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Trading Vol. will be up later afternoon... let's see...
For it to do another fantastic surge like that last one (
eg to 1.68, "yat lou fart"),
it will require another really fantastic piece of 'earth-shaking' news.
But with the negativity having crept in to dampen sentiment,
namely the no-dividend issue and Bloomberg's technical analysis article,
It is hard to imagine that happening.
But if there indeed is such a piece of great news in the pipeline,
then this one will go up to the moon!...
Was waiting for 1.50 but never got it. So my strategy will be long 2 to 3 lots so as to play with time and averaging the buying.
I do not see any harami pattern over the last two days.
I think the pattern looks more like a pennant.
hpong5 ( Date: 19-Aug-2010 09:31) Posted:
Genting Singapore may fall on candlestick: Technical analysis
Genting Singapore Plc, operator of one of two casino resorts in the city-state, may fall as a bearish candlestick pattern emerged after the stock surged to a record, according to OCBC Investment Research.
“Judging from the candlestick that emerged, the rally could have peaked,” Philip Teo, a technical analyst at OCBC Investment, said in an interview. “A strong correction could kick in over the next couple of days.”
Genting soared to a record close on Aug 13, a day after the company reported it returned to profitability in the second quarter on positive contributions from its casino resort in Singapore and as analysts upgraded their stocks ratings.
The stock climbed as much as 31% from the Aug 12 close through a record intra-day high of $1.68 on Aug 17 before it started falling, according to Bloomberg data. That decline helped create a long black candlestick with long upper shadow, indicating a potential reversal of the recent rally, Teo said.
“This will likely lead to a sharp correction,” Teo said. “The stock could retrace back to $1.30.” That was the previous record high set in December.
Genting Singapore rose 2% to $1.55 yesterday. That helped form a so-called harami reversal pattern, Teo said.
Candlestick charts show information on opening and closing prices and the trend within each trading period. If the closing price is above the open, the candlestick is clear, or white, indicating a bullish trend. If the stock closes lower than it opened, the candlestick is black, or bearish, according to StockCharts.com.
Harami Origins
A harami pattern is formed if the range between a security’s opening and closing prices falls within the equivalent range from the preceding day. The name, which is derived from the Japanese word for pregnancy, comes about because the body of the second day’s candle would fit within that created the day before.
Technical analysts observe price charts to forecast resistance levels, or ceilings restricting further price increases, and support levels, or floors limiting declines. They use trading patterns and prices to predict changes in a security, commodity, currency or index.
Source: Bloomberg |
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I think it's better to wait first. Anyway, it's ur call. Cheers!
Laulan ( Date: 19-Aug-2010 10:16) Posted:
There are pros and cons with the latest news, not the investment in Europe, but the news on dividends possibly to be paid only in 2012/3 as it has to observe some conditions of the gambling licence on dividends.
So buyers should be the asccumulators and sellers the cautious shorts.
I will buy some lots at a time. Cheers. |
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There are pros and cons with the latest news, not the investment in Europe, but the news on dividends possibly to be paid only in 2012/3 as it has to observe some conditions of the gambling licence on dividends.
So buyers should be the asccumulators and sellers the cautious shorts.
I will buy some lots at a time. Cheers.
I think by next week the fall may accelerated. I think only....I think, you tot, who confirm? hehehe
I think those who know this news will not buy anymore. Most may sell. Those on margin may margin call, forced-sell. Those on contra lagi worst as time runs out.
One room to be asssinged to them. All 70 years and above only allowed to enter senior citizen club.
niuyear ( Date: 19-Aug-2010 09:59) Posted:
| There is Lady's club in RWS. Senior citizens' club on the way? Slot machines with 1 cents , only reserve for the senior citizens. |
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Then it should not only make them bite their nails...
but also pull their hair and shiver in their pants!...
hehehe...
Took profit already and yesterday enjoyed myself in WRS with 1K gaming chip. Lost but play like a king on the table. Shiok shiok.
There is Lady's club in RWS. Senior citizens' club on the way? Slot machines with 1 cents , only reserve for the senior citizens.
Bloomberg's datas and news are widely used by professionals, traders, investors, etc. etc. to make decisions.
iPunter ( Date: 19-Aug-2010 09:52) Posted:
That piece from Bloomberg
may make some people bite their nails...
hehehe...
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That piece from Bloomberg
may make some people bite their nails...
hehehe...
Genting Singapore may fall on candlestick: Technical analysis
Genting Singapore Plc, operator of one of two casino resorts in the city-state, may fall as a bearish candlestick pattern emerged after the stock surged to a record, according to OCBC Investment Research.
“Judging from the candlestick that emerged, the rally could have peaked,” Philip Teo, a technical analyst at OCBC Investment, said in an interview. “A strong correction could kick in over the next couple of days.”
Genting soared to a record close on Aug 13, a day after the company reported it returned to profitability in the second quarter on positive contributions from its casino resort in Singapore and as analysts upgraded their stocks ratings.
The stock climbed as much as 31% from the Aug 12 close through a record intra-day high of $1.68 on Aug 17 before it started falling, according to Bloomberg data. That decline helped create a long black candlestick with long upper shadow, indicating a potential reversal of the recent rally, Teo said.
“This will likely lead to a sharp correction,” Teo said. “The stock could retrace back to $1.30.” That was the previous record high set in December.
Genting Singapore rose 2% to $1.55 yesterday. That helped form a so-called harami reversal pattern, Teo said.
Candlestick charts show information on opening and closing prices and the trend within each trading period. If the closing price is above the open, the candlestick is clear, or white, indicating a bullish trend. If the stock closes lower than it opened, the candlestick is black, or bearish, according to StockCharts.com.
Harami Origins
A harami pattern is formed if the range between a security’s opening and closing prices falls within the equivalent range from the preceding day. The name, which is derived from the Japanese word for pregnancy, comes about because the body of the second day’s candle would fit within that created the day before.
Technical analysts observe price charts to forecast resistance levels, or ceilings restricting further price increases, and support levels, or floors limiting declines. They use trading patterns and prices to predict changes in a security, commodity, currency or index.
Source: Bloomberg
Your welcome
hpong5 ( Date: 19-Aug-2010 09:08) Posted:
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Is ok no worries.. hehehe..
iPunter ( Date: 19-Aug-2010 09:06) Posted:
Sorry, I still don't get you...
I am only most literate with my stock charts...
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WHY thEn ? ? ? ?
HiGHEST ORDER CERTIFIED INTEGRITY ? MOST TESTED & CERTIFIED FAIRNESS ? iN thE
WORST ENSURED HELL ? ? ? ? [HEARD: WHERE even ALL GODS FEAR]
called
CASINO ? ? ? ? pharoah88 ( Date: 18-Aug-2010 22:53) Posted:
Playing for the BIG STAKES
Testing and certification ensures a high level of integrity and fairness in the gaming industry
FOR Weike Gaming Technology, testing and certification are important parts of the business as they allow the company to compete in the highly-regulated casino industry.
Founded in 1998, Weike designs, develops and manufactures gaming products such as slot machines, electronic table gaming machines and network systems for Asian markets such as Singapore, Macau, the Philippines and Malaysia.
According to chief executive David Kinsman (picture), the company’s client list includes top gaming operators such as Las Vegas Sands and the Genting Group, and sales are forecast to reach US$20 million ($27.1 million) this year.
Testing and certification are of utmost importance for the gaming manufacturer as all its products need to comply with various international and country regulations, Mr Kinsman said. In Singapore, Weike’s gaming equipment is certified to the Casino Regulatory Authority’s technical standards.
Gaming machines are first assessed on whether they match regulatory technical standards. Then, they are subjected to “platform integrity testing”, which includes electrical safety. Finally, there is a round of mathematical testing to ensure that the machines operate as they are designed to do.
Testing and certification can also help elevate the standards of manufacturing.
In the case of Weike, industry best practices were introduced to its manufacturing process to improve the quality and performance of the company’s products.
This helped Weike bag the 2009 Best Asian Manufacturer Award by Inside Asian Gaming magazine, Mr Kinsman added. Testing, certification made easy
However, the testing and certification process has not been easy for Weike. Each piece of gaming equipment that Weike produced had to be sent to the United States or Australia for the procedure.
“As gaming machines are typically bulky and heavy, it is costly to ship them around. It is also very time consuming,” said Mr Kinsman.
So it was good news to Weike in April this year, when the Singapore Accreditation Council (SAC) granted accreditation to the first gaming testing laboratory in Singapore, BMM Compliance.
BMM has been assessed under SAC’s Accreditation Scheme for Gaming Laboratories, which is based on international standard ISO/IEC 17025. It covers both the management system and the technical capability of the laboratories.
Here, the BMM laboratory provides an easily-accessible facility for Weike to test its products for various regulated markets around the world.
“Having a laboratory at our doorstep makes the entire process simpler and faster. We can also work closely with them to improve on our products quickly,” Mr Kinsman said.
Betting on future growth
With some 60 casinos and 340 clubs in Asia, the gaming industry is poised for further growth. Estimated gaming machine sales for the region average between US$50 million and US$75 million annually.
The presence of gaming testing laboratories in Singapore will also attract other gaming machine manufacturers to set up operations here, said Mr Kinsman. |
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Is ok no worries.. hehehe..
iPunter ( Date: 19-Aug-2010 09:06) Posted:
Sorry, I still don't get you...
I am only most literate with my stock charts...
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Sorry, I still don't get you...
I am only most literate with my stock charts...
Oh like which model version 1, 2, 3, 4, 5, etc. etc. hehehe...
iPunter ( Date: 19-Aug-2010 08:58) Posted:
What version are yo referring to?
hpong5 ( Date: 19-Aug-2010 08:45) Posted:
| Hallo morning iPunter...which version are you |
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