MGM Resorts International (MGM)

[fxchat]

I think the $12 call option is a good bet.

This will hit $15 by JAN 2011.

I am buying the $12 Calls Jan 2011.



What do you think?

For the short term? Looks like it may go slightly below the 200ma for a while. I am predicting a drop to the 61.8% level of the previous uptrend. So I will enter at $7.40 large.