Genting Sing    Last:0.71   -

Traders Lounge - Daily opportunities for everyone

I wonder how much will the 3rd quarter report from MIT will help the sentiments tomorrow when it opens. Hope it will dampen the impact from regional markets and US and europe.

I can only hope: God Help Us.

 

I have been an avid investor and trader for more than 16 years and had gain financial independence after 5 years of trading . All i can say is that whatever Trading be it forex , stocks , futures , about 70% is psychology ! The reason for me to Post on the internet is because i want to Pay It forward and contributing back to the society what no one can teach me and i would like to share it with you guys about the current market which is creating a Superficial Big HOO HAA . Infact now is the best time to invest when others are running scared. I have always found the best investment opportunities occur when everyone is saying that the world is falling. When ALL THIS doom and gloom reports are rampant in the market, you are probably near a market bottom trend , don't ask me when to Buy in you have to spot it yourself . i would say this coming 2 days is a good day to shop for it and HOLD . Genting SP was way below $1 back then where everyone being so negative and had hit and all time high above $2 this year and will continue to move on still . I had studied many counters infact alot are still undervalued and overSOld . So pick it up while it is cheap and HOLD , i say again BUY and HOLD you will see profits if you choose the right counters congrats , i cannot reveal much which is the ones for you to BUY but all i can say is that this week is one of the best time this year to BUY in on STABLE counter with potential yields and developments . Anyway I can see alot of Shortists trying to short various top 20s counters last week and monday which is STUPIDITY at it's finest as the probality ratio was way too low to win , let's hope you don't get caught without your undies and crying for your mummy :oops: [b]A NOTE for you guys as to how BBs analyse you :[/b] They will study the trend and market depth every seconds and will PLAY mind GAMES with you retailers . Do not queue your ORDERS when you intend to SELL early in the morning because you will put up an advantage positions for them to continue to suppress the PRICE down and easier for them to know when to SHORT . Sad to say you got to monitor constantly in order to sell at your own Tp . This is one way they study the market and suppress the price - oh gosh the shorters will be very ANGRY with me now for spilling one of their secret stradegy . Well, I hope that this post helps you with your stock buying purchases! Remember that temporary market events can create great buying opportunities. Till then Stay tuned FOLKS . B x U X L XL coming . SMILE ~

 

aren't you relief that you let go about 10 lots of golden agri already? 

bladez87      ( Date: 17-Nov-2010 12:39) Posted: time to sell genting hk liao!

 

Jus don't rain hail

 

Black Rain type 10 tomorrow again

 

CHina May Raise Interest Rate this Friday: Analysts

"BEIJING (Reuters) - The tendency of China's central bank to raise interest rates around the 20th day of the month makes this Friday a "sensitive window" for a rate rise, an official newspaper said on Wednesday, citing unnamed analysts"

http://abcnews.go.com/Business/wireStory?id=12166785

Find the source of problems..it more useful than a wild guess on price may react...

Chart is still chart...Market is still the major leading force..

People go get some sleep! I observe that many ppl are here since last night ...
If you still have opening position/contra which needs to be close soon , ...
(I also have)...LL lor...try to cut loss

Chances are still always out there! Wait for the markets stabilise,then come back for more.

All these are just a phase.
 Get some good rest & eat more!

 

time to sell genting hk liao!

 

MAS widens S$ band: Source

SINGAPORE

This compares with the 2 to 2.5 per cent range that the MAS had allowed before targeting a stronger Singapore dollar in a monetary tightening policy on Oct 14, the source told

“The new bandwidth means the MAS will tolerate a stronger local dollar,” the person said.

####    strOng  S$  wIll  attract  hOt  mOney  intO  sIngapOre  Investments  leadIng  tO  hIgh  dOmestIc  InflatIOn    ####

The source, who declined to be named, did not specify how far the MAS would now allow the US dollar to fall before intervening to curb the Singapore dollar’s strength.

The MAS uses the exchange rate, rather than interest rates, as its main monetary policy tool because foreign trade dwarfs the island’s small domestic economy.

In last month’s semi-annual policy review, the central bank said it was “slightly” widening the band and steepening its slope against a trade-weighted basket of currencies.

The central bank cited “volatility across international financial markets” as a reason for the policy change, which allows the local dollar to strengthen more against the US currency.

The MAS had tightened its policy at its previous meeting in April, when it targeted a “modest and gradual appreciation” for the currency, changing its previous policy of zero appreciation.

The US dollar has been sliding against Asian currencies this year as the region’s strong economic recovery has attracted heavy investment and as loose US monetary policy has prompted investors to seek higher yields in emerging markets.

A number of Asian central banks, including the MAS, have intervened in the currency market this year but the US Federal Reserve’s decision this month to buy US$600 billion ($779 billion) in Treasuries to bolster the US economy has forced Asia to accept further US dollar weakness.

“The MAS believes interventions should only be used in highly disorderly movements,” the source said.

“Otherwise they don’t work because you can’t fight the market. Export-dependent Asian countries must learn to live with stronger currencies.” — The Monetary Authority of Singapore (MAS) will now allow the local currency to move as much as 3.5 per cent against an undisclosed basket of currencies after the central bank widened its trading band, a person familiar with the situation said yesterday.Dow Jones Newswires.DOW JONES

Move to mean that central bank will tolerate stronger local currency

 

Other markets are still open today...

    The situation is bad... 

       There appears to be no letup in the falls...

 

Missed buying GENS at 2.08 yesterday. What price should I q tomorrow ? Overall the outlook is still bright, CIMB just upgraded STI, Nikkei also recovering from sell down today and with QE 2 flooding with liquidity, things can't be that bad... 

Gaecia      ( Date: 17-Nov-2010 02:51) Posted: Me. i look at usd charts sometimes but not versus euro. u should have deep pockets to dabble in forex & unrelenting stamina, it never sleeps. Regarding gsp's bullish reversal, why keep changing your stance? Otherwise if unsure can u try to refrain from making remarks like ie. on Tues early aftern u posted bullish reversal signals confirming very soon after 3 days of consolidation with today morning's gap down opening and other conditions fulfilled reversal criteria. Some of folks here will really take heed and go long on genting sp especially near closing 2.09 was a tempting entry prx. What are they to do now?  Its nothing personal against u Daniel. i did not buy any counter on Tues. Leinadgnow      ( Date: 17-Nov-2010 02:14) Posted: anyone still awake? i'm tracking eur/usd now.. and commods.. anyone wanna discuss issues?

 

Each person reads the market differently...

     Because often,

         in times of greatest pessimism and fear, the market can rise...

             and in times of greatest optimism and happiness, the market can fall..

                 Thus, no one can foresee the future...

bishan22      ( Date: 17-Nov-2010 10:18) Posted: Tomorrow and Friday is loading time for me. Good luck. Genting HK,Olam. iPunter      ( Date: 17-Nov-2010 09:50) Posted: The best is yet to come...

 

 

Tomorrow and Friday is loading time for me. Good luck. Genting HK,Olam.

iPunter      ( Date: 17-Nov-2010 09:50) Posted: The best is yet to come...  iknownothing      ( Date: 17-Nov-2010 09:20) Posted: hmm...seem like correction already kicks in

 

How's HK market today ?

 

The best is yet to come... 

iknownothing      ( Date: 17-Nov-2010 09:20) Posted: hmm...seem like correction already kicks in   iPunter      ( Date: 17-Nov-2010 08:56) Posted: The Dow may rebound tonight...      If it does, Thursday may be a good day for people to exit at good prices...

 

hmm...seem like correction already kicks in

 

iPunter      ( Date: 17-Nov-2010 08:56) Posted: The Dow may rebound tonight...      If it does, Thursday may be a good day for people to exit at good prices...

 

The Dow may rebound tonight...

     If it does, Thursday may be a good day for people to exit at good prices...

 

Since you have already lost,

     you can take it as a valuable lesson.

          Most stock market veterans have lost a lot of money along the way.

               If people still want to play the stock market,

                    they should expect to lose a lot of money...

                         the game is not easy to play.  

bladez87      ( Date: 17-Nov-2010 08:02) Posted: lose like mad liao. thursday will lose even more. iPunter      ( Date: 17-Nov-2010 07:16) Posted: Newbies should always remember this:-      The stock market is a very risky place.          "Not losing is already winning"...

 

Chill, today holiday sg market never open, should see tonight's dow jone.

bladez87      ( Date: 17-Nov-2010 08:02) Posted: lose like mad liao. thursday will lose even more. iPunter      ( Date: 17-Nov-2010 07:16) Posted: Newbies should always remember this:-      The stock market is a very risky place.          "Not losing is already winning"...

 

counters plunging ......gonna just hold it...