Genting Sing    Last:0.75    +0.005

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These few days same pattern...

first half of the day is fear in play...

2nd half of the day strong fight back..

is this how they play the emotions of fear and greed ?

kekekkek

rotijai      ( Date: 29-Jul-2011 14:10) Posted: stock market going crazy again.. lol hm..

 

well.. the market is normally crazy? :P

iPunter      ( Date: 29-Jul-2011 14:14) Posted: How can we say the market is " going crazy" ?       The market has always been its normal self...  rotijai      ( Date: 29-Jul-2011 14:10) Posted: stock market going crazy again.. lol hm..

 

How can we say the market is " going crazy" ?

      The market has always been its normal self... 

rotijai      ( Date: 29-Jul-2011 14:10) Posted: stock market going crazy again.. lol hm..

 

stock market going crazy again.. lol

hm..

 

Little rabbit,  believe it or not  i  don't have buying plans  today.  US will be releasing 2 qtr GDP figures tonight, the media says  forecasted to be good by economists. Oh well, what do we know.

i bought CDL yesterday just sold it this morning. Likely consolidating this couple of days.  I don't think  this burger & capitaland will  go down the toilet but  just see whether this weekend have interest hike news or not.  Have hike then it might dip and then rise from the grave next day? I thought  Mon can always buy in again this siao market, always a mystery to moi.

I do think ocbc will be very  stable  (range bound)  before earnings announcement, if you like can buy  on dip and sell to play the range prior to the big day. Current resistance is 9.95.

 

rabbitfoot      ( Date: 29-Jul-2011 12:18) Posted: Hi Gaecia-san What'ya buyin today ? Can hitch you for a ride ? Expecting some good news from Uncle Sam soon...   Gaecia      ( Date: 29-Jul-2011 10:35) Posted: Something's happening. could it be china rate hike news?

 

Hi Gaecia-san

What'ya buyin today ? Can hitch you for a ride ? Expecting some good news from Uncle Sam soon...

 

Gaecia      ( Date: 29-Jul-2011 10:35) Posted: Something's happening. could it be china rate hike news?

 

Genting sp is still a downtrending counter........any rebound will be shortlived (3 days?) unless trend reverses like genting HK. Hit higher high at 0.45 vs last high of .445 - may have chance to move up in the coming weeks.

sinetic8      ( Date: 29-Jul-2011 10:16) Posted: but because of buy back, can ride on with the waves. but currently drop 2 cents, either temporaily retract or ppl choose to take profit and enjoy the weekends. i think. rotijai      ( Date: 29-Jul-2011 10:14) Posted: actually buying > 1.9 is quite risky since the big fat resistance is at 1.9

 

I feel...people fear to long over the weekend...

same also people is also very fear shorting position over the weekend...

hopefully there will be short covering in the 2nd half of the day :)

 

In olden days, many people practise the

    concept of having " Nerves Of Steel" .

                But unfortunately, the number who have

                          died practising that is not known...

 

you are so right! it's  enlightenment to me. 

iPunter      ( Date: 29-Jul-2011 10:39) Posted: The first thing to avoid is being " gian-gian" to make money...     The second thing is to master oneself...           Stocks playing is not about mastering the market...                             It is all about mastering one's self...    muifan      ( Date: 29-Jul-2011 10:22) Posted: So ipunter sifu... any good recommendations to counter this? kekek

 

most ppl have this mentality..

BEFORE BUY - when genting reaches 1.94, they say in their mind they wait to drop a bit then buy.. just now when genting got a tornado and drop to 1.88 from 1.94, they say again, they will wait to drop further then buy.

AFTER BUY - rise liao, got profit, let it rise higher , greed takes place. drop liao, profit/loss, hold and let it rise back again.

 

in the end, you pour more money into the pit and gets lesser money from the pit. he he.


 

muifan      ( Date: 29-Jul-2011 10:42) Posted: In this scenario of my GSP case... i notice I got discipline in cutting loss, but  no discipline in taking profit :( iPunter      ( Date: 29-Jul-2011 10:39) Posted: The first thing to avoid is being " gian-gian" to make money...     The second thing is to master oneself...           Stocks playing is not about mastering the market...                             It is all about mastering one's self...

 

Because you are betting to make more money...

muifan      ( Date: 29-Jul-2011 10:42) Posted: In this scenario of my GSP case... i notice I got discipline in cutting loss, but  no discipline in taking profit :( iPunter      ( Date: 29-Jul-2011 10:39) Posted: The first thing to avoid is being " gian-gian" to make money...     The second thing is to master oneself...           Stocks playing is not about mastering the market...                             It is all about mastering one's self...

 

In this scenario of my GSP case...

i notice I got discipline in cutting loss, but  no discipline in taking profit :(

iPunter      ( Date: 29-Jul-2011 10:39) Posted: The first thing to avoid is being " gian-gian" to make money...     The second thing is to master oneself...           Stocks playing is not about mastering the market...                             It is all about mastering one's self...    muifan      ( Date: 29-Jul-2011 10:22) Posted: So ipunter sifu... any good recommendations to counter this? kekek

 

Why such a short-term view?

      Maybe can buy next month?... 

muifan      ( Date: 29-Jul-2011 10:35) Posted: This is exactly what the US govt want to do... they have 7 mths to settle the debt thingy...but want to drag until now... I will buy some at closing today :) Gaecia      ( Date: 29-Jul-2011 10:33) Posted: HSI suddenly down by +1%, we are going down.

 

looking at the huge amt of sales and purchases in genting shares for past 10 mins, i think different BBs are fighting with each other leh..

 

The first thing to avoid is being " gian-gian" to make money...

    The second thing is to master oneself...

          Stocks playing is not about mastering the market...

                            It is all about mastering one's self...   

muifan      ( Date: 29-Jul-2011 10:22) Posted: So ipunter sifu... any good recommendations to counter this? kekeke iPunter      ( Date: 29-Jul-2011 10:21) Posted: It is not a matter of you forgetting about it...     It is a matter of human nature.             It happens to every human...                     ie feeling very bullish when all is bullish...

 

This is exactly what the US govt want to do...

they have 7 mths to settle the debt thingy...but want to drag until now...

I will buy some at closing today :)

Gaecia      ( Date: 29-Jul-2011 10:33) Posted: HSI suddenly down by +1%, we are going down.

 

Something's happening.

could it be china rate hike news?

 

HSI suddenly down by +1%, we are going down.

 

genting ki siao again. ha ha.