Investment in Casino Stocks Series II: MGM Mirage

Last week's post “Investment in Casino Stocks Series I: Las Vegas Sands” on Long & Short Investment presented a good strategy for entry point for LVS.  Similarly in Series II of Investment in Casino Stocks, MGM Mirage also presents a good buying opportunity.  Looking at one year chart of MGM, there is a clear descending trend line that has been consolidating for the past several months