MGM

Discussion in 'Stocks' started by KCalhoun, Mar 18, 2020.

  1. gaussian

    gaussian

    I watched the speech after I heard casinos are shutting down.

    While his points were good in general, and I think it's smart to shut down non-essential business temporarily, Las Vegas is a very special case and he didn't consider it. Most of the state is employed by the casinos in some capacity with many of them being part time + tip employees. All of these people were just laid off. There is a bustling small business scene in the downtown area that will probably be killed off by this. The construction of the stadium, which was supposed to bring 30,000 jobs, will now be halted probably indefinitely. Las Vegas's housing market is now imperiled by this.

    As much as I dislike him and his anti-American views at the most surface level what he did made sense. Nevada's testing is apparently behind everywhere else. Without a view into the total damage caused by the virus so far you have to take drastic measures. The part that disappointed me with his speech was he was so cavalier with it. He even mentioned he hopes that Trump gives money to everyone. He presented no actual solution to the tens of thousands or MORE that are now unemployed. These are the people who will be stealing from people's carts in stores and breaking into mailboxes in a few months if the 30 day quarantine isn't lifted promptly.

    The local news stated afterwards that, from what it looks like, mechanics and laundromats will remain open.
     
    #11     Mar 18, 2020
    KCalhoun likes this.
  2. tiddlywinks

    tiddlywinks

    Las Vegas is now in pole position one for being the first state to enter into DEpression, thanks to the governor. Souvenir shops are non-essential, and so are tourists!! Welcome to the Dark Ages where the black plague kills 3% of people who get it.
     
    #12     Mar 18, 2020
    KCalhoun likes this.
  3. Brilliant. The newb recommending LEAPS when the ticker IS a LEAPS call at this point. Pay >120 vol for MGM LEAPS, yeah, gold.
     
    #13     Mar 18, 2020
    FriskyCat and newwurldmn like this.
  4. tiddlywinks

    tiddlywinks


    The gold is held at Caesars... next to the count room.
     
    #14     Mar 18, 2020
  5. newwurldmn

    newwurldmn

    Fucking Democrats trying to prevent the disease spread. Republicans keep suggesting that we all go to restaurants.
     
    #15     Mar 18, 2020
    PoopyDeek likes this.
  6. Any stock trading below $10 is basically a LEAP with no expiration or vol to pay for,
     
    #16     Mar 18, 2020

  7. What you meant to say : the amount of money NOT being lost is mindboggling
     
    #17     Mar 19, 2020
    KCalhoun likes this.
  8. nah, thats bs
    wont explain why
    for that you pay
     
    #18     Mar 19, 2020
  9. KCalhoun

    KCalhoun

    #19     Mar 19, 2020
  10. tiddlywinks

    tiddlywinks

    #20     Mar 19, 2020
    KCalhoun likes this.