Latest Forum Topics / Genting Sing Last:0.865 +0.03 | Post Reply |
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BullishTempo
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26-Jan-2011 07:31
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The Dow recovered amazingly well at the last hour. STI today again will look at Shanghai and Hang Seng for leads. As for Gar and CGX, I believe Daniel already answered your questions below.
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BullishTempo
Supreme |
26-Jan-2011 07:28
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1) I cannot tell the future, I just take it day by day. A piece of news released tomorrow, can change everything. Example, China says there is no interest hike. No point looking 2 weeks ahead. 2) Those sectors least hit by interest rate hike. So ask yourself, which sectors are the hardest hit? Hardest hit are Banking, Property and Commodities, especially those that do business in China or with China. 3) There is usually a market rally if the public likes the Budget, or tank if the Budget is not taken well. Most of the time, the public likes the Budget.
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BullishTempo
Supreme |
26-Jan-2011 07:23
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The platform shows me everything upon login, I don't really have to do anything. Company earnings is the only justifiable cause for a rally, all other rallies are based on rumours, news or speculations. When there are good earnings, stock price will rally, bad earnings, stock price will tank. Whether STI is in correction or not, this fact is still true, even though the rally may not be so much.
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bladez87
Master |
26-Jan-2011 06:52
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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still thinking hold sell my cgx or gar. | ||||
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tiancai007
Master |
26-Jan-2011 02:53
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Hi BT, I have some questions. 1) Do you think the correction in STI will continue after CYN? 2) Which sector is most like to recover the most after the correction? 3) Budget is set on 18/2/11, which means 2 weeks after CYN. Do you think the budget will have any effort on STI for the 2 wks after CNY to Budget day? Thanks in advance! :)
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Leinadgnow
Senior |
26-Jan-2011 01:55
Yells: "Retired" |
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That aside, good buying opportunity for DMXTECH at 0.38 which is the lower bollingerband as well as the current lowest before a swing back up to it's upper bollinger... below 0.38 you can cut loss.. so getting at 0.38 seems optimal as a close below 0.38 means u can throw the stock already... Also, genting next tp is 2.03 .. it simply is the path of least resistance.. hope 2.03 can hold it. Uhh.. for k-17 i suggest to not buy .. i queued at 4.65 today.. and luckily i didn't get it cause i saw that there was a huge wall of sellers coming in at 4.66 and it shouldnt be the case for a compnay that went up over 8 times in profits ... so i exited and cancelled my queue... that aside, k-17 does offer some buying opportunities at about 4.57 if it does go back down . GAR... i said it quite a few times that it was going down .. but base on today's closing chart.. unless macd diverges ... i dont see it going down too much further unless the bollingerband is broken for it to hit 0.71.. it's due for a uptick soon.... see the charts for urself. i don't believe that the charts isn't a fair reflection or just merely a prediction tool .. with a coin flip .. sorry .. i've been doing statistics and charting in my uni course and i realize charting gives u more then a 50% success rate so how can it be considered as a coin flip? the odds of it happening heads or tails isn't just 1 with success or failure.. with properly analyzing it skews your success rate. I can show you the charts and backtesting if you like iPunter :) That's all for now.. 2mrw just wait and see if the charting correct or not lor lol |
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Leinadgnow
Senior |
26-Jan-2011 01:45
Yells: "Retired" |
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China gx support at 0.33-0.34 ... probably might go lower still but i feel that the price surge down isn't very justified with a retracement bound to occur soon... but that's just me :) if it breaches 0.33 .. 0.29 is the next target / support line. macd showing huge surge down .. not very sustainable i guess.. so it will have to go back up abit before it goes down again.. so ... decide for your self.. | ||||
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BullishTempo
Supreme |
26-Jan-2011 01:24
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Indicators are lagging, just use it for reference. Look at the candlesticks instead. Short counters that are adversely affected by news. Counters that are unlikely to move up in the current environment. News precede charts. Current environment is? China interest rates looming. Which affects? All property counters and commodity counters that do business in China. And so you have to know something about the business nature of the common counters and how they do business. Takes experience and time, because I spend time looking at the company websites and understanding their business models. Now do some research on Yanlord and Capitaland. After that, then you look at the charts and decide on entry point, and exit point. Always go from a business approach, then go to charts. Ok yeah, finished my research. Time to sleep.
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crystal1818
Veteran |
26-Jan-2011 01:13
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Where can you see the opening price as well as the pre-opening trade? Sorry to ask this stupid question as I'm really a noob... :( Yes, I wake up early to read news from The Edge, Next Insight, MarketWatch and Bloomberg. Is this enough? Can tell me what other news I need to read. Appreciate if you can post the news link here. Thanks so much and sorry for the inconvenience caused. Ok. What should we do then during the STI correction? Short? But I don't know how to do play shorting. I better stay out until the coast is clear. That is to say, for those stocks going to have their results announce in the coming weeks will be at the wrong timing? Cos' with the corrections in place even if they have produce good results it will be unlikely that their stock price will goes up? Thanks for the clarification.
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crystal1818
Veteran |
26-Jan-2011 01:04
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Yup, will definitely do my own research before buying. Your hint is a good start for me to kick-off my research. :P Hmm, could be cos' CGX dropped the most compared to other stocks. I believe many people got burnt vesting in this stock especially those bought above 0.40. Sympathise them for chasing high with the hope that it will open high today in KRX. Moral of the story, take other words as a pinch of salt and do our own research. Also, don't blame others for the loss making for the buy call as it's the risk is assuming... I don't understand why Capitaland and Yanlord are at shorting target today 26 Jan '11? I don't understand. For capitaland, though black hammer is forming however, the vol is slightly higher than the previous day. Also, stochastic is about to cross over and RSI is in the oversold region. It shouldn't be going down further unless due to external factor... Thanks for the enlightenment. I can understand why you short Yanlord as all the indicators showed downtrend... Good night. Cya this morning. Tata
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BullishTempo
Supreme |
26-Jan-2011 00:56
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The opening price is shown at 8.59am You can enter your trade between 8.59am and 9.00am. If you want to get filled immediately, just buy from the sell-queue. There is no time to consider and think, you have to plan your trade the night before. At the opening price, I will also look at the gap-down, gap-up, no-gap and the pre-opening trade. If all the signs are correct, I enter, if not, I don't. Most importantly, read the news between 8am to 8.50am. Today's Dow will trigger STI correction. Get ready for the plunge.
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BullishTempo
Supreme |
26-Jan-2011 00:50
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Dow finally decides to get a nice correction. About time too.
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crystal1818
Veteran |
26-Jan-2011 00:48
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Ok, thanks. When you decided to conduct the course, do pm me in case I missed your posting on the course schedule.
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crystal1818
Veteran |
26-Jan-2011 00:46
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Can tell us which stocks you will be looking at in the coming earnings season? i.e. ComfortDelgro, CapitalMall Asia and DBS? Thanks.
In your earlier post, you mentioned that you buy before the trading start i.e. 8.59am so how do you know at what price to Q and get filled? Thanks for enlightening.
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BullishTempo
Supreme |
26-Jan-2011 00:45
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I can share but please do your own research yeah? Wah.. suddenly outside rain.. a sign? lol... Anyway, I almost wanted to do this before market close but decided to wait for signal from Dow first. Shorting Capitaland and Yanlord. But have to see how much the gap-down is at the opening tomorrow. If too risky, I will not enter.
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BullishTempo
Supreme |
26-Jan-2011 00:40
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Have to wait till I get my license. One step at a time bah.
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crystal1818
Veteran |
26-Jan-2011 00:40
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Hi BT, can share with us the property and commodity counter you are looking at? What a pity didn't follow you to buy KepLand on Mon otherwise, yesterday can have some profits for CNY. :(
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crystal1818
Veteran |
26-Jan-2011 00:37
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Good luck, BT! I'm sure you will pass the test as you are expert in this trade. ^_^ That's to say you are not conducting the course anymore? What a disappointment. :(
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ic1990
Senior |
26-Jan-2011 00:17
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some advice needed. I have ST Engg. Should I hedge against a drop in price before 11 feb when results out? | ||||
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ic1990
Senior |
26-Jan-2011 00:15
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waiting for wilmar to break 5.34 support. currently short @ 5.38. go go go sell down sell down!
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