Tomorrow no action liao la.

Genting will still rally up testing $1.4 - $1.6 range. No doubt when opening tomorrow "Contra players / Weak holders / Shorters" Will start shorting it down or selling down. Do you think BB that holding Genting will let it people dump this baby ?

Buyer = HUAT 8888

Shorters/ Sellers = AiWan la

Let me ask you a question do you think at this current price Genting rights is attractive enough for people to buy ? Rights at $0.80 a whooping $0.39 discount from $1.19. People will be chasing after the rights because of this upbeat economy. 

TP will still within the range of: $1.4 - $1.6

HOLD/BUY = It will be pay off well

There is a meaning for each queue. Depending on what the Controlling BB want to do.

Anyway Genting Die die has to rise $1.24 & hold its position.

Relax :)

2 months ago Abterra has no mines. Due to the legislation in china, the smaller mine will not allow to be operate. Therefore it give Abterra opportunity to buy these mines. Strait Asia is pretty established. If Strait Asia is given a rating of 8/10. Abterra is somewhere 2/10. 

Abterra has a chance to grow and established as China now tighten imports of Iron Ore from overseas. However Iron Ore market in China is pretty much over supplied at the moment with loads of Iron Ore sitting at the dock. Further worsen the outlook is the local competitive level is extremely high with new deposit being discovered not to forget they recently open up more mines in the inner Mongolia region.

There are many challenges Abterra have to overcome at this moment. Its either small and die off or Big and win for Abterra, they have to be big "which is what they are doing now". Buying up Mines/Mine Operations and massaging relationship with the Top officials in China so they can get funds, approval of acquisition, license and many more.

Therefore, If they make it you can make at least 20-40 times as of current value, but you could lose everything if they fail.

erictkw      ( Date: 08-Sep-2009 21:51) Posted: Is current Abttera comparable with Straits Asia in terms of business nature??? Hope to hear some comments from someone who knows both these counters.

Too controlled stock by a big BB. Yesterday "Someone" Eat up few hundred lots and put 1200 Lots then BB throw 500 lots down. The "someone" then withdraw the 700 lots.  Today the BB put 2400 lots as a road block and to finish the 2400 lots you need 2 million leh. then another 1-3 million to support the price and without buyers for BB to offload ... lol cannot la from what i see very hard "tough". The controlling BB has a lot of shares on his hands to play.

Unless a Stronger BB decided to enter this game. However most strong BB are playing Genting lol. What this BB is doing its typical 斗轉星移。

So you have to pray that this BB wanted to sell high :)

A good game :) Well done