Stock Trading Predictions & Technical Analysis: MGM, LVS, WYNN - Weird action going on during after hours

Wednesday, September 16, 2009

MGM, LVS, WYNN - Weird action going on during after hours

I just noticed, like other people on google forums some weird action the after hours, which I really have no idea what to make of it, but find it interesting none the less. The share price of MGM, LVS & WYNN are having huge up and down swings in the after hours, between the lows and the highs of the day.

4 comments:

CatSeptember 16, 2009 at 8:33 PM
It really is very odd, very curious to see what tomorrow brings.
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UnknownSeptember 17, 2009 at 2:34 AM
I thought ABK was the one manipulated during regular hours trading. When it was hitting 1.73, there were 100 shares @ $1.65 being pushed.

The chart was getting all over the place.

Then GNW showed same patterns.

Thought of desperate shorts trying their best.

or

there was some tech difficulties with the exchanges today, few stocks appeared to be halted for a while, like GGWPQ.

Yoel, GGP or GGWPQ is another stock I like, the classic victim of frozen credit market.
Loved Ackmans theory in his presentation, that BK is the best solution for GGP.
So far it seems like it.
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DBSeptember 17, 2009 at 7:54 PM
Hi Yoel,

MGM seem to be moving in range of 12.75 to 13.50 today. Are you still bearish about MGM as of now.. Better to WAIT?

Thanks
DP
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YoelSeptember 17, 2009 at 8:49 PM
Until MGM goes and closes above yesterday's high of $14.21, I will remain bearish. The $14.00 level is a critical resistance level. Maybe MGM will be able to stay around the $12.00-$13.00 and create support, which will then make it safer to get back in. Yesterday MGM gave us a SELL signal, for those who do not currently have a position with MGM, the signal is to WAIT which direction it moves next. MGM can make moves that are very unpredictable and surprising at times. Right now we can only wait, rather than speculate.
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