Latest Forum Topics / Genting Sing Last:0.845 -- | Post Reply |
GenSp starts to move up again
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blackstreams
Senior |
05-May-2010 16:25
Yells: "virtus; patiens; felicitas" |
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Don't quite agree with you iPunter. All the economic indices (besides the PIIGS) are looking up, companies balance sheets are showing increasing demand and profits are not only because of cost cuts. Well, the journey to recovery is never smooth. Like u say, it's an artificially propped up economy but I trust the US govt to withdraw the stimulus package slowly and at appropriate times, which stabilises the world markets somewhat. Also, hot money will flow out of the PIIGS and into Asia and the US bourses. I think this season will be like last year and the "sell in May" view might not be true this time round. Am vested about 50% currently. Will top up to 80% over the next two months and 20% held for reserve in case I'm wrong. Hopefully I read the situation right. Cheers. | ||||
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iPunter
Supreme |
05-May-2010 16:17
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You would have been perfectly correct... But unfortunately, this time round, it is not the 'natural' economy in operation... It is an artificially propped up economy... Thus, it may not follow the normal 'rules' of economics... It's a beast, if you will...
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alexchia01
Elite |
05-May-2010 16:15
Yells: "Catch The Stars And Ride With Them" |
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There is no right or wrong in averaging down or cutting loss. To cut loss or to average down depends on whether you are trading Genting or investing into Genting. The objective of a trader is to get cash flow. This is why he must preserve his capital by cutting loss. So he can leave to fight another day. The objective of an investor is to create long-term wealth. This is why he must accumulate stocks by averaging down. So he will has greater gain when the stock climb higher in the future. Instead of asking whether should you cut loss or averaging down, you should ask if you want to trade Genting or Invest in Genting. |
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iPunter
Supreme |
05-May-2010 16:14
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Great post, Matrixneo... But as you speak, many are already "pok!" ... and holding onto huge loads of blue chips acquired in suchly manner... |
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Laulan
Master |
05-May-2010 16:12
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Generally, I think you should buy now because it is not easy to find a time like this when the global financial status is moving upwards because of some of the following reasons: The economic machine is learning and moving away from a trough experienced in recent years, eg. lehman, iceland, thailand, greece. Positive contributions of the economy from Chinese economic expansion not forgetting India's to include are prevailing. USA grows smarter in dealing with problem areas not clearly seen before. Thankfully pitholes being constantly looked out for could be avoided or tackled, and solutions are created continually as it tackles the "unhidden enemy" that once upon a time could be treading very stealthily. Of course I am looking at the optimistic view. I hope I am not wrong, and there are many good reasons around too lengthy to elaborate. Cheers.
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freshmind
Senior |
05-May-2010 16:09
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Life is cruel. If we don't buy more, we can't cover back the lost we have in faster speed but once we buy, it keep dropping and lose in triple speed, at the end, lost of direction...
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iPunter
Supreme |
05-May-2010 16:05
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Have Budweiseer will stay....
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matrixneo
Member |
05-May-2010 16:04
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this is so true...let me share with my real stories of averaging down for both myself and my ex-colleagues: We werent any experience traders...so see others buy we buy, others average down we follow blindly. But ask yourself, how much can you average down? When will be the time you quit averaging down? Do you have enough firing power? The stocks we went in were famous blue chips which went from S$5 to $3 within a year...after averaging down, went down further $1 and become one of the penny stocks...now the co has been taken over by some foreign tycoons and have since delisted. Same for unit trusts. Some agents keep advising averaging down prices but what happened to some of the counters? Also closed. So do it with a limit if you must. The same advice goes "trade with brain and not heart" Cheers
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freshmind
Senior |
05-May-2010 16:00
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I mean in general all the shares, don't mean Genting sp only. I noticed the shares start keep dropping in the month of May 2010 and World Cup commences in June 2010, wondering will get stuck for two months if I step i now...??? | ||||
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OO123123
Member |
05-May-2010 15:58
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i punter..i must agree..i really enjoy reading your posting thanks for all the hints & clue..( even sometimes i 'liak bor kui' [catch no ball]) hahaha...
hope you will b ard to share more knowledge....i hope to belanja you budweiseer..kikiki
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AnthonyTan
Elite |
05-May-2010 15:57
Yells: "patience" |
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FYI, 1Q result is 13 May 2010. Why did u mention till July 2010. Wat's up in july 2010??????
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iPunter
Supreme |
05-May-2010 15:54
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July is a long time away... In the meantime there could be spewing of volcanic ashes in the desert... |
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freshmind
Senior |
05-May-2010 15:51
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The share prices in most of the counters are falling down... Is the right time to buy or hold till July 2010??? Anyone please advice...thank you. | ||||
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boyikao3
Master |
05-May-2010 14:33
Yells: "Money or reputation ?" |
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Why dun u offer him your honey ?
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iPunter
Supreme |
05-May-2010 13:25
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If I don't enjoy the forum, I wouldn't be here at all... But I am also here because then I will have the chance to offer Uncle AK more Carlesbergs... hehehe... |
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wishbone
Master |
05-May-2010 13:17
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iPunter, u must not only "see open" but also always "open heart" then u won't be bothered by all these.Just enjoy the forum of what others like or have to say. Good or bad, just be it. Cheer!!!!!
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babyboymi
Member |
05-May-2010 13:15
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actually i always dun understand the word like "gian gian". haha yes, that's why i say u r helpful |
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iPunter
Supreme |
05-May-2010 13:12
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I am 'active' mainly because I have in mind to benefit the stock market newbies who are here... Although I don't give stock tips, I do copiously dish out essential market knowledge which should benefit newbies... But alas... Ironically, it is the newbies who are usually vehemently antagonistic... Simply because they are 'gian-gian' to make a lot of money fast!... So much so that I must practise the way of 'see open' ... hehehe...
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pharoah88
Supreme |
05-May-2010 13:05
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Stage lights go out at MBS >> Yesterday’s power failure, which lasted for almost 30 minutes and which occurred after Singapore’s Chief Justice Chan Sek Keong had delivered his speech and left the conference, was the last straw for some participants, who checked out and moved to other hotels around Singapore, sources said. Several delegates whom MediaCorp spoke to were clearly frustrated. Malaysian lawyer Cecil Abraham told MediaCorp: “We were told to wait for 10 minutes for the (blackout) problem to be fixed, but that didn’t happen. We were then moved into a smaller room where speakers had to go without microphones. And considering that you had three judges as your speakers, it’s really quite terrible.” He added: “There was a great deal of expectation before we attended the conference but the facilities have been a disgrace. You wouldn’t have expected hiccups like these — they happened one after another.” Indian lawyer Sumeet Kachwaha, who sits on the IPBA Council, said the facilities at MBS had created “a very bad impression of Singapore”. “The many glitches have been a very big disappointment. So many things at the conference were so dysfunctional that it didn’t feel like we were holding a conference in Singapore.” A member of the IPBA organising committee told MediaCorp last night: “We tried to work very hard with MBS to ensure our delegates have a good experience. While the content of the conference has been excellent — with world-class speakers — the facilities of MBS have not been up to our expectations. “We’re deeply embarrassed by the unfortunate series of mishaps and substandard facilities.” An MBS spokesperson told MediaCorp it has been “working tirelessly” with the IPBA organisers to “ensure the success of its conference”. “We continue to work closely with them. We moved quickly to manage situations that are typical of all opening projects, in order to minimise inconveniences to delegates,” she said. Continued from Page 1
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babyboymi
Member |
05-May-2010 13:03
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but you r the most active one, haha
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