No, it is called "Shorting". Means sell high first, then buy back low. 

starry1818      ( Date: 24-Aug-2010 23:21) Posted: Oic. Pardon for asking stupid question, if traded from 1.59 to 1.53 that means average out your trading? Cheerio. Do you think it's time to buy now at 1.54 or still needs to observe further? BullishTempo      ( Date: 24-Aug-2010 23:16) Posted: Could have shorted from 1.59 to 1.53

Oic. Pardon for asking stupid question, if traded from 1.59 to 1.53 that means average out your trading? Cheerio.

Do you think it's time to buy now at 1.54 or still needs to observe further?

BullishTempo      ( Date: 24-Aug-2010 23:16) Posted: Could have shorted from 1.59 to 1.53   starry1818      ( Date: 24-Aug-2010 22:45) Posted: Ok, will do. Thanks eastcivic and BullishTempo for your advice. Pardon for asking, why it's sayang not to go in at 1.58 or 1.59? Shldn't it be lucky not to go in at this price since the price has dropped?

Ok, will do. Thanks eastcivic and BullishTempo for your advice.

Pardon for asking, why it's sayang not to go in at 1.58 or 1.59? Shldn't it be lucky not to go in at this price since the price has dropped?

Just a gentle reminder that Genting is one of the 30 STI component stocks. 

Although the STI still looks good,

       if you take a look at all  the individual stocks on SGX,

             you will find that the market is really sickly of late.

                   This is why I totally ignore the STI  in my trading decisions...

But if one bets small,

    one can never hope to be rich.

          But if one bets big,

               one may also never hope to be rich...

                    Thus,

                           It is all a matter of whether the Good Lord

                                Cai Shen Ye lends a helping hand... 

Let us see how the market reacts to this piece of news tomorrow morning. 

alexng      ( Date: 24-Aug-2010 18:59) Posted: this is why they ngeh ngeh don't go down   Type : Announcement Subject : PROPOSED ACQUISITION OF CASINO BUSINESSES IN THE UNITED KINGDOM FROM GENTING SINGAPORE PLC FOR A CASH CONSIDERATION OF £340 MILLION Contents : - Announcement Details : (The definitions used in this announcement shall have the same meanings as that used in our announcement dated 1 July 2010 (“Initial Announcement”) unless stated otherwise.) We refer to the Initial Announcement and the announcement dated 9 August 2010, both in relation to the above. On behalf of GENM’s Board of Directors, we wish to announce that GENM’s shareholders have approved the resolution in relation to the Proposed Acquisition, as set out in the Notice of EGM dated 9 August 2010, at GENM's EGM held today. This announcement is dated 24 August 2010. niuyear      ( Date: 24-Aug-2010 17:12) Posted: tomorrow,  they need bigger  'ngeh ngeh'  to cover.........hahahah

Like I said, she may need the money to buy a house, a yacht, a car. You will never know. Too early to reach a conclusion, and frankly speaking, 300 lots is not much. 

Thanks dealer! No matter what, this is positive news for Genting Singapore... but the market did not seem to react very well to the news today. I wonder why? 

So it looks like a director sold 300,000 of her Genting shares at 1.59 today.  So one of the reasons why Genting went bearish? But frankly speaking 300,000 is not a lot, and may not influence market much. There could be many reasons why she want to sell, maybe she wants to get a new house? or a new yacht? Certainly, not because she lacks faith in Genting since she still has more than 500,000 genting shares.

artng25      ( Date: 24-Aug-2010 17:10) Posted: NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST * * Asterisks denote mandatory information   "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."   Name of Announcer * GENTING SINGAPORE PLC   Company Registration No. 003846V   Announcement submitted on behalf of GENTING SINGAPORE PLC   Announcement is submitted with respect to * GENTING SINGAPORE PLC   Announcement is submitted by * Christine Tan   Designation * Assistant Secretary   Date & Time of Broadcast 24-Aug-2010 17:07:19   Announcement No. 00029       >> ANNOUNCEMENT DETAILS The details of the announcement start here ...   >> PART I   1. Date of notice to issuer * 24-08-2010     2. Name of Director * Tjong Yik Min    3. Please tick one or more appropriate box(es): *   Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]     >> PART II   1. Date of change of Interest 23-08-2010     2. Name of Registered Holder Tjong Yik Min     3. Circumstance(s) giving rise to the interest or change in interest Sales in Open Market at Own Discretion     # Please specify details   4. Information relating to shares held in the name of the Registered Holder   No. of Shares held before the change 835,600   As a percentage of issued share capital 0.007 %   No. of Shares which are subject of this notice 300,000   As a percentage of issued share capital 0.002 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 1.59     No. of Shares held after the change 535,600   As a percentage of issued share capital 0.004 %       1. Date of change of [Select Option]     2. The change in the percentage level From % To %   3. Circumstance(s) giving rise to the interest or change in interest [Select Option]     # Please specify details   4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:     >> PART IV   1. Holdings of Director , including direct and deemed interest :   Direct Deemed No. of shares held before the change 835,600   0   As a percentage of issued share capital 0.007 % 0 % No. of shares held after the change 535,600   0   As a percentage of issued share capital 0.004 % 0 %   Footnotes (1) The percentages of interest referred to before the change are computed based on 12,169,718,207 issued shares as at 12 April 2010. (2) The percentages of interest referred to after the change are computed based on 12,171,378,207 issued shares as at 23 August 2010.     displayAttachments_LN:: displayAttachmentsLength_LN:: Attachments Total size = 0 (2048K size limit recommended)

Old people always told me that, life is about betting.

No risk, no gain.

If you wan to be rich, u got to bet. Nothing is sure in this world.

The important thing is how u bet it.

Some people can bet till losing their mind.

Some people bet with strategy.