
Picture would be much clearer after the coming report n EGM on Proposed Divestment of The Casino Opt in The UK on 18 this mth.
Sifus mentioned on taking profit once own profit margin is reached, good suggestion, as greed is no end.
AK would not attend the EGM, then going back to kampong liao. Presume got good foods n drinks then loh. During the EGM, AK opine that not a good move to vote against.
On Tuesday, Genting had a massive selling down due to rumors on share placement which Genting decline to comment and closed at $1.25 with high volume of 0.29 billion shares traded.
An engulfing bearish line occurred (where a black candle’s real body completely contains the previous white candle’s real body). The engulfing bearish pattern is bearish during an uptrend which signifies that the momentum may be shifting from the bulls to the bears.
Both RSI & MACD are turning bearish as MACD lines began to converse together.
Important Resistance of Genting: $1.30
Immediate Support of Genting: $1.24
Currently the prices are well above 20/50/100/200 days MA and RSI near to overbought region.
The rumors of share placement certainly drive fears into investors which caused the huge selling pressure.
As of now, we would not encourage any investors to be a hero and tried catching a falling knife. In fact, prices might fall further if the news is confirmed to be true.
Therefore do monitor the situation of Genting (News, trading volume) before making any moves.
SEE ANALYSIS FOR NOL
If vested, we encourage profit taking if support at $1.24 breached with high volume.
Bearish engulfing pattern at resistance level.
If this counter enters into range trading between 0.85 & 1.30, then no need to work liao.
PRAY VERY VERY VERY HARD tO GOD.
According to Genting Singapore COO, at the LAST AGM,
iMPOSSiBLE
I wIll be VERY VERY VERY GLAD tO get 2nd CHANCE
tO lOad Up at S$0.80.
cathylmg ( Date: 03-Aug-2010 17:56) Posted:
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pharoah88 ( Date: 03-Aug-2010 17:54) Posted:
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cathylmg ( Date: 03-Aug-2010 17:51) Posted:
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pharoah88 ( Date: 03-Aug-2010 17:43) Posted:
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Tuesday: 3rd AUGUST 2010 CLOSING
286,274,00
S$1.250 (-S$0.040)
Hi S$1.310
Lo S$1.230
17:05:03 S$1.25 4,123,000 BfS
17:05:03 S$1.25 2,342,000 BfS
I spent the whOle day staring at it TODAY.
TODAY is very CRITICAL for GENTING SP
whether to BREAK S$1.32 or nOt
SCRiPT DiRECTOR decIded nOt
I have nOt read TODAY ONLiNE yet
sO reading nOw
cathylmg ( Date: 03-Aug-2010 16:53) Posted:
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AK_Francis ( Date: 03-Aug-2010 16:55) Posted:
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pharoah88 ( Date: 03-Aug-2010 16:49) Posted:
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SYNDICATED MOVE
SOLD 60 Million shares
frOm S$1.30 tO S$1.27
UNTiL FEARS SET iN
cathylmg ( Date: 03-Aug-2010 16:29) Posted:
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AbsOlutely a CLEAR CUT MOVE
and they BENEFITED TREMEMDOUSLY
frOm the
MARKET WEALTH RE-DiStributiOn
cathylmg ( Date: 03-Aug-2010 16:29) Posted:
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Good for you.
I oso take cover.
pharoah88 ( Date: 03-Aug-2010 16:31) Posted:
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TODAY is my 1st TiME
tO shOrt d'Burger
REALLY ENJOYABLE
S$0.060 spread
managed tO bUy back at S$1.240
just befOre the 30+ Million ASK QUEUE
DiSappeared
AnthonyTan ( Date: 03-Aug-2010 14:22) Posted:
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Sold some yesterday,took some profits.The rest still holding see how after 18th Aug,hopefully can go higher and wishing everybody here who shouted "HUAT" for the shares makes good $$$$.
hmm... hope it can drop a bit more, thinking to buy in a bit more....

18 Aug can go RWS, not sure what freebies availables...