Latest Forum Topics / Genting Sing Last:0.87 -0.005 | Post Reply |
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BullishTempo
Supreme |
05-Dec-2010 08:06
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You meant this question? I don't trade US market as yet, due to the late hours.
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Gaecia
Elite |
05-Dec-2010 00:48
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hi bt, wld u like to reply my previous post? |
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BullishTempo
Supreme |
05-Dec-2010 00:46
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ASIA MARKETS Dec. 4, 2010, 6:00 a.m. EST Asian central banks unlikely to hike next week‹ Previous Column First Take › By Michael Kitchen, MarketWatch HONG KONG (MarketWatch) — Three of Asia’s central banks have policy decisions in the week ahead, but none seems likely to hike interest rates, after a wave of weak economic data swept through the region. First up will be the Reserve Bank of Australia, which is due to announce its cash-rate decision Tuesday afternoon in Sydney. The RBA hiked the policy rate at its last meeting in early November, surprising the markets with a quarter-point increase to 4.75%. But economic numbers released this past week suggest a sizeable pause is coming. Third-quarter gross domestic product data showed the economy slowing to 0.2% growth from the previous quarter, well below the revised 1.1% growth clocked in the April-to-June period.See report on Australian GDP data. Adding to the gloom, Australia also reported a sizeable 1.1% drop in October retail sales, even as economists surveyed by Dow Jones Newswires had tipped a 0.4% gain. Add to that a late November statement from RBA Gov. Glenn Steven that policy setting are at an appropriate level for the time being, and it looks likely that Australia will hold its monetary fire for some time to come. In fact, Dow Jones Newswires reported economists see any further tightening as off the table until at least the middle of next year. South Korea, New ZealandOn Thursday, the Reserve Bank of New Zealand is due up, and here chances are slim for any sort of action. The bank hasn’t raised its overnight cash rate since late July, when a quarter-point hike pushed the benchmark to its current 3.0%. This is all the more so given New Zealand’s subdued inflation outlook, with a survey this past week by the National Bank of New Zealand showing businesses expect an average inflation rate of 2.86% for the coming year, down from 2.91% in the previous month’s survey, according to Reuters. Reuters also cited expectations that much like its Australian cousins, the RBNZ could remain on hold until the second quarter of 2011. Rounding out the monetary-policy trio, the Bank of Korea is also slated to make its rate decision Thursday morning, with only a slim chance of a hike there. Like Australia, South Korea’s central bank tightened the policy rate at its most recent meeting, raising it to 2.5% with a quarter-point hike. However, unlike Australia, the Bank of Korea’s recent hike came after a three-month pause in rate moves, and a surprise drop in industrial production data released this past week adds to reasons why a second-straight increase is unlikely. South Korean industrial production shrank 4.2% in October from the month before, marking the third consecutive drop despite economists’ average forecast for a 0.6% rise, according to Dow Jones Newswires. At its October meeting when the central bank stood pat, it cited — among other things — “the possibility of the heightened volatility of economic activity and exchange rates.” While it was referring to other currencies’ rates, the recent wild ride for the Korean won due to escalating tensions with North Korea may offer yet another reason for the central bank to hold fire for now. More to comeAlso on East Asia’s docket for the week ahead are data Wednesday for Japanese balance of payments and core machinery orders, the latter considered a key leading indicator for capital spending. A day later, Japan will announce the revision, if any, to its third-quarter economic growth. Also scheduled are Australian unemployment numbers for November, due Thursday, and Chinese trade data for November, due Friday (though China does have a tendency of changing the timing of its economic data releases at the last moment). Michael Kitchen is Asia editor for MarketWatch and is based in Los Angeles. |
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BullishTempo
Supreme |
05-Dec-2010 00:41
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MARKET PULSE Dec. 3, 2010, 4:52 p.m. EST CBS: Bernanke doesn't rule out more bond-buysRelated storiesBy Greg Robb WASHINGTON (MarketWatch) - Federal Reserve Board Chairman Ben Bernanke will tell "60 Minutes" that he won't rule out expanding the Fed's $600 billion bond-purchase plan, CBS News said Friday. In a preview of the interview sent in a press release, CBS said Bernanke "explains why the Fed announced its intention to buy $600 billion in Treasury securities, defending against charges the move will lead to inflation and not ruling out the purchase of more." U.S. financial markets rallied in closing minutes of the trading day after the release was sent out shortly after 3:30 p.m. |
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watermelon
Veteran |
04-Dec-2010 23:23
Yells: "A bird in the hand is worth two in the bush." |
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Congrats , Sis , as long is profit , it's good enough !! PROFIT is always better than LOST :-) Market is always there for us !!
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iPunter
Supreme |
04-Dec-2010 21:24
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You are right... Trading is never an easy way to earn money. So-called 'trading' is in reality nothing but betting on the outcome. While it sounds good, it is not the same as trading in a strict commercial sense. And this misunderstanding is the reason why many professionals, such doctors, engineers, accountants, academics... you name it, have even tried giving up their usual careers to take up 'trading for a living'. In reality, it is 'betting for a living', which is a different kettle of fish than trading. And successful betting requires a totally unexpected skill-set...
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rabbitfoot
Veteran |
04-Dec-2010 21:21
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As i see it, next week is good week to Buy...All signals are bullish. Blue chips and GenS will lead the way. Good to plan your strategy. Thinking of off-loading GenS bought at 1.96 and jump to some blue chip (SGX, CapLand ) or maybe play Contra with blue chips....ehmmmm | |||||||
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lowchia
Veteran |
04-Dec-2010 21:03
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Actually i also agree that ppl should learn to trade and understand the market before trading. Otherwise you will paid a high price for your lessons. Do not understand? Dun trade! Or put in effort to learn, trading is never a easy way to earn your money |
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lowchia
Veteran |
04-Dec-2010 20:59
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On Friday, Genting SP re-tests the major resistance at $2.13 and closed at $2.09 with HIGH volume of 0.201 billion shares traded. Separating lines occurred. If the lines occur during an uptrend and the first line is black and the second is white then this suggests that the uptrend should continue. Both RSI & MACD are turning bullish as MACD about to perform a “golden cross”. Important Resistance of Genting SP: $2.13 Immediate Support of Genting SP: $1.95 Currently prices are resisted by 20/50 days MA at $2.13. It seems that Genting SP began to turn bullish as investors tried to break above the $2.13 resistance at high volume on Friday. The major resistance at $2.13 is expected to be strong and would required high buying pressure to break through. SEE ANALYSIS FOR RAFFLESEDU But do watch out for any breakout at $2.13 in the coming week if interested in the fundamental of the gaming industry in Singapore. |
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iPunter
Supreme |
04-Dec-2010 17:40
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When I say to newbies "Do not play shares", I have my good reasons. And I am sure newbies who followed my exhortation would have saved quite a bundle, because "Not loosing is already winning". Most people, all of them being human, will learn only the hard way, that is, they learn by (bad) experience. But often, being human, they also will continue to be learning at any point in their lives. But once humans have mastered their human instincts, they would have progressed much...
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pharoah88
Supreme |
04-Dec-2010 16:11
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Gaecia
Elite |
04-Dec-2010 14:30
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hello Epl, regarding osim I've never been vested in this counter so just to make things clear. The reason i mentioned osim last fri was merely to highlight its celestial rise from the grave during '09 financial crisis. It was Not meant as a call for anyone who'd read it to buy, imo it seems more like a speculative counter supported by some market forces (until it doesn't). I'm very new to investing on sgx, started out just this Jul thus I hav no knowledge of Yzj and Cosco's past performance relating to overseas listings in last few years & unable to make a comparison. Prior to that I was elsewhere. Osim you hav to use your own due diligence, I normally don't spend time to follow up on companies which i'm not vested in order not to lose focus. Already there are whole lot of homework & news reading to do which keeps me up on most nights.
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rabbitfoot
Veteran |
04-Dec-2010 14:14
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"Citi says that Singapore gaming counters are 'our top global gaming picks". Next year will indeed be Boom Year for GENS. | |||||||
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elton81
Master |
04-Dec-2010 13:55
Yells: "$$ very hard to earn :(" |
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Very true.. Blade should just do paper trading for 2-3 mths and familiarize urself with how the market goes during certain time.. Really can save alot of sch fees.. I learnt it the hard way.. Lost like 20k b4 I start to know what I am actually doing.. Until now still learning but making progress liao.. One thing is never be over confident and mau big big.. The pain will be unbearable when things don't turn out ur way.. Just play within how much u can handle to lose.. Like me now I stick to 10 or 20 lot nia.. Scare liao XD and I find that even if I were to cut it's not painful :) cheers mayb will try more when I win 7-8 outta 10 of my bet. :)
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rabbitfoot
Veteran |
04-Dec-2010 13:46
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Out of touch last week. From what i gathered, next week seems to be Bull week ! US turning arund, China to act on inflation next year and Analysts also positive on market. | |||||||
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iPunter
Supreme |
04-Dec-2010 12:29
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Like I said before, humans are all the basically the same, wherever they may be, or whatever their present or future wealth status. Humans will always be human. Only the gods are not prone to error. (If you know about the current TV drama "Ai" from Taiwan, you will see a whole gamut of human nature beautifully portrayed) . But more to the point later.
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icetomato
Elite |
04-Dec-2010 12:06
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Yup trading/ investment psychology is important.
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iknownothing
Senior |
04-Dec-2010 11:49
Yells: "INCOMING!!!!!" |
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plunter, blade soorrry to cut in your post..punter, what are the books u reccomend? i saw alot of books which do not know which are highly reccomended for read, because trading/investing in US and Singapore is totally different unless i going into US market.. Cheers!
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aquilaclanga
Member |
04-Dec-2010 11:41
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Nvm...just found out how.. Thanks anyways for those who read.
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aquilaclanga
Member |
04-Dec-2010 11:36
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Hi all, Just a question, how do u find out the support for a stock? sorry if im asking a stupid question, trying to learn as much as i can. cheers!! |
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