Both stocks seemed to have found their ceiling price for the mean time plus the volume hasn't been much these past few days, big sharks are holding their stocks.

Resorts has found the ceiling yesterday @ 2.45.

Today not moving much and dificult to reach even @ 2.40.

Hmm.. most likely today will close at par as per yesterday @ 2.35.

their subsidiary, Star Cruise price already shoot up in hong kong and singapore by 40 % because of the news that Hong Kong allow their ships to stop there !

Genting went up 5% already but Resorts is still not moving !!

Coz' big sharks are still accumulating at the lower price so that they can make huge profits..

Resorts is one of the solid blue chips which is still very cheap !

No debt, cash rich (4 billions), monopoly casino business,prudent management ...

I think it is the safest bet in KLSE, the least likely to close shop !

Time to sapu ? ?

Hi there Miao Miao....

Not close shop not good enuf lor...

Last time I sold around current price, thinking when can buy back, waiting for pullback...

I sold mine at RM2.15 but now also pondering whether to to reinvest in Resorts.

resort now whre got group under blue chip?
thought only genting is consider blue chip now
they change the system

I thought blue chips are up to the investor to define? Any large company in relative terms to other stocks in the Bursa that is stable will do?

Yah blue chip just an imaginary definition.

Blue chip or blue film or WTF also not important, what important is whether this "chip" could bring money to us !

I just noticed all the analysts (smart and stupid ones) start queueing up to recommend STRONG BUY for this counter with Target Price from 2.80 to 3.40 !

I am in already ...
as this is the stock you can pledge all your life saving money in it and sleep well at night !

I think to consider whether to buy Resort, first need to go to Resort & spend a few nights & play in casino
I also exited quite early @ 2.23 & 2.3. Was expecting some drop to re-purchase back but it seems like the price is not going anywhere near my target buy price

I was also bought over by their low gearing & cash pile. However, as someone pointed out, this counter doesn't give dividend regularly despite their standings, so you will have to pin your hopes on capital gain.

This post has been edited by whizzer: Apr 22 2009, 03:39 PM

Sleep on it and hope they don't do another silly related party transaction again

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Added on April 22, 2009, 3:51 pmBoth Genting and Resorts are good bets. Probably we've heard that they were the bluest of blue chips. I wouldn't call them that after the son took over the reins, but they're still amongst the best in my books.

This post has been edited by Starbucki: Apr 22 2009, 03:51 PM

At least I'm still holding Genting. But Genting hit my tp of RM4.50 today, in a dilemma whether to let go now, how do you think Resorts and Genting's earnings will be in Q1 2009?

Resort price not much moving since beg of this month till today. When I buy 2.3x now still 2.3x. Not sure want to let go or not.

Hold for a while i think would be better. Anyway, if you sell now you're not making any profit at all.

i bought 3.52

Be patience, I really like this kind of movement. It shows that the share is building some foundation before it can start to move up again.
If you trust the co you can start to accumulate and rip the benefit later otherwise you know what to do.

Genting?

I believe Resorts and Genting's first quarter will be better than 4Q 2008 due to the chinese new year crowd and fairly good CPO prices (for Genting's subsidiary, Asiatic). Please let us know if you feel otherwise.