Last night Israel already said they will retaliate. This time round Iran is going is suffer heavy casualties. They dont have the American patriot air defence + IRON DOME air defence systems to intercept incoming missiles. Oil prices and gold could shoot higher.
during Iraq war.. Isr4el retaliate "through" US ler.. but different this time.. US don't have direct engagement with Iran..so they will attack Iran on their own. .. if US and UK also attack Iran ..than, embrace for the ww3.. Russia will join the forces because Iran is their only close reliable ally. Without Iran, RUSSIA may finished soon. CHINA and NK. prefer to be at the side line. INDIA is the one that cannot be trusted at all.. play both-sides, coz got lots of economic interest with the US/UK.
Please remember history lesson becareful of 5.20 zone LKT waiting to dump. Price action of afternoon session dont look good. --------
Red more likely means the whales sold off before LKT will start dumping.
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Read clearly. I said whales exited yesterday
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Traders left because the whales already left.
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Posted by Save > 3 weeks ago | Report Abuse
RM5 should not be a big resistance, 5.10-5.11 is. After 5.11 will be 5.40 based on TA as follows: (TA technical analysis-Genting Berhad need confirmed breakout above the RM5.10 recent high to extend recovery towards RM5.40, with next hurdles at the 123.6%FP (RM5.60) and 138.2%FP (RM5.95) ahead, while the rising 100-day ma (RM4.56) provide uptrend support. -------
Posted by Save > 3 weeks ago | Report Abuse Expect almost at bottom if <4.70.....
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No offense here. I understand we are all here to share knowledge. Price Action VS Indicators, which trading method is more effective?
I used indicators when I started trading. Nowadays I rarely use them.
Covid is already 4 years ago and all casinos fully reopened abt 3 years ago. More than enough time to recover back to pre-covid levels. This stock like maciam kena permanent covid virus. LKT ah LKT.... you better buck up!
Hoping Q1 2024 result no more impairment or one time write off. If without the above result should be very good compare to last quarter and last year. Then end of May 2024 can go back to RM5.
People just don’t get it! Genting share price has been underperforming since 2011 well before CV19! Why the underperformance? As i have highlighted, before there are many reasons. Poor governance generally, no change in CEO for last 20+ years despite poor performance. Highest remunerated CEO in Malaysia and other countries as well. Share dumping, in open market by key stakeholders, after dubious announcements, interested party related transactions where by poor performing investments held privately are sold to listed Genting entity, at inflated value, use of impairment charges to manipulate results as these charges often there is lot subjectivity, no promotion of company to generate interest via analysts meetings and holding capital markets day etc. Declaring high dividend when company cant afford it as owners needs cash to purchase other investments or to cover losses, eg like Genting Cruise. Only way price is going to rise any where near 8 RM is if TauRX becomes a reality! Otherwise Genting will continue to under perform even if sales and profits recover!
Genting Group wont be allowed to list in US market as it won’t meet the regulators reporting requirements, and if it did it is more likely to get fined. If it really wants to make Genting attractive then it should look to list in US!
Posted by neohts > | Report Abuse Just monitor TauRX progress. AngTayKor, please provide us once you received any update on TauRX. Very important. Do or die. -------------
@Neohts, no doubt Taurx is the only hope for this stock to cross above rm10. HMTM confirm can work very well safely but there is "active placebo issue" under double-blinded trial environment. Taurx's success depends on other factors like the corrupted FDA's approval, etc. We may be proven right eventually abt Taurx's true potential in future but an investor can still lose money buying this stock along the way (price dropping back to 4.50, 4.30, 4.00 etc during bad selldowns). Currently, there are many investors that dont believe in the real potential of Taurx and view Taurx as a very small catalyst only. The stock market is a weighing machine in short term with stock price moving up and down. The market is always right so dont try to fight against the market. -------------------------
Posted by lamkin > 2 hours ago | Report Abuse Let just forget about the Taurx nonsense. The share price will reflect it if it is so true.
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@neohts, what I said earlier corect boh? Most people think Taurx is rubbish. There is a reason why ATK kena "seller's remorse" then bought back those shares that I sold earlier. Im waiting for Q4 UAE CA followed by deals at sideline to be activated. Even then, I believe GenB's share price will hardly reflect it unless LKT decide to lock in the USD billions in profit and sell out his 21% Taurx stake. The SWF can easily absorb LKT's entire 21% stake and they will be very happy to do so.
@ATK Why would LKT sell if it's likely going to be the Golden Goose. Milk it for years to come la :p ------------
GenB currently sitting on over USD1B of unrealised profit on Taurx. After UAE CA when SWF deal's condition is met and activated, LKT can choose to sell his entire 21% stake for abt USD2B cash. Thats abt rm2.50/share of cash. But selling out early means lose future potential big upside. I think LKT probably wont sell any Taurx shares and will choose to hold his winning hand all the way to the end. For retail investor like me, I bet showhand until no money left. Hence, safer to sell a fraction first to take back all my vested capital after UAE CA.
Its normal for most investors here to think that Taurx is rubbish or scam when Maybank IB value Taurx at usd1b only, meaning GenB is sitting on losses for their Taurx investment.
Is our own mistake, even if next month the share price go up to 5, we also won't sell thinking of TauRX. Then later down again. Nobody know when TauRX could approved. It is sad to see the price up and down from 5 to 4.46 so many time.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AngTayKor
1,683 posts
Posted by AngTayKor > 3 weeks ago | Report Abuse
Posted by Michael_chan2022 > 2 days ago | Report Abuse
此时(4.60 - 4.70) 已经是国時代了...好比4.00- 4.10的時候
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So new era at 4.48 now is equivalent to 3.88 during the previous old days? Hard to comprehend these strange measuring yardsticks.