Stock manipulation of MGM?

The stock ran wild, from $10 to $14… a breathtaking rally in a matter of a few days.

And finally it came to light. MGM is placing more shares into the market. No wonder there was the pump… so they can get their $12.65 pricing.

Manipulation are everywhere in this market, this includes the FED and more.

Manipulating MGM stock price is easy as the company is a mid cap, edging to the lower end of a large cap. Furthermore, there was a huge short interest and all that PUMPER had to do was to continue bidding up the price.

Some may not agree that there was manipulation. It felt like the VEGAS recovery pulled this stock up. This is why WYNN and LVS had their run too.

Regardless, this has been a good pair trade. LONG MGM, SHORT LVS was not a bad tradeoff.

To stay hedge now, I would LONG MGM and short WYNN, since WYNN has gotten ahead of itself while MGM is still cheap. Long term valuation for MGM has dropped to $17 due to the new shares.