Genting Sing    Last:0.715    -0.025

GenSp starts to move up again

U seldon hear ppl win money at casino but very often

hear ppl lose their hard-earned  money. Any study done

on the percentage of losers against winners.

 

iPunter      ( Date: 24-Aug-2012 09:51) Posted: Since the casinos opening, many local people tried to win some money to tide them over hard times.   But now it seems many were disappointed, so that's why we see less people taking that route nowadays.         Morover casinos are a very competitive business with many casinos being opened in many places.... Hawkeye      ( Date: 24-Aug-2012 09:41) Posted: GenSp sure pengsan this year. When tourist arrival report come out says drop, Gensp drop. 3Q12 lock in Western Zone depreciation, maybe GenSp net profit less than 50mil. Now business in RWS looks like holiday chalet, weekend have people, weekday like ghost town. Gensp better look for better investment to increase net profit or not share price will go back to 50cts

 

Yesterday's very high volume shows many of big boys have bought at high prices...

    Many of them will be getting out (ie.distributing) in small batches ...

          therefore there will be no sudden big drop but but an orderly weakening ... 

wesely2k      ( Date: 24-Aug-2012 09:51) Posted: Mad Horse is  still standing strong at $1.375

 

This mad horse still not in overbought region. may still go up abit before correction.

 

Mad Horse is  still standing strong at $1.375

 

Since the casinos opening, many local people tried to win some money to tide them over hard times.

  But now it seems many were disappointed, so that's why we see less people taking that route nowadays.

        Morover casinos are a very competitive business with many casinos being opened in many places....

Hawkeye      ( Date: 24-Aug-2012 09:41) Posted: GenSp sure pengsan this year. When tourist arrival report come out says drop, Gensp drop. 3Q12 lock in Western Zone depreciation, maybe GenSp net profit less than 50mil. Now business in RWS looks like holiday chalet, weekend have people, weekday like ghost town. Gensp better look for better investment to increase net profit or not share price will go back to 50cts. iPunter      ( Date: 24-Aug-2012 06:58) Posted: Since the Dow closed rather " pengsan" this morning, it may be a meaty trade for all those who entered yesterday...

 

GenSp sure pengsan this year. When tourist arrival report come out says drop, Gensp drop.

3Q12 lock in Western Zone depreciation, maybe GenSp net profit less than 50mil.

Now business in RWS looks like holiday chalet, weekend have people, weekday like ghost town.

Gensp better look for better investment to increase net profit or not share price will go back to 50cts.

iPunter      ( Date: 24-Aug-2012 06:58) Posted: Since the Dow closed rather " pengsan" this morning, it may be a meaty trade for all those who entered yesterday... KepcorpSembmar      ( Date: 24-Aug-2012 02:02) Posted: failed to break resistance at $1.40 , back down   to $1.22 next week .

 

Since the Dow closed rather " pengsan" this morning, it may be a meaty trade for all those who entered yesterday...

KepcorpSembmar      ( Date: 24-Aug-2012 02:02) Posted: failed to break resistance at $1.40 , back down   to $1.22 next week .

 

failed to break resistance at $1.40 , back down   to $1.22 next week .

 

Can enter if it retraces slowly back to $1.31....

 

yea this one move up too much today. its like 4.5 cents ahead of noble .Too eerily suspicious 1.35 i will still hold but jump to 1.39 ? another story.

iPunter      ( Date: 23-Aug-2012 22:04) Posted: Ripe for taking money off the table...  JustinQuek      ( Date: 23-Aug-2012 19:06) Posted: This counter I think only this time not confident. Overshooted today. I always compare this counter to noble if gap is more than 10 cents wide. Feels overstretched at the moment.    Sold! to a  satisfied  buyer at 1.385

 

Ripe for taking money off the table... 

JustinQuek      ( Date: 23-Aug-2012 19:06) Posted: This counter I think only this time not confident. Overshooted today. I always compare this counter to noble if gap is more than 10 cents wide. Feels overstretched at the moment.    Sold! to a  satisfied  buyer at 1.385

 

This counter I think only this time not confident. Overshooted today. I always compare this counter to noble if gap is more than 10 cents wide. Feels overstretched at the moment. 

 

Sold! to a  satisfied  buyer at 1.385 

 

I am playing a couple of counters, but I  treat stocks strictly as a betting game,

    although many disagree that stocks is betting but believe that the market is a merciful beast... lol...  

chartreader      ( Date: 23-Aug-2012 18:26) Posted: Bro iPunter, I'm not sifu lah .... are you punting anything at the moment?

 

Bro iPunter, I'm not sifu lah .... are you punting anything at the moment?

 

Sifu is right... Often, the overshoots are caused by those who overwhelmed in the buying frenzy ('ganjiong')...      


         

chartreader      ( Date: 23-Aug-2012 16:31) Posted: In my limited experience, the best way to use support and resistance is not by their absolute value, but by treating them as an " area" where buying will overwhelm selling or vice versa. If we treat 1.42-1.46 as an " area" , the buying can possibly overshoot to above 1.46, but the absolute value becomes less important. The more important is how the price will re-act upon reaching the support/resistance area, whether the buying or selling will overwhelm the current up or down trend cashiertan      ( Date: 23-Aug-2012 16:03) Posted: agree. since i missed today rally guess the next best move will to wait for it to retrace. however i personally think 1.42 is not really a strong resistance

 

Today just closed above the 100ma since 10May  and 20ma turning up too=> showing nascent  signs of some bullishness, need to sustain ~$1.35 and above for 100ma to turn up too... But the reckoning is the 2-year strong resistance/support at the ~$1.46-$1.48 region...

 

We will be able to assess better when it really moves into the area. As of now, it seems to " weaken" as it approach the area. But one sample of event is never good enough though. The more the better. What I mean - I want to see how the sellers re-act when Genting SP is testing this area not only 1 occasion, but in multiple occasions. It will show if there is persistent sellers that are " likely" to overwhelm the buying.

cashiertan      ( Date: 23-Aug-2012 16:40) Posted: yes i mean the 1.42- 1.46 region which u mentioned are not really that strong resistance to me. if the momentum is right, those region will be cleared easily within a day or a week. tell me, which is more difficult for BB to make it happen? a reversal or a resistance? chartreader      ( Date: 23-Aug-2012 16:31) Posted: In my limited experience, the best way to use support and resistance is not by their absolute value, but by treating them as an " area" where buying will overwhelm selling or vice versa. If we treat 1.42-1.46 as an " area" , the buying can possibly overshoot to above 1.46, but the absolute value becomes less important. The more important is how the price will re-act upon reaching the support/resistance area, whether the buying or selling will overwhelm the current up or down tren

 

yes i mean the 1.42- 1.46 region which u mentioned are not really that strong resistance to me. if the momentum is right, those region will be cleared easily within a day or a week. tell me, which is more difficult for BB to make it happen? a reversal or a resistance?

chartreader      ( Date: 23-Aug-2012 16:31) Posted: In my limited experience, the best way to use support and resistance is not by their absolute value, but by treating them as an " area" where buying will overwhelm selling or vice versa. If we treat 1.42-1.46 as an " area" , the buying can possibly overshoot to above 1.46, but the absolute value becomes less important. The more important is how the price will re-act upon reaching the support/resistance area, whether the buying or selling will overwhelm the current up or down trend cashiertan      ( Date: 23-Aug-2012 16:03) Posted: agree. since i missed today rally guess the next best move will to wait for it to retrace. however i personally think 1.42 is not really a strong resistance

 

In my limited experience, the best way to use support and resistance is not by their absolute value, but by treating them as an " area" where buying will overwhelm selling or vice versa. If we treat 1.42-1.46 as an " area" , the buying can possibly overshoot to above 1.46, but the absolute value becomes less important. The more important is how the price will re-act upon reaching the support/resistance area, whether the buying or selling will overwhelm the current up or down trend

cashiertan      ( Date: 23-Aug-2012 16:03) Posted: agree. since i missed today rally guess the next best move will to wait for it to retrace. however i personally think 1.42 is not really a strong resistance. chartreader      ( Date: 23-Aug-2012 14:24) Posted: Genting SP is approaching support turn resistance area 1.42-1.46. Observing reaction in this area will give a good clue where it will head next.

 

agree. since i missed today rally guess the next best move will to wait for it to retrace. however i personally think 1.42 is not really a strong resistance.

chartreader      ( Date: 23-Aug-2012 14:24) Posted: Genting SP is approaching support turn resistance area 1.42-1.46. Observing reaction in this area will give a good clue where it will head next.