Genting HK USD   

Starcruise - prospect of trend reversal

Blessed are the BBs , syndicates and FMs who see the near term prospects of SC.  The US1billion investor must have a lot of foresight to invest in SC. They could be in the market moping up more SC shares on possibility of a fourth investor buying up SC shares, as NCL shd become profitable.     Any take from other SJ participants on this possibility?

 

Suppose returning to the 40 cts could be quick and swift ?

 

BBs seems determine ?

 

 

 

Road to recovery begins .....

 

So bottom .....

 

Another strong multi-bid mover .....

 

this ship will bring tourist to sentosa IR.

 

  Blessed are the BBs and syndicates of SC who are intelligent - why must they drag down their own shares, and allow the short sellers to make $$$ by causing panic selling. After all, SC is NOW different - it received a cash payout from divesting its shares in the IR, and cash injections from three new cash rich investors.   Why must SC continue to be a  speculative share when it is likely to become  profitable the next few quarters onwards with its new investments and the expertise of new investors? The US$1 billion  investor isn't throwing money away by investing in NCL,  isn't it?  It is noteworthy  that  OCBC  Securities releases the report so  as not to cause panic selling of a potentially good share.   Three cheers to OCBC and those who remain calm and  continue to invest in SC!!!

 

Star Cruises Ltd
SINGAPORE Charted Territory
Ritesh Menon
(65) 6531 9807
e-mail: ritesh@ocbc-research.com
30 August 2007
Reversal ahead
- Star Cruises has pulled back sharply since peaking at US$0.605 in mid-
July.
- The sell-off broke through supports provided by the 50 and 100-day moving
averages before coming to a halt at the 200-day moving average, which it
tested but managed to close above yesterday.
- The price decline has made on the back of declining volume, indicating
the downtrend is weakening. The price action also resulted in the formation
of a reversal candlestick pattern yesterday.
- With both the RSI and stochastic indicators already submerged in the
oversold regions, we can thus expect a rebound over the coming weeks.
- Support pegged around US$031 - 0.34, which is within the region of the
up-trend line, and resistance at US$0.43 - 0.47

Above report by OCBC Securities -  time for it to test new peak prices?  With three new investors, especially the most recent US$1 billion, SC should see better days ahead. Why must its price be bashed down when it will not be affected by any subprime woes? 

 

star cruise & genting move up at the same time and volume is increasing, something is brewing?

 

Hi cyjjerry85

Tks for the positive reading.   Any other TA specialist who concurs with his reading?  Ruanlai feels that it will downtrend. It seems to be correcting for a rebound?  

 

Hi ruanlai

The short sellers are welcome .  The BBs will hopefully giving them a rousing send-off whenever it happens.

 

With the thin volumes, hard to push up the price.....

Chances of price move back to 34cents is high........

SHORT NOW!!!!

 

technically still uptrending...but not very strong...gotta break out at $0.485 for confirmation

 

Hey any TA specialist.  Uptrend seems to be forming? Fundamentally,shd improve in the near term?  Time for re-rating and shading its speculative image?

 

SC appears to be on a slow uptrend reversal. Short sellers testing the peak price? Blessed the BBs for defending their interest against the "sell down".

 

today is short seller's day.  Hope that Star cruise will withstand the thunderstorm this week.

 

anyone can comment on the chart today?

a doji is formed? accum/distribution chart is down, sign of a revereal for next week?

 

 

Is SC really hiving off its NCL acquisition.  Pray  SC's cruise to the North pole will not be shipwrecked  so that it can only be  realised in five years' time .  God bless the BBs and investors for their confidence in SC.

 

Hope SC really sells the NCL acquired in 2000  for a cash profit.  It will easily return to profitability without  the NCL acquistion. 

 

15:02:23	0.470	51,000	Sell Down
15:02:17	0.470	2,000,000	Sell Down
15:01:48	0.470	264,000	Buy Up
15:01:41	0.470	2,500,000	Buy Up

 

Dear Tyh1972,

Thanks be to God and Star Cruises performance and you too!!!

 

May God bless the BBs for giving the short sellers a rousing send-off today.  Grab from the sell queue @ close. Fake sell queue of 4428 lots just disappeared (to attract short sellers?) after purchase @ 44cts.