Latest Forum Topics / Genting Sing Last:0.765 -0.005 | Post Reply |
GenSp starts to move up again
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AnthonyTan
Elite |
24-Aug-2012 11:16
Yells: "patience" |
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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.  
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iPunter
Supreme |
24-Aug-2012 11:00
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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 ... 
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cashiertan
Elite |
24-Aug-2012 10:50
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This mad horse still not in overbought region. may still go up abit before correction. | ||||
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wesely2k
Veteran |
24-Aug-2012 09:51
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Mad Horse is  still standing strong at $1.375 | ||||
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iPunter
Supreme |
24-Aug-2012 09:51
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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....
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Hawkeye
Veteran |
24-Aug-2012 09:41
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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.
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iPunter
Supreme |
24-Aug-2012 06:58
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Since the Dow closed rather " pengsan" this morning, it may be a meaty trade for all those who entered yesterday...
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KepcorpSembmar
Member |
24-Aug-2012 02:02
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failed to break resistance at $1.40 , back down   to $1.22 next week . | ||||
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TradeChancellor
Veteran |
24-Aug-2012 00:09
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Can enter if it retraces slowly back to $1.31.... | ||||
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JustinQuek
Veteran |
23-Aug-2012 23:03
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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.
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iPunter
Supreme |
23-Aug-2012 22:04
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Ripe for taking money off the table... 
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JustinQuek
Veteran |
23-Aug-2012 19:06
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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  |
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iPunter
Supreme |
23-Aug-2012 18:31
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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...  
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chartreader
Senior |
23-Aug-2012 18:26
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Bro iPunter, I'm not sifu lah .... are you punting anything at the moment? | ||||
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iPunter
Supreme |
23-Aug-2012 18:19
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Sifu is right... Often, the overshoots are caused by those who overwhelmed in the buying frenzy ('ganjiong')...                
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TradeChancellor
Veteran |
23-Aug-2012 17:49
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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... | ||||
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chartreader
Senior |
23-Aug-2012 16:45
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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.
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cashiertan
Elite |
23-Aug-2012 16:40
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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?
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chartreader
Senior |
23-Aug-2012 16:31
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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
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cashiertan
Elite |
23-Aug-2012 16:03
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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.
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