The reason was because world economy starting getting better and market started to rally from 2003 onwards until end of year 2007. So this is almost 5 years bull market. So resorts climb steadily during these 5 years bull time.
It is not what strategies that Resorts took but it is how global market affect demand & supply of the stocks.
Now we all entered recession time and stocks plummeted. Demand reduce and stock price dropped.

I can't really say whether this time is good time to buy or not?
But i could say that Resorts will be supported at first level RM2.10-RM2.15 level and second level at RM1.85.
Any range between RM1.85 - RM2.15 will be good for entry price.
This would be good investment in next 2 years while awaiting for Sentosa resorts complete and stabilise.


This post has been edited by dreams_achiever: Jan 18 2009, 08:35 PM


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I have no idea about profits forecast of this new Sentosa resorts.
I just knew that it going for soft-launch in first quarter of 2010.

Today it suddenly close in GREEN +1cents at 2.25. Something fishy here...
Anyway, today i unload resorts-CI with loss half cent.
Keep resorts warrants in view first while monitoring china warrants. KLSE will be affected by political turmoil from Perak situation.
Better stay away for while.

wah, couldn't believe my eyes. Resorts closed below RM2
Next support at RM1.80
I'm coming to grab you..drop drop drop!

Resorts closed at 1.97. Now u have earned some profits
Last week, Resorts buyback alot of shares. What they gonna do about it? Is they gonna void it and increase the EPS value or
hold it first and then sell it at higher price? Can someone enlighten me? Thanks

Btw, i'm not sure whether u guys aware. Everytime Resorts buyback their shares, there would be some rally ahead of this.
Just like previous days on July 08 and Dec 08. Last week also shares buyback. So, this week Resorts gonna rally above RM2.. Go go go

I thought Resorts has announced 4cents for 4th quarter.
Next announcement will be on 3rd week of May 2009. Long way to go..
Anyway, like usual Resorts GO Go GO ! lolz

Thanks, master cherroy.
You're the one should seek for to answer these fundamental questions

wah! Resorts super cheong today! rose 6% . Awesome.
TP RM2.30. 10cents more ..GO Go go.

DJ futures +79.
Seem most probably Resorts will hit RM2.30 tommorrow. yahoo!

Next time remember to buy resorts when resorts buying back its shares.
If not mistaken, previous 2 same occasions also have same behavior where the next few days, it will rally kao kao.
This is the third occasions from last year second half till now.

(Note: not 100% true but well, who knowz, rite? )

No problem. Glad to share it out with you all
Sigh..Huge profit taking inplace. Wonder if today can reach RM2.30
Come on, Resorts. Go Go go

Lolx. Yup, peak RM2.50. Still got 2 more days to go next week
I bet going to have window dressing for this quarter.
EPF gonna manipulate the index so it will stay green until next week

Yup..next week G20 meeting. Let see how well it goes.
Next week will TP if Resorts reach RM2.25++

I dun think Monday morning, it will open green. Profit taking will in place due to weak DOW performance.
Maybe not necessary true as KLSE not truly correlate with DOW.
I just hoping for final 2 days, there would be windows dressing for first quarter of 2009.

As my Resorts-CI still above my average price at 3.5cents, so i will hold first until end of this month or
whenever Resorts reach RM2.25-2.30 and -CI hit 5.5cents. See which one will hit earlier..hehe


This post has been edited by dreams_achiever: Mar 28 2009, 03:39 PM

I trade 2000lots. Still keeping and will sell it next week. Market are getting overbought.
Scare to hold longer..

If Resorts hit RM2.30, -CI may reach 7 cents (7% premium). Currently it at 9% premium.
But i won't greed. TP at 6-6.5cents range

i think he meant Resorts share price below RM2 then he will start accumulate.
But to me, if Resorts drop below 2 again i will be cautious as next support level will be RM1.8 or RM1.50

Yah, he(Peter Lim) already missed the boat.
I also think Resorts won't fall below RM2 as well. Well, not for this week of course as Najib gonna swear as 6th PM.
He won't spoil market mood with KLCI being in red color

Yup, i knew about it. Not forget that Genting belong to KLCI index.
Genting up, Resorts will up. This undeniable as history showed it
Anyway, if KLCI up resorts sure will up lar..
Last time KLCI up 20++ points -> Resorts up 14cents

10 more hours to go. Lets pray for second half will be good to unload shares

Cham!..Yesterday unload 1K lots Resorts-CI at 4.5cents.
Today need to unload another 1K lots. Scared liao
Wait until Resorts stabilise around RM2 range. Dun dare to catch falling daggers today.

I dun think so gua.
As long as minimum amount above than RM2.8K then it is enough to cover my brokerage expenses at 0.42%.
Clearing fees + Stamp duty will take big portions there.
Well, i willingly pay for it as long as i got profits there. hehe
So far, it is still above my cost price