Genting Sing    Last:0.725    -0.015

GenSp starts to move up again

I wonder if you have done your researched on genting if have questions about the numbers i post :)

Fishcake      ( Date: 12-Jun-2009 08:25) Posted: I disagree with your view : 1) if bank refused cos' the share price is <$1, it wasn't difficult for the Lim family to push it to $1m when it was above $0.9 2) Sgp authority approve Genting to build the casino, it will be a joke of the century if they don't allow Genting to operate a casino. 3) what is your proof on BB selldown and public disposal?? If there is a seller, there must be a buyer. So, who bought from BB? Another BB lah There are many people posting bullish or bearish view, just like the analyst. But at least analyst use numbers to justify their view. So, be responsible when posting your own "gut" feeling

 

I disagree with your view :

1) if bank refused cos' the share price is <$1, it wasn't difficult for the Lim family to push it to $1m when it was above $0.9

2) Sgp authority approve Genting to build the casino, it will be a joke of the century if they don't allow Genting to operate a casino.

3) what is your proof on BB selldown and public disposal?? If there is a seller, there must be a buyer. So, who bought from BB? Another BB lah

There are many people posting bullish or bearish view, just like the analyst. But at least analyst use numbers to justify their view. So, be responsible when posting your own "gut" feeling

 

Shall see Genting @ 0.65 - 0.66.

 

I heard Genting actually tried to acquire bank loans to invest MGM macau where part of it will be use as operating funds for singapore genting. Banks refused its application as 1 of the condition is Genting Share prices has to be $1.00

Therefore it throw 9% out in the open market.

We shall see Genting share prices continue to fall due to a couple of reasons.

1) License complication due to the new share holders. SG gov will start investigating and background check of the new share holders.

2) Huge operating loss for this coming quarter. 

3) During the public disposal of 850,000 lots. Most of the BB have switch mode to selling down Genting.

4) Public have lost confident about genting - Most people i know are asking the same questions in thier mind will they do another similar trick when prices when up $0.80-$0.90 Mentally like that will not make the share prices up. People i know are more willing to short rather than long.

Prices will be 0.62-0.65 range for a while.

This is just what i found out base on my research. Cheers.

  

 

 

STI will test 2400 on monday which may spell the end of sell down. let's watch it live on 15 june at 9.00am, don't blink your eyes.

 

And Genting has announced that they invested in Macau Casino. That will be a plus pt. Although initial u will see its stock price drop,

but normally we will see it jump upwards latter. So becareful shorters. 

 

 

those shorted remember & try to get out  fast. If tonite DJ up green, if you observe the movement for the past few days...  monday will be D day. 

 

Genting will reach 0.62-0.65 range. Safe to short more. Just shorted another few hundred

 

This one from 90+cent down to 68cent now people still 'ghar ghar' short. When its time to cover short....can't imagin.

 

Will short 2.

 

This is the one dragging down the sti again. Those who short are waiting to cover.

 

joining u too! :)

newtothis      ( Date: 11-Jun-2009 12:46) Posted: You will expect a huge loss on this Q2 report for Genting SP. Good luck. Will Short more in the afternoon

 

You will expect a huge loss on this Q2 report for Genting SP. Good luck. Will Short more in the afternoon

 

wow! people always want to short this counter. They deserve it or what?  LOL.   It boils down to people's confidence and the air (blow which direction)    of that trading day.

newtothis      ( Date: 11-Jun-2009 12:24) Posted: shorted 1000+ lots at 0.69 today

 

Wah! power, tks for d support, best of luck loh. Some sifus said, it will diarrhoea ds afternoon. Lets x d fingers liao. Cheers.

newtothis      ( Date: 11-Jun-2009 12:24) Posted: shorted 1000+ lots at 0.69 today

 

shorted 1000+ lots at 0.69 today

 

Right now at noon , the high is still @0.695 with selling pressure still existing...

Will probably do a 'lao-saai' in the afternoon... 

 

That's why the words 'may' and 'can' are used, and not 'will' ...

But whenever one is proven wrong by the market, then one must very quickly dump...

and not wait to long... hehehe...

 

Are you GOD? no body can predict the movement of the price. Anything can happen.

Market have gone crazy going up and down.

iPunter      ( Date: 11-Jun-2009 07:39) Posted: Today's high may be 0.69/0.695... Low can be 0.655...

 

I've already shorted @0.71 a few days back when it pulled back to hit the support...

 

so u dare to short now?

iPunter      ( Date: 11-Jun-2009 09:12) Posted: Stocks usually only drop slowly bit by bit per day... Thus, because of this, people can hold and hold...