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Genting Sing    Last:0.74    -0.01

GenSp starts to move up again

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AK_Francis
    04-Aug-2010 00:52  
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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.
 
 
lowchia
    03-Aug-2010 22:49  
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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.
 
 
DnApeh
    03-Aug-2010 21:52  
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Bearish engulfing pattern at resistance level.

If this counter enters into range trading between 0.85 & 1.30, then no need to work liao.
 

 
pharoah88
    03-Aug-2010 21:10  
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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:

I kind of wish it goes back to 80cents. hehe!

pharoah88      ( Date: 03-Aug-2010 17:54) Posted:

SOUTH  is  for  SHORT  [same  FAMiLY


 
 
pharoah88
    03-Aug-2010 21:05  
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See full size image
 
 
cathylmg
    03-Aug-2010 17:56  
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I kind of wish it goes back to 80cents. hehe!

pharoah88      ( Date: 03-Aug-2010 17:54) Posted:

SOUTH  is  for  SHORT  [same  FAMiLY]

cathylmg      ( Date: 03-Aug-2010 17:51) Posted:

Wow! Thanks for the info. Looks like south is the way to go


 

 
pharoah88
    03-Aug-2010 17:54  
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SOUTH  is  for  SHORT  [same  FAMiLY]

cathylmg      ( Date: 03-Aug-2010 17:51) Posted:

Wow! Thanks for the info. Looks like south is the way to go.

pharoah88      ( Date: 03-Aug-2010 17:43) Posted:



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


 
 
cathylmg
    03-Aug-2010 17:51  
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Wow! Thanks for the info. Looks like south is the way to go.

pharoah88      ( Date: 03-Aug-2010 17:43) Posted:



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

 
 
pharoah88
    03-Aug-2010 17:43  
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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
 
 
pharoah88
    03-Aug-2010 17:36  
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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:

Wah! How you know? Next time count me in ok?Smiley

pharoah88      ( Date: 03-Aug-2010 16:49) Posted:

SYNDICATED  MOVE

SOLD  60 Million shares

frOm  S$1.30  tO  S$1.27

UNTiL   FEARS   SET  iN

 



 

 
alooloo
    03-Aug-2010 16:59  
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seem like you accumulating lots of beers...

AK_Francis      ( Date: 03-Aug-2010 16:55) Posted:

Ha ha, just back fr happy hr. Blur like sotong, still dreaming the true story of 1.52. Neither notises ppl massive shortg ds burger. But cleared Yzjiang ds morning, though not panic selling, but just in case, to cater some Carlsberg. Tks all sifus for the prompting. Cheers.

 
 
AK_Francis
    03-Aug-2010 16:55  
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Ha ha, just back fr happy hr. Blur like sotong, still dreaming the true story of 1.52. Neither notises ppl massive shortg ds burger. But cleared Yzjiang ds morning, though not panic selling, but just in case, to cater some Carlsberg. Tks all sifus for the prompting. Cheers.
 
 
cathylmg
    03-Aug-2010 16:53  
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Wah! How you know? Next time count me in ok?Smiley

pharoah88      ( Date: 03-Aug-2010 16:49) Posted:

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:

Which means today is shortist at work. Scaring ppl to sell


 
 
pharoah88
    03-Aug-2010 16:49  
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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:

Which means today is shortist at work. Scaring ppl to sell.

pharoah88      ( Date: 03-Aug-2010 16:25) Posted:



SELLER(S)  WiTHDREW  frOm  ASK  QUEUE

SELLER(S) DARED  nOt  SELL

WHEN  BUYERS  CAME  IN


 
 
niuyear
    03-Aug-2010 16:44  
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I thought it may hv surpport at 1.20. 
 

 
pharoah88
    03-Aug-2010 16:37  
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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:

Which means today is shortist at work. Scaring ppl to sell.

pharoah88      ( Date: 03-Aug-2010 16:25) Posted:



SELLER(S)  WiTHDREW  frOm  ASK  QUEUE

SELLER(S) DARED  nOt  SELL

WHEN  BUYERS  CAME  IN


 
 
AnthonyTan
    03-Aug-2010 16:35  
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Good for you.

I oso take cover.

 



pharoah88      ( Date: 03-Aug-2010 16:31) Posted:

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:

Short d'burger, hahah


 
 
pharoah88
    03-Aug-2010 16:31  
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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:

Short d'burger, hahaha

alooloo      ( Date: 03-Aug-2010 11:44) Posted:

Still got you... Smiley


 
 
gabjen
    03-Aug-2010 16:31  
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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 $$$$.
 
 
alooloo
    03-Aug-2010 16:30  
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hmm... hope it can drop a bit more, thinking to buy in a bit more.... Smiley

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