Genting Sing    Last:0.745    -0.01

GenSp starts to move up again

 

In stock market, being too sure is really finding the path to being "pok", but believing nothing is for sure is realling finding safety.

 

I'm very sceptical when ppls give free advises in this forum

Agree/disagree

 

 

Very good posting. Obviously no big timers will post

in this forum.As I have mentioned before, this is a money

game.Your lost is somebody's gain. Why should they

give you free advise?Don't try to bluff and fool ppls. There

are no free lunches, hahaha

iPunter      ( Date: 12-Aug-2010 11:12) Posted: If one's judgment is really good,    then one should not be betting peanuts (kachang puteh).      The reason why confident people bet only peanuts is that           they are actually unsure of the market.                 hehehe...

 

 

 

 

There can be only one way....to be cont'd...

 

If one's judgment is really good,

   then one should not be betting peanuts (kachang puteh).

     The reason why confident people bet only peanuts is that

          they are actually unsure of the market.

                hehehe...

 

interesting counter to look at....we have no current position in Genting as off-load all near $1.30 weeks ago....the owner came to speak last week (as said "ball in the court of the owner") and provide a "support" to the counter....it is a "WILD HORSE" now and not in control to run as script....sticking to "Never Lose Money" rule of trading principle, we can only watch not buy.....it may go either way and good luck to all :)

04-Aug-2010 09:44

Genting SP   /   GenSp starts to move up again       Go to Message

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Genting is a "WILD HORSE" now....it will not run according to script by traders....the share may go either way....it may re-touch previous high and touch new high.....or it may re-touch one dollar....no one knows and it is a million dollar question....however, the chances of share placement may not be high as the sale of the UK unit already generates substantial cash to the counter....having said that the ball is in the court of the owner....not the trader now....let's watch then....good luck :)

 

can short nw? 1.29?

 

Enter on 12 Aug 2010 ? what price to buy and sell ?

 

It's time to go in....

 

Current level is a Bull Trap.

 

On Wednesday, Genting re-tested its major resistance at $1.30 and closed at $1.27 with regular volume of 88.9 million shares traded.

A candle stick with long upper shadow is a bearish signal which affirms that investors take profit when prices reach $1.30.

Both RSI & MACD are turning bearish as MACD lines already perform a cross down.

Important Resistance of Genting: $1.30

Immediate Support of Genting: $1.24

Currently prices are supported by the technical/20 days MA at $1.24.

The resistance at $1.30 has proven to be a ridge task for Genting as traders choose to cash when prices approach that level.

Do take note of the earning report on 12/Aug which is one of the main reason that Genting remain supported at $1.24 despite STI market going into selling mode.

We do not advise to buy now since any upside will be limited.

But for investors, who are vested, do take note of the earnings reports and SELL once profit taking starts.

SEE ANALYSIS FOR EZRA


Sell on earning reports has been the current trend now as demonstrated by Capitaland & NOL lately.

 

 

Genting

 

 

Genting Singapore

also  conducting  a

national day GAG ? ? ? ?

 

thks Aloo for your reply. cheers.

alooloo      ( Date: 11-Aug-2010 14:48) Posted: What Does Bear Trap Mean? - A false signal that the rising trend of a stock or index has reversed when it has not.