GL Limited (formerly: Guoco Leisure)

[greengiraffe]

taking private soon ?

This is a billion dollar question. However in a liquidity driven momentum market like what we are witnessing now, the best way to analyse the mkt psychology is probably to turn to technical analysis.

I looked back 5 years and GL is approaching a major resistance of $0.81 seen during the weeks 25 Sep 09 and 11 Mar 2011.

If GL breaches $0.81 successfully, we may eventually see an ultimate target of $1.135. Unfortunately, I don't have charts going beyond the recent 5 years so I can't see the technical resistance above that.

Note that GL's book value is US$0.874.

Any inputs will be deeply appreciated.