Genting Sing    Last:0.755    +0.005

GenSp starts to move up again

H-H comparison is not accurate. RWS commenced after CNY last year.

 

Looking at the results, Qtr to Qtr all figures are down.   Looking at the halfyear to halfyear results, all figures are up with considerable improvements.   So do you sell or do you buy? We must estimate the big picture and I think that is important. Market will be confused for sure.

 

It is commonly thought that all skillful traders must

      be very rich...  Now, this is a complete myth.

            The most skillful stock bettors are most skilful

                    in avoiding big losses. In doing so, they can

                            survive long in the market. However, too often,

                                    many skilled traders ironically end up losing bigly,

                                            not because they lost their skills, but simply

                                                      because they are human...            

 

 

It may be referring to you some day... who believes in averaging .

          I do not average down, not a single occasion,

                    Thus will not be rich in stocks betting ... lol...

                            Those who make a killing in stocks are

                                  those who average heavily...

louis001      ( Date: 12-Aug-2011 23:58) Posted: iPunter sifu with good trading skills, must be one of the many many who are becoming very very rich in stocks ...   iPunter      ( Date: 12-Aug-2011 23:49) Posted: In a bull market, the reverse happens...     People will average up. Those who have made             money will become more and more confident as                   they see their big profits keep on increasing                             month after month. Then they become very                                   assured of their good trading skills. Since                                           everyone also thinks that prices can soar                                                 higher, many will casually " mau" big-big so                                                       as to make a good killling. And many                                                               become very very rich in stocks...

 

iPunter sifu with good trading skills, must be one of the many many who are becoming very very rich in stocks ...

 

iPunter      ( Date: 12-Aug-2011 23:49) Posted: In a bull market, the reverse happens...     People will average up. Those who have made             money will become more and more confident as                   they see their big profits keep on increasing                             month after month. Then they become very                                   assured of their good trading skills. Since                                           everyone also thinks that prices can soar                                                 higher, many will casually " mau" big-big so                                                       as to make a good killling. And many                                                               become very very rich in stocks...

 

In a bull market, the reverse happens...

    People will average up. Those who have made

            money will become more and more confident as

                  they see their big profits keep on increasing

                            month after month. Then they become very

                                  assured of their good trading skills. Since

                                          everyone also thinks that prices can soar

                                                higher, many will casually " mau" big-big so

                                                      as to make a good killling. And many

                                                              become very very rich in stocks...           

 

you are right, these guys only buy 2-3 times, use only part of the money..did not all show hand..it's their money to spend and keep...they said only greedy people will pump all in..

they did know that the crisis downtrend will end one day..STI will recover one day...so they waited very patiently for many months...slowly...prices recover higher.....

humm..DOW 11311..up 168pts now... hope everyone make some money out of this crisis

tanweechong      ( Date: 12-Aug-2011 23:16) Posted: average down  once or twice is fine....once average down more than 3 times,.....see stars flying in the sky... if your money all show hand average down even with  solid company.....the fear will eventually come to ask you to cut loss...........if still fearless, then you still got money...:):) This is based on my  experience...:):)...hope everyone win money out of this difficult time!!!!!!!!!!

 

Average down is a painful lesson that I have learnt  and paid a very high price.......

I think avearge down can only work in a bull run (2009 to 2010 after financial crisis)......In a difficult time like now....short  & cut loss is the  best option to

protect your captial....if not game over very fast

iPunter      ( Date: 12-Aug-2011 23:22) Posted: You are right...     Only people with experience can talk sense.         Averaging down can send people to their grave...                  The real problem is no one knows when a                               downtrend will end...  tanweechong      ( Date: 12-Aug-2011 23:16) Posted: average down  once or twice is fine....once average down more than 3 times,.....see stars flying in the sky... if your money all show hand average down even with  solid company.....the fear will eventually come to ask you to cut loss...........if still fearless, then you still got money...:):) This is based on my  experience...:):)...hope everyone win money out of this difficult time!!!!!!!!!!

 

You are right...

    Only people with experience can talk sense.

        Averaging down can send people to their grave... 


                The real problem is no one knows when a

                              downtrend will end... 

tanweechong      ( Date: 12-Aug-2011 23:16) Posted: average down  once or twice is fine....once average down more than 3 times,.....see stars flying in the sky... if your money all show hand average down even with  solid company.....the fear will eventually come to ask you to cut loss...........if still fearless, then you still got money...:):) This is based on my  experience...:):)...hope everyone win money out of this difficult time!!!!!!!!!!

 

forget to say these guys are not rich, just bought about 5-lot, 10-lot, 20-lot,,,it's their own money to spend and keep,,,

and they waited for many months too.... than let go at much higher price and make very good money, very happy liao...this remind me of one Chinese word 危 机 ， opportunity in crisis...again, it all depend on individual risk appetite ...

louis001      ( Date: 12-Aug-2011 22:41) Posted: averaging down ...yes and no..it all depend.. yes if it is a solid good company, and if you are prepare to hold, it will come back higher again one day...that's how some investors here picked up bargains like Noble(< $1), DBS($< 10), SembMarine(< $2) OSIM(< 50c) CapLand(< $2) etc..at low prices at different intervals during the Lehman crisis ....cheap cheap yet people then were so scared to buy.

 

average down  once or twice is fine....once average down more than 3 times,.....see stars flying in the sky...

if your money all show hand average down even with  solid company.....the fear will eventually come to ask you to cut loss...........if still fearless, then you still got money...:):)

This is based on my  experience...:):)...hope everyone win money out of this difficult time!!!!!!!!!!

 

In theory, and on the surface,  it always sounds good...

    In practice, if one buys stocks and they fall, one is already

            losing money. And it is no joke to have lost money. This is

                    especially so for those who bought stocks when many

                                people are buying stocks, ie. they bought at high prices

                                          and their stocks kept falling like sheet for months

                                                  and months on end (month after month) .

                                                          As the months pass, and losses become bigger

                                                                and bigger, the urge to fight the market becomes

                                                                        even stronger, hence they average down aggressively

                                                                                  even when they can't afford it. Thus, one has to consider


                                                                                            the practical day-to-day reality of playing stocks

                                                                                              rather than propound a possibly misleading

                                                                                                    or theoretical view of reality...

louis001      ( Date: 12-Aug-2011 22:41) Posted: averaging down ...yes and no..it all depend.. yes if it is a solid good company, and if you are prepare to hold, it will come back higher again one day...that's how some investors here picked up bargains like Noble(< $1), DBS($< 10), SembMarine(< $2) OSIM(< 50c) CapLand(< $2) etc..at low prices at different intervals during the Lehman crisis ....cheap cheap yet people then were so scared to buy.

 

 

If people keep on thinking they are as rich as Warren Buffet

    (which they are not) and keep on averaging down

            while singing the fundamentals tune, they will only

                  have themselves to blame if they have to meet

                          their grave when they are wiped out...

 

buy 1 lot every week ? :P

iPunter      ( Date: 12-Aug-2011 22:02) Posted: Like I said before, averaging down is a game for     rich people who have a lot of money to keep on             buying and buying even till the bottom.                       The problem is not everyone is as rich as that ..                                 And it is these people which I am referring to.                                           In a prolonged bear downtrend, they will be                                                   wiped out, and be incapable of                                                           investing ever again...  rotijai      ( Date: 12-Aug-2011 21:47) Posted: master ipunter.. SOMEHOW... warrenbuffet falls into this category nowadays.. see how bullish he is recently.

 

Like I said before, averaging down is a game for

    rich people who have a lot of money to keep on

            buying and buying even till the bottom.

                      The problem is not everyone is as rich as that ..

                                And it is these people which I am referring to.

                                          In a prolonged bear downtrend, they will be

                                                  wiped out, and be incapable of

                                                          investing ever again... 

rotijai      ( Date: 12-Aug-2011 21:47) Posted: master ipunter.. SOMEHOW... warrenbuffet falls into this category nowadays.. see how bullish he is recently.. iPunter      ( Date: 12-Aug-2011 21:34) Posted: It is normal for bullish people to continuing singing the         fundamentals tune as a stock keeps on falling and falling.             And they never give up even till the bottom.                          That is what I call resilience...

 

master ipunter..

SOMEHOW... warrenbuffet falls into this category nowadays.. see how bullish he is recently..

iPunter      ( Date: 12-Aug-2011 21:34) Posted: It is normal for bullish people to continuing singing the         fundamentals tune as a stock keeps on falling and falling.             And they never give up even till the bottom.                          That is what I call resilience...

 

Both result are about in that region ,the wins rate of the high rollers will make a big difference.

bigmoney      ( Date: 12-Aug-2011 21:19) Posted: Don't you find that whenever MBS quarter result is good, Genting will always be the opposite

 

master gaecia, unless dow jones ends very red tonight.. or smth bad happens over the weekend..

this is gsp, not cosco or ezra..

dont mislead some forumers cause it might actually encourage them to naked short :)

i really doubt it will drop 20 cents like cosco

Gaecia      ( Date: 12-Aug-2011 19:26) Posted: I repeat, come Monday the whole town will be shorting this burger just like Cosco. GSP,  you are a  bad monster -  always tricking people.

 

It is normal for bullish people to continuing singing the

        fundamentals tune as a stock keeps on falling and falling.

            And they never give up even till the bottom. 

                        That is what I call resilience...