Showing posts with label MSG. Show all posts
Showing posts with label MSG. Show all posts

Thursday, July 8, 2010

MSG

Shares in Madison Square Garden Inc., the owners of the Knicks, jumped $1.30, or 6.4 percent, to close at $21.57 Wednesday. Volume was up dramatically at 1.7 million trades, more than five times the daily average of 311,000.

This is a perfect example of how traders have access to more information than the broader market. The Maestro made a hefty bet as well on MSG back in March, so he is hopeful to make a windfall on LeBron - if he in fact comes to NYC.