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Stocks usually only drop slowly bit by bit per day...
Thus, because of this, people can hold and hold... 
As you can see on the trading screens....
We are 10 min. into trading, and the high is already
0.695, then
0.69 with selling pressure...
why not high 65 and low 60?
iPunter ( Date: 11-Jun-2009 07:39) Posted:
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Today's high may be 0.69/0.695...
Low can be 0.655... |
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Today's high may be 0.69/0.695...
Low can be 0.655...
This is not a penny stock, but a glamour stock...
In any case how can one call it a penny stock when the price is as high as .70c ? ...
may not be able to catch the bottom..so started to accumualte this penny stock bit by bit from today at 67cts.....
Player's usually don't hold position during shorting or buying, within the traded day. only to bring prices down or to generate volume, was just wondering why wait as prices may reverse several cent. as BBs is the real player deciding. they can also buy /sell in one lot by one lot.
tchoonw ( Date: 10-Jun-2009 09:22) Posted:
| shorted genting heavily at 69 today! wait to buy back below 60...:) |
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I think genting is going down and hovering around $0.62 - $0.65 a while and jump once they recieved the license. I will not buy genting now.
SINGAPORE IR is umpteen times more UNIQUE and SPECIAL than the NINGBO Raffles City (simply a commercial complex, if you have seen it in SHANGHAI).
With Holding Power, there is NO FEAR in your Genting Singapore SCRIPTS.
Check the transactions after lunch, more groups have jumped in to Pick UP Scripts with their IDLE CASH. As more JOIN IN TODAY and TOMORROW, by NEXT WEEK Genting will hit its NEXT HIGH at S$0.78. This is a RISE from 68 to 78.
Refer this morning's TODAY ONLINE, CDL restarts its IR Property Project. Genting Singapore is a Very Unique One of its OWN HUGE PROPERTY PROJECT in Singapore and in South East Asia. It is much better than Shangrila and even better than Resort World in Genting Highlands or Disneyland in Hong Kong or Lotte in Seoul.
Some group is cornering the shorters who sold Genting Singapore from S$0.725 over the past few days. Hold on to your scripts or pick up some scripts and HANG THEM HIGH for a good windfall when the MARGIN SALES turned into FORCED SALES are done.
Genting Singapore is NOT just a Casino.
Whenever you can see 68, just pick it up for a windfall.
From the transactions profile, someone is SELLing from 1 Million to 10 Million shares (each time) earlier at higher price and later TRY accumulating them back at lower prices. However, it is a High Capital (S$0.69) Low Margin (S$0.01) operation. At one cent difference, there is no REAL MEAT to chew. Someone else is also trying to squeeze off the margin so that the shorter cannot really make any good money. For one cent margin, those S$0.10 stocks are better choices.
Anyone any ideal when the casino license will be out?
Support Genting !!!!! Will hold whatever i have !!! I have faith in you !!!! Gogogo !!!
0.55 is not impossible...
but
0.60 is a safer bet if one is positive about this stock...
Today, it may retrace to
0.695 before going quickly down lower again...
PS> This is only a speculative view, you see...
AK opines that d last R issue px of 60cts is still d strong support line. If really that px breaks, free fall liao, till hitting yr low of 32 cts marked on STI yr low of 1456.95. If not mistaken then IPO was 35cts.
iPunter ( Date: 10-Jun-2009 11:39) Posted:
Technically, this stock is already koyak!...
And there no great fundamental story in the works...
So dumping would appear to be a more sensible rational course of action...
Perhaps buy @0.55 later would be better? ... |
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look at the buy up in the past few mins, like there's no tomorrow. They gonna start the reverse party now?
Technically, this stock is already koyak!...
And there no great fundamental story in the works...
So dumping would appear to be a more sensible rational course of action...
Perhaps buy @
0.55 later would be better? ...
hope is not 'buy' and 'dump' later!
wowhoo .. who just bought 1.5 Mil lots at 0.675?
