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Did you managed to get it at 2.1 ?

Greenbean      ( Date: 12-Nov-2010 14:52) Posted: Me too.  Que 2.10 and 2.01 for average down. kekeke. Good luck to you and I. Why nobody mention which stocks good to pick up at low.  SembCorp? SembMar? OCBC? SGX? Icymilo      ( Date: 12-Nov-2010 14:29) Posted: Que to buy at 2.1 now, wish my luck

 

Me too.  Que 2.10 and 2.01 for average down. kekeke. Good luck to you and I.

Why nobody mention which stocks good to pick up at low.  SembCorp? SembMar? OCBC? SGX?

Icymilo      ( Date: 12-Nov-2010 14:29) Posted: Que to buy at 2.1 now, wish my luck

 

 

Genting Singapore slumps as earnings ‘disappoint’

Tags: Genting Singapore Plc | JP Morgan Chase & Co

WRITTEN BY BLOOMBERG

FRIDAY, 12 NOVEMBER 2010 14:32

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Genting Singapore Plc, operator of one of two casinos in the city-state, fell the most in 14 months after the company posted third-quarter earnings that missed analyst estimates. Genting declined as much as 9.2%, the biggest intraday drop since Sept. 10, 2009, to $2.07 and traded at $2.12 as of 2:23 p.m. in Singapore. Parent Genting Bhd. fell 3.2% to 10.26 ringgit in Kuala Lumpur.   The earnings “slightly disappointed,” JPMorgan Chase & Co. analyst Kenneth Fong wrote in a note to clients today. Genting’s third-quarter earnings before interest, tax depreciation and amortization, or EBITDA, were $347 million, lower than the consensus estimate of $375 million, he said.   Genting yesterday posted third-quarter net income of $187.8 million, compared with $396.5 million in the previous three months and a net loss of $93.3 million a year earlier.   JPMorgan cut its recommendation to “neutral” from “overweight,” while RHB Capital Bhd. lowered its rating to “market perform” from “outperform.” CLSA Asia Pacific Markets maintained its “buy” rating, while reducing its share- price estimate to $2.85 from $3.   “We are conservatively trimming our EBITDA estimates by 2- 5% for 2011 through 2013,” CLSA analyst Aaron Fischer wrote in a note to clients today. “We expect some profit-taking today and would be strong buyers around the $2 level.”   Genting Singapore had climbed 78% as of yesterday’s close since reporting second-quarter profit on August 12, making the stock the best-performer this year among the 30 companies in the benchmark Straits Times Index.

 

http://www.freestockcharts.com/?gclid=CP-o-8PXmqUCFUQa6wodXFA_GA

 

Hey.. try searching online for free charting tools.. which will haveparabolic sar inside.. i'm using igmarkets. Mfglobal and My own paid charting tools..

 

Hi Leinadgnow, just wondering where can I see the "Parabolic SAR"? I'm using OCBC securities but it seems like they do not have this technical indicator.. 

Is there any other website or platform that shows this technical indicator?

Thanks yah!

 

For a trader who plays on contra or margin.. never average down because it's not worth it for u .. for a long term investor.. averaging down knowing that the tp and actual price is way higer is a good move because he can pay off his shares as well as hold it at te average price to god knows forever when .. but we dun have that luxury .. we play on contra.. on margin.. averaging down is just (my opinion) plain stupid....

You have to know if you are a trader or an investor.. or just gambling.. if you are a trader.. think like one.. act like one.. and behave like one.. if you are an investor.. then act the way investors should.. warren buffett and George soros .. though both famous investors or Market gurus .. have different ways of playing.. you have to get that distinctive line absolutely clear..!! decide on what you want to be.. what you are .. and what is your risk appetite/ capability.. and act on it.. don't be stupid and gamble.. like that might as well got genting itself .. put ur money on blackjack table and hope dealer bust.

 

Oh and. .you forgot.. if you average down .. u have to pay coffee money or commission to your broker house.. meaning that's another 25 on your first losing trade.. 25 on ur second losing trade.. and if you get stop out and Fked .. another 25... (minimum) if u buy 10 lots that would be about 70 each way after taxes.. and after commission thats another $210 .. why would you wanna do that? So averaging down is dangerous in a downward market.. unless you are shorting of course :D 

 

hi guys, do read what i wrote just now on genting sp .... Sorry bullish tempo for spamming ur thread.. i just want to keep them inform so they wouldnt continue to average down .. NEVER AVERAGE DOWN .. if you are losing money in the stock market.. and you average down in a falling market... then isn't it like throwing good money into a bad streak? It's GAMBLING!!! Let's say you buy at10 lots 2.2 .. then now drop to 2.1 u lost about 0.1 or about more then 5% already ... then you average another 10 lots at 2.1 .. so now ur buy price is 2.15 at 20000 lots.. you 2.15-2.10 = 0.05 x 20000 = 1k ..... 0.1x10000= 1k still.. ur risk exposure is much higher when u average down .. think about it this way.. If it rises to 2.12 , Your average price is at 2.15 ... 0.03x 20000= 600 .... Or ... Average price 2.2 - 2.12 (0.08x10000 = 800) you might not make back 200 dollars if it goes up.... HOWEVER.... think about it this way... wat if the price goes down somemore in a bear market as well as a downward trend? Let's say it closes at 2.08 the next support .... 2.15-2.08 = 0.07 x 20000 = 1.4k .... or 2.2-2.08 = 1.2x 10000= 1.2k .. YOU SAVE 200!!! in a downward trend.. and in a downward bear market with no bottom or support in sight as well as uncertainty, AVERAGING DOWN IS THROWING GOOD MONEY INTO A GAMBLING POT.. so .. yeah.. read my post please... 

 



RSI and Stochastics indicates a huge sell down trend. Good luck to those who bought genting at the high . Hang in tight.. if you contra-ed and ur T day is by today/ monday .. i suggest you get out now and put a stop loss price at about 2.12..  2.12 and 2.13 are the closest support.. so once breached.. gg.unless BB comes in to place a new support.


 

 Goods new though .. Parabolic SAR indicates that it is still on the uptrend.. halfway point between falling prices and parabolic sar is about 2.259. For those who decide to enter the market, 2.10 may be a good price and the tp for you should be 2.25 or 2.26 in the near future. Please chart it yourself and read the news and keep urself updated.. i'm not trying to give you tips whatsoever.. i just merely state  facts and finding the path of least resistance. Buy or sell it is ultimately still your conviction. Please do your planning carefully and don't chase ... plan for the future and/or the next rebound. The risk/rewards ratio for you to earn that few spread as compared to a major meltdown is not worth it.....


 

 Disclaimer* i am neither a certified consultant nor a financial advisor. My views are based on my own knowledge and experience accumulated after countless of hours of trading and reading. Decision to buy or sell should be solely base on your own purchasing power and risk appetitte as well as your convictions. Please use the facts wisely and trade soundly :D cheerios

 

Que to buy at 2.1 now, wish my luck

 

Eh..how you covered ur 50 bucks ? Btw..do you plan to re-enter to average down ?

cannotfind      ( Date: 12-Nov-2010 14:21) Posted: I want to earn back my $50 loss... kekeke which already earned bladez87      ( Date: 12-Nov-2010 14:19) Posted: cannotfind!  just cause you jumped in 100 lots GAR at a high position, doesnt mean you need to short once you decide to bail right! waa piang.

 

If you have holding power, this would be a fair price. Then again..no one knows when the unpredictable BBs might come in.

funtrading      ( Date: 12-Nov-2010 14:21) Posted: oh no, sg is still dropping ... Experts, what do you think of re-entering at 2.11 now ?

 

waa sian, i should have kept my queue at 2.12 and not raise it to 2.15 for genting sp just now. now 2.15 tio filled and it dropped to 2.11.

cannotfind      ( Date: 12-Nov-2010 14:21) Posted: I want to earn back my $50 loss... kekeke which already earned bladez87      ( Date: 12-Nov-2010 14:19) Posted: cannotfind!  just cause you jumped in 100 lots GAR at a high position, doesnt mean you need to short once you decide to bail right! waa piang.

 

Will still be in Bull Market?

BullishTempo      ( Date: 12-Nov-2010 14:08) Posted: Still no support for STI. May go as low as 3215. Now at 3227

 

oh no, sg is still dropping ...

Experts, what do you think of re-entering at 2.11 now ?

 

I want to earn back my $50 loss... kekeke which already earned

bladez87      ( Date: 12-Nov-2010 14:19) Posted: cannotfind!  just cause you jumped in 100 lots GAR at a high position, doesnt mean you need to short once you decide to bail right! waa piang.

 

I am not sure.. my first time shorting GAR at 0.75. But I have sent an email to them first and they replied this.

pharoah88      ( Date: 12-Nov-2010 14:13) Posted: does  dbs vickers'  system  detects  client's  shorting  and  issues such a timely warning to client at the time of shorting ? cannotfind      ( Date: 12-Nov-2010 13:40) Posted: To all who want to short.... this is from DBS Vickers Dear Mr XXX, Due to the penalty imposed by CDP , please note that we do not encourage shorting. Client will have to buy back the shares on the same day and inform us by 5.30PM (on the same day) via our helpdesk if they were to short accidentally.

 

cannotfind!  just cause you jumped in 100 lots GAR at a high position, doesnt mean you need to short once you decide to bail right! waa piang.

 

Yeah. You said it.

watermelon      ( Date: 12-Nov-2010 14:10) Posted: For newbies like us , BETTER NOT , it's very RISKY !! Tropical      ( Date: 12-Nov-2010 14:02) Posted: Oic. Can be done this way when you dun hv the stk in-hand? But what happen if the stk keep rising and no drop? Sound risky ya.