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Yes better quarterly earnings for Genting SP. Announcement on 11 Aug.
Dow Jones is up after drastic swings. Another catalyst for STI and Genting SP to return back to near 4-Aug prices at least.
http://sg.finance.yahoo.com/news/Dow-closes-higher-day-wild-afpsg-3204835667.html?x=0
High quarterly earning?Confirm?
gohcsn ( Date: 06-Aug-2011 08:50) Posted:
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still possible for a small sell off before a rebound.
Hopefully next week will see it rises back above $1.90..
Long term wise downtrend highly possible, short-term rebound usually kicks-in due to over-reaction of market. Yesterday's bloodbath is mainly due to long term investors pulling out due to global economic outlook, which cause panic selling in the market by small-time punters.
In any case, the debt problems in Europe and US are not going to be something to be resolved overnight, however, the world still very much depend on these economies, thus fundamentals wise, it is still fit for investing
lets see if it is overreacted with rebound ... or further downtrend soon.. :p
gohcsn ( Date: 06-Aug-2011 08:50) Posted:
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Genting SP to report high quarterly earnings in the next few days, time to pick up shares for short term rebound!
Market over-reacted yesterday. The news on global debt problems in US and Europe is not new, fundamentals of the economy in the short term is still there and sustaining well.
| Warrants Highlight |
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Desolator eh...execute the opposite of whatever u said already win eh...and I mean any counters u mentioned eh...kekeke...(," ) (" ,)
Isolator ( Date: 05-Aug-2011 10:14) Posted:
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| Technically: |
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Genting Singapore (GENS SP S$1.855 - BUY) - Prices have fallen to its long term bullish flag support. Noble Group (NOBL SP S$1.745 - SELL) - The break below this line was a bearish signal. China Aviation Oil (CAO SP S$1.20 - BUY) - The bulls broke above the moving averages. |
It can be fortunate that Genting did not break 1,755 today.... But it break my chart.... I have cut loss on 1.805... Already minimize my loss...
WTI crude oil futures for Sep delivery fell 5.8% to settle at $86.63/barrel for its lowest settlement level since 18 Feb. All gains for crude oil this year were wiped out as commodities experienced board sell-offs. Traders are now fearful that unless the economy shows some strong signs of getting better, there might be nothing to turn oil prices around. Brent crude futures for Sep delivery also fell 5.5% to US$107.25/barrel.
Even gold prices were not immune to the drop last night as Gold futures for Dec delivery shed 0.4%, to $1,659/ounce. Similarly, Silver for Sep delivery fell 5.6% to US$39.43/ounce for its biggest drop since May this year.
The investor “complacency” or “fear” index, VIX, spiked an incredible 35.42% to 31.66.
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US Markets
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Index Level
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Value Change
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% Change
|
Futures Value
|
Value Change
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% Change
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| Dow Jones |
11,383.70
|
-512.76
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-4.31%
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11,347.00
|
-24.00
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-0.21%
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| NASDAQ* |
2,556.39
|
-136.68
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-5.08%
|
2,206.00
|
-3.50
|
-0.16%
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| S& P 500 |
1,200.07
|
-60.27
|
-4.78%
|
1,195.80
|
-2.90
|
-0.24%
|
* refers to NASDAQ composite which consists of all stocks in NASDAQ. Futures value only for NASDAQ 100.
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EU Markets
|
Index Level
|
Value Change
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% Change
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| FTSE 100 | 5,393.14 |
-191.37
|
-3.43%
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| CAC | 3,320.35 |
-134.59
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-3.90%
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| DAX | 6,414.76 |
-225.83
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-3.40%
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US government
created innovative
dOwns & UPs
tO mAke A dIfference [MAD]
in bIllIOns ? ? ? ?
Isolator ( Date: 05-Aug-2011 09:21) Posted:
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US equities were hammered yesterday as investors appear to have finally given up on any chance for an improvement in prospects for a US and global economic recovery.
The markets corrected severely with the Dow experiencing its steepest percentage drop since Feb 2009.
All 30 components finished in negative territory with natural resources and energy companies the hardest hit.
Alcoa was the Dow’s worst performer with a loss of 9.3%, which was followed by Bank of America at 7.4% and Caterpillar at 7.0%.
Similarly, the S& P 500 had its worst percentage loss since Feb 2009 and all its ten sectors registered losses.
The energy and materials sectors were the worst performers with losses of 6.8% and 6.6% respectively.
Rounding off the major US indices, the NASDAQ Composite had its worst percentage loss since Jan 2009 as it fell 5.1%.
Decliners outnumbered advancers almost 20 to one on the NYSE where 1.8b shares exchanged hands.
90% of US citizens are STILL FULLY EMPLOYED.
Profitable US ENTITIES are STILL PROFITING.
Very impressive market play by the funds..... Can drop so much.... Anyway, it signal markets is in sell sentiments.....
You can bet your bottom two dollars that most chartists
(technical traders) will be selling on the rallies...
If Q2 result is bad, Q3 & Q4 results sure got improvement and its price will go up eventually. Many people like to gamble .......
Current strong support at $1.85.As long this line does not break ,Genting will have the chance to go higher.The Q2 result might be a surprise or might be a disappointment,either which the result will determine Genting share price for the next few months. After looking at Ezra and Cosco ordeal ,we will know what will happen to GenSp if the result turn out to be a disappointment.So ,on 12 of August is a judgement day for GenSp.
Isolator ( Date: 04-Aug-2011 17:08) Posted:
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Later my ding-dong ball knock your dullard head eh...kekeke...(," ) (" ,)
Isolator ( Date: 04-Aug-2011 17:08) Posted:
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You are right...
because in their minds, it will go to 2.30,
then to 3.00... and higher...
Isolator ( Date: 04-Aug-2011 17:08) Posted:
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