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Non-Tech : MGM Grand Hotel and Casino Symbol MGG
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To: Randy Atkins who wrote (9)7/19/1997 8:45:00 AM
From: Steven W.   of 96
 
Randy,

It was hard watching this fall from $40 to $32.50. I felt that after the
Tyson ordeal there would be some selling. I didn't expect this. The
whole group is down.

CNBC did a special on casino's 2 weeks ago and said to stay away
from this group. I have bought and sold MGG for over 3 years and
have done quite well.

I almost got out at $40, but this time I am holding for a little higher.
My wife and I go to Las Vegas about once every couple of years
and always end up spending time at the MGM. New York New York
is on fire.

Management is top notch and this stock is trading on last years PE
not this years. Look for a good run up if it post $.56 per share or higher.

Also, all the new brokerage coverage is a buy or strong buy.

Steve
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