Reposting from an early thread by FR Polynikes:
Follow the money.
CEO James Murren of MGM Resorts International selling pattern of stock in early to mid September as well other insiders. Murren makes around $18 mil. They may just have been following Murrens lead but sells to buy ratios were 9-12 to 1. He knew something was coming. Reminds one of the heavy pattern of puts on UAL and AA prior to 9/11.
All that by itself can be construed as normal financial dealings by board members but when Soros Fund MGMT buys 42,242,000 worth of Puts (short) on MGM on Aug 14 makes one go hmmm?.
That’s a big bet and Georgie is known to rely on inside information. They haven’t exercised their options yet but its still early. If they get what they hope for they stand to make a boatload of money.
https://whalewisdom.com/filer/soros-fund-management-llc#/tabholdings_tab_link MGM Resorts owns Mandalay Bay.
All that by itself can be construed as normal financial dealings by board members but when Soros Fund MGMT buys 42,242,000 worth of Puts (short) on MGM on Aug 14 makes one go hmmm?.
That’s a big bet and Georgie is known to rely on inside information. They haven’t exercised their options yet but its still early. If they get what they hope for they stand to make a boatload of money.
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Interesting post.
Could not open your link.
Is that the source of you information that it was soros that bought $42,242,000 in puts on MGM?
http://www.freerepublic.com/focus/f-chat/3593096/posts?page=12#12
Thanks for the link about the stocks’ movement before the shooting.
Polynices,
Do you have the link to that article about Soros’ involvement with the money moving?
Ping, follow the money...
Expanding on the original post. Look at the sell patterns prior coupled with the activity of puts by Soros on Aug 14. By themselves meh not such a big deal but taken in totality makes for a curious series of events.
That one purchase can be construed as significant. The rest can ba ascribed to coincidence or patterns of history or something. With Soros there are no coincidences and he makes patterns.
Was there anything else going on with MGM that could explain the drop in share price?