Genting HK US$

pharoah,

can u share the latest chart, thanks !

pharoah88      ( Date: 16-Nov-2010 17:48) Posted: Tuesday:  16 11 2010  CLOSING FA  O.K.    [TA  50/50  ?] 2-mOnth  CHART    >

for  trading

Daily  Gap  of  USD0.005  to  USD0.030

provides  good  profit  too.

even  daily  USD0.005  profit  is  quite  nice.

MAS widens S$ band: Source

SINGAPORE

This compares with the 2 to 2.5 per cent range that the MAS had allowed before targeting a stronger Singapore dollar in a monetary tightening policy on Oct 14, the source told

“The new bandwidth means the MAS will tolerate a stronger local dollar,” the person said.

####    strOng  S$  wIll  attract  hOt  mOney  intO  sIngapOre  Investments  leadIng  tO  hIgh  dOmestIc  InflatIOn    ####

The source, who declined to be named, did not specify how far the MAS would now allow the US dollar to fall before intervening to curb the Singapore dollar’s strength.

The MAS uses the exchange rate, rather than interest rates, as its main monetary policy tool because foreign trade dwarfs the island’s small domestic economy.

In last month’s semi-annual policy review, the central bank said it was “slightly” widening the band and steepening its slope against a trade-weighted basket of currencies.

The central bank cited “volatility across international financial markets” as a reason for the policy change, which allows the local dollar to strengthen more against the US currency.

The MAS had tightened its policy at its previous meeting in April, when it targeted a “modest and gradual appreciation” for the currency, changing its previous policy of zero appreciation.

The US dollar has been sliding against Asian currencies this year as the region’s strong economic recovery has attracted heavy investment and as loose US monetary policy has prompted investors to seek higher yields in emerging markets.

A number of Asian central banks, including the MAS, have intervened in the currency market this year but the US Federal Reserve’s decision this month to buy US$600 billion ($779 billion) in Treasuries to bolster the US economy has forced Asia to accept further US dollar weakness.

“The MAS believes interventions should only be used in highly disorderly movements,” the source said.

“Otherwise they don’t work because you can’t fight the market. Export-dependent Asian countries must learn to live with stronger currencies.” — The Monetary Authority of Singapore (MAS) will now allow the local currency to move as much as 3.5 per cent against an undisclosed basket of currencies after the central bank widened its trading band, a person familiar with the situation said yesterday.Dow Jones Newswires.DOW JONES

Move to mean that central bank will tolerate stronger local currency

8  weeks  is  very much  better  than  52  weeks  locked  in  the  banks  and  bonds  and  preference  shares.  

WHY  no  confidence  ?

WHEN  each and every of  its businesses

is  profitable and growing  significantly  ?  

Hi Pharoah 88,

You have so much confidence in this baby casino.  Hope all turns out well and soon. The run to 0.53 last week was after a waiting period of approx. 6-8weeks. !! 

Thanks.

Complete  TP  Road Map  posted  in September 2010

READ  this  thread  backward  for  the  FULL  STRATEGY

Whats the target price?  Thanks.

Based  on  the  results,  each  and  every  of   its  businesses

already  CHEONG.

SHARE  PRICE  wIll  be  Its

GRAND  FINALE

It  Is  nOt  abOUt  hOpe

bUt  jUst

WHEN  ?

kIng  lIm  wIll  decIde  ?

74%  majOrIty  Owner