Latest Forum Topics / Genting Sing Last:0.765 -0.005 | Post Reply |
GenSp starts to move up again
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Bopanha
Master |
11-Jun-2012 08:46
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Only if one can stick to one's plan and execute it.  Sometimes it is easier to plan than to execute.  Every body knows what is risk and seeks ways to avoid or lessen it while at the same time hope to make money with the so-called plan. But the question is why people are still losing.
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iPunter
Supreme |
11-Jun-2012 08:28
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Sifu's approach is good... I like...      It shows that he is a good trader in that he deals with the market (monster)         in an objective and detached manner ie. no ego needs to prove oneself right.                 Whereas the typical player usually has a great overwhelming personal need                     to prove himself right and the market wrong, be it being bullish or bearish.                   This strong need to prove oneself right manifests in acts such as averaging.                                |
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alexchia01
Elite |
11-Jun-2012 00:46
Yells: "Catch The Stars And Ride With Them" |
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I would short and  take profit  at $1.370. Then let it falls  and enter at  $1.270. Stop loss set at $1.230 and Profit taking at $1.650. If Genting can rebound from there, it could rally to $1.750. If $1.230 support  is also broken, Genting has a high chance of breaking below $1.00. I would continue to short if it falls below $1.230. Just my trading plan.
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iPunter
Supreme |
10-Jun-2012 22:29
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I agree with sifu...   If it drops next week, one can adjust the entry price, with new up-to-date chart data.       Since it is not going to be the T/O target, it's no big deal, so most likely to fall further...       
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rutheone1905
Veteran |
10-Jun-2012 22:24
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" Singapore gaming operator Genting said it has taken a stake in Australian casino operator Echo Entertainment...." Genting has not been giving out dividend consistently, buying another company will diminish hope of cash dividend.   usually will not well receive by shareholders.  |
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New123
Elite |
10-Jun-2012 22:20
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$1.30 will be a  strong support. I think  it may bounce-off from  $1.30 and perhaps a gd opportunity for intra-day long or swing long.
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iPunter
Supreme |
10-Jun-2012 22:17
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Then I should enter @1.28... (stop-loss 1.25)...  lol...
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alexchia01
Elite |
10-Jun-2012 21:20
Yells: "Catch The Stars And Ride With Them" |
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Even if there is a rebound, I doubt it would reach $1.500. Just sharing with you... Genting SP can fall until $1.270 before seeing any real support.
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iPunter
Supreme |
10-Jun-2012 19:44
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According to the chart, it certainly looks very precarious...  
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edchai
Senior |
10-Jun-2012 19:37
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Means if it drops below 1.42, it will drop all the way as investors lost confident ?   |
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uncleti88
Member |
09-Jun-2012 20:44
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  Anything below 1.42 is a short opportunity. Probably can look into going long when price go up to 1.80.   Uncle Ti 88 http://uncleti88.blogspot.com ---- I trade using the Commitments of Traders Report. Follow the commercials. They buy we buy. They sell we sell. |
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iPunter
Supreme |
09-Jun-2012 12:45
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No matter what time-frame one plays the market... It is still betting... 
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porky88
Senior |
09-Jun-2012 11:29
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this I fully agree.. but do note the outcome is relative to the timeline... i can be 1 hr.. 1 day... 1 month.. 1 year...10 years....
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iPunter
Supreme |
09-Jun-2012 11:12
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Playing stocks is not a matter of being right or accurate... that is all Ego stuff.     Stocks is all betting, but ony few are honest or ego-less enough to admit it.           A good stock player treats all his bets as just that... bets. He/she will                   neither feel ecstactically proud all over when right, nor lose face                         when wrong...  for in stocks, all is but betting on the outcome...
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Bopanha
Master |
09-Jun-2012 09:23
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With Dow's good showing possibility of $1.30 is slim, instead I think $1.50 more likely. 
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porky88
Senior |
09-Jun-2012 09:16
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i have long positions at 1.455 and 1.5... but i don't mind if it goes to 1.3... buy more.... |
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Bopanha
Master |
09-Jun-2012 08:52
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iPunter is saying $1.30 but Isolator is saying $1.50.   Who is more accurate, we shall find out. Hahaha. | ||||
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Isolator
Supreme |
08-Jun-2012 22:57
Yells: "STI is hard landing to below 2000..." |
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Genting is at minor channel support now.... Monday, there should have a rebound..... Getting to 1.50 is also possible... Enjoy... | ||||
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iPunter
Supreme |
08-Jun-2012 20:51
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On the weekly chart, there appears to be a good breakout indication in the last 2 weeks.     But this week's bar brings it crashing back to a low into the channel, thus making a           descend to the next point at 1.30  a believable possibility...   |
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Isolator
Supreme |
08-Jun-2012 17:12
Yells: "STI is hard landing to below 2000..." |
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Drowning doesn't mean dead....Still alive to swim......Can be  saved by safety boat or swim to  shore myself..... Outcome not know yet...... Anyway  97% long  done on Genting...... can consider all in already for a counter.... Next Monday will be the judgement day.... Either win big or lose big.....  Pray hard.... lol
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