RW is more popular than Marina Sands. Asian gamblers appear to prefer RW than MS. If Sands can achieve this visitors number, imagine RW !
Sands' $5.5 bln bet on Singapore looks to be paying off
Wed Jun 23, 2010 5:50am EDT
SINGAPORE, June 23
(Reuters) - Las Vegas Sands' bet on
gambling-wary Singapore may be paying off. The world's most
valuable casino firm said its $5.5 billion casino resort in the
city state is on track to draw up to 150,000 visitors a day
once things are in full swing, the highest number for any of
its properties worldwide.
The
casino itself, the second in Singapore after Genting's
(GENS.SI)(GENT.KL)
Resorts World on the resort island of
Sentosa, is seeing 25,000 visitors a day, above Las Vegas
Sands' (LVS.N)
expectations, officials said on Wednesday.
The world's second-most expensive gambling complex after
MGM Resorts' (MGM.N)
CityCenter in Las Vegas, was formally
opened on Wednesday after a soft launch in April and economists
said the numbers it had forecast could help bolster the
economy.
"If these numbers are
really achieved, you could see a more
sizeable impact on Singapore's GDP," said Kit Wei Zheng, an
economist at Citigroup.
"If you do
150,000 a day it would probably offset some of
the growth drag you may see from G3 economies."
The numbers could help ease the persistent
ambivalence in
closely regulated Singapore about legalising the gambling
business, and worries about the social ills that could come in
its wake.
The government levies a
hefty S$100 fee on each Singaporean
every time they step into a casino but that hasn't deterred
those who want to have a flutter. About S$70 million has been
collected from locals visiting the city's two casinos as of May
10.
Sands said Singaporeans
accounted for about one-third of
the 25,000 people who visit its casino every day.
Based on center line of the channel, the price is around $1.1 as of now. See chart for clearer view.
AnthonyTan ( Date: 24-Jun-2010 11:31) Posted:
Wait for pullback till at least the prices are at
the centre of the trading channel. e.g. at what
price??????
lowchia ( Date: 23-Jun-2010 21:21) Posted:
Today Genting re-tested its support at $1.14 and closed higher at $1.15 with low volume of 54.9 million shares traded.
A white candle stick with little lower shadow and low volume indicated that the current interest in this counter is small.
Both RSI & MACD are bullish with RSI already at oversold region.
Important Resistance of Genting: $1.16
Immediate Support of Genting: $1.14
We expect profit taking for Genting very soon since this counter is
already in oversold region and moreover the candle stick from past 2
trading day displayed with long upper/lower shadow at resistance.
Therefore we do not advise to enter this counter now and wait for
pullback till at least the prices are at the centre of the trading
channel.
If vested, we would monitor to see the technical/ Fibonacci 38.2%
support at $1.14 can hold. Once broken, investors may choose to take
profit depending on individual profiles.
Thanks for correcting my typo..it is overbought!! Already correct my website ver.
pharoah88 ( Date: 24-Jun-2010 11:35) Posted:
RSI overSOLD ? or overbought ?
lowchia ( Date: 23-Jun-2010 21:21) Posted:
Today Genting re-tested its support at $1.14 and closed higher at $1.15 with low volume of 54.9 million shares traded.
A white candle stick with little lower shadow and low volume indicated that the current interest in this counter is small.
Both RSI & MACD are bullish with RSI already at oversold region.
Important Resistance of Genting: $1.16
Immediate Support of Genting: $1.14
We expect profit taking for Genting very soon since this counter is
already in oversold region and moreover the candle stick from past 2
trading day displayed with long upper/lower shadow at resistance.
Therefore we do not advise to enter this counter now and wait for
pullback till at least the prices are at the centre of the trading
channel.
If vested, we would monitor to see the technical/ Fibonacci 38.2%
support at $1.14 can hold. Once broken, investors may choose to take
profit depending on individual profiles.
It is true, don't buy now. They (BBs) may push up slowly and wait for you to buy. Then it will inch down. Selling to them will push the price further up. "Bo pian ah", this is the fact of life of the stock market. If you don't believe, try out now and let us know the reward or loss.
Now is for those who had vested to sell back to BBs. Its ok to let BBs hold the price of 1.17 or 1.18 or 1.20........BBs had been earning tons of $$$$.
Unless game enough to hold to expect more upside @ own risk.
alexchia01 ( Date: 24-Jun-2010 11:48) Posted:
No no no.
Now is too late to Buy.
Buying at 1.17 is even worst.
The price may continue to rise in the short-term, but I'll not be Buying now.
Today Genting re-tested its support at $1.14 and closed higher at $1.15 with low volume of 54.9 million shares traded.
A white candle stick with little lower shadow and low volume indicated that the current interest in this counter is small.
Both RSI & MACD are bullish with RSI already at oversold region.
Important Resistance of Genting: $1.16
Immediate Support of Genting: $1.14
We expect profit taking for Genting very soon since this counter is
already in oversold region and moreover the candle stick from past 2
trading day displayed with long upper/lower shadow at resistance.
Therefore we do not advise to enter this counter now and wait for
pullback till at least the prices are at the centre of the trading
channel.
If vested, we would monitor to see the technical/ Fibonacci 38.2%
support at $1.14 can hold. Once broken, investors may choose to take
profit depending on individual profiles.
Post Reply
14061-14080 of 23260