Monday, January 23, 2012
MGM: How to Be Right Enough
Thought I'd revisit MGM since I recommended at a price around $9.60. Since then it's gone up before going slightly down before going way up again to more than $13. I felt the stock would produce a good short term return but nothing like it's done. I made about 10% on it in a few weeks. If I'd stayed in, I'd have made more like 40% in not much more time. Still, given the risk of reversal in this relatively volatile stock, I'd say I was right enough. I hope you were more right since my recommendation.