Genting Sing    Last:0.595    -0.005

GenSp starts to move up again

Btw Mr Lim sold his Gen Sp shares not because he has no faith in the Singapore venture....  he sold it because he needs the capital for another acquisition in another casino (MGM I think?? ) . Truly spreading his wings...... 

machineoperator      ( Date: 07-May-2010 17:49) Posted: You are right that Mr Lim sold almost all his stake in Gen Sp but he is still the CEO of Gen Sp. U must not forget also that all CEOs in listed companies do the same thing.... is to look after the interest of the investors and directors... lay mans term... the company profitability and revenue which is directly related to the company share price. In turns, the CEO gets big chucks of the stock options..... haa haa.... I want to be CEO too I am smart enuff.... too bad I am not...... !!! AnthonyTan      ( Date: 07-May-2010 13:21) Posted: Your 3rd paragraph, if I can remember correctly, Ah Lim has oreli sold a substantial amount of his shares. His assurance to investors are no more credible. If it is good, why sell??????

 

You are right that Mr Lim sold almost all his stake in Gen Sp but he is still the CEO of Gen Sp. U must not forget also that all CEOs in listed companies do the same thing.... is to look after the interest of the investors and directors... lay mans term... the company profitability and revenue which is directly related to the company share price. In turns, the CEO gets big chucks of the stock options..... haa haa.... I want to be CEO too I am smart enuff.... too bad I am not...... !!!

AnthonyTan      ( Date: 07-May-2010 13:21) Posted: Your 3rd paragraph, if I can remember correctly, Ah Lim has oreli sold a substantial amount of his shares. His assurance to investors are no more credible. If it is good, why sell??????

 

Hope the time for this shares below $1 will be over soon.  Time to prove to the market in the 1Q report to show the efforts that the management has put in.

 

it's moving up next week! for sure!

rolandchiau      ( Date: 07-May-2010 16:32) Posted: Wow ! 0.945 last min still going strong?

 

That is good way of trading.  I will try it. Smelling sweet already.Thanks.

matrixneo      ( Date: 07-May-2010 15:16) Posted: Based on 0.935..now its your decision making time.  Say your 10 lots = S$9500.00 incl tax and brokerage charges:  If drop:  Cut-losss/Average Down Based on your comfortable % ,e.g. 10% for low risk appetite or 20% for high risk appetite; Based on falling below next resistance point; Based on MACD or Schochastic; or Based on whatever that you plan to trigger a sell. OR  Hold on and pai pai ti gong hope it will go up one day.   If Rise: Be greedy and hope for more; Sell 5 lots and let 5 lots ride on the profit; Sell all and drink carlsberg and sleep in peace. Laulan      ( Date: 07-May-2010 13:01) Posted: This morning itchy hands went in to buy 93.5 cents.  I bought 10 lots. Wish me luck.  );- Is it too dangerous to go in today when people are in a state of shock?  My thinking is tonight wall street will move up, but if it doesn't then I think stock market may become a dead place to put my money in, right?  I am learning, so please give good advice

 

Wow ! 0.945 last min still going strong?

 

it need to move up by next week...

if she doesn't many will 'see kiaw kiaw' along with her

support is seen on 0.925, next resistnce is 0.975, pls let me know if i prodvide any wrong info.

i just started to learn cahrt reading..

wishbone      ( Date: 07-May-2010 15:26) Posted: If GS can withstand this turbulent time and emerge strong, it will move up on Next Week.

 

If GS can withstand this turbulent time and emerge strong, it will move up on Next Week. 

 

Based on 0.935..now its your decision making time.  Say your 10 lots = S$9500.00 incl tax and brokerage charges:

 If drop:

 Cut-losss/Average Down

Based on your comfortable % ,e.g. 10% for low risk appetite or 20% for high risk appetite;

Based on falling below next resistance point;

Based on MACD or Schochastic; or

Based on whatever that you plan to trigger a sell.

OR

 Hold on and pai pai ti gong hope it will go up one day.

 

If Rise:

Be greedy and hope for more;

Sell 5 lots and let 5 lots ride on the profit;

Sell all and drink carlsberg and sleep in peace.

Laulan      ( Date: 07-May-2010 13:01) Posted: This morning itchy hands went in to buy 93.5 cents.  I bought 10 lots. Wish me luck.  );- Is it too dangerous to go in today when people are in a state of shock?  My thinking is tonight wall street will move up, but if it doesn't then I think stock market may become a dead place to put my money in, right?  I am learning, so please give good advice. AnthonyTan      ( Date: 07-May-2010 09:34) Posted: Those who shorted yesterday before 5 pm, good luck to you. Have coffee and wanton mee oreli, hahaha

 

see u on monday.

AnthonyTan      ( Date: 07-May-2010 14:42) Posted: Will switch of computer soon.If d burger remain at $0.93/$0.935 all the time till 5 pm.

 

You still can continue your game in the casino at Sentosa during weekend after the trading days, ha.

AnthonyTan      ( Date: 07-May-2010 14:42) Posted: Will switch of computer soon.If d burger remain at $0.93/$0.935 all the time till 5 pm.

 

Genting always give you surprise at the last hour.

AnthonyTan      ( Date: 07-May-2010 14:42) Posted: Will switch of computer soon.If d burger remain at $0.93/$0.935 all the time till 5 pm.

 

Genting SP needs a RE-CHARGE  now

 

Will switch of computer soon.If d burger remain

at $0.93/$0.935 all the time till 5 pm.

 

The reason for being here, hahaha

AnthonyTan      ( Date: 07-May-2010 11:11) Posted:  Don't like counters tat stay this way.Imagine uncles & aunties playing ping pong ball. you hit to me and I slowly hit back to you.Like to see fast, fast action, volatility, then can bet on it, hahaha machineoperator      ( Date: 07-May-2010 10:45) Posted: This is one strong counter as of the last few days ...... correctly said .... gone are the panic sellers...... lets hope it stays this way

 

True and fair enough.  There is no free lunch in this world.  In order to have cheap blue chips on hands, we have to take risks to be early birds and it depends on individual risk appetite.  Wish us all the luck.

For those who keeps saying the shares will go down, very simple reasons, they don't have genting sp shares on hands but they still feel interest in this counter and that's why they are here - "absolutely not here for nothing"!

machineoperator      ( Date: 07-May-2010 13:05) Posted: I think that depends on how long you want to keep this counter as investment. Short term... I think $1 will be quite good. But if you are willing to keep any longer than I supposed the decision will be based on what CEO of Genting SP is doing. To me if they start declaring dividends for this quarter and stop issuing rights for now then for it to stay above $1 will be very realistic. If they can declare dividends quarter after quarters then this baby will be really good to keep as the darling of STI. I might be very wrong but the way I see it... Gen SP went from 0.35ct  te 1.32 all based on hoped that it will bring in good profits for this unknown industry in Singapore. All nothing but HOPES. Therefore it fell equally as hard when this HOPE vanished as investors start doubting them if they even have enough money to run this multi billion dollars venture especially when they decided issuing RIGHTS after RIGHTS to boost their cash flow. To top it up, when they announced widening loss from UK operation and MBS is cutting into their shares of the pie, all hell break lose. If Mr Lim can reassure investors that profits are in hand, and easily achievable and sustainable, (which I think it gonna be- this May 13th) it should have no major obstacles for Genting SP to reach the blue chip status in few years time.  Ha ha just my wish n hope on this counter. Wish me luck (Need some winning from this counter to beat inflation  :p)

 

Tat's very fair game, 50/50 hahaha

yummygd      ( Date: 07-May-2010 14:19) Posted: damn my kids play rouelet on tv!!!They r only 4 n 6!!!oh no!!!

 

Master Tan you have a good nose for uncertainty in the air...That Nasdaq "glitch" was really a glitch, right?

AnthonyTan      ( Date: 07-May-2010 13:34) Posted: My view point.I will not take the risk to go in this morning. I will give it amiss knowing tat the Dow is down 348 pts. You oreli know that the Dow is down. Anyway, hope for the best. Laulan      ( Date: 07-May-2010 13:01) Posted: This morning itchy hands went in to buy 93.5 cents.  I bought 10 lots. Wish me luck.  );- Is it too dangerous to go in today when people are in a state of shock?  My thinking is tonight wall street will move up, but if it doesn't then I think stock market may become a dead place to put my money in, right?  I am learning, so please give good advice

 

damn my kids play rouelet on tv!!!They r only 4 n 6!!!oh no!!!

 

haha....that what I think too!!!!.....That what make the Stock very interesting

WLBO_BB      ( Date: 07-May-2010 14:00) Posted: that's how the market can move mah... everyone sell who buy??? tanweechong      ( Date: 07-May-2010 13:56) Posted: talk & sing song FOC what!!!!!..... the more it down, the more I long.....