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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (159066)10/22/2008 2:04:04 PM
From: John KoligmanRespond to of 306849
 
LVS topped out around 150 a year ago and is now also $12. Adelson of LVS and Kerkorian of MGM have taken huge hits here. Interesting thing is, with Kerkorian owning such a large percentage of the MGM float, I'm guessing he is pretty likely to try something to preserve it and prevent MGM from going BK. Might be an interesting play soon, we all know Vegas is being affected by the economy in a major way, but the major stocks are down close to 90% already.

Regards,
John



To: The Reaper who wrote (159066)10/22/2008 2:17:53 PM
From: jpk1Respond to of 306849
 
<why didn't I just let it ride> I said that a thousand times about different builders I had shorted. I got killed so many times trading instead of just sitting tight. One of my biggest mistakes was covering my builders when they took off the day Steven Kim announced all builders were going to go much higher. That day marked the high for the past 11/2 to 2 . years.


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