Since risk has gone completely out of the market why not pour more money into a loser ? If Mr. Kirk has decided fo finally lighten up on his gigantic holdings, why would anyone do the opposite ? Mr. K was decimated with his huge position in MGM - Now it's more botttom fishing time, that's all it is. In case the author hasn't noticed, there is a huge bubble in the Macau market. 25% of the 'whales' constitute 70% of casinos revenues. All casinos vying for the same small pool of fish, does not sound like a recipe for growth. Plus, being tied in with Pansy Ho or any Ho family member is delusional and akin to abetting criminals. The little guy has long since departed the manipulated, corrupt market. Hence, who cares what the institutions do or don't do ? The last man standing will always be Goldman Sachs, the evil empire incarnate. That's all that matters to our inept government. If the atrociously managed MGM continues to lose money at a whirlwind pace, and they will, the institutions should be pouring more paper dollars in all the way down. So what ?
-
Since risk has gone completely out of the market why not pour more money into a loser ? If Mr. Kirk has decided fo finally lighten up on his gigantic holdings, why would anyone do the opposite ? Mr. K was decimated with his huge position in MGM - Now it's more botttom fishing time, that's all it is. In case the author hasn't noticed, there is a huge bubble in the Macau market. 25% of the 'whales' constitute 70% of casinos revenues. All casinos vying for the same small pool of fish, does not sound like a recipe for growth. Plus, being tied in with Pansy Ho or any Ho family member is delusional and akin to abetting criminals.
Oct 24 12:28 pm
|Rating:
+1
-1
All Comments by capital pains »Institutions Doubling Down on MGM [View article]
The little guy has long since departed the manipulated, corrupt market. Hence, who cares what the institutions do or don't do ? The last man standing will always be Goldman Sachs, the evil empire incarnate. That's all that matters to our inept government.
If the atrociously managed MGM continues to lose money at a whirlwind pace, and they will, the institutions should be pouring more paper dollars in all the way down. So what ?