Let me explain the stock price from the perspective of the economic growth cycle, particularly in relation to changing interest rates and how these changes will affect the casino sector
The price movement of Genting corresponds with Singapore reits. I have been observing this for 2 years now. Singapore reits are recovering. Hold tight onto your GenB shares..
Game over = Genting , 200 MA break down , Gen M already Game over since 1 month ago , now Genting game over , QR August decrease gurantee drag price to 4.30 , sleeping another 3 month until NoV , Smart investor Buy contruction let profit run , situpid investor buy Genting ,let losses run
My view on the factors that might affect confidence in investing in casino stocks two months before expected rate cuts:
Factors Supporting Confidence: 1) Expected Rate Cuts: The anticipation of rate cuts suggests a more accommodative monetary policy, which could stimulate economic activity and consumer spending in the near future. 2) Recovery Trends: Positive signs of recovery in the tourism and hospitality sector could bode well for casino stocks. 3) Historical Performance: Historically, rate cuts have often led to improved market sentiment and higher stock prices, particularly in sectors sensitive to consumer spending.
Factors Reducing Confidence: 1) Current Economic Conditions: If the economy is currently weak with rising unemployment and low consumer confidence, it could negatively impact discretionary spending, including gambling. 2) Market Sentiment: Poor market sentiment and uncertainty leading up to the rate cuts could cause volatility and downward pressure on casino stocks. 3) Specific Company Performance: Not all casino companies will perform equally well. Company-specific risks, such as debt levels, management effectiveness, and competitive positioning, need to be considered.
Balanced View: 1) Short-Term Volatility: Be prepared for potential short-term volatility as the market reacts to economic data and speculates on the Fed's actions. 2) Long-Term Potential: If you believe in the long-term recovery of the economy and the tourism sector, investing in casino stocks now could provide opportunities 3) Phased Investment: Consider a phased approach to investing, starting with a smaller position and increasing it as more economic data becomes available and the impact of rate cuts starts to be felt.
Conclusion: Given the mixed factors, a cautious but optimistic approach may be warranted. Monitoring economic indicators, company performance, and market sentiment closely over the next two months will be crucial in making informed investment decisions in casino stocks.
Posted by Michaelchan2024 > 4 hours ago | Report Abuse ATK is selling ..to push down GenB's share price. -----------
Please la @Michael, which stock market guru taught you to buy high sell low??? If Im trading this stock recently, I would have sold at 4.80+. Some months ago there were people here talking abt selling at 5.20, 5.50, 5.80 etc. I knew most of the time the crowd will get it wrong and my chart is telling me around 4.90 is the conviction sell zone.
OTB is right. Bad results drop, good results also drop. Whether some hidden hands intentionally does all this to shake people out which some might say, or just fundamentally lacklustre interest in this gaming theme already
LKT wont push up for everyone make money, looks like going down 4.30... lucky early already changed to tenaga... GenB cannot go up for quite some time..
Game Over = Genting , this stock no local n foreign BUY , situpid investor buy let losses run Local n foreign fund all in contruction stock since second half 1 July start ,smart investor Buy let profit run 200 MA sudah koyak follow GenM ,now slowly plunge Curent share price slowly plunge reflect QR August decrease ,once confirm decrease profit , 4.30 gurantee touch , sleeping another 3 month until further notice
Then? Hot money will still stayin their own country as they have the greatest tech. Cos. in the world... Whats benefits us... Japan will be the next paradise to them.
Smart investor follow local n foreign fund buy contruction stock let profit run since 1 July , sttupid investor buy n hold Genting let losses run , very funny
Smart investor only follow banker let profit run, smart investor forever didn’t BUY cheap , Only situpid investor buy cheap ,average down BUY. , a lot , this common sense , Ikan bilis always like , buy cheap n average down , they think 1 day can rebound .sell all , waiting 1 day , waiting 1 month , waiting 1 year , waiting 2 year , still cannot rebound , u know why ? because this stock already go enjoy Holland trip
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....
neohts
2,336 posts
Posted by neohts > 2 months ago | Report Abuse
Michaelchan2024.......what is you average purchase price ? still holding.