The killing machine has started its motors, and yet the fairytale continues. Genting bounced up from the 90 cents support towards 98 cents resistance in a technical rebound.
"SEE!!! GENTING IS STILL BULLISH!! DON'T WORRY! $5 IS COMING! BUYYYYYYYY!!!!!!"
The bear trap has been set. The evil market makers grinned as they continue to distribute their rubbish while watching them being snapped up like hotcakes.
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Showing posts with label Genting Singapore. Show all posts
Showing posts with label Genting Singapore. Show all posts
Friday, March 5, 2010
Friday, February 19, 2010
The Genting Fairytale
Today, we saw Genting crashing past the $1 psychological support and the $0.98 at the 200MA region.
Indicators does look oversold... so a technical rebound could be due soon... But is that all to meet the eyes?
To me, the rise of Genting's stock price was a fairy tale played by market makers to lure more and more "investors" in. Whether it is true remains to be seen... this is just my hypothesis which stopped me from buying in the first place...
The beginnings of the fairytale:
The fairytale begun long ago when Genting secured the licence to operate a casino in Singapore. Genting's stock price bottomed at 40 cents on 28th Oct 2008 with a hammer candlestick.
Indicators does look oversold... so a technical rebound could be due soon... But is that all to meet the eyes?
To me, the rise of Genting's stock price was a fairy tale played by market makers to lure more and more "investors" in. Whether it is true remains to be seen... this is just my hypothesis which stopped me from buying in the first place...
The beginnings of the fairytale:
The fairytale begun long ago when Genting secured the licence to operate a casino in Singapore. Genting's stock price bottomed at 40 cents on 28th Oct 2008 with a hammer candlestick.
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