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If you say you are a novice, I am surprised
that you have been averaging down a couple of times.
A novice must never, never play the averaging game.
Averaging is
only for very rich people eg. Warren Buffet.
For the rest of us, it is not realistic to act like a Warren Buffet... lol...
parimas8 ( Date: 19-Aug-2011 11:30) Posted:
i have multiple short positions from 1.720, 1.665, 1.610.
but looking at the 'celestial' charts, it looks set to bounce up. thats why i have covered some this morning, albeit a bit quick on the hands (1.595). at least it covered my 1.610 shorts. i m a novice and was too worried for a sudden big-swallow by lim familee back to 1.61 & above.
but nvm. i've just long some at 1.580. will let go at 1.595.
forgot2bme ( Date: 19-Aug-2011 11:08) Posted:
| I agree Sifu.. Will trade at $1.48 for a technical rebound and reassess the global economic situation.. Who knows.. By then QE3 can be pumped in and Eurobonds can spark a short term bull rally.. |
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Genting SP is no longer a good counter to hold.
It's in the down trend already.
Even if it bounce up, I don't see it bounce very high.
But, I'm expecting it to fall further.
I'm not surprise to see it hitting $1.20 by year end.
parimas8 ( Date: 19-Aug-2011 11:30) Posted:
i have multiple short positions from 1.720, 1.665, 1.610.
but looking at the 'celestial' charts, it looks set to bounce up. thats why i have covered some this morning, albeit a bit quick on the hands (1.595). at least it covered my 1.610 shorts. i m a novice and was too worried for a sudden big-swallow by lim familee back to 1.61 & above.
but nvm. i've just long some at 1.580. will let go at 1.595.
forgot2bme ( Date: 19-Aug-2011 11:08) Posted:
| I agree Sifu.. Will trade at $1.48 for a technical rebound and reassess the global economic situation.. Who knows.. By then QE3 can be pumped in and Eurobonds can spark a short term bull rally.. |
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target 1.5
For sharing.A reply post to one of a forumers in CNA market talk as follow:
stanleysti wrote: haha take ringgit come support sing dollar 
how to support mancitigold wrote:From Genting Berhad recent purchase of 9.6 million & 1.9 million of GenSP shares had convince me that they don't lack the financial strength .But the question here is why did they bought in so many of its shares?and from yesterday SGX announcement ,they bought in another 6.5 million of GenSP shares at around $1.6x range p/s which is quite recently.
I don't think they are trying to support the price , which is futile to do so due to current market sentiment.Why will they dump so much money to support if GenSP business is not able to generate good returns.I believe they see great prospects in Singapore Casino business and junket approval will be coming soon.
Again in depression or recession times, Casino will be making big bucks and will continue to earn more money even during down time.From Macau's Casino revenue as shown below will further affirm that
FY 2008 US $13.5 billion
FY 2009 US $14.9 billion
FY 2010 US $23.5 billion
From above we can see how junket operators can bring huge revenue to Casino business in Macau and during crisis ,the business is not affected instead it grow bigger .Of course u can say this is Singapore and not Macau and this kind of revenue will not be achieved in Singapore but again i have to say this is a business for the rich and the end result will be very surprising for many.
i have multiple short positions from 1.720, 1.665, 1.610.
but looking at the 'celestial' charts, it looks set to bounce up. thats why i have covered some this morning, albeit a bit quick on the hands (1.595). at least it covered my 1.610 shorts. i m a novice and was too worried for a sudden big-swallow by lim familee back to 1.61 & above.
but nvm. i've just long some at 1.580. will let go at 1.595.
forgot2bme ( Date: 19-Aug-2011 11:08) Posted:
I agree Sifu.. Will trade at $1.48 for a technical rebound and reassess the global economic situation.. Who knows.. By then QE3 can be pumped in and Eurobonds can spark a short term bull rally..
iPunter ( Date: 19-Aug-2011 09:42) Posted:
By the look of things 1.48 may be expenseive too... but it is a good bet too...
Just remember to plan your cut-loss point beforehand...
The next point to enter could be 1.28... 
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I agree Sifu.. Will trade at $1.48 for a technical rebound and reassess the global economic situation.. Who knows.. By then QE3 can be pumped in and Eurobonds can spark a short term bull rally..
iPunter ( Date: 19-Aug-2011 09:42) Posted:
By the look of things 1.48 may be expenseive too... but it is a good bet too...
Just remember to plan your cut-loss point beforehand...
The next point to enter could be 1.28...
forgot2bme ( Date: 19-Aug-2011 09:37) Posted:
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But when people see "
lao sai " they will buy instead of sell...
Humans are always trying to be smarter than the stock market... lol...
sinetic8 ( Date: 19-Aug-2011 10:52) Posted:
let shortists take profit. then sti will likely decline again. predict will see more drop in the afternoon. hsi and nikkei diarrhoea at the moment.
once the short selling ban in europe is over, sure dead. Next thursday will be the first day WITHOUT the ban. Now europe shorting futures as its not part of the ban.Europe banks also borrowing more from ECB signals something is not right with the health of their banks. US economy slows down. Big companies instead of hiring but lay off more staffs.
Be wary! Cut some loss and enter when its lower next week. my 2 cents.
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Friday: 19 AUGUST 2011 OPENING
| 08:59:03 |
1.600 |
5,000 |
B |
| 08:59:03 |
1.600 |
2,000 |
B |
| 08:35:14 |
1.647 |
500,000 |
M |
He would probably bought more last night when Dow is -400plus points?
pharoah88 ( Date: 18-Aug-2011 13:31) Posted:
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let shortists take profit. then sti will likely decline again. predict will see more drop in the afternoon. hsi and nikkei diarrhoea at the moment.
once the short selling ban in europe is over, sure dead. Next thursday will be the first day WITHOUT the ban. Now europe shorting futures as its not part of the ban.Europe banks also borrowing more from ECB signals something is not right with the health of their banks. US economy slows down. Big companies instead of hiring but lay off more staffs.
Be wary! Cut some loss and enter when its lower next week. my 2 cents.
High chance, plus its coming to weekend, ppl will tends to hold back from getting into the market, especially with the current global situation.
sinetic8 ( Date: 19-Aug-2011 09:24) Posted:
with the current economy factors, I think it will continue to decline tonight in US as there's no economic news to spike any rally.. US ppl also wish to cut loss early and not bringing into the market. good luck traders!
iPunter ( Date: 19-Aug-2011 09:16) Posted:
It is not only the the " uncles and aunties" ... In fact in this long downtrend,
many sophisticated and educated people are starting to shiver
because they have bought very high...
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By the look of things
1.48 may be expenseive too... but it is a good bet too...
Just remember to plan your cut-loss point beforehand...
The next point to enter could be
1.28...
forgot2bme ( Date: 19-Aug-2011 09:37) Posted:
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Waiting at $1.48..
It did fly for a moment ,but stopped at 1.95.Genting Berhad bought in another 6.5m of GenSP of shares from the open market.Current market sentiment is not good ,so trade safe.
stoheart72 ( Date: 18-Aug-2011 15:35) Posted:
As I mentioned earlier, the bigger investors will be taking this opportunity to buy in and wait while watching it raise. I wont know if this news will really be able to make gsp fly, considering the current global market, however, it definately show signs that internally, they had their confidence with this share.
pharoah88 ( Date: 18-Aug-2011 13:01) Posted:
Citigold ( Date: 28-Jul-2011 19:47) Posted:
Genting Berhad bought in 1,900,000 ordinary shares in GenSp from the open market.Can see this stock start to fly soon
pharoah88 ( Date: 18-Aug-2011 13:01) Posted:
Citigold ( Date: 28-Jul-2011 19:47) Posted:
Genting Berhad bought in 1,900,000 ordinary shares in GenSp from the open market.Can see this stock start to fly soon
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Sifu is right...Just like anywhere else, in the USA, there are also many many " uncles and aunties" who are bullish when they should be bearish... It happens everywhere in the whole world... same same... lol... sinetic8 ( Date: 19-Aug-2011 09:24) Posted:
with the current economy factors, I think it will continue to decline tonight in US as there's no economic news to spike any rally.. US ppl also wish to cut loss early and not bringing into the market. good luck traders!
iPunter ( Date: 19-Aug-2011 09:16) Posted:
It is not only the the " uncles and aunties" ... In fact in this long downtrend,
many sophisticated and educated people are starting to shiver
because they have bought very high...
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" bo pian" (can't be help ) this stock is consider mkt
favourite. No fundamentals at all but everybody hope
that the share price will shoot up high. They are buying
for the future, maybe to keep for their grandchildren. iPunter ( Date: 19-Aug-2011 09:16) Posted:
It is not only the the " uncles and aunties" ... In fact in this long downtrend,
many sophisticated and educated people are starting to shiver
because they have bought very high...
AnthonyTan ( Date: 19-Aug-2011 09:10) Posted:
Buy high and sell low,hahaha. Uncles and aunties are
selling now. |
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with the current economy factors, I think it will continue to decline tonight in US as there's no economic news to spike any rally.. US ppl also wish to cut loss early and not bringing into the market. good luck traders! iPunter ( Date: 19-Aug-2011 09:16) Posted:
It is not only the the " uncles and aunties" ... In fact in this long downtrend,
many sophisticated and educated people are starting to shiver
because they have bought very high...
AnthonyTan ( Date: 19-Aug-2011 09:10) Posted:
Buy high and sell low,hahaha. Uncles and aunties are
selling now. |
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It is not only the the " uncles and aunties" ... In fact in this long downtrend, many sophisticated and educated people are starting to shiver because they have bought very high... AnthonyTan ( Date: 19-Aug-2011 09:10) Posted:
Buy high and sell low,hahaha. Uncles and aunties are
selling now. |
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Buy high and sell low,hahaha. Uncles and aunties are
selling now.
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