the days volume is above average. Money is flowing in.
Example:
The average volume is 21,445,875. The volume today was 41,742,300.
In 18 weeks, MGM has made 18.12% return.
In 6 weeks, MGM has made 26.27% return.
In 1 week, MGM has made 7.86% return.
Other reasons to cheer about. The market is up. The casino and gaming sector is red hot. The institutions are back in the casino and gaming industry generating double digit returns.
MGM is above the 30 day moving average and climbing.
The April Las Vegas convention schedule is book solid with 20 plus conventions of over 1,000 attendees and more. Expected attendees over 174,000, this doesn't include conventions less than 1,000 attendees and daily tourist.
With summer approaching and the May to December convention schedule yet to come expect Vegas, MGM specifically to be fun, busy and profitable.
http://www.lvcva.com/meetings/convention...
The Mayweather vs Mosley fight is scheduled in May 1.
Expect MGM Grand to be sold out with thousands for boxing fans, tourist and gamblers.
That's why MGM can easily reach $ 20 per share before 2011.
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lusob
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« Reply #13 on Apr 11, 2010, 10:02am » | |
How to select a stock to maximize your gain.
Why I think MGM is a good buy.
To invest in stocks, do a top down analysis. First verify the economy. Is it good or bad. If the market is bad, stay out or trade inverse etf and mutual funds that actually make money when the economy is bad.
Next verify what sectors are hot - find out where the institutions ( hedge funds, mutual funds, insurance companies, pension funds... etc) are investing.
To maximize profits or minimize losses learn and master both fundamental and technical analysis.
Finally decide what companies in that sector is the best that meets your criteria.
To maximize profits quicker, I look for stocks that institutions invest in so they can use their billions to move the stock higher and faster.
MGM, LVS - Las Vegas Sands and ERX - 3x energy extended traded fund meets these critera.
MGM is a day traders stock, it has high volatility. The higher the volatility, the more the stock moves, the more money making opportunities you have.
If you don't know technical analysis or don't have great money mgmt skills and are afraid of high volatility, this stock is not for you.
If your a buy and hold investors, this stock is probably not good for you.
MGM is a fundamentally weak company with too much debt.
However, the institutions have returned and are here making double digit returns. With City Center, MGM practically owns 40% of the marketshare of Vegas. MGM is Vegas, Vegas is MGM. Thursday was a great day for MGM, 98.9 million shares were traded and the stock climb $ 1.38 to $ 14.73.
If you want another funda,mentally weak company with 2x the volatility check LVS.
If you want more action with 4x the volatility check ERX - 3x energy etf.
In summary, investing and trading is a personal choice.
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lusob
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« Reply #14 on Apr 17, 2010, 6:15pm » | |
3/31: MGM - bought 275 @ $ 12.14
4/5: MGM - sell 275 @ $ 12.41 ------> $ 74.25
4/4: bought 300 MGM @ $12.64
4/5: sold 300 MGM @ $ 13.24 ------> gain: $ 180
4/5: bought 90 MGM @ $ 13.74
4/8: sold 90 MGM @ 14.80 --> $ 95.40
4/9: bought 300 MGM @ $14.54
4/9: sold 300 MGM @ $ 14.71 ---> $ 51
4/12: bought MGM 300 @ $15.47
4/15: sold MGM 300 @ $ 15.00 ---> $ 141 loss
4/15: bought MGM 600 @ $ 14.69
4/15: sold MGM 600 @ $ 15.00 --> $ 186
Gross profit: $ 727.65
4/11: bought 90 MGM @ $ 14.61
4/16: bought 300 MGM @ $14.64
Cheering for MGM to pblush $ 20 per share or more
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