*SCALPSWINGSTRADDLE*

[JohnnyWinter]

So Tracinda is dumping 27 M in addition to the 40.9 million MGM is dumping

MGM Resorts announces 40.9 mln share common stock offering; Tracinda is offering ~27.78 mln sharesFont size: A4:38 PM ET 10/12/10 | Briefing.com
Co announces that it is offering 40,900,000 shares of its common stock and that its largest stockholder, Tracinda Corporation, is offering 27,782,000 shares of its common stock pursuant to an effective registration statement. Barclays Capital Inc. is the sole underwriter. MGM Resorts International intends to use the net proceeds from the sale of the common stock for general corporate purposes, including the repayment of debt. MGM Resorts International will not receive any proceeds from the sale of common stock by the selling stockholder. ,

and then there is this...


" 14:42 PM ET MGM Resorts Bd Has Authorized Submission Of Offer To Boyd Gaming
Dow Jones "

What was there, like 20 articles put out in 10 minutes? How about some message control???


LOL


No matter what though, MGM is a POS and it will tank more imo. It's a buy around $10 and a sell between 12 and $13.