An old man had his shorts open?
Last time passed through the MGM Grand (admittedly over a decade ago and during the afternoon) there was nobody there except a couple lions . The slots were empty. The entire gambling floor was empty.
All roads lead to Moneybags Soros.
Soros made his bucks by upsetting countries financially. Just sayin’
It all makes sense now.
No wonder the media have refused to cover this.
So he did the same thing as the 9/11 hijack guys on the insurance companies..?
Why is that evil little kapo allowed to live???
How would anyone get this information?
Yeah, anything bad in the world is because of Soros.
Whether there is any proof or not.
Because he’s just really bad.
Did he have a short on any other Casino stocks? Did he short gun makers as well?
Where is the SEC investigation? They got Martha Stewart for taking the advice of her cpf (and lying about it).
Certainly there is enough here for an investigation. But, the SEC doesn’t do anything because there’s so much fraud in the financial system and if they pull the wrong thread the whole thing may come apart.
Wooden stake, silver, expose to daylight, ...
That tells me the rotten SOB knew it was gonna happen and took advantage of it.
The SOB ought to be jailed for this....just like Martha Stewart was.
A dirt nap would be better yet.
I own a few shares of MGM (only 50) and it dropped 10% since the shooting. That’s reaction but the hotels are still there. I’m not selling.
In the first place, it is VERY common for a bondholder to short common stock against a sizable bond purchase; which amounts to a loan to the entity. It’s a form of protection: If the entity (at worst) “goes BK” or (less worse) suffers a credit downgrade, it’s very probable that the common will “show red” to some extent, in other words, decline in market price. As that decline shows up in the common stock, a short bet flowers.
If in fact Soros shorted the stock circa 8/14, then he is near even. He certainly had to sit through some heat between then and now as the stock ramped up from about $30 to 34.6. But now he’s close to even with the stock back to 30.43. If he bought puts (to express a “market short” opinion then he lost a month’s premium or so but he would have bought puts much farther out, so that loss would not be that much. And, he probably sold puts against his long puts, as well, to bring in some nickels.
Soros is not especially in the business of losing money on bets.
I searched for MGM Resorts International news, going back as far as June, July, August this year, looking for reports that would be “bearish” or negative, in MGM Resorts International revenue or bottom line. I found only one negative report but it was only negative as to MGM Resorts International interests in Macao specifically and not MGM Resorts International in general. In fact most all the reports were not even neutral, but positive.
So, yes, people can legitimately wonder why - on what news - would Soros short MGM Resorts International in August.
I wonder, does Soros have an investment history of merely being a contrarian - going opposite of the general trend in a stock? If not, his MGM move could look very curious.
Probably not related if you look at the charts from a technical stand point it was a clear short.
Satan’s minions work together.
Imagine the headlines if Trump Had A $42 Million Short Open On MGM.