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Genting Sing    Last:0.71    -0.005

GenSp starts to move up again

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chartreader
    03-Aug-2012 20:47  
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Entry price is very important ... very easy to get shaken out if entry is wrong. In the past, with lack of experience and greed I tend to enter on market price. It worked well during the bull market before the financial crisis. Everything I hit, mostly it made a profit due to the crazy bull market. But I quickly gave everything back when the bull was over.

Nowadays every time I enter a trade, I've always told myself that my number 1 priority is not to lose money and to protect my capital. Making profit is 2nd. If the price is not at a level I'm willing to pay, I'm happy to give it a pass. I only enter a trade when the price is giving me the opportunity to enter at the lowest possible risk.
 
 
iPunter
    03-Aug-2012 20:24  
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Very sad...  I missed my long @1.28 today by one click... 

    Low was 1.285...  but I am usually very strict with my orders... lol... Smiley


chartreader      ( Date: 03-Aug-2012 14:27) Posted:



covered short @ 1.285 for some coffee money ... long yanlord, golden agri

US and Asia seems to be holding up well and shrugging off the sell off in Europe yesterday.

 

iPunter      ( Date: 02-Aug-2012 22:26) Posted:

Tomorrow may be your chance...  Smiley


 
 
hello123
    03-Aug-2012 19:18  
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nice post   on genting sp -- got entry & exit prices   & time frame to play   & even what wrts to buy   , , all ahead of time       --      http://sgxswinger.blogspot.sg/
 

 
chartreader
    03-Aug-2012 14:27  
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covered short @ 1.285 for some coffee money ... long yanlord, golden agri

US and Asia seems to be holding up well and shrugging off the sell off in Europe yesterday.

 

iPunter      ( Date: 02-Aug-2012 22:26) Posted:

Tomorrow may be your chance...  Smiley

chartreader      ( Date: 02-Aug-2012 22:05) Posted:

Hope to cover my Genting short at a good price :-) ...


 
 
Sept11
    03-Aug-2012 12:09  
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Do u think Genting SP can sustain at current level?
 
 
TradeChancellor
    03-Aug-2012 10:35  
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genting might be steadying itself for a support at $1.29-$1.30 until the results are out
 

 
iPunter
    03-Aug-2012 08:22  
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Sifu is absolutely correct about that...

    In stocks, " cheap" is just a meaningless word.

          In stocks, people are buying and selling their own belief...  Smiley


edchai      ( Date: 03-Aug-2012 08:08) Posted:



nothing is cheap in stock market, people buy because they believe its value.

 

 
 
edchai
    03-Aug-2012 08:08  
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nothing is cheap in stock market, people buy because they believe its value.

 
 
 
iPunter
    03-Aug-2012 06:09  
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The concept of " cheap" is the most dangerous thing in stocks play, even for market veterans...

      This idea has caused many to go into deep depression, if not commit suicide... Smiley


 
 
iPunter
    03-Aug-2012 06:06  
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If that really happens, it could also be coinciding with something happening

    in the world at the same time, though it may not. But all in all,

        stock-betting is a dicey game for novices to play (" mo sng-sng" )...  Smiley

Zhiwei      ( Date: 02-Aug-2012 22:52) Posted:

WOW ...84 cent ...sell house sell car also must buy lor ...keke LOL

risktaker      ( Date: 02-Aug-2012 17:52) Posted:

If genting is making 1.2 cents per share half year eps is 3 cents ..... Let's give a rough estimate that 3rd quarter earnings is 1.3 cents and 4th quarter is 1.7 cents because of seasonal effects ..... Our full year eps is 6 cents.....
Trading at 1.20 is over 20x PE which makes this stock rather expensive .......
Genting sp may drop to 14-16x PE trading range soon..... Which is Around 84-96 cents...... Good luck ..... Within 6 months .....
That is why it seems our gambling sector has mature and seems to be slowing down..... So growth has reached its limit ...... RWS is looking for other opportunity .... To grow ..... That could explain why they are interested in echo .......

Good luck ...... Genting play is over at least for now.

Just my point of view.


 

 
Zhiwei
    02-Aug-2012 22:52  
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WOW ...84 cent ...sell house sell car also must buy lor ...keke LOL

risktaker      ( Date: 02-Aug-2012 17:52) Posted:

If genting is making 1.2 cents per share half year eps is 3 cents ..... Let's give a rough estimate that 3rd quarter earnings is 1.3 cents and 4th quarter is 1.7 cents because of seasonal effects ..... Our full year eps is 6 cents.....
Trading at 1.20 is over 20x PE which makes this stock rather expensive .......
Genting sp may drop to 14-16x PE trading range soon..... Which is Around 84-96 cents...... Good luck ..... Within 6 months .....
That is why it seems our gambling sector has mature and seems to be slowing down..... So growth has reached its limit ...... RWS is looking for other opportunity .... To grow ..... That could explain why they are interested in echo .......

Good luck ...... Genting play is over at least for now.

Just my point of view.

New123      ( Date: 02-Aug-2012 15:59) Posted:

Genting Sp may be attempting for a breakout at $1.325 soon


 
 
New123
    02-Aug-2012 22:36  
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Ok noted tks!

risktaker      ( Date: 02-Aug-2012 17:52) Posted:

If genting is making 1.2 cents per share half year eps is 3 cents ..... Let's give a rough estimate that 3rd quarter earnings is 1.3 cents and 4th quarter is 1.7 cents because of seasonal effects ..... Our full year eps is 6 cents.....
Trading at 1.20 is over 20x PE which makes this stock rather expensive .......
Genting sp may drop to 14-16x PE trading range soon..... Which is Around 84-96 cents...... Good luck ..... Within 6 months .....
That is why it seems our gambling sector has mature and seems to be slowing down..... So growth has reached its limit ...... RWS is looking for other opportunity .... To grow ..... That could explain why they are interested in echo .......

Good luck ...... Genting play is over at least for now.

Just my point of view.

New123      ( Date: 02-Aug-2012 15:59) Posted:

Genting Sp may be attempting for a breakout at $1.325 soon


 
 
xing78
    02-Aug-2012 22:28  
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Buy Buy Buy...
 
 
iPunter
    02-Aug-2012 22:26  
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Tomorrow may be your chance...  Smiley

chartreader      ( Date: 02-Aug-2012 22:05) Posted:

Hope to cover my Genting short at a good price :-) ....

iPunter      ( Date: 02-Aug-2012 22:02) Posted:

This kind of shock market action (Europe) is rather scary... and ominous... Smiley 


 
 
chartreader
    02-Aug-2012 22:05  
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Hope to cover my Genting short at a good price :-) ....

iPunter      ( Date: 02-Aug-2012 22:02) Posted:

This kind of shock market action (Europe) is rather scary... and ominous... Smiley 

 

 
star-trader
    02-Aug-2012 22:03  
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Definitely.. stock markets involved human emotion which I always mentioned many times at my blog http://star-trader.blogspot.sg , to my subscribers on the lesson I shared and even to the the  forum here..

If you have observed some of my old posting here, I will always mentioned   
"   ..exit when you reap  a profit and don't hold on till it falls below the price you bought when you feel the price can go higher.." This is called greed..
" ..plan your entry and exit price before entering a stock.." This is called planning..

Those resort to betting or luck  , I only believe laziness,want to earn quick money and stubborness to learn that will only happen to them. :)

Anyway, my personal view only..

Star-Trader

iPunter      ( Date: 01-Aug-2012 05:50) Posted:



Yes sifu, I totally agree on that... Stocks betting is all about mindset (human nature & experience).

    The stock market should be treated more as an educational arena, where one learns about the meaning of life.

        Practically every facet of being human existence can be represented and manifested in the stock market.

              Things Like loyalty and belief, ego and vanity, greed and generosity, joy and elation,

                    depression and misery, system and methodology... practically everything else in life... Smiley                     


warrenbegger      ( Date: 31-Jul-2012 22:59) Posted:



U right, but with so many years of exprience. I sometimes will also kanna bite once a while and thats can't be avoided.

A lots of times my feel had help me, but it also can go another stupid way. Maybe it not totally about the stock market, is all about the mindset.

*We always try to bets with the best chance and odds, ya, we always try to bets for the outcome in the end. Luck is still the factor that we wish for more :)


 
 
iPunter
    02-Aug-2012 22:02  
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This kind of shock market action (Europe) is rather scary... and ominous... Smiley 
 
 
chartreader
    02-Aug-2012 21:31  
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Europe index make a sudden sharp U turn from green to red ... Looks like the market pullback that I anticipate is about to happen 

New123      ( Date: 02-Aug-2012 15:59) Posted:

Genting Sp may be attempting for a breakout at $1.325 soon.

chartreader      ( Date: 02-Aug-2012 11:27) Posted:

Market seems to take a pause after a few days of run up, will be looking into covering my short when the market pull back in the next few days.


 
 
hello123
    02-Aug-2012 17:54  
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nice post   on genting sp entry & exit   --    http://sgxswinger.blogspot.sg/
 
 
risktaker
    02-Aug-2012 17:52  
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If genting is making 1.2 cents per share half year eps is 3 cents ..... Let's give a rough estimate that 3rd quarter earnings is 1.3 cents and 4th quarter is 1.7 cents because of seasonal effects ..... Our full year eps is 6 cents.....
Trading at 1.20 is over 20x PE which makes this stock rather expensive .......
Genting sp may drop to 14-16x PE trading range soon..... Which is Around 84-96 cents...... Good luck ..... Within 6 months .....
That is why it seems our gambling sector has mature and seems to be slowing down..... So growth has reached its limit ...... RWS is looking for other opportunity .... To grow ..... That could explain why they are interested in echo .......

Good luck ...... Genting play is over at least for now.

Just my point of view.

New123      ( Date: 02-Aug-2012 15:59) Posted:

Genting Sp may be attempting for a breakout at $1.325 soon.

chartreader      ( Date: 02-Aug-2012 11:27) Posted:

Market seems to take a pause after a few days of run up, will be looking into covering my short when the market pull back in the next few days.


 
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