lets advocate a free market guys.... and first just let some people morn.. this is terrible.... but trade what you see... providing liquidity to the market or taking it is what makes a market... if your selling, your faciliating liquidation of overpriced assets and helping the price to approach a fair value, if your buying it you are supporting the price which you believe is undervalued...
I agree 100%. I feel so bad for everyone, but at the same time, I really hope they don't bring metal detectors to casinos now and treat everyone with suspicion who ask for a high floor # facing the strip or something. I'm so sick of living in a culture of fear. Most people are good people -- many are assholes and a very small few are mentally ill to the point worth watching closely.
Seems a bit of an overreaction on the selling pressure to me... what are the main competitors doing? Who are the main comp? WYNN is only down 1+% I don't get why it's value would drop by 750mln suddenly... do they just write-off the whole building?
Good point I guess. But that was an act of God. There's a difference. But money knows no morals so it is what it is. Some analyst came out today and said MGM could suffer a 30% haircut from here. He's an idiot.
%% Good work, ahp; many have tried to ignore that, perhaps afraid of chamber of commerce.I think Carl Ichan has bee a real help to the market, he sold his casino .......+ CHK @ a loss. NOT a prediction