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Genting Sing
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spiderman_er
Member |
15-Nov-2010 13:29
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Morning was the opportunity to cut loss. Closed my long position on GAR at 0.74. Bot at 0.775 after result released. Thought it will go up, but never happen. Closed my GSP at 2.16; bought at 2.15 last Fri. Now only left some GSP bot at 2.28. This will keep for 4Q. Now is not the time to buy, because can get it cheaper later. Wait for 1 - 2 weeks for the consolidation to complete, then load up good stocks. My pick - Noble (Commodities) at 2.02 -OCBC (Banking) at 9.35 - GSP (Gaming) at 2.08 Diversified and good growth. All the best . ![]() |
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watermelon
Veteran |
15-Nov-2010 13:24
Yells: "A bird in the hand is worth two in the bush." |
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I'd sold Gensp & Gar , total loss $4.6K :-( . Another 10 lots Gar also must sell by today or latest tomorrow if not pay up . What a terrible week (heavy px to pay) , if we were to sell before result we won't be in this sorry state :-(
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motbabe23
Member |
15-Nov-2010 13:23
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contra for the first time and hefty loss for the first time.
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Gaecia
Elite |
15-Nov-2010 13:23
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har..??!! *Gulps* i dunno wat to say... USD direction is very teething. Recap our wkend chat, if STI opens flat (after factoring that djia ended on Fri's red) is as good as lucky stars calling upon us to offload already ma, although sort of optimistic target 0.75.., 0.740-0.745 can also do. be patient firewood, meanwhile hav a stop loss in mind all trades we shld think of that before entry. We wait for uptick this aftern yup.
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Noob79
Master |
15-Nov-2010 13:19
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U all playing on Contra???
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motbabe23
Member |
15-Nov-2010 13:16
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me too... GAR must sell today... i bought at 0.765.
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firewood
Master |
15-Nov-2010 13:14
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Ya still holding. GAR must sell today.
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iOCBCjun
Member |
15-Nov-2010 13:13
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Me 1st time trading buy MapleIndT 1.17 sold at 1.09 real loss of $400 Gensp 2.19 sold at 2.11 real loss of $300, sold due to panic haiz shld have hold Gensp 2.28 holding paper loss $400.... |
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firewood
Master |
15-Nov-2010 13:11
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Yes i am here Gaecia, dying soon.............
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watermelon
Veteran |
15-Nov-2010 13:10
Yells: "A bird in the hand is worth two in the bush." |
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Firewood , are you still holding Gensp & Gar ? | ||||
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epliew
Supreme |
15-Nov-2010 13:08
Yells: "no worries be happy !" |
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iapple, what is the ma20 reading ?
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Gaecia
Elite |
15-Nov-2010 13:02
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Firewood, u here? how did u fare this morning? I sold half of my long cfd positions of Gar this morning, in case i need to hedge frm on the cash a/c. Hope there's no need to becos psychologically i find it very conflicting. As long as it holds steady 0.72 - 0.735 pls don't slip further. |
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bladez87
Master |
15-Nov-2010 13:00
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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ya i was thinking of bailing out on genting hk. but heart pain that time did not take profit now breakeven at best, maybe loss to forex.
but for GAR. i 70% vested in GAR! and it dropped so much! next time must forcefully cut, cannot wait for so long. now is like the start of bear market. haiz. and i bought at the 2 year high for GAR. Zzz
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Gaecia
Elite |
15-Nov-2010 12:52
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Should there be any opportunity to breakeven (gsp and genhk) or small losses that you can bear, pls take it to cut risks and close positions in case there's further downside. Genting has not bottomed out. If u feel that your entry price is on the high side, its time to be fearful not greedy. USD up slightly this AM, inverse relationship with commodities and asset class like equities.
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bladez87
Master |
15-Nov-2010 12:46
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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cut and pray it goes lower so that i can re enter and recoup the losses. or just let it be and wait for the ride up. if cut, and it rises up before i re enter, my losses are permanent. if dont cut, and it continues dropping, my heart cannot take it, and i will hate myself for buying to early resulting in 1 losses, 2 opportunity cost of not being able to buy at low and profit. |
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pcxiao2008
Senior |
15-Nov-2010 12:41
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hi guys, me tooo kana stuck with these stocks too.. i bought gen sp at 2.18 and 2.25...and GAR at 0.765 and mapletree ind at 1.17 and 1.19.. my losses is big too!
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bladez87
Master |
15-Nov-2010 12:35
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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genting hk at .46 sp at 2.16 gar at .78 damn sian really. the profits from the last 3 months of in out in out, all wiped out and now making even more losses. should have sold hk at .535 range, at least could cover some of the losses from GAR. |
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Greenbean
Senior |
15-Nov-2010 12:21
Yells: "Live green. Let it be GREEN." |
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Aiyo, Bladez didnt manage to get out at 2.17. Now2.12. Looking more like going down. Maybe can hit cannotfind 2.07. I cannot decide what px to go in. Follow Cannotfind?
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chris168
Senior |
15-Nov-2010 12:19
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Such a good advice. Market has been so bullish in this run up nobody should be losing $$. If you are then something is not right in whatever approach you are adopting. Tweak and adjust accordingly.
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iPunter
Supreme |
15-Nov-2010 12:10
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2.04 (dump @2.02) and 1.93 (dump @1.91) would be good entry point for a quick trade. |
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