| China Press Mr. Ng asked:
Which stock has better potential, Genting or Genting Singapore? Genting price has fallen below RM10, is it worth buying in?
Let’s analyse Genting first. The forecast with Celestial Forecasting Disc with the lowest figure of 3.08 has revealed the following critical resistances, i.e. 4.29, 5.70, 7.31, 9.12 and 11.1. When prices drop, these critical resistance levels will be used as major supports for analysis.
Genting price is approaching the psychological support of 9.1 (should see a rebound). At this level, one should go for short term gains. Buy in at this level and sell off immediately when the price begins to rebound, because the downward trend will continue again shortly.
Once the price drops below the psychological support of 9.1 and keeps dropping, it is likely that it will bounce back to 7.3.
Relatively speaking, the psychological support of 7.3 is a more obstinate threshold. We can see from the graph that the price had to break this threshold twice before it actually climbed. Hence it is also a stronger threshold that support price drop, meaning it is a better and safer point for buy-in too!
Next let’s look at Singapore Genting. Using the Millionpreneur Celestial Disc Forecasting System again, but based on the lowest price of 0.27, we have got the psychological resistances of 0.38, 0.51, 0.67, 0.84, 1.03, 1.25, 1.48, 1.74, 2.01 and 2.30. Likewise, these will be the support thresholds for price escalation.
What must be emphasised here is the point that in the earlier upward trend, the price increase jumped out of the usual range (gapping up) at 1.44. This downward trend has at least filled in the jump gap. Among all the figures revealed by the Celestial Disc, the 2 most critical numbers are 1.25 and 1.03. These are the best prices to buy in.
It has been predicted that it would be very difficult for Singapore Genting to drop below the 80 sen level like before, so the best thing to do is buy in small lots at 1.48 and then buy in bigger lots at 1.25 and 1.03.
The question now, which is a very good one, is which one is better—Genting or Singapore Genting?
Looking at prices alone, Singapore Dollar 1.40 is equivalent to about RM3, and that’s real value for money. I have always said that Singapore Genting is a future star, and I always tell my listeners that it is still worth it even if it reaches 2 Sing Dollars, because it has an increase potential of SGD4-5. It was already fairly cheap before, and at 1.40 Sing Dollars now, it is a bargain to die for!
We always complain about our ancestors not buying property or keeping some good stocks. A senior that I know, who is also a student here, bought in BAT and HSBC shares etc when he was young. Today, his children are financially secure. Even he himself is living quite comfortably off in his retirement days. But you have to make your own retirement plan. It is wise to make changes now by ‘planting new trees’ so that your children can ‘enjoy the shade’. And Singapore Genting is a wise choice, because even though it does not bear fruit now, it will do so for your children. Do you think it will not benefit your children? Of course not! Well, it’s better than buying some rotten stocks that are not helpful to your children at all!
While we are at it, I suggest cutting out this script and sharing it with your friends, and then keeping it as a souvenir. Time will be a living testimonial for Millionpreneur Celestial Disc, because I know it will not let you down. If you make a lot of wealth through it, make sure you donate some money to charity.
Recently the big boss of Genting has made a daring move that even his father dared not do by making bold future plans for the Chinese people in Malaysia. The move is a ray of hope—a very wise move indeed. If we buy Genting stocks, we will be showing some indirect support to this wise call by a group of society luminaries to garner public power to build a better future. It’s a win/win situation. Well, what have we got to lose?
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David Yap
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Oriental Master Code & Millionpreneur Investment Community
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Welcome. Our investment and trading methodology is applicable to forecast the financial markets. Oriental Master Code™ and Millionpreneur™ Forecasting Software covered the most critical challenges in understanding the financial markets. It has been tested and proven to be the most simple, effective and efficient solution and a worthy companion for you to play the Wall Street Game beautifully, masterfully and profitably. - David Yap
