With the gaming industry still at its infancy, historical data, especially on earnings, is limited. This situation forces the Mokong to rely heavily on tech analysis and guesstimating sentiment. Currently, there are four stocks considered part of the Gaming Industry: AGI, BLOOM, BEL and LR.
AGI is a conglomerate benefiting heavily in increase in domestic spending due to businesses in properties and consumer goods/services (including gaming - Resorts World). Its strong run-up testifies that business is doing great. Problem with AGI is that its gaming business may have been priced-in and upside would come from its other business.
BLOOM's move from Php12.sh to 16sh per share was more on people anticipating its casino operations which started this March, and its inclusion to the PSEI (an icing on the cake). Now that developments (earnings report and/or expansion of operations) would take time, people are getting less interested and are looking for faster horses.
The Mokong observed that during BLOOM's downtrend last week, BEL started to trend up. Does this signify that people are sifting to BEL? Are they taking positions in anticipation of BEL's casino operations next year?
The Mokong was not able to ride with BEL so he decided to buy LR. LR is within the boundaries of a jumbo symmetrical triangle. Hopefully, better earnings from its other businesses and the
announcement of its 20% stock dividend date, would make LR break that
symmetrical triangle. Taking a second look, the triangle reassembles a spear's head which reminds us that Spartacus was killed by three spears - a bad omen? But come to think of it, "There is no greater victory, than to fall from this world, a free man". #spartacusfever
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