"Genting Berhad (3182) - From Downtrend to Breakout" We saw this piece of news on 1 Oct. Exactly the opposite is happening! No breakout, only continuous downtrend.
False breakout. Pump to dump. Many retailers kena trapped. Insiders knew this news earlier n started selling first. Its not because of iran bombing but due to this latest USD600M RW Bimini bomb. Lucky follow price action n own trading instinct something must be wrong quickly sold at rebound else now lose money. Knn this LKT, biz partner also want to makan. Pooi!
Going back to History. Early days of casino was losing money. So some Koreans were hired. These Koreans made profit using maths and Statistics. So Genting has its own proprietary Casino Management Software to charge royalty etc etc to "others". However the charge out must be proportional to Bimini Revenue of usd22 million. Someone must have made a mistake somewhere to charge out usd 600 million.
Lonbisc and Harnlen are under the same group of people. Don't have faith in their management. Held Lonbisc and Harnlen shares years ago, didn't make any money, so disposed of without incurring any losses.
The RWLV case I believe was a sabo by competitors vying for NYC licence. This RWB case is LKT's own doing. Own biz partner also want to scam. NYC licence probability chance getting slimmer. LKT's reputation in USA gaming circle chao liow. How to IPO in USA next time?
Anything is possible. But any small increment is small change compared to usd600m RWB bomb. Really unexpected. LKT ah LKT biz partner also want to scam.
“1 week ago MM use some FA la. Already over 50% discount to NTA for an index stock with forward PE slightly over 10. Miami land n Taurx investment each sitting on multi-billion gains, what more you want? Aiyoyo must see over 60% discount to NTA then buy meh? Mr Market is not your lovely uncle or grandfather offering you buy 1 get 2 free type of deal la so dont try to push your luck too far la. Geeeez....” =============
Posted by MoneyMakers > 1 hour ago | Report Abuse “1 week ago MM use some FA la. Already over 50% discount to NTA for an index stock with forward PE slightly over 10. Miami land n Taurx investment each sitting on multi-billion gains, what more you want? Aiyoyo must see over 60% discount to NTA then buy meh? Mr Market is not your lovely uncle or grandfather offering you buy 1 get 2 free type of deal la so dont try to push your luck too far la. Geeeez....” ==== Went back see AngTKlown bullish call last week
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2 weeks ago 4.10 was really cheap what. Nothing wrong. But now with latest news USD600m=RM2.5B RW Bimini court case, the company's fundamentals have changed lo..... 4.10 is not the same as 2 weeks ago's FA.
It was bullish breakout to 4.31 last Monday, what wrong? I dont bother window dressing theory or pump to dump theory. Most important is that trader got to enjoy the ride up and made money. No skill MM sold off before the big rally now still jealous trader made some profit hahaha really a small meagre profit only la. Skillful trader observed something wrong with price action and started exiting "sell at rebound". Lucky didnt overstay for the party else would have lost money. Now I know the real USD600m reason for this pump to dump liow.
When FA + TA are not favourable, cheap can get cheaper, and cheaper, and cheaper. Trader prefers to trade strong trending stocks "Immediately buy, immediately huat". To buy cheap now below 4.10 after false breakout TA + FA bad news is like picking nickels in front of incoming steam roller. Safety always comes first. Traders dont like to be buried and kena stuck
Its true ATK had numerous passionate fun with this promiscuous girl on over 10 occasions. Sometimes after a short encounter she said she had to go off (30 sen small profit). Sometimes she stayed on for a few days, did private dance for me, made breakfast for me, gave me her Ferrari FOC (over rm1.00 profit). I do get rejected by her before, but I quickly cut my losses short with no emotions attached.
There are many other men going after her as well. Some men shower love and compliments to her nonstop, love her wholeheartedly, bought her presents and flowers daily etc. All they got back from this promiscuous girl are wasted time and effort, heart broken, ego bruised, lose face liow. Hence ATK (the playboy, the cad, the rascal, etc) become a jealousy target and start spinning all sorts of slanders, attacks, BS etc. Maybe the wrong target (promiscuous girl) to love wholeheartedly over the past few years?
I would have made more love commitment to this promiscuous girl (speculative grade). Until I assess that she has changed her flirtatious ways and she herself is willing to commit for longer term love (investment grade). Indeed she has a very beautiful face and great vital stats. I do miss the numerous wonderful passionate occasions I spent with her. But I am already fully committed to Taurx (not much money to do stock trading).
When I have some money next time and when I notice she has changed her flirtatious and promiscuous ways, I hope Im smart enough to give her more love and commitment. ----------------------
Normal punters entering LKT's casino de bursa stocks have little chance to outsmart the whale n make some trading profit. If you are an experienced, sharp n cunning trader, you can steal some crumbs from the whale's lunch, else you become the whale's lunch.
Stock trading is inherently a risky endeavor. Most amateurs will lose money. You need to be the top 10% to make money consistently. The top 2% are the ones making most of the money.
LKT the zhengkay at his casinos, the zhengkay at his biz deals, the zhengkay at his casino de bursa stocks. Not so easy to take this willy old fox's money, more likely he will take your money.
genting management should think to change stragegy due to compliance issue do VIP still a main focus usually compliance risk is from VIP . why dont genting change stragegy focus on volume glamber everyone lose 100usd 300million population can generate 30billion to genting
management too old and thier stragegy problem . volume stragegy is better less compliance risk due to money amount small but if play in volume it could be big amount
just hope management 1 day can realise thier stragegy need change follow the trend see how china brand grab the market share no matter hai di lao , BYD, cherry , huawei all play volume stragegy grab market share let competitor hard to survive and increase price when competitor die
like luxurious casino brand wynn also easy kena very hard to avoid . If keep focus on VIP the compliance risk will getting higher and more easy get trigger
No official announcement from GenB management meaning that news is not true. Even it's true what ever losses has been accounted is the past financial report and approved by auditor. So no big issues.
Posted by MoneyMakers > 1 day ago | Report Abuse Aiyoo AngTKlown give bad TA (buy 4.25++) Suddenly show ‘trading record’ (profit) how to believe leh kikiki -----------
2 weeks ago when MM fear mongering at 4.10 zone, trader bought at 4.11 n 4.12 then. Bad karma MM missed the big rally to 4.31. After Iran bombing, trader sold at rebound everyday thereafter. Price never went below my entry price last week. How not to make meagre trading profit? MM's math fail? Continue to eat your sour grapes MM. You fear monger some more hoping you can buy cheaper, you will kena more bad karma. You have to believe in karma MM. Karma is real.
Posted by MoneyMakers > | Report Abuse Dont trust GB longterm with such terrible QR Strong MYR not good for SG/US biz..rate cut savings also wont see in coming Q3 QR --------- Just matter of time break under 4.10 - might take few days (slow week) --------- Walao touch 4.10 again - looking good ------------ Only want see divergence under 4.10 by Friday kikiki ------------ Bearish closing 4.12 - gonna challenge 4.10 again nxt week ======================== PRICE IMMEDIATELY ROCKET TO 4.31 ========================
MM ah, you are the one and only Tin Kosong here la. WAHAHAHA..... 🤣🤣🤣
Posted by MoneyMakers > 33 minutes ago | Report Abuse
Aiyoo AngTKlown true story ma what happen last week
As said just sell ur 0.6% TauRx rm100 Mil (+ small profit 80K) go permanent migrate Japan
Ur bad TA wont be missed here kikiki ------------
Aiya these repeated MM's BS posts has already been answered again n again. Jealous MM no new creative jealousy posts just keep reposting the same old BS. Check back past 2 days historical posts la. No need to keep telling everyone here you still eating sour grapes la. Bad karma MM 4.10 non-stop bark sell, missed the 4.31 big rally. Trader bought at 4.11 n 4.12 rode it up n exited with meagre profit. This truth already well documented here liow. MM do bad karma deeds here, sold before the big rally cannot huat its your bad karma not my problem lo.
Already having gambling withdrawal syndrome. Looking forward to another Genting dumping day tomorrow. 😁 Here a dump there a dump Dump sell dump sell to 2.50 Cheers!
RESORTS World Bimini’s original developer is demanding its Genting partner pay more than $600m in damages for allegedly turning the project into a “financial wasteland” via a near-billion dollar liability “dump”. ---------
Thanks hng33. This is called real sharing. Those still stuck on Friday morning could have exited at 4.13 immediately after hng33 posted the bad news. Those who heeded trader's call to "sell on rebound" after iran bombing could have exited at 4.20 zone. This is called true sharing. Those usual fear mongers of course have other ill intentions all along mainly hoping to buy cheaper.
ATK as mention this is civil case can be drag so long for court final judge . Genting financial muscle is more than RAV BAHAMAS i believe genting side have ready for this 😂
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
2,451 posts
Posted by AngTayKor > 1 day ago |
Post removed.Why?