Genting Sing    Last:0.725    -0.015

GenSp starts to move up again

 

Almost time to go in :)

 

real support will be @0.62 :) where i will go in too

 

support at 65cts at 60% low of highest ! :P

 

$0.62 - $0.65 range

 

well done genting! waiting for 60c to cover back. more force selling coming for this week and will see genting break below 60c!

 

wah bang.... who is support genting...... they sell till sweating liao still cant go down lol  very good defense at 0.655

 

look like small small lot selling at 655cts,,,,,,,,,,,dont look like bb run le,,,,,,,,,,,,,,,,,,wait for tomorow see can buy cheaper or not,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

 

ididnt buy yet,,,,,,,,,,,,,look like 655cts soon ,,,,,,<<<<<<<<

 

if drop to 57cts,,,,,,,,,,,,,im going to buy more

 

Genting is now going into correction phase , the down side target could be  57  to  59 cents which is the  62 %  retracement  zone .

 

This stock will stuck @0.62 - 0.65 for a while.

We all know singapore government eventually will no doubt give its license to genting. However there are 2 key questions we should ask ourselves.

1) When will genting get its license to operate in singapore?

2) When will genting open its IR?

Pretty much the answers are Q1 and Q2 are linked. 

Hint: Around august price Genting will start to trend upwards.  

 

Below 0.60 is a good bet...

 

i think in general many people are right that genting is a potential stock now. they will return to profitability soon. but the problem is when?

 

singapore will sure issue licence to genting but again does it help in genting's bottom line?

 

i think everyone should wait for lower prices then accumulate. In my opinion. below $0.60 is a good buy 

 

Actually this stock got potential, no worry. Use yr spare cash to buy so u can hold it longer.  It is a potential stock for FUTURE.

If its price drop somemore, i will get somemore.

 

Agree that a lot of people stuck at this share.Personally i still have confident on it. Lets see what surprise it will give us on this coming week..

 

look like all still no confident tis baby share price but confident the company going to opening soon,,,,so for those can chamsitong will benifit after tis uncertain share price,,,,,,,,,,as long company still go protential,,,,so dont worry the share price,,,,,just have to mornitor price only,for me anytime from monday can be buy ,may be price heading south but look at company big share holder with huge cash,they can buy when price contin down, second is placement buyer sure to do all their investment not gone case,sure jump in market to support,third after opening ceremony and grow sure attract more buyer to support the share price,,,,,,,,,,,,,,,,now just to chamsitong how low can go,,,,,,,,,,,,so for me is good deal,,,,,,,,,,,,,,,cheers,,,,,,,,,,im not vest yet

 

Personally i am invested in genting, again another small player in this big pond. but just some 2 cents worth. now news are going around that lim family invested in mgm which is not very positive thus short term 1-2 months. genting stocks will slide a little to maybe $0.60 or lower. Maybe can try to invest 10% of your portfolio in genting at $0.58.

Spore govt will sure issue licence to genting. just a matter of time. look at the construction in sentosa.huge project going on. it cannot fail. thus i am totally behind genting stocks. BB are dumping it with the thought of buying back cheaper.

 

6 mths target price: $0.80 

 

It is true that Genting broke the support line of 0.675 to the day's low of 0.66 on Friday. If it has stayed at 0.66 then a new support level would have been formed. But it rebound to 0.675 at the closing. This testifies the support at this level.  Moreover 0.675 is the 50-day Moving Average which is a strong indicator. Support lines are meant to be broken in weak market. Hope this clarifies.

iPunter      ( Date: 13-Jun-2009 11:18) Posted: How can u say 'supported @.675' when it has already broken down the support line and Friday's low was .66? Care to explain what u mean?...  jm2212      ( Date: 13-Jun-2009 07:44) Posted: why would genting want to take a negligible 3% stake in MGM Macau, this is too small, there should be a next step of action, also understand MGM is looking for partner to bid for the Taiwan IR project, there should be more news.....