Latest Forum Topics / Genting Sing Last:0.765 -0.005 | Post Reply |
GenSp starts to move up again
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dingbat
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30-Jul-2012 13:53
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1 or 2 sharks circling the waters waiting for chump. Whether shorting or longing, get out when you see blood    Looks like a mini upwards trend. |
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Bopanha
Master |
30-Jul-2012 13:41
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If you need to short the market, wait for 1.31 with stop loss $1.35 and down target $1.25.  Good luck to both longies and shorties. Hahaha. | ||||
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chartreader
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30-Jul-2012 13:35
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LOL, it probably is ... have seen very very strange bid / offer movement with the most frequent 1 lot buy up / sell down. But the trend is the actual " true intention" of the smart money whether they're going in or out of a particular stock. I haven't seen the sign of bottoming or change in trend yet for Genting, so I still keep my bearish view. Any rebound is a chance to get out and shorting.   |
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Flyordie
Veteran |
30-Jul-2012 13:25
Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!" |
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Just my 2 cent view. Been observed if   i see the Bid size of 888,000. The price is trending up. In the contrary, if i see Ask size of 888,000. The price will trend down. Don't luagh at me, don't scold me. I am just sharing what i abserved. Don't believe me? Watch it yourself. The 888,000 (will stay atleast 3 seconds) Is it like a signal between BB to BB : Dude, i am ready , how about u? Ok, go !!!! 
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chartreader
Senior |
30-Jul-2012 13:19
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Personally I don't think the trend for Genting is changing ... It is just short covering to minimize the risk because of improved market sentiment recently. Indeed this will be a very good shorting candidate when the market sentiment starts to deteriorate again. There is better and stronger stock for long.   not vested  |
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oldflyingfox
Master |
30-Jul-2012 13:01
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What a suprise! | ||||
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chartreader
Senior |
30-Jul-2012 12:45
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short covering on genting ... | ||||
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edchai
Senior |
30-Jul-2012 10:57
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I  completely agree with you. From iPunter ... " Many stock newbies look in forums for 'good tips'...   The result is that some newbies  new will really take a post at face value.           The result can be disastrous, as they are not discerning enough to                   know that no one knows the market's next move...   " |
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iPunter
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30-Jul-2012 10:31
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The first and most valuable lesson for all newbies to grasp is this:-     Playing stocks IS betting (on the outcome)...  |
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rotijai
Supreme |
30-Jul-2012 10:18
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sifu warren's refering to tips without any further explanation and keep asking ppl to buy buy buy or short short short... any good advice or sharing is always welcome in this forum
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rutheone1905
Veteran |
30-Jul-2012 09:35
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Star, i like wat u say.   sharing is good so tat we all grow together.   like warren had said we all hate buy tips becos there r still many newbies out there waiting to buy their 1st HDB. keep contributing ur views its ok sometime ppl will rub on u.   i notice few contributors had left alrdy which is quite disappointing. 
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rutheone1905
Veteran |
29-Jul-2012 22:38
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this may not be true. many knows that i short genting for many days liao n approaching 10 Aug i will be probably cover all my shorts n take profit run. y i say tat becos plunge in genting price probably alrdy factored in due to MBS bad reporting.   from 10 Aug till next financial reporting is another few months away, so my take is it may reverse if the report on 10th is not someting unexpected one. therefore i may in fact long upon arrival of this date.   cheers 
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Oldbird
Senior |
29-Jul-2012 22:24
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I do not want to cast doubt on the technique you use for your trading,
But tell me the answers 3 years or 10 years or perhaps quarter century from now. I bought my first stock North Boneo Timber more than quarter century ago, that why i use that as a guage. Overconfident is always very dangerous! Good luck! Friend. |
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iPunter
Supreme |
29-Jul-2012 21:46
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A clarification on " trading opportunity" ...   It should more accurately be termed " betting opportunity', since the outcome is speculative in nature.         Thus, even when one bases one's bets on a stock chart and bets at strategic points on the chart,             one still need a sound and unemotional system of  play in order not to lose much in the betting... |
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star-trader
Senior |
29-Jul-2012 21:25
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To Oldbird Let me define  what I meant by trading volume with mini wave, flat and not active share.. If you look at some stocks that interest the investors, be it long or short-sellers , you will see the stock will have most price movement because of interest be it buying or selling thus creating the price to swing up/down that causes mini-wave. For flat, Not much interest on the stock, very low trading volume, perhaps only XX K, eg: 40k,20k volume and it calls for the day, unlike those like big volume XX M volume.. Not active stock , the stock can be so not active until no interested to play it , when the market opens, it is the pre-close price, when the market closes for the day, it is still no volume, thus still stay pre-close price..I believe you have seen many stocks like that in SGX.. So, my reply below to regards to this is , when you see volumes, you will see the swing because of demand and supply , vice versa. Of course, we as human always greed that cause the downfall.. Have you ever been in situation where you win the trade, but hopeful it will goes up, but then it drops below the price you bought? So sometimes we just can't say " trading opportunity exists in few times a  year" or " stock like betting"   because sometimes is you that cause the downfall itself.. :) Anyway, this is only my personal view and share upon what I think .. :) Star-Trader   |
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Oldbird
Senior |
28-Jul-2012 18:47
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To startrader,
I think high frequency trading may work if only if u r a computer runs with powerful proven algorithm, which means u r 100% disciplined, emotionless, no greed or no fear ! ai...,,we r all human lar! |
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iPunter
Supreme |
28-Jul-2012 17:56
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When playing stocks, the most dicey thing is a crash or unexpected big slump...     Such a slump is obviously entirely possible at any unexpected moment in time.           Thus, buying stocks frivolously (frequently) without due serious consderation for                 the Risk/Reward factor uppermost in mind is not a good way to play stocks. |
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star-trader
Senior |
28-Jul-2012 17:47
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Not true for most of the case..Applicable to those stocks that not high volume( not popular) and flat most of the time.. Looks at those that with on trading volume, you will find the mini wave occuring which means every opportunity is there if you know the so-called " outcome" .. My personal view only. Star-Trader
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bishan22
Elite |
28-Jul-2012 17:05
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Aug 10 is the result. More downside to come.  | ||||
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iPunter
Supreme |
28-Jul-2012 16:09
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Actually, much as people want to be involved 'full-time' in stocks, that is rather impossible.     This is because trading opportunities only exist a few times a year.           Most of the time is spent in waiting for the outcome...                 or the opportunity to enter ...
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