Genting Sing    Last:0.74   -

outlook

now only .65...can go up to .7 meh?hopefully can get rid of the rights i bought at high price....

 

BBs are in now to push up the prices......today will push up at least to 70 cents......

Institutional buyers will then willing to buy their rights at 60cents........looking at this price is still attractive.......Buy before becoming history.....

CHEERS !

 

 

looking at the past trading volume, I think many bb got stuck at 0.88, yesterday they manage to accumulate the right at 0.005 or 0.01 and convert their right. then they have to push the mothershare price higher to either breakeven or make money. one thing BB are concern is big casino operators or glc coming in to have a share of our IR. if they dun buy now, it too late for them.

 

1,120 at 0.645

 

I think maybe big casino operator coming in or glc.

 

bb coming in , cheong ahhhhhhhhhhhhhhhhhhhhhhhhhhh

 

tiandi: Thanks for the advice. it's help!

 

I think bb will accummulate today, whose know big casino operator may come in and invest in gentng because this is only time the share is very cheap to invest.

 

right issue stop trading end of today, mothershare continue trading tommorrow. The conversion of right issue to mothershare take a few days. The mothershare will be active within the days day, I think someone will push it up so to make the convesion of right to mothersahre very attractive. I think this is the game the bb will play if not they loss big time. Only if usa market collapse, then someone will push down the mothershare.

 

Logically, if the new 3.8b new shares are subscribe @ 60cts, then the base for Gentings share price should be pegged at 60cts unless some invisible hand wants it to go down below this price. Who would want to sell below the price that they have just paid for. For those who are holding the mother share, I think they are still praying for a rebound. As for the second batch of convertible bonds @$1.23, Genting have yet to announce their converted price.

 

Someone bought 2100,000 shares @ 63cts, which is $1.323m & 2000,000, which is $1.26m.Who can it be accept some powerful force in the doing.

 

Someone bought 2100,000 shares @ 63cts, which is $1.23m & 2000,000, which is $1.26m.Who can it be accept some powerful force in the doing.

 

Some big player had already sold his shares to you at high price before the rights issue even made known so that he can collect it back at low price during this downturn & this guy is a very experience player who can move the price easily.

Watch for the turnaround once he had achieve his target but for the time being take care as the market will be flush with Genting shares after the rights have been subscribe.

 

If I am correct in my analogy, I think someone is accummulating the mothershare waiting for it to go up.

 

I think the BB will do the magic trick, push up mothershare on friday onward to encourage the right issue holder to convert their right issue on hand to mothershare. If they do not push up the mothershare price on friday onward, nobody will convert the right issue and genting will have problem in funding and if genting collapse, the bb will suffer in a big way.

 

After tommorrow 5pm, the right issue stop trading except for the mothershare. I think the mothershare will be push up to encourage the right holder to convert their right issue on hand.

 

i dun understand...for this counter why is there so many buying and selling at 0.05 and 0.1?tot ppl would wana sell at the highest possible price?y arent they selling at higher than 0.05 since ppl r buying at 0.1?

 

hahah I agree with nickyng for the first time ^^

 

well...remember the rule...ppl dump..we collect...ppl collect we dump...hee....see where is your stand point yet? hee...

 

Thanks EastonBay for ur advice.

rgds,
ttman