Forbes Article by BetterTrades

10-11-09

MGM Rally Looking Like A Mirage

Bet against the house when it comes to Kirk Kerkorian's majority owned MGM Mirage ( MGM - news - people ); it's a house of cards.

The Las Vegas-based casino developer and operator running the Bellagio, Mirage, Luxor, Mandalay Bay and MGM Grand has rallied sharply off its March 6 low of $1.81, roaring higher by more than 500% in less than two months, and trading around $11.50 midday Friday.

The Las Vegas-based casino developer and operator running the Bellagio, Mirage, Luxor, Mandalay Bay and MGM Grand has rallied sharply off its March 6 low of $1.81, roaring higher by more than 500% in less than two months, and trading around $11.50 midday Friday.

Forbes Article by BetterTrades