Genting S’pore is flying as bearish analysts calling “sell” when it was much lower, are calling it a “buy” when it is flying. Sell low, buy high?
I don’t track this stock but I’m wondering who are the gullible fund mgrs who having sold stock or refrained from buying earlier on their brokers’ recommendation, have now turned buyers at higher prices.
And why they trust the analysis of people who got it wrong only weeks ago? I mean would you trust an astrologer who got it wrong a few weeks ago when you visited him?
Let’s hope its not a case of “Buy high, sell low”.