Genting Singapore (G13.SG) last down 2.2% at $1.76 on profit taking after run-up to new 52-week high of $1.83 in early trade, says Dow Jones.
Pullback amid current gains by most other STI components not surprising given stock’s 43% rally since August 12, when gaming group announced return to profitability in 2Q10.
“We still like Genting Singapore, but the technical oscillators have become overbought,” says DBS Vickers, which has fundamental Buy call with $2.00 target; notes stock trading near consensus target price of $1.85.
Immediate support at 5-day moving average, last at $1.70.

Yalor, saw the sell queue getting smaller and smaller...
epliew ( Date: 02-Sep-2010 15:19) Posted:
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wow. now 1.78
should have queue at 1.76>>>>>>>
Yes, Genting SP likes to be centre of attention counter.
pharoah88 ( Date: 02-Sep-2010 14:45) Posted:
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but you got lot of cash on hand....
63K to invest in one single counter ?
wow.....
can you add me as buddie and share with me what share to buy..... but I do not have so much cash on hand.....
hmm sorry, I am a guy and I am not gay...
niuyear ( Date: 02-Sep-2010 15:07) Posted:
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Genting Singapore down 2.2%; Overbought: DBS Vickers |
Tags: Genting Singapore | Genting Singapore Plc
WRITTEN BY THE EDGE |
THURSDAY, 02 SEPTEMBER 2010 11:14 |
This one is pharoah88's wife, he knows her inside out...
BullishTempo ( Date: 02-Sep-2010 15:04) Posted:
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European markets opened with a gap-down. Dow Futures still down. I am not going in till next week man.
Very good observation. It is very interesting actually.....
pharoah88 ( Date: 02-Sep-2010 14:45) Posted:
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15K and
min. 25 K
impressive
Looks like 1.77 may not be there for long....selling queue slowing diminishing....
I am not big punter, hope you interested in my genting porfolio also!
bot 0.925 x 50 lots , sold at 1.23
bot 1.27 50 lots - havent sold yet.
epliew ( Date: 02-Sep-2010 14:31) Posted:
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every tIme DOW UP by 200
GENTING RESETS
every tIme DOW dOwn by 200
GENTING ZOOMS
Support is slowly coming back liao. Now 1.77
No...... It is like asking somebody what his salary is. But what I can say is this, what I make from trading is definitely much more than what I used to make as a software engineer.
Cheers!
epliew ( Date: 02-Sep-2010 14:31) Posted:
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care to share how much u make ?
With the money I made this year from this counter, I think I can afford to take a month off and come back in October and wait for the 3rd quarter results.... hehe...

no worries, some people are buying again at 1.77
see you soon !
Thank you for the support...in out... Will be back the time has come again...
