Professional Traders

[Charles Living]

Let's take a look at MGM:

With consumer spending and gambling slowing in the past two months for Vegas casinos, it appears MGM is near the bottom. It's looking ready to start running with the bulls relatively soon with potential gains ranging from 15% to 56% depending on how long and when an individual is willing to take profits.

This would be a short term play (a little over half a year).

I'm currently in at $9.30 last week with a sell target anywhere from $11-$15.

Successful Trades: 13/15 = 87%

*Refer to the Intro/iBox for more information.