
but if u short, u have to cover within the day which is very risky.
In most market when it reaches the bottom, it will spring up.  However, whenever there is a drop in sgx market, the prices seldom spring up.  It moves like a tortoise in this case.  So when selling is due, sell and never buy until the price hits rock rock bottom.  Always short, that's what I do, and am still short in many counters, mid caps, blue chips and penny stocks.  The BBs helped me by their pushing down stocks.
Yup, sounds like good advice. Wait for bottom and buy-in again.
oldflyingfox ( Date: 11-May-2012 09:18) Posted:
|
My expectation will be 1 billion profit for a year so I will sell in short term and buy in a longer term after the price complete the correction.
With 0.01 dividend collected, many just gave up hope again after knowing profit dropped by 30%. Good Luck.  

Hawkeye ( Date: 11-May-2012 09:04) Posted:
|
Investor dont think its good. Gap down 1.630 at open.
chococoffee ( Date: 11-May-2012 00:07) Posted:
|
Bro genting 1st q profit S$200m, if dont compare with Sand, is still good right?  ie 1 yr profit will be abt $800m..? Thanks
oldflyingfox ( Date: 10-May-2012 22:57) Posted:
|
Why all so pessimistic?? Relax..... Genting will still go to $2 as usual.... lol
One thing to note is that in 2011 q1, Genting started IR ahead of Sands and therefore last year 1Q is much better. Anyway, result is below expectation, we will see selling down tomorrow.
But what if the lowest happened in the opening and reover some losses toward the end of the day? Shorting will also be killed together in this way.
Hope you are right!
Tomorrow is investors judgement day whether they expect it better or worst.
francesco2222 ( Date: 10-May-2012 22:15) Posted:
|
nop wide consensus was 375 but consensus from top forecasters was 350.  From bbg terminal. But can be found on google too. 
So 376 is not bad.
Where did you get that consensus?
Expectations are EBITDA for genting is always above S$400 million.
francesco2222 ( Date: 10-May-2012 19:53) Posted:
|
Tomorrow another shorting candidate ???  

teeth53 ( Date: 10-May-2012 19:45) Posted:
|
Not bad. EBITDA = 374M SGD, higher than consensus of 350M. Depreciations are higher that's good less taxes to pay.
But management says they are cautious for 2012 so it should be flat tomorrow. Unless US markets fall again tonight because of Greece...
  Genting SP Last:1.67 Vol:25604k

http://sg.finance.yahoo.com/news/genting-singapore-posts-33-pct-102309306.html
Thursday - Genting Singapore PLC, which owns one of S'pore's two multibillion-dollar casino complexes, posted a 33% fall in 1st quarter net profit, due to lower gaming revenues. The S'pore unit of Msia's Genting Bhd  earned S$205.5 million ($163.9 million) i n the January-March period, down from S$ 305.4 million a year earlier.
Hawkeye ( Date: 10-May-2012 14:53) Posted:
|
he he lolz
Isolator ( Date: 10-May-2012 15:55) Posted:
|
Gone case results... TP revised...
$1.28 ? LOL 
Net profit for the financial period
211,492                305,444      (31)
211,492                305,444      (31)
Genting is heavily manipulated like Wilmar. Even if result is good, it can still gapped down tomorrow.
oldflyingfox ( Date: 10-May-2012 16:22) Posted:
|
tonite result shall determine up or down...