ShareJunction - Stock Forum Messages

Genting Sing Last:0.735

+0.005

Traders Lounge - Daily opportunities for everyone

The analysts' upgrades today is so uncanny, an agenda to save their own skin? Okay anyway the FA is our gaming sector is a huge meat pie, makes gd investment for long time. Where else in a first world country can u find casino stocks at $1-2 sgd equivalent? Only in Singapore.

RSI 60 is not any indication to go long, today is not key reversal to trend upz. Everytime Gensp turns up it spikes sharply very fast, doesn't jus ding-dong btw 1-2 cents holding out. The downtrend and worst is not yet over imo but if the entry objective is just to contra play, glean a few cents here and there then pls do what u hav to do.

BullishTempo ( Date: 12-Nov-2010 16:34) Posted:

Genting Singapore’s target price raised to $2.65 by Credit Suisse

Tags: Genting Singapore | Genting Singapore Plc

WRITTEN BY THE EDGE

FRIDAY, 12 NOVEMBER 2010 16:18

You are so 'gan jiong' (anxious) to make money...

To play the market,

you must not think of making money as a top priority...

The top priority is not to lose your money...

that should be your ultimate goal... Smiley

funtrading ( Date: 12-Nov-2010 16:33) Posted:

oops .. dun luff, mind not concentrating, thinking abt the loss

iPunter ( Date: 12-Nov-2010 16:29) Posted:

Hahaha...

so cute...

you mean market depth?... Smiley

welcome :D going to study now .. hahaha stupid exams in 2 weeks time.. see you all around!! happy trading and enjoy your weekends.

tks. i share the view that 4Q will be good for Genting too.

If 2.12 hold, will be relief and see the bull continuaion.

If 2.12 cannot hold, will close my 2.15 long position and wait for next support at 2.2 and 1.85. Cheers Smiley

demand and supply.. if it is overbought.. or going on uptrend towards overbuying .. price will increase.. people buying what.. if going down towards the oversold... meaning pple selling right? price go down .. so you just wait till bottoming out of RSI then rising back up to buy lor.. question is when is the best time to buy to maximize your profit. Time lag of about 1 month for it to correct la..

Parabolic Sar maintains a buy trend on Genting SP. You are right about the flag formation at 2.44 of genting didn't see that and thanks for that observation..

However RSI and stochastics indicates a huge overbought previously and is in a midst of consolidation and selling off (see RSI and stochastics K%) large sell down yesterday and today.. not unusal because of G-20 G-7 as well as the euro/ usa problem .. however, on hindsight including some FA of the world, Spain and Portgual got rating cut.. euro going down even more.. usa money going up ... as u all know.. usa money very linked to their shares.. when usa $ like hit.. pple buy gold.. buy equities buy this buy that.. but when it goes up .. then pple rather put in safely locked away. These issues combine with the fact of the consolidation may lead to problems in the near future.. i have gotta see the candle stick chart today as well as the updates of all major details and analysis before i can formulate a solid hypothesis base on facts and not my own opinion.

But if you want my pure opinion, i think be500 and sx5e wouldn't climb today.. Nikkei and china and hk down by a HUGE percentage.. 1.39, 6.21 and 1.93 ... All market consolidating + worried .. leading to not a good next week... futures also down ....

Besides, you all know the story of how december, jan and feb to the next fiscal year is always a sell down period right .... simply because of these reasons.

1). lets say you are a major investor working in a BB ... your portfoilo shows a 20% increase and it's pegged to your bonus.. but if you threw away stocks that were laggards or lesser growing.. your portfoilo would show 30-35% increase.. would you not sell these shares now to show a good performance get your bonus.. and buy them back the next year?

2). Major dividend payouts and holiday season.. do play a part too.. certain industries are affected by the holiday season i.e. Airlines and transport etc. you would buy them .. but you lack the capital to buy them .. what would you do? Sell those that you have already made money in... bar those giving out dividends... and invest in these seasonal industries right?

Base on these 2 intuitive gut feeling of what i would do if i were a Full time hedger or trader.. i would invest in genting .. because holiday season.. so i think next 1 or 2 week problem problem.. buy by december.. genting will get back right on track and do even better.. Just my own 2 cents opinion that is not base on facts or solid reasoning. It;'s only logical reasoning ot invest in genting during this period.. however, all other industries.. i'm not too sure.. so ya.. there you have it.

Oh p.s ya about 60% region which is not oversold.. did u see ytd's charts? dropping so steeply towards 30% :S hahahaha meaning oversold soon.... and you say not oversold right.. you are right.. but did u realize before this.. it was over bought at above 70%? what goes up must come down.. so theortically the RSI is right.. was overbought at 70% coming down towards the 30% .. and then buy back up again.. and that's why i say by decemeber should be corrected.

spiderman_er ( Date: 12-Nov-2010 16:19) Posted:

Tks for sharing on TA. You are right that one should wait for confirmation before buying. Write this down and stick in front of my computer to remind myself.

Just like to seek your opinion on Genting TA

from the chart, I see 2.12 as a key resistance turn support. I think it is safe to buy some if today close above 2.12, ie this bull run from 1.86 is not over till the it hits the TP of 2.44 from breakout of flag formation.

RSI is around 60% , which is not at oversold region.

Tks in advance.

Leinadgnow ( Date: 12-Nov-2010 15:30) Posted:

hey bullish .. i'm not bearish neither am i a headless chicken running about.. i'm just saying that people needs to know what they are doing and their game plan... it's not like you can just buy or sell base on market predicitons.. i have never ever to give up investing or speculating.. neither have i ever said that it's negative or a downside.. im just telling people to not average down as of the moment yet and wait for it to stablize and for a confirmation sign before going in once again... Averaging down now is suicide cause there's no confimration of bottom yet...

Also, i have quite alot of respect for you and your tips as well as arguments... i'm in smu and my friends have made over 300k - 400k in 3 years investing.. i'm close to over 300% increase in my portfolio as well... i'm just telling the people here to wait for confirmation and not base solely on tips or analyst ratings.. do their own research... and do their own charting.... because by the time the bb come out with report u have time lag.. and u miss the boat.. plan ahead..

Anyway that aside, genting price drop below MA20 already.. reversal should be in place after the G-20 and market consolidation... Mid of bollingerband and MA20 the same level as of yesterday 11/11/10 ... today it fell below MA20.... meaning to say if market correction is over and price climb, can average down and buy up on monday or tuesday as it will slowly climb back to the level of the MA20 and peak again.. as long as it is a higher high and higher lows.. it should be fine base on investing. I'm just trying to tell those who are already in deep shit buying at 2.28 or 2.3 and now thinking of averaging down... don't do it yet.. wait for CONFIRMATION and not hope....

That aside.. i hope to talk to you more about shares and investing as i'm only 21 years old and have been in the market for only 4 years as compared to many old veterans here. I've said once again.. sorry for spamming your thread and i hardly post alot.. it's just i've been reading genting threads lately and i know how painful it must be for those people who bought so high and see it fall ... and do stupid things in desperation :D cheerios.

Genting Singapore’s target price raised to $2.65 by Credit Suisse

Tags: Genting Singapore | Genting Singapore Plc

WRITTEN BY THE EDGE

FRIDAY, 12 NOVEMBER 2010 16:18

oops .. dun luff, mind not concentrating, thinking abt the loss

iPunter ( Date: 12-Nov-2010 16:29) Posted:

Hahaha...

so cute...

you mean market depth?... Smiley

funtrading ( Date: 12-Nov-2010 16:28) Posted:

can someone post the market indepth ?

Hahaha...

so cute...

you mean market depth?... Smiley

funtrading ( Date: 12-Nov-2010 16:28) Posted:

can someone post the market indepth ?

BB start to buy back liao....Showtime...

Did any one buy Noble?

U R really smart!

blackreplica ( Date: 12-Nov-2010 16:19) Posted:

took a small bite at 2.12. Purely bargain hunting. can easily hold long term

If market continues to decline, i am buying more

IMO The value proposition is solid provided you are not in it for the short term

this is like no GST price.. haha I bought iPad from Terminal 3...

Sept11 ( Date: 12-Nov-2010 16:21) Posted:

Another 40 minutes before the one of the great singapore sale (7% off of yesterday price if u buy @ 2.12) closed.....

whoa really when bulldozer comes, folks got nowhere to run. STI 3250 better steady.

Gold spot down 2% this afternoon, silver is a higher leverage cousin.

SnowCloud ( Date: 12-Nov-2010 16:15) Posted:

Anyone planning to buy in ? Or still waiting ..?

took a small bite at 2.12. Purely bargain hunting. can easily hold long term

If market continues to decline, i am buying more

IMO The value proposition is solid provided you are not in it for the short term

Tks for sharing on TA. You are right that one should wait for confirmation before buying. Write this down and stick in front of my computer to remind myself.

Just like to seek your opinion on Genting TA

from the chart, I see 2.12 as a key resistance turn support. I think it is safe to buy some if today close above 2.12, ie this bull run from 1.86 is not over till the it hits the TP of 2.44 from breakout of flag formation.

RSI is around 60% , which is not at oversold region.

Tks in advance.

Leinadgnow ( Date: 12-Nov-2010 15:30) Posted:

hey bullish .. i'm not bearish neither am i a headless chicken running about.. i'm just saying that people needs to know what they are doing and their game plan... it's not like you can just buy or sell base on market predicitons.. i have never ever to give up investing or speculating.. neither have i ever said that it's negative or a downside.. im just telling people to not average down as of the moment yet and wait for it to stablize and for a confirmation sign before going in once again... Averaging down now is suicide cause there's no confimration of bottom yet...

Also, i have quite alot of respect for you and your tips as well as arguments... i'm in smu and my friends have made over 300k - 400k in 3 years investing.. i'm close to over 300% increase in my portfolio as well... i'm just telling the people here to wait for confirmation and not base solely on tips or analyst ratings.. do their own research... and do their own charting.... because by the time the bb come out with report u have time lag.. and u miss the boat.. plan ahead..

Anyway that aside, genting price drop below MA20 already.. reversal should be in place after the G-20 and market consolidation... Mid of bollingerband and MA20 the same level as of yesterday 11/11/10 ... today it fell below MA20.... meaning to say if market correction is over and price climb, can average down and buy up on monday or tuesday as it will slowly climb back to the level of the MA20 and peak again.. as long as it is a higher high and higher lows.. it should be fine base on investing. I'm just trying to tell those who are already in deep shit buying at 2.28 or 2.3 and now thinking of averaging down... don't do it yet.. wait for CONFIRMATION and not hope....

That aside.. i hope to talk to you more about shares and investing as i'm only 21 years old and have been in the market for only 4 years as compared to many old veterans here. I've said once again.. sorry for spamming your thread and i hardly post alot.. it's just i've been reading genting threads lately and i know how painful it must be for those people who bought so high and see it fall ... and do stupid things in desperation :D cheerios.

I will buy at 2.07 la.. think volume today will be the highest at 400mil...

epliew ( Date: 12-Nov-2010 16:17) Posted:

buy, waiting for ma 20 to break.

SnowCloud ( Date: 12-Nov-2010 16:15) Posted:

Anyone planning to buy in ? Or still waiting ..?

buy, waiting for ma 20 to break.

SnowCloud ( Date: 12-Nov-2010 16:15) Posted:

Anyone planning to buy in ? Or still waiting ..?

Login Register

Traders Lounge - Daily opportunities for everyone