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.

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