Yesterday US market faces stormy weather and finally heavy rain caused Dow Jones, S&P and Nasdaq to close lower by around 1% each. Another reliable news on Genting: QUOTE --- Nomura Holdings Inc coverage of Genting with a reduce rating and a target price of only 0.77 cents. After a 200% rise over the past year, we see significant downside risk for Genting as expections are becoming unrealistic, \" Wai Kee Choong, an analyst at Nomura says. Genting Singapore says it will ask the holders of its outstanding CB amounting to $321.1 million to convert the bonds into shares at 95 cents each by Feb 9 ie TODAY.
UNQUOTE ---- All those who short Genting yesterday can continue to short until the price is around 1.00. Take your profit and enjoy some good ang pow for CNY. For those who did not get out of position may try their luck at the casino when it open for the new year. [img] :laugh:
Everyone posts what they think and feel. Its up to others to decide if they want to act on it. This is basic understanding when one reads up any forum.
In actual fact, I make some money by shorting it at 1.09 and sold at 1.06. I will short again if the price goes to 1.09 to 1.10 again. All my post are for your reading and for your decision. If you are not happy with my posting, you can simply ignore my posting and read others. Just like all my posting says: I post you decide.
Wow my post got edited even in the absence of profanity? Seems that views which \"does not promote\" harmony will get edited at will. Having said that, it seems to be double standard that the earlier post that I was responding to doesn\'t get interpreted in the same manner. Both are at best, representations of personal opinions and views.
Look at the today closing price of Genting. It speaks for itself. If Genting is so good, it will rally towards 1.25. I am still holding some short position at 1.09. Trend is your friend and don\'t go against it.
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