Kerkorian holds a 54% stake in MGM Mirage, which as of yesterday had fallen 90% since peaking at $106 almost exactly a year ago. It is not possible to project a low using the long-term charts because the stock has exhausted all possible downside targets. However, a charitable reading of the daily bars suggests Kerkorian, as well as his deep-pocketed backers in Kuwait, may get relief down around 7.20, a midpoint pivot that we ourselves could try to bottom-fish if and when the opportunity arises. _______ UPDATE: The futures have taken an oversold leap from 8.91, so we’ll shelve the order for now.