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Great analysis, thanks!
lowchia ( Date: 27-Aug-2010 23:03) Posted:
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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)
Recalling - Friday 19-Aug-2010 08:52. Posted: in the morning.
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Not many think alike...Better hope today (19-8-10) that Gent SP goback to $1.68c. A different of 11ct Those bot this on a high, really has made bad decision to catch up, Yesterday high is $1.57c teeth53 just sharing my thot.  Pls do ur home work, it ue $$$, ue decision...Ya.
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Those listening to d market and those not 
those die hard fans 
those who bot on catch up / chase up phrase 
This week (from 23, ending 27-9-2010) It highest is set at $1.62
Friday 20-8-2010. Genting SP finished lower to $1.50c. (While it highest is set at 1.68 on Tues)
| Genting SP | 1.500 | 1.500 | -0.030c | -2.0% | Vol:79,222,000 | 4,562,000 | 1.490 | 1.500 | 201,000 | 1.510 | 1.480 |
Super Friday 13-Aug-2010 17:09 Posted: Genting highest set at 1.46c
| Genting SP | 1.350 | 1.460 | +0.180c | +14.1% | Vol:676,743,000 | 21,000 | 1.670 | 1.320 | 70,000 | 1.460 | 1.350 |
teeth53 thot - Another round of topping for Genting SP on lower volume
13-8-2010-Super Friday Volume (one day trade) - 676,743,000 millions share changed hands.
Note 17 to 20-8-2010 (Four traded days - ex-Monday 16-8-2010) Total Volume - 641,514,000 million changed hands.
and this week trade (5 traded Days, 23 to 27-8-2010)
Total Volume 461,785,000 million shares changed hands. It's even lower then previous last week (four days trade)
teeth53 thot - Another round of topping for Genting SP on lower volume
teeth53 ( Date: 21-Aug-2010 12:18) Posted:
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(Should be If Not teeth53 ( Date: 27-Aug-2010 17:09) Posted:
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let see the US market tonight, before jumping into conclusion that this is good for monday.
have a good weekend.
Closing.....
| Time | Last | Volume | Bid/Ask |
| 17:05:02 | 1.600 | 1,794,000 | B |
| 16:59:55 | 1.600 | 2,000 | B |
| 16:59:54 | 1.610 | 1,000 | A |
| 16:59:50 | 1.610 | 1,000 | A |
and trade summary
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 1.580 | 95 | 550,000 | 550,000 | 0 | 0 |
| 1.590 | 298 | 11,454,000 | 10,613,000 | 0 | 841,000 |
| 1.600 | 823 | 25,567,000 | 19,371,000 | 97,000 | 6,099,000 |
| 1.604 | 1 | 85,000 | 0 | 85,000 | 0 |
| 1.606 | 2 | 33,000 | 0 | 33,000 | 0 |
| 1.608 | 1 | 23,000 | 0 | 23,000 | 0 |
| 1.609 | 1 | 11,000 | 0 | 11,000 | 0 |
| 1.610 | 317 | 15,233,000 | 857,000 | 0 | 14,376,000 |
| 1.620 | 11 | 56,000 | 0 | 0 | 56,000 |
| TOTAL | 1,549 | 53,012,000 | 31,391,000 | 249,000 | 21,372,000 |
teeth53 ( Date: 27-Aug-2010 16:45) Posted:
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Last trade at 5.05pm is a 1.79 million sell to buyer at 1.60
Today Friday 27-8-2010. it closed off at $1.60c (unchanged)
| Genting SP | 1.590 | 1.600 | 0.000 | 0.0 | Vol-53,012,000 | 468,000 | 1.600 | 1.610 | 4,186,000 | 1.620 | 1.580 |
(Thurs) 26-8-2010. Closed at $1.60c
| Genting SP | 1.590 | 1.600 | +0.020c | +1.3% | Vol-110,206,000 | 3,647,000 | 1.590 | 1.600 | 320,000 | 1.620 | 1.580 | SERV | SGD | -- | G13 | G13_R |
(Wed) 25-8-2010. it closed higher to $1.58c on lower Volume
| Genting SP | 1.550 | 1.580 | +0.040c | +2.6% | Vol-72,924,000 | 2,043,000 | 1.570 | 1.580 | 2,754,000 | 1.590 | 1.540 |
(Tues) 24-8-2010. it closed at $1.54c
| Genting SP | 1.590 | 1.540 | -0.050c | -3.1% | Vol-107,358,000 | 338,000 | 1.540 | 1.550 | 2,023,000 | 1.600 | 1.520 |
(Mon) 23-8-2010 Genting SP closed at $1.59c
| Genting SP | 1.500 | 1.590 | +0.090c | +6.0% | Vol-118,285,000 | 1,272,000 | 1.590 | 1.600 | 10,206,000 | 1.590 | 1.490 |
teeth thot - One more attempt.to break above (for it price n for vol). Friday is last day for this week
All I know is that STI very bullish today, but Genting no activity. Maybe genting already at short-term high, or maybe all went to buy Olam. Today Olam up 17 cents at closing with super volume.
alexchia01 ( Date: 27-Aug-2010 16:59) Posted:
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Genting SP is reversing downwards.
I'm holding a short position on Genting SP and I'm planning to add more to that position.
However, I think the time is not right yet to short Genting SP. It's about there, just a little while more.
To short Genting SP, you need to see the BBs shorting it too and you join in with them, else can get killed easily.
The guy must be doing naked short, else $1.60 is a good short position to hold.
No naked short please unless you know what you are doing.
alexng ( Date: 27-Aug-2010 16:41) Posted:
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lol ok. Tell him to trade safe and trade defensively. Don't try to be rambo....
alexng ( Date: 27-Aug-2010 16:48) Posted:
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BullishTempo ( Date: 27-Aug-2010 16:44) Posted:
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Volume all went to Olam
teeth53 ( Date: 27-Aug-2010 16:45) Posted:
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No way for punters to short or long -Stag today, will closed on lower volume at this moment,
| Genting SP | 1.590 | 1.600 | 0.000 | 0.0 | Vol-48,141,000 | 1,695,000 | 1.600 | 1.610 | 5,949,000 | 1.620 | 1.580 |
| Time | Last | Volume | Bid/Ask |
| 16:40:35 | 1.600 | 1,000 | B |
| 16:40:29 | 1.600 | 10,000 | B |
| 16:40:27 | 1.600 | 1,000 | B |
| 16:39:49 | 1.610 | 1,000 | A |
| 16:39:17 | 1.600 | 3,000 | B |
| 16:39:09 | 1.600 | 1,000 | B |
Where u heard. Genting too bullish to short
alexng ( Date: 27-Aug-2010 16:41) Posted:
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BullishTempo ( Date: 27-Aug-2010 11:22) Posted:
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Genting Singapore: Sale of UK operations
Summary: Genting Singapore (GS) is selling Genting UK (GUK) to Genting Malaysia (GM), after shareholders of GM voted in favour of the deal this week; GS’s own shareholders have earlier given their nod to the sale last week. With the divestment, we are reducing our FY10 sales estimate by 7.8% (assuming minimal GUK’s contributions in 2H10), and our core net profit estimate by 3.8% (revenue loss mitigated by further margin improvement). Similarly, we reduce our FY11 estimate for revenue by 9.1% but raise core earnings estimate by 7.5%. As we also expect GS to spend less in capex without its UK operations, our DCF-based fair value rises from S$1.66 to S$1.85. Overall, we agree with management’s intention to focus its energy on RWS and also opportunities in the region, as gaming here is still likely to experience good growth prospects.
Maintain BUY. (Carey Wong) OCBC
Playing share also means selling (your trading strategy) and hoping to make money.........I can see that you are here checking out for that 'hope' too just like anyone of us here.....sama sama. hahaha!
iPunter ( Date: 27-Aug-2010 13:26) Posted:
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