[milwaukee mike]

Damn I nailed this one. It went down big today.

pavy you are one of the few here that see the writing on the wall.


explosive up moves are almost always only seen in terrible markets, just a bunch of shorts covering because they think they have to.

if you think you must be in the "market" just buy something fun with the odds in your favor like mgm bonds (feb 2014 5.875% bonds trade at 90 with $25 billion of property and $12 billion of debt). easy 25% over 2 1/2 years.
mgm has $3 billion of debt due in 2014 and they can (and will) quite easily sell that much worth of macau debt to pay it off.