[Wednesday, October 21, 2009
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Today is the first day for the right share to flood the market. In fact, this counter has been on downtrend/consolidation mode in participation of the listing of these new share.
I would comment that Genting absorb pretty well the selling pressure, especially the general macro market sentiment is so so, if not bad.
As long as Genting hitting $1.14, that would means that Genting has breakout of downtrend and the reversal shall be the next move.
This is a counter worth waiting for. Expecting more news from Sentosa appear on newspaper, which is good to generate feel good sentiment.
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[Wednesday, October 14, 2009
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I believe $4.50 is ultimate target for this uptrend. The task is a bit tough and take sometime, but that shall be the eventual outcome before reality set in again.
The major uptrend line likely turn around become resistance now.
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[Wednesday, October 14, 2009
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Good show is coming for Genting shareholders before the opening of casino.
Likely going to distribute free $100 bucks entry ticket to everyone do have faith :-)
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[Tuesday, October 13, 2009
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Low profile gem (not germ for sure!).
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[Sunday, October 11, 2009
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The price movement has breakout of short term down trend last week but the next resistance is very close, $0.37. This resistance has the backing of the huge plunge created on 13 August 2009. In view of the basic of the 'love of dividend' is affected, I don't think this will be fully reversed.
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[Saturday, October 10, 2009
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I think the market player playing this stock with ruler on hand. Take note of two pairs of top now.
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[Saturday, October 10, 2009
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Based on the daily chart, $0.63 is the neckline and if the price hover around that for too long to form the right shoulder, then a measured target to $0.47 shall be on the way.
However, since the rosy market prospect from bullish action originated from DJ, the formation is likely to be negated. The upside target shall challenge the recent top level.
The weekly chart seems to agree to the daily to reflect a potential reversal.
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[Saturday, October 10, 2009
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With the Dow Jones index breaking out of imminent down trend this week, we could reasonably expect that the basket of penny stocks in SGX market will turn into frantic mode again very very soon. Instead of selective breakout this week, the tide on next week probably will lift all boats.
Penny stocks are the darling of retailers but that will not set the sustainable up trend. Our focus shall be on those penny stocks with new injection of capital from investment fund. With those private investment fund which proclaim specialized in penny stocks, aka micro-cap companies, there are limited logical sense why they don’t know how to cook.
List of stocks with most recent injection of fund are
[Sunday, August 23, 2009
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We saved the world from disaster, Bernanke says
The global economy is now beginning to emerge from its worst crisis in generations, but the downturn might have been much worse if central banks hadn’t acted so forcefully last fall, Federal Reserve Chairman Ben Bernanke says.
Obviously, his statement shall read: We saved the world from disaster created by us.
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[Sunday, August 23, 2009
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Every weekday reading the Money section on Strait Times. I think it is hard for anyone to avoid stumble into Obituaries section.
I presume there is a hidden message: No matter make or lose in investing, we will be concluded at same point one day, sooner or later.
Enjoy investing!
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[Wednesday, June 10, 2009
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Very beautiful down trend in 4 days after a gap up and doji. For 10 June 2009, it will be very interesting to see if it can play between 1.59 and 1.49 range on 5th day. A break above 1.59 will signal a breakout of down trend and reversal. A breakout below 1.49 likely to send it to target of 1.38.
Since the right issue is 1.30, if NOL ever hit 1.38, I think the best thing the existing shareholder can do is to just hold tight with it. Someone will make sure the right is fully subscribed in order to prevent the big boy force to acquire too much share which may trigger general offer.
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[Sunday, June 07, 2009
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Since the breakout to upside, the price has whipsaw. However, the trend is always up despite present of white and black candles along the way. By the way, who will expect a one straight line type of price action?
Stay course, focus on the target.
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