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Genting Sing    Last:0.74   -

GenSp starts to move up again

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cardcounter
    11-Jun-2012 15:00  
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Shorted since few wks ago at 1.635 after Genting announced poor result once again using CFD thro IG Markets.

Thats when you started shouting 'ALL IN'...

 

Isolator      ( Date: 11-Jun-2012 13:53) Posted:

Expected? Then did you short and cover at 1.455? As expected, it will go to 1.5 today....lol

cardcounter      ( Date: 11-Jun-2012 11:46) Posted:

Genting price puntured again as expected..


 
 
Isolator
    11-Jun-2012 14:28  
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If the gap is not close (very  sure it  cannot close), it will charge up to break the 1.5 this afternoon...I will start buying at 1.45 if it reach.... Base on DOW and STI, they are intact with the uptrend and also confirmed with the rebounded.... With these, Genting will break 1.5 and shorties will be in deep trouble.....

Bopanha      ( Date: 11-Jun-2012 14:18) Posted:

Good trading style to play as the counter is at its 52 weeks' lowest (or near there), and I only fear it would range for a length of time between low $1.42 and high $1.49 leaving not much rooms for long or short to profit unless you can always get the low and the high to enter. 

Isolator      ( Date: 11-Jun-2012 14:07) Posted:

I have profited from selling off half of my all-in position, and will continue to buy slowly if opportunity open.... Or else will just ride on to break above 1.5....


 
 
porky88
    11-Jun-2012 14:23  
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sifu.. u so fast run road liao... i am still holding ball... hiaz...
 

 
Bopanha
    11-Jun-2012 14:18  
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Good trading style to play as the counter is at its 52 weeks' lowest (or near there), and I only fear it would range for a length of time between low $1.42 and high $1.49 leaving not much rooms for long or short to profit unless you can always get the low and the high to enter. 

Isolator      ( Date: 11-Jun-2012 14:07) Posted:

I have profited from selling off half of my all-in position, and will continue to buy slowly if opportunity open.... Or else will just ride on to break above 1.5.....

Bopanha      ( Date: 11-Jun-2012 14:02) Posted:

Bought Friday's closing and sold this morning for some coffee. Dared not hold because this counter is at the brunt of widespread short selling in the face of continued regulatory board's restrains purely against locals becoming addictive gamblers. Thought on the whole stock markets will climb from Mid June and continue for a year or two. Switching to other counters will be a better stand.


 
 
Isolator
    11-Jun-2012 14:07  
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I have profited from selling off half of my all-in position, and will continue to buy slowly if opportunity open.... Or else will just ride on to break above 1.5.....

Bopanha      ( Date: 11-Jun-2012 14:02) Posted:

Bought Friday's closing and sold this morning for some coffee. Dared not hold because this counter is at the brunt of widespread short selling in the face of continued regulatory board's restrains purely against locals becoming addictive gamblers. Thought on the whole stock markets will climb from Mid June and continue for a year or two. Switching to other counters will be a better stand.

Isolator      ( Date: 11-Jun-2012 13:53) Posted:

Expected? Then did you short and cover at 1.455? As expected, it will go to 1.5 today....lo


 
 
Bopanha
    11-Jun-2012 14:02  
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Bought Friday's closing and sold this morning for some coffee. Dared not hold because this counter is at the brunt of widespread short selling in the face of continued regulatory board's restrains purely against locals becoming addictive gamblers. Thought on the whole stock markets will climb from Mid June and continue for a year or two. Switching to other counters will be a better stand.

Isolator      ( Date: 11-Jun-2012 13:53) Posted:

Expected? Then did you short and cover at 1.455? As expected, it will go to 1.5 today....lol

cardcounter      ( Date: 11-Jun-2012 11:46) Posted:

Genting price puntured again as expected..


 

 
Isolator
    11-Jun-2012 13:53  
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Expected? Then did you short and cover at 1.455? As expected, it will go to 1.5 today....lol

cardcounter      ( Date: 11-Jun-2012 11:46) Posted:

Genting price puntured again as expected..

Isolator      ( Date: 11-Jun-2012 11:02) Posted:

When genting rebound at support.... it signal that it will charge up higher to 1.5..... Once it can break this.... it will go very high.... Huat la...


 
 
AK_Francis
    11-Jun-2012 12:02  
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Ha ha, smart thinking, u must be now marching to the bank with others liao. Cheers.

cardcounter      ( Date: 11-Jun-2012 11:46) Posted:

Genting price puntured again as expected..

Isolator      ( Date: 11-Jun-2012 11:02) Posted:

When genting rebound at support.... it signal that it will charge up higher to 1.5..... Once it can break this.... it will go very high.... Huat la...


 
 
cardcounter
    11-Jun-2012 11:46  
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Genting price puntured again as expected..

Isolator      ( Date: 11-Jun-2012 11:02) Posted:

When genting rebound at support.... it signal that it will charge up higher to 1.5..... Once it can break this.... it will go very high.... Huat la...

 
 
edchai
    11-Jun-2012 11:39  
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now it comes back to my purchase price 1.455 ......
 

 
porky88
    11-Jun-2012 11:19  
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i expect prices to roller coaster this week... long and shorts all want to prove they are right...
 
 
Isolator
    11-Jun-2012 11:02  
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When genting rebound at support.... it signal that it will charge up higher to 1.5..... Once it can break this.... it will go very high.... Huat la...
 
 
porky88
    11-Jun-2012 10:59  
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i guess.. lots of folks will have shorted in anticipation of the screw up in the greek elections...

 
 
 
porky88
    11-Jun-2012 10:57  
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me very long..... LOL

it need to hold 1.475 for me to be comfortable thou...
 
 
Isolator
    11-Jun-2012 10:27  
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Can tell from this thread that many forummer here have shorted... When the genting go against them, they have turned quiet... hmmm....
 

 
edchai
    11-Jun-2012 10:08  
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Good to see it comes back, above 1.50 will make my eyes more comfortable
 
 
Isolator
    11-Jun-2012 09:45  
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I finally still alive from Genting channel support.... Dont underestimate the channel support strength....  Huat la..... Breaking above 1.5....  Genting will cheong higher..... enjoy...

alexchia01      ( Date: 10-Jun-2012 21:20) Posted:



Even if there is a rebound, I doubt it would reach $1.500.

Just sharing with you... Genting SP can fall until $1.270 before seeing any real support.

Isolator      ( Date: 08-Jun-2012 22:57) Posted:

Genting is at minor channel support now.... Monday, there should have a rebound..... Getting to 1.50 is also possible... Enjoy...


 
 
Isolator
    11-Jun-2012 09:39  
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The plan should come with a stop loss..... Stop is to protect your capitals  from your shorts before losing more...
 
 
Isolator
    11-Jun-2012 09:36  
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Just wonder when will the shorties cut loss? lol
 
 
iPunter
    11-Jun-2012 09:11  
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Sifu is absolutely right there...

  All the best plans in the world comes to naught when it comes to human nature.

        The reason for big losses boils down to innate human nature. This is why only

              those who have mastered the " way of the zombie" , and who have overcome

                      human weakness, are best equipped to play the market...  Smiley


Bopanha      ( Date: 11-Jun-2012 08:46) Posted:

Only if one can stick to one's plan and execute it.  Sometimes it is easier to plan than to execute.  Every body knows what is risk and seeks ways to avoid or lessen it while at the same time hope to make money with the so-called plan. But the question is why people are still losing.

iPunter      ( Date: 11-Jun-2012 08:28) Posted:



Sifu's approach is good... I like...  Smiley

    It shows that he is a good trader in that he deals with the market (monster)

        in an objective and detached manner ie. no ego needs to prove oneself right.

                Whereas the typical player usually has a great overwhelming personal need

                    to prove himself right and the market wrong, be it being bullish or bearish.

                  This strong need to prove oneself right manifests in acts such as averaging.  Smiley                              


 
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