Comments on: MGM’s CityCenter Gets A Reprive http://www.passionsofazealot.com/2009/03/27/mgms-citycenter-gets-a-reprive/ by Andrew Calvo Sat, 21 Apr 2012 18:50:09 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Lo http://www.passionsofazealot.com/2009/03/27/mgms-citycenter-gets-a-reprive/comment-page-1/#comment-1532 Lo Sat, 28 Mar 2009 09:06:14 +0000 http://www.passionsofazealot.com/?p=573#comment-1532 I wonder if Dubai World has a financial interest in seeing MGM Mirage(MGM) go into BK. If Dubai World has a large portfolio of MGM credit default obligations (CDO's), then they would have an incentive to work toward MGM's demise(even selling MGM stock short). It is possible that MGM stock could spike with shocked short-sellers(Dubai World?) rushing to cover their shorts all next week. It will be interesting to see what happens. If you have some speculative cash, then maybe you might consider buying a little MGM stock(like I did on Friday at 2.82/sh). Just a thought... I wonder if Dubai World has a financial interest in seeing MGM Mirage(MGM) go into BK. If Dubai World has a large portfolio of MGM credit default obligations (CDO’s), then they would have an incentive to work toward MGM’s demise(even selling MGM stock short).

It is possible that MGM stock could spike with shocked short-sellers(Dubai World?) rushing to cover their shorts all next week. It will be interesting to see what happens.

If you have some speculative cash, then maybe you might consider buying a little MGM stock(like I did on Friday at 2.82/sh).

Just a thought…

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