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@Tempura Fish, our prediction sure materialised unless LKT want to start pushing from 4.10 onwards, then we will give up hope already, and let it move next price levels. That's fine, let other ppl clapping all the way.
@Vin Cullen, it's normal during this level coz it attract all walks of life. Once it breaches 6 onwards, then all those retailers will leave automatically.
@Tempura Fish, should be between 3.50+ hovering a while, then next level 3.90. That's it. After that, we will be in the same yacht with the rest. hahaha
@teikchye Hehe..but what I knew.. When everyone feel the prices attractive..the price will fall more..
And the price only will rebound when the FEAR appears..
@Vin Cullen, u need to be smarter than everyone else sometimes. On Dec 6, when they published "Change of Fortune", I knew bad sentiments will come in. That's means, is opposite. Those crocs are selling.
@tempura yeah.. Sold last month..
Will collect again once the price deeper abit. :-)
@teikchye yeah. Now need to wait a little more or else aim for other counter.. Since gent got huge impact hit by covid 19..
You geng o Uncle Kee.. based on Dec 6 news already know big croc are selling.. means that you also known of MCO annoucement and political change as these are the 2 majors effects that bring down the market. Can known everything before happen o.. geng
My angpow duit is not from the stock Ah Soon Tan.. so no need drop it.. just wait lower to collect more.. the Genting and GenM investors will have more angpao money next year... buy and see what is the price the same time next year Jan 2022
Speculation never right and never wrong. The truth is there will not be any panic selling for Genting stock until it drop to bottom line RM3.0 like last March and last October. Anyway, there is still possibility it will drop below RM4. All depends on each individual intrinsic value for the stock, buy when undervalue ,hold or sold when overvalue. For me, my intrinsic value for Genting is RM4.20. Good luck and all the best everyone. The chance to grab cheap Genting tickets not always there.
A lot might missed this time low price as they think still can go lower like RM3.50 or RM3 which history repeat himself and once rebound then gone the opportunity and if price went up again this round they will think reach high again at RM4.90 and sell.. 3 times you call and wolves really comes.. Genting will not forever trade in this range, share price always move up or down before any announcement or news and it may go vice versa when everybody think on one direction. RM3.80 to RM3.90 is fair
It is not like Mar 2020 where pandemic start we don't know when would have vaccine. We are only a month from vaccine, 5 months to opening of Genting Theme Park and Las Vegas.. the different in March 2020 is all casino of Genting closed worldwide and this round is only Malaysia even if any. Singapore, US and UK are in recovery. CPO price is above 3,800 a tonne means Genting Plantation will do even better than last quarters
@Kyory Lau, to be frank, I'm not sure who you're working with but for sure it will go below 4 next week. That's our prediction. The rest, we will leave it to individual investors to decide, and what price to enter. Nobody might know when it is the lowest. Only croc will know.
We cannot know when a stock up or down. Long term u have no need worry about that. Short term trader can buy when only show uptrend and sell when show down trend. Of course not sell like previously 4.10. Only sell when it's break the 4.75 strong resistance.
Below RM4 yes maybe that's why I said RM3.80 to RM3.90 fair.. indeed those really text me personally on my Instagram definitely have knew I have sold off my RM4.30 bought at high price before this but I am still holding those stock bought below RM4.
There is possibility intraday the price will go below RM4.00 on Monday. But, if announcements is not total lockdown, I believe no panic selling to be below RM4.00 at Monday closing. If lockdown, some retailer might shift their fund temporary from recovery stock to glove stock again. This is my personal opinion.
There are some illogical and market overact as usual that's where we got opportunity like what suggested by George Soros Reflecivity Theory.. but on paper wise we also need to know how much fundamental on the company itself on financial implication should the lock down is a month.. then only we will know whether the price have drop significant enough or market have over react to the news..
