Genting Sing    Last:0.755    -0.005

GenSp starts to move up again

 

 

Olam was a good buy ! 

BullishTempo      ( Date: 30-Aug-2010 09:13) Posted:   Olam up 8 cents, property counters city dev, capitaland, kepland all down. GentingSP off high from 1.64

 

 

Olam up 8 cents, property counters city dev, capitaland, kepland all down. GentingSP off high from 1.64 

 

What are the chances of winning in the casinos??????

1%, 5%, 10%. Anybody has the statistics??????

 

$1.64 ...That's right!, This is what I'm expecting...

 

National Day Rally - PM again reminded Singaporean and

PR not to gamble in the casinos. The casinos are for the

foreigners . Hahaha, I have yet to step in.

 

 

Yes iPunter is right. And this is a bearish signal for GentingSP.  But the strong Dow Jones closing on friday ( +164 points) may dampen the bearish effect.

By the way, anyone watched the national day rally last night? New measures are coming out to control red hot property market. Shorting the property counters could be an idea.

I will be observing a few counters today. Long on some, short on some. Have fun and trade safe !!! 

iPunter      ( Date: 30-Aug-2010 08:11) Posted: Bettors using chart patterns will be having a field day today...        A "butterfly" pattern is formed and completed...               But the final outcome, which should be taking place in the next                      sessions/s is yet to be decided... BullishTempo      ( Date: 30-Aug-2010 07:42) Posted:     I am gonna spend some time to look at other counters today. Good luck guys

 

Bettors using chart patterns will be having a field day today...

       A "butterfly" pattern is formed and completed...

              But the final outcome, which should be taking place in the next 

                    sessions/s is yet to be decided...

BullishTempo      ( Date: 30-Aug-2010 07:42) Posted:     I am gonna spend some time to look at other counters today. Good luck guys

 

 

 

I am gonna spend some time to look at other counters today. Good luck guys   

 

 

True, but I believe the bond money will be put to good use in new investments and business ventures. Prices of commodities can only go up and not down, especially if there is bad weather currently across the globe that is bound to affect farm harvests and thus supply. Just my take.

pharoah88      ( Date: 29-Aug-2010 10:28) Posted: Olam  wIll  be  wOrkIng  fOr  Its  bOnd  hOlders  Over the neXt  tEn  yEars  at  7.5%  cOupOn  rate ? bEwarE  Of  bOnded  and  nOted  entItIes  Over  neXt  10, 20, 30, 40  yEars ? ? ? ? BullishTempo      ( Date: 29-Aug-2010 09:19) Posted:     Nobody looking at Olam? GentingSP could be pretty quiet next week looking at last week thursday and friday.

 

Olam  wIll  be  wOrkIng  fOr  Its  bOnd  hOlders 

Over the neXt  tEn  yEars  at  7.5%  cOupOn  rate ?

bEwarE  Of  bOnded  and  nOted  entItIes 

Over  neXt  10, 20, 30, 40  yEars ? ? ? ?

BullishTempo      ( Date: 29-Aug-2010 09:19) Posted:     Nobody looking at Olam? GentingSP could be pretty quiet next week looking at last week thursday and friday.

 

Ezion looks like moving up.Can consider.

 

 

 

Nobody looking at Olam? GentingSP could be pretty quiet next week looking at last week thursday and friday. 

 

 

 

wOrld   ecOnOmy  had  been sIck  aLL thIs  whIle  ?

jUst  that  It  was   blInd-sIghted  and  smOked  ?

nOw  that  the  smOke  Is  cleared  ?

aLL  pretended  as  thOUgh  ?

Its  lOng term  sIckness  had  jUst  been  dIscOvered ?

In  realIty,  It  was  delIberately  IgnOred  aLL  the  tIme ?

READ  Robert Kiyosaki's  THE  PROPHECY 

 

See. Msg posted on 22 Aug -

This week has ended, another round of topping for Genting SP on lower volume, indicating Genting SP trading price is deteriorating / (teeth53 take) - slipping may not be so significant.)

BBs, day traders and punters has reason to continuing worries over DOW / Wall Street economic trouble data, putting fear to be on guard.

teeth53 thot - This coming week, fear is temporay put aside on the burner. Having said this -                      Don't throw cautious to the wind. 

teeth53      ( Date: 22-Aug-2010 13:18) Posted: With the exception for last week 1st three (3) days trading volume. Last Thursday and Friday saw lower traded volume.  (plus thing like margin calling, couple with speculators, force selling, as well as opportunties punters) as BBs, day traders and punters has reason to continuing worries over DOW / Wall Street economic trouble data, putting fear to be on guard.  This coming week, another round of topping for Genting SP on lower volume, indicating Genting SP trading price is deteriorating / slipping may not be so significant. For easy reference: Last previous five (5) days. It shot to $1.68c and traded down to $1.48c (for short term punters)

 

Hi,thanks for the advice,currently there's no postion for me.I will see how things goes along.I'm neither overly pessismistic nor optismistic about this counter.

 

 

You are thinking along on the right lines...

    At this moment, the world economy as a whole is very sickly...

        Meaningful world economic growth in the foreseeable future is hard to envisage.

            At the moment, it seems obvious that the world is sustained by a 'casino' economy where people are

               clamoring to make a lucrative living by means of gambling and speculative activities.

                   Banks are jittery to lend as freely and  unworriedly than before,

                        fearing it will re-create another subprime-type spectre if they do... 

gabjen      ( Date: 28-Aug-2010 12:36) Posted: To some which may hold a different view from you,it's a waste of time and money stock for long-term holders.LOL

 

It makes no sense to hit S3/- when it do not hit now with so much interest shown by so many BBs parties to it.

It makes sense to show case with a bang by whoever has direct interest, like govt and owner to boost it interest over the past two traded weeks. Since Friday. August 13th, 2010. Since then after this super Friday incident

Genting SP trade has gone to trade to a high of $1.68c and a low of $1.48c, it going to be unavoidable to gauge range bound in short term outlook for coming this week and on a low volume (unlike last week Mon and Tues volume).

tetth53 thot - Do trade with care, don't punt too much, or short it, (in house trade is Vs in house trade) 

 

To some which may hold a different view from you,it's a waste of time and money stock for long-term holders.LOL


 

 

Fundamentally, this counter is making good profit, hit headlines, contribute to GDP, high volumes traded, high public interest and high instituitions interest........whilst sitting on top of the economy chain.......it makes no sense that the price remains below $3. However, price flunction is unaviodable...in short term outlook.



 

 

I see no  spinning top  leh , can anyone give further advise?

lowchia      ( Date: 27-Aug-2010 23:03) Posted: On Friday, Genting re-tested its support at $1.59 and closed at $1.60 with LOW volume of 53 million shares traded. A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble. Both RSI & MACD are turning bearish as RSI remains in “overbought region” Important Resistance of Genting: $1.68 Immediate Support of Genting: $1.59 Currently prices are well below the 20/50/100/200 days MA. Till now Genting still maintained a “rising trend” as shown on the red lines. At this point of time, we would not encourage anyone to buy this stock. SEE ANALYSIS FOR ST ENG Instead we would suggest looking out for the support at $1.59 since MACD divergence is already spotted (Prices going higher but MACD going lower) which indicates the rally is lack of conviction. (Low trading volume for recent sessions also prove this point)