2010  WEALTH  vIstas

1st  GENTING  SP

2nd  GENTING  HK

pharoah88      ( Date: 21-Sep-2010 14:42) Posted:

INSIDERS' SECRET NEWS :-  Heard from the Elite Traders' Circle that the BIG BOSS of SHENG SIONG , supermarket chain owner Mr. Lim , BOUGHT MASSIVE LOT on this Counter GENTING HK $USD , yesterday MON morning when the price peak during lunch , he is HOLDING Long term  for capital appreciation .

Indeed he is one of those value investor who had foresight and intelligence ! Incase you guys do not know about him, He is known to be a prudent businessman with reliable powerful networks .

 STRONG POSITIVE TREND PERSISTS and VIVIDLY SHOWS A " BUY FAST " SIGNAL After compiling all the different sets of charts .

GENTING HK USD$  - PRICE WILL SHOOT to Usd$0.625 to Usd$ 0.765  Within these days to COME !!

BUY  NOW !! and GET READY to SEE IT'S PRICE SHOOTING UP LIKE NO TOMORROW !!

so what are you trying to prove here ?  by saying you are prepared to go in again at some other point you are indirectly telling people to load ? and yet you said you are neutral on this stock ?? Aren't you contradicting yourself ? What is your hidden agenda ?

Do not play mind games in here by playing with sweet words  , just be honest and tell others you did not do your due diligence on this counter rather than blah blah here and blah blah there?

 if you do not know how to chart or read reports or lazy to do them all do not assume this stock is being speculativley driven , i know what you are thinking you are still a amateur to me .

I'm sure everyone here does their own research, and i'm just expressing what he asked. I'm not saying Genting is a bad company, I'm not here to give my BUY or SELL calls. I'm neutral on this stock, and as i mentioned, i am prepared to go in again at some other point.

Saying Genting is not speculative is a sweeping statement. Every stock is speculative, the market is speculative. Just thinking if it will go up or down a single cent is speculative, isn't that what the market is built on?

The calls made on Genting have been adjusted more than 70 times by the funds and houses, which explains what? They are also not sure which way this stock is headed. Who can seriously say that the rise isn't pushed up by punters rushing in and hoping to make a quick buck? It's on the net, in the papers, everyone wants a piece of the action. As i said, the rise is not SOLELY based on fundamentals, it's also the effect of frenzied buying by people who want to make a quick buck. Just ask any analyst or broker, if they think that Gentings recent rise wasn't propelled by some crazy buying.

Anyway, as the saying goes, we choose to hear what we want to hear.

All i'm saying is, just trade with some caution, you can never be too careful. 

Good Quote.

 I'm sure most would agree, the rise in prices for both the Genting stocks are driven up not solely based on fundamentals. It's rising because of greed, and the desire to want it to go higher, or in other words, HOPING it would go higher. Potential is a great thing, but is also a dangerous thing, it means it's not realized yet, and whether it will reach it's full potential, is anyone's guess.

These 2 stocks at the moment, are propelled solely on Greed. Genting HK is actually just riding on the coattails of Genting SP. Many entered Genting HK, simply, well, because it's more affordable. 

Will the stocks still be pushed up? Possibly. If people just keep buying, the price will still continue to rise, but it could also easily go the other way if the funds initiate a selldown.

But from what i see from market depth. The sell queues are getting bigger, more selling than buying, and that is worrying,  the sell queues at 54c, 54.5c, all above 12k lots, and at 55c, 19k lots waiting to sell. Whether the sell queues are real, nobody knows till you reach it. But either way, when i see sell queues bigger than the buying queues, i don't stick around to find out. If it clears 55c convincingly, i may consider entering again, but till then, i'm out.