GENTING SP - Up and up and i just can’t stop!
GENTING SP has been moving up steadily of late. As per today (28/12/2009), it closed at $ 1.24 at one of the highest point it has ever reached.
I was kind of surprised with Genting SP movement of late and i asked my broker at DMG on what’s the reason of Genting SP movement of late. She told me that there were rumors that Genting SP will be getting the license to open their casino very soon.
As you all know clearly that i do not invest on rumors as that’s not my style of investing. I am a purely fundamental investor. Whether it was just rumors that made Genting SP moved i couldn’t care as i am pretty sure Genting SP will fly when the time comes.
I advice my sister to invest some of her money into Genting SP and she did just that by acquiring 1400 shares of Genting SP at $1.24 making her a proud owner of a total of 3000 shares of Genting SP.
Looking at her purchase today at $1.24 at 1400 shares, i made her transaction round by adding another 600 shares of Genting SP at $1.24! ^^
My last count on my Genting SP, i had 19000 shares at an average price of $0.8293. With the latest small purchase, my new average on Genting SP is at :-
Latest total Genting SP shares :- 19000 + 600 = 19600 shares
Latest average of Genting SP : (0.8293 x 19000) + (1.24 x 600) = 15756.70 + 744 = $16500.70
Average : $16500.70/19600 = $0.842
Conclusion
I am still super bullish with Genting SP. I am keeping Genting SP for my wedding in the future. So i am not selling it soon. How high it will go, i am not sure but i am pretty sure i will keep Genting SP for quite some time.
I just can’t stop craving for more Genting SP. Although Genting SP is making a move up and up but i am still catching it. My target is to have at least 25000 shares of Genting SP and i am almost there! Wish me luck…
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