Latest Forum Topics / Genting Sing Last:0.765 -0.005 | Post Reply |
GenSp starts to move up again
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rolandchiau
Member |
19-Aug-2010 12:44
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Trading Vol. will be up later afternoon... let's see... | ||||
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iPunter
Supreme |
19-Aug-2010 10:56
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For it to do another fantastic surge like that last one (eg to 1.68, "yat lou fart"), it will require another really fantastic piece of 'earth-shaking' news. But with the negativity having crept in to dampen sentiment, namely the no-dividend issue and Bloomberg's technical analysis article, It is hard to imagine that happening. But if there indeed is such a piece of great news in the pipeline, then this one will go up to the moon!... |
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Laulan
Master |
19-Aug-2010 10:23
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Was waiting for 1.50 but never got it. So my strategy will be long 2 to 3 lots so as to play with time and averaging the buying. | ||||
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DnApeh
Master |
19-Aug-2010 10:22
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I do not see any harami pattern over the last two days. I think the pattern looks more like a pennant.
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hpong5
Master |
19-Aug-2010 10:19
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I think it's better to wait first. Anyway, it's ur call. Cheers!
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Laulan
Master |
19-Aug-2010 10:16
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There are pros and cons with the latest news, not the investment in Europe, but the news on dividends possibly to be paid only in 2012/3 as it has to observe some conditions of the gambling licence on dividends. So buyers should be the asccumulators and sellers the cautious shorts. I will buy some lots at a time. Cheers. |
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hpong5
Master |
19-Aug-2010 10:15
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I think by next week the fall may accelerated. I think only....I think, you tot, who confirm? hehehe | ||||
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hpong5
Master |
19-Aug-2010 10:04
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I think those who know this news will not buy anymore. Most may sell. Those on margin may margin call, forced-sell. Those on contra lagi worst as time runs out. | ||||
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niuyear
Supreme |
19-Aug-2010 10:01
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One room to be asssinged to them. All 70 years and above only allowed to enter senior citizen club.
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iPunter
Supreme |
19-Aug-2010 10:00
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Then it should not only make them bite their nails... but also pull their hair and shiver in their pants!... hehehe... |
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bishan22
Elite |
19-Aug-2010 09:59
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Took profit already and yesterday enjoyed myself in WRS with 1K gaming chip. Lost but play like a king on the table. Shiok shiok. | ||||
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niuyear
Supreme |
19-Aug-2010 09:59
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There is Lady's club in RWS. Senior citizens' club on the way? Slot machines with 1 cents , only reserve for the senior citizens. | ||||
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hpong5
Master |
19-Aug-2010 09:57
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Bloomberg's datas and news are widely used by professionals, traders, investors, etc. etc. to make decisions.
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iPunter
Supreme |
19-Aug-2010 09:52
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That piece from Bloomberg may make some people bite their nails... hehehe... |
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hpong5
Master |
19-Aug-2010 09:31
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Genting Singapore may fall on candlestick: Technical analysis Genting Singapore Plc, operator of one of two casino resorts in the city-state, may fall as a bearish candlestick pattern emerged after the stock surged to a record, according to OCBC Investment Research. “Judging from the candlestick that emerged, the rally could have peaked,” Philip Teo, a technical analyst at OCBC Investment, said in an interview. “A strong correction could kick in over the next couple of days.” Genting soared to a record close on Aug 13, a day after the company reported it returned to profitability in the second quarter on positive contributions from its casino resort in Singapore and as analysts upgraded their stocks ratings. The stock climbed as much as 31% from the Aug 12 close through a record intra-day high of $1.68 on Aug 17 before it started falling, according to Bloomberg data. That decline helped create a long black candlestick with long upper shadow, indicating a potential reversal of the recent rally, Teo said. “This will likely lead to a sharp correction,” Teo said. “The stock could retrace back to $1.30.” That was the previous record high set in December. Genting Singapore rose 2% to $1.55 yesterday. That helped form a so-called harami reversal pattern, Teo said. Candlestick charts show information on opening and closing prices and the trend within each trading period. If the closing price is above the open, the candlestick is clear, or white, indicating a bullish trend. If the stock closes lower than it opened, the candlestick is black, or bearish, according to StockCharts.com. Harami Origins A harami pattern is formed if the range between a security’s opening and closing prices falls within the equivalent range from the preceding day. The name, which is derived from the Japanese word for pregnancy, comes about because the body of the second day’s candle would fit within that created the day before. Technical analysts observe price charts to forecast resistance levels, or ceilings restricting further price increases, and support levels, or floors limiting declines. They use trading patterns and prices to predict changes in a security, commodity, currency or index. Source: Bloomberg |
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iPunter
Supreme |
19-Aug-2010 09:14
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Your welcome
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pharoah88
Supreme |
19-Aug-2010 09:12
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WHY thEn ? ? ? ? HiGHEST ORDER CERTIFIED INTEGRITY ? MOST TESTED & CERTIFIED FAIRNESS ? iN thE WORST ENSURED HELL ? ? ? ? [HEARD: WHERE even ALL GODS FEAR] called CASINO ? ? ? ?
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hpong5
Master |
19-Aug-2010 09:08
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Is ok no worries.. hehehe..
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iPunter
Supreme |
19-Aug-2010 09:06
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Sorry, I still don't get you... I am only most literate with my stock charts... |
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hpong5
Master |
19-Aug-2010 09:05
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Oh like which model version 1, 2, 3, 4, 5, etc. etc. hehehe...
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