Super Bowl 'Smash-It-Up' Trades

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Super Bowl Trade VIII: Short MGM Mirage (MGM)

Plenty of rooms to fill -- but no takers

By Michael Shulman

In an economy like this, is anyone going to the game? Yes -- but Pittsburgh people will stay in their cars (hotels are too expensive) and the Arizona people will stay in foreclosed houses (so they should feel right at home).

Speaking of hotels -- short 'em. I received an e-mail from the Mirage in Las Vegas to come out to watch the Super Bowl for $69 a night. Last time I was there for the Super Bowl, maybe 15 years ago, it was about $400 a night. The Mirage is owned by MGM Mirage (MGM), which is hovering at a technical support price. Once it breaks through, look out.

I am not traveling to Tampa or Las Vegas -- I am staying at home for the big game. And I'm shorting MGM.

Short MGM Mirage.(MGM)

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