Latest Forum Topics / Genting Sing Last:0.865 +0.03 | Post Reply |
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BullishTempo
Supreme |
11-Feb-2011 06:08
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Hey Daniel, if you have time, take a look at the Hang Seng chart. It seems that we may have a saving grace today if Hang Seng turn around today. There is a major support for Hang Seng at about 22400. Hang Seng is at about 22700 as of yesterday. So potentially another 1.3% drop is possible for HSI. If we can withstand another down day today (Friday), by next week we may see the living daylights again. But of course by next week, we face the possibility of Dow correction.  Best not to tempt fate at this uncertain times unless you are very sure of what you are doing. The only thing I am paying attention to early next week, is stxosv's result before market open on the 15th. 
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BullishTempo
Supreme |
11-Feb-2011 05:56
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3070 is another 30 points drop, equivalent to about 12 cents drop on a $2 stock. I am not gonna tempt fate on this one. 
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Leinadgnow
Senior |
11-Feb-2011 01:58
Yells: "Retired" |
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not worrying mate :D hahaha i prepare all my contingency plans for what to do base on the situation liao .. just stick to game plan can already :D    option 1 if break 2.02 / 2 for my genting .. wait for it to bottom out and get ready ammunition to average (confirmation must be absolutely sure) and sit and wait option 2. if break 2.02/2 for my genting ... cut loss at about 1k .. zhao from market and wait to reload at   bottom  option 3. if break from 2.02/2 for my genting ... wait for confirmation of heavy down volume to further short and cover back at bottom out price, buy back up and sit and wait . option 4. Sit and pray and cry (not a good option but an option nonetheless) option 5. Call cao cao and liu bei and guan yu and zhu ge liang the 5 wu jiang to help me (also not really an available option)   So i guess i'm down to 3 options :D lol   |
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Citigold
Senior |
11-Feb-2011 01:44
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Dun worry,4Q result is cming,if after 4Q result cant push the price up then can still wait for 1Q FY2011.Time is on our side if u r willing to wait n hold.
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Leinadgnow
Senior |
11-Feb-2011 01:41
Yells: "Retired" |
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btw , ipunter, you are seemingly right about feb falling flat for genting.. macd divergence occuring the same way as in 12/2/2010 and 12/2/2011.. wait and see lor :D but this year got special something last year dun have :D lol  | ||||
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Leinadgnow
Senior |
11-Feb-2011 01:37
Yells: "Retired" |
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luckily genting's 23.6 fib line and support again at 2 flat out.. however, ema is at 1.78 as well as 38.2 fib is in congruence with 1.78 .. if the market decides to split wide open, we are looking at 1.78 for Genting ... so good luck to me :D hahahaha  | ||||
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Leinadgnow
Senior |
11-Feb-2011 01:30
Yells: "Retired" |
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bt.. got slight support at 3070 and major support at about 305 to 306.. ema 200 + the shooting star previously break that and   you are lookng at a 28 to 29 sti zone is 23.6 and 78.6 respectively for the fib lines.. whether it was the crash in 2008 or the uptrend that occurred recently. ema 200 should be able to contain this given the fact that no major crisis happening.. shit ass thing is that i should have seen the sti index first and run a correlation with it to genting and other stocks before going long on genting... never see.. only see genting decent price to buy.. then kana tiao lol ... although i stop out on my cfd side.. i still got another 10k lot at 2.09 cash upfront which i have paid up sitting in my dbs vickers.. that one i intend to hold till i see daylight lor lol.. | ||||
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BullishTempo
Supreme |
11-Feb-2011 00:05
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bro epliew, hiking interest rates in China will affect STI counters with strong China presence. Think property and bank counters.   And since these property and bank counters are heavyweight STI components, the whole STI will get dragged down. Anyway if you do not have CFD you won't be able to short safely. So I suggest you just stay away from the market. DO not attempt to try and buy the bottom at this time. Remember a 20-point movement on the STI is about a 10-cent movement on a $2 stock like NOL. And we are talking about the next support being 60 points away. Just put your money in the bank for now till the market recovers. |
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BullishTempo
Supreme |
10-Feb-2011 23:44
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Hi bro, just return from training class. If you pull out your STI chart and look at it now, you can see today's candle broke down the last real support at 3120 with increasing volume compared to the last 3 days.  STI is now at 3103 which is a free-falling zone with no immediate support.  Believe it or not, the next convincing support is at 3040 which is a 60 point drop. Fear factor for those holding long positions is very high. This is a high risk zone, and with panic selling setting in by tomorrow, I do NOT suggest sitting on long positions of any kind. If you cannot do shorting, I suggest you simply sit the market out and wait for a better time to enter. I repeat, this is now a HIGH RISK zone for STI for those with long positions.
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Gaecia
Elite |
10-Feb-2011 23:39
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Dow's losses tapering off at this time. Anyway be very careful tmr.
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tiancai007
Master |
10-Feb-2011 22:59
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Sure or not? Tomorrow is Friday leh...
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eastcivic
Elite |
10-Feb-2011 22:59
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great! i waited for this correction for a loooong time too :D
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rabbitfoot
Veteran |
10-Feb-2011 22:44
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Dow corrects, money flows back to STI tomorrow. STI will surely go up tomorrow on bargain hunting !!! Believe you me... |
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Gaecia
Elite |
10-Feb-2011 22:34
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Correction at Dow has begun as of now. Happy Friday tmr, pls bring your diving gear. | ||||
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risktaker
Supreme |
10-Feb-2011 22:21
Yells: "Sometimes you think you know, but in fact you dont" |
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short is confirm win atm.... ang mo house keep selling ... n i did tell u guys cao cao brought 5000 lots n sold 5000 lots.
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ic1990
Senior |
10-Feb-2011 21:36
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eh STI broke down from it's downtrend channel...very bearish right?  | ||||
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yummygd
Supreme |
10-Feb-2011 21:33
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hoy just yesterday u kept asking people to buy for e cny rally... risktaker how u shorted gsp...wah thought u say cao cao n zhugeliang comin to pump funds in?U short now u not scared arh?
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risktaker
Supreme |
10-Feb-2011 20:22
Yells: "Sometimes you think you know, but in fact you dont" |
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Make a little when i sold off 2.08.... today  shorted some @  2.06 and 2.05 :P Now sitting at good profit. I have downgraded Genting SP to 1.65-1.85 Range .... BOSAYOR HUAT AH
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muifan
Master |
10-Feb-2011 20:02
Yells: "Take the leap of faith dont regret 20 years later!" |
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Hi Comrades, I plan to buy 1 lot of Kboat tomorrow about 450pm ( BT's fav timing ) as K boat now around $4.10 ++ , 18 cents dividend make it 4% returns....is it ok or the market will continue to over react? |
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Leinadgnow
Senior |
10-Feb-2011 19:09
Yells: "Retired" |
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huat liao lo .. lol ... kana stop out when i came home .. saw 2.02 .. next should be 2 la lol ... standard now... sian 1/2 gut feeling wrong + lose 1k lol .. nvm .. all part and parcel of trading :D | ||||
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