The analysts' upgrades today is so uncanny, an agenda to save their own skin? Okay anyway the FA is our gaming sector is a huge meat pie, makes gd investment for long time. Where else in a first world country can u find casino stocks at $1-2 sgd equivalent? Only in Singapore.

RSI 60 is not any indication to go long, today is not key reversal to trend upz. Everytime Gensp turns up it spikes sharply very fast, doesn't jus ding-dong btw 1-2 cents holding out. The downtrend and worst is not yet over imo but if the entry objective is just to contra play, glean a few cents here and there then pls do what u hav to do.

BullishTempo      ( Date: 12-Nov-2010 16:34) Posted: Genting Singapore’s target price raised to $2.65 by Credit Suisse Tags: Genting Singapore | Genting Singapore Plc WRITTEN BY THE EDGE    FRIDAY, 12 NOVEMBER 2010 16:18 Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Credit Suisse raises Genting Singapore (G13.SG) target to $2.65 vs $1.68, implying 16% potential upside, keeps Outperform, according to Dow Jones. Credit Suisse says company’s 3Q10 on-quarter drop in revenue, earnings following record 2Q10 (boosted by favourable luck) was no surprise, with Sentosa revenue down 15% on-quarter, EBITDA down to $347 million vs 2Q’s $503 million.  Lowers FY10 net profit by 52% to reflect translation loss of $339 million on U.K. disposal but raises FY11-FY12 net profit by 32%-37% “as we believe strong tourist arrivals, a robust economy, active property market and rising stock market will likely translate into stronger casino revenues.” Adds, company provides high beta, liquid exposure to Singapore tourism, potential catalysts include seasonally strong results for next two quarters, potential licensing of junkets in 2011. Says alternatively, parent Genting (3182.KU) provides cheaper exposure to Genting Singapore. Shares off 7.0% at $2.12.

You are so 'gan jiong' (anxious) to make money...

    To play the market,

         you must not think of making money as a top priority...

              The top priority is not to lose your money...

                  that should be your ultimate goal...

Parabolic Sar maintains a buy trend on Genting SP. You are right about the flag formation at 2.44 of genting didn't see that and thanks for that observation..

However RSI and stochastics indicates a huge overbought previously and is in a midst of consolidation and selling off (see RSI and stochastics K%) large sell down yesterday and today.. not unusal because of G-20 G-7 as well as the euro/ usa problem .. however, on hindsight including some FA of the world, Spain and Portgual got rating cut.. euro going down even more.. usa money going up ... as u all know.. usa money very linked to their shares.. when usa $ like hit.. pple buy gold.. buy equities buy this buy that.. but when it goes up .. then pple rather put in safely locked away. These issues combine with the fact of the consolidation may lead to problems in the near future.. i have gotta see the candle stick chart today as well as the updates of all major details and analysis before i can formulate a solid hypothesis base on facts and not my own opinion. 

But if you want my pure opinion, i think be500 and sx5e wouldn't climb today.. Nikkei and china and hk down by a HUGE percentage.. 1.39, 6.21 and 1.93 ... All market consolidating + worried .. leading to not a good next week... futures also down ....

Besides, you all know the story of how december, jan and feb to the next fiscal year is always a sell down period right .... simply because of these reasons.

1). lets say you are a major investor working in a BB ... your portfoilo shows a 20% increase and it's pegged to your bonus.. but if you threw away stocks that were laggards or lesser growing.. your portfoilo would show 30-35% increase.. would you not sell these shares now to show a good performance get your bonus.. and buy them back the next year? 

 2). Major dividend payouts and holiday season.. do play a part too..  certain industries are affected by the holiday season i.e. Airlines and transport etc. you would buy them .. but you lack the capital to buy them .. what would you do? Sell those that you have already made money in... bar those giving out dividends... and invest in these seasonal industries right?

Base on these 2 intuitive gut feeling of what i would do if i were a Full time hedger or trader.. i would invest in genting .. because holiday season.. so i think next 1 or 2 week problem problem.. buy by december.. genting will get back right on track and do even better.. Just my own 2 cents opinion that is not base on facts or solid reasoning. It;'s only logical reasoning ot invest in genting during this period.. however, all other industries.. i'm not too sure.. so ya.. there you have it.

Oh p.s ya about 60% region which is not oversold.. did u see ytd's charts? dropping so steeply towards 30% :S hahahaha meaning oversold soon.... and you say not oversold right.. you are right.. but did u realize before this.. it was over bought at above 70%? what goes up must come down.. so theortically the RSI is right.. was overbought at 70% coming down towards the 30% .. and then buy back up again.. and that's why i say by decemeber should be corrected.

Tags: Genting Singapore | Genting Singapore Plc

WRITTEN BY THE EDGE

FRIDAY, 12 NOVEMBER 2010 16:18

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Credit Suisse raises Genting Singapore (G13.SG) target to $2.65 vs $1.68, implying 16% potential upside, keeps Outperform, according to Dow Jones. Credit Suisse says company’s 3Q10 on-quarter drop in revenue, earnings following record 2Q10 (boosted by favourable luck) was no surprise, with Sentosa revenue down 15% on-quarter, EBITDA down to $347 million vs 2Q’s $503 million.  Lowers FY10 net profit by 52% to reflect translation loss of $339 million on U.K. disposal but raises FY11-FY12 net profit by 32%-37% “as we believe strong tourist arrivals, a robust economy, active property market and rising stock market will likely translate into stronger casino revenues.” Adds, company provides high beta, liquid exposure to Singapore tourism, potential catalysts include seasonally strong results for next two quarters, potential licensing of junkets in 2011. Says alternatively, parent Genting (3182.KU) provides cheaper exposure to Genting Singapore. Shares off 7.0% at $2.12.

Hahaha...

     so cute...

         you mean market depth?... 

whoa really when bulldozer comes, folks got nowhere to run. STI 3250 better steady. 

Gold spot down 2% this afternoon, silver is a higher leverage cousin.

Tks for sharing on TA. You are right that one should wait for confirmation before buying. Write this down and stick in front of my computer to remind myself. 

Just like to seek your opinion on Genting TA

from the chart,  I see 2.12 as a key resistance turn support. I think it is safe to buy some if today close above 2.12, ie this bull run from 1.86 is not over till the it hits the TP of 2.44 from breakout of flag formation.

RSI is around 60% ,  which is not at oversold region.

Tks in advance.