Latest Forum Topics / Genting Sing Last:0.765 -0.005 | Post Reply |
GenSp starts to move up again
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leolim818
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14-May-2010 09:36
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I just short half of my baby yesterday and earn some coffee money, now planning to short the other half to cutting lost as I got some bough at high price. I will find another good chance to go in again if the price is drop in the future. HAPPY TRADING. |
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yummygd
Supreme |
14-May-2010 09:34
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yeah me too their UK really killing them or Genting sure make money. shit loss on this counter haiz.
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AnthonyTan
Elite |
14-May-2010 09:32
Yells: "patience" |
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At this point in time, if I will to make a decision, I would rather short than long My tot, not a call. |
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yummygd
Supreme |
14-May-2010 09:30
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covered short at 0.98 den now trying again to short it at 0.985 but dunno if can...cause one lotter but seem to stop liao
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leolim818
Member |
14-May-2010 09:26
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AnthonyTan, thanks for the advice and am think the same, find good time to dump my baby...
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leolim818
Member |
14-May-2010 09:24
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yes although genting booked net profit of 81.8 mil and it sound good, but the weaken on UK business is impact to the company, and this having the big impact to the company.
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freshmind
Senior |
14-May-2010 09:23
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Watch out! Although the price goes up this morning, it may be dumped heavily later today. Somebody must have big lost and lure some retail buyers to go in to recover their big losses!!! Ask yourself, what else good news after this Q1 report? Nowadays, everyone try to cash out from stock market in recent Euro financial crisis and that's why gold price go high! Cool down and be realistic!
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AnthonyTan
Elite |
14-May-2010 09:21
Yells: "patience" |
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After 1Q result announcement, there is nothing for you to look forward to. My tot.
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sinetic8
Senior |
14-May-2010 09:20
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" Stripping out impairment loss, Genting would have booked net profit of S$81.8 million, due partly to fair value gain on derivative financial instruments. With Marina Bay Sands now in operation, investors will be watching impact on Resorts World's revenue in future results. UK business set to remain depressed with management not expecting quick turnaround given weak economic conditions, risk of more tax measures as new government seeks to reduce huge budget deficit."
Maybe for the first sentence, ppl think genting profiting? but i look at the 2nd part for reasons to short.
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leolim818
Member |
14-May-2010 09:18
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Not understand, bad result still going up...I plan to short this baby, but hold on when I see the a lot buying up. Someone please advice? |
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sinetic8
Senior |
14-May-2010 09:17
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me too.. cheers! got to wait until the hype dies down before can long this burger back.
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AnthonyTan
Elite |
14-May-2010 09:11
Yells: "patience" |
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Shorted d burger lol | ||||
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yummygd
Supreme |
14-May-2010 09:11
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someone one lotter trying to buy up den dump | ||||
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baby88
Member |
14-May-2010 09:10
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I think it still have profit of >80M. The lost is actually depreciation (in paper). Happy trading. | ||||
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sinetic8
Senior |
14-May-2010 09:09
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lol different ppl different strategies. previously the news said that the uk government wants to tighten up their budget to overcome their billions deficit. i see this as a negative news for genting. but still.. hope for the best. = )
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OO123123
Member |
14-May-2010 09:04
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err why up still??? i reckon will be panic selling??
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AnthonyTan
Elite |
14-May-2010 08:57
Yells: "patience" |
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Naked short must cover on the same day, if not there will be a penalty.Open a CFD a/c, give you a leverage of 5 times of your deposit (e.g. place$10,000 with broker can trade up to $50,000) Can cover within 30 days or roll over.Finance charges incurred.
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yummygd
Supreme |
14-May-2010 08:34
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unfortunately it is not only their singapore operation that is taken into consideration. do u realise that its the UK that is seriously killing them??? unless they sell the casino in UK i think Q2 will still post loss.
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gabjen
Member |
13-May-2010 22:56
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Hahaha,same thinking and TP as you too but perhaps have to wait abit longer,maybe next year?
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WLBO_BB
Master |
13-May-2010 22:45
Yells: "Warren Look Before Others _ Buffett Best " |
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ipunter must be laughing all the way to bank tomolo or later.... too bad tis round didn't join him... | ||||
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