Bought GENM @2.90. A Technical signal buy appeared last Friday. GENM technical is not as strong as Genting but Genting surge too fast. https://www.youtube.com/watch?v=aZZKycFZnbs
Alas, I Q-ed to average down @ 4.68 last week but was not done, so my last avg down was 4.8075 early last yr...the disappointment with kOKtAHi's shennanigans prevented me from averaging down more aggressively...so my avg is still a relatively lofty $5.62, waiting to be rescued by TauRx just like my General Electric long position was rescued by the de-mergers of GE Healthcare & the coming Vernova spin-off...
Still early days …we will have many days when it is up and down….however we all know it is matter of time when Taurx is a reality..even after approval there are many strategic options to consider which is listing of company, tie up with big Pharma etc etc….no impact in terms of revenue ….until much later…but the value of Genting investment in TauRX will be revalued…currently at book cost.
Of course, the last 5 dividends totalling $4,537.75 (probably closer to $6k if those b4 2021 are included) doesn't hurt BUT I strictly consider selling ONLY if there's a capital gain...dividends are over & above.
Dont worry Dompilee, Genting will reach your average cost this year, most probably this May results.
You are right neohts, GenB nothing to do with Taurx. However they have their own story. GENP up today because 13 sen dividen on the way and higher CPO price, GENM up because 9 sen dividen ahead and expected better profit 1stQ 24
ytlpower also has it's prolong down turn after lunching YES tele-communication project, burning away not less than $2b, its share price drifted from above $1 manyyears back to a miserable less than 40 sen before recovery from last year. so, every player in Bursa has it's turn.
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Posted by Save > 2024-03-11 10:02 | Report Abuse
Half day break 2 resistances 5.02 and 5.11, next is 5.25. Good