Thursday, February 18, 2010

Genting shares

WTF....really!!! this stupid counter went into a "free fall" since last week and it's getting worst with huge volume too.

From the volume....it is those "big boys" doing. And I got "stopped out" this afternoon at 97cents. I adjusted down but still kena stopped out. Well....should have just let it kena stopped out at $1.04. That was the trough for the counter.

The whole market does not look "good"...even with the Dow finishing higher last night. Just think....if the Dow will to go "South" again, the market here and HK will be back to the "lau sai" stage again.

Best....to keep clear of the market for those who hasn't vested any money yet. Stay clear and watch until near to the Budget day for here.
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4 comments:

wINtoTo N aLSo 4D...yEAh! said...

more "lau sai" days ahead

4:45 AM
Anonymous said...

yes....this is a bad counter for me.

9:11 AM
wINtoTo N aLSo 4D...yEAh! said...

Just read about why the Genting drops that much. It's due to the bond conversion issue.
Those who had the bond will change for shares at just 95 cents......
so they sold at any price above that lor.

1:10 PM
Anonymous said...

Today....then come their annual report. Loss of 200+ mil, no wonder the share price dropped like no tomorrow lor.

6:25 AM

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.