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Let's say you have bought millions and millions of shares at a high price and now you want to sell them away because you expect the downtrend to continue. The only thing to do is to sell in spurts (in small batches) at good prices. And wait for the price to rally a bit 'by itself', and then repeat the process many times until all are sold... Many other big holders can also be having a similar view and doing something similar too... 
Hawkeye ( Date: 15-Aug-2012 10:17) Posted:
Ya when people do not want to queue and go for direct selling.
I will call a sell down unless it is short selling. Is it short selling? Normally shortist will follow sell down or when people take profit, I do not think GenSp this last week had any profit to take!
iPunter ( Date: 15-Aug-2012 10:12) Posted:
Not necessarily more people (in terms of numbers) are selling...
It can also mean that people with huge holdings are letting go at good prices (rallies)...
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Ya when people do not want to queue and go for direct selling.
I will call a sell down unless it is short selling. Is it short selling? Normally shortist will follow sell down or when people take profit, I do not think GenSp this last week had any profit to take!
iPunter ( Date: 15-Aug-2012 10:12) Posted:
Not necessarily more people (in terms of numbers) are selling...
It can also mean that people with huge holdings are letting go at good prices (rallies)...
Hawkeye ( Date: 15-Aug-2012 10:04) Posted:
Means more people are selling than buying.
I will expect GenSp may go back to 2010 Casino pre Open level of 90 cts to 1.08 |
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Strong resistance at 1.315. Caution. 
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Not necessarily more people (in terms of numbers) are selling...
It can also mean that people with huge holdings are letting go at good prices (rallies)...
Hawkeye ( Date: 15-Aug-2012 10:04) Posted:
Means more people are selling than buying.
I will expect GenSp may go back to 2010 Casino pre Open level of 90 cts to 1.08.
loserloser ( Date: 15-Aug-2012 10:01) Posted:
| wat do u suggust? dun buy?? coz I still thinking of going in at 1.27~1.275.....
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Means more people are selling than buying.
I will expect GenSp may go back to 2010 Casino pre Open level of 90 cts to 1.08.
loserloser ( Date: 15-Aug-2012 10:01) Posted:
wat do u suggust? dun buy?? coz I still thinking of going in at 1.27~1.275.....
iPunter ( Date: 15-Aug-2012 09:57) Posted:
Looking at this counter's chart for the past weeks,
one can see that the big downspurts are on very high volume,
whereas the up moves are on low volume...
Techies may like to have a look at the chart...
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wat do u suggust? dun buy?? coz I still thinking of going in at 1.27~1.275.....
iPunter ( Date: 15-Aug-2012 09:57) Posted:
Looking at this counter's chart for the past weeks,
one can see that the big downspurts are on very high volume,
whereas the up moves are on low volume...
Techies may like to have a look at the chart...
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Looking at this counter's chart for the past weeks,
one can see that the big downspurts are on very high volume,
whereas the up moves are on low volume...
Techies may like to have a look at the chart...
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every counter is falling like hell.... Genting is holding well. It's time to go in, shld b moving up slight more today.
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True, that true. It's call 'elephants fighting'among themselves'.. lol... (big or small bet, irregardless)
Genting SP is holding up well enuff,it hit top 5th in SGX listed, (for traders to do their trading activities)
| Genting SP |
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1.245 |
1.280 |
+0.035ct |
+2.8% |
Volume changed hands - 55,544,000 |
iPunter ( Date: 12-Aug-2012 15:12) Posted:
Most probably this stock will continue on a slow downtrending mode,
since the 'story line' now is that gambling by local people has reached saturation,
and efforts are being made to attract foreign high-rollers to keep the ball going.
But in view of the many alternative casinos in the region in the pipeline, this may
not provide much of a boost. Nevertheless, there will be betting opportunities...
risktaker ( Date: 12-Aug-2012 14:46) Posted:
| I see no future ..... In genting ..... Sell ..... Likely to open below 1.20 on Monday ..... |
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Interesting, it reovered what was lost yesterday but with half the volumn of yesterday.
Has it found the bottom? I'm still searching for confirmation.
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So Call "Big Fat Sheet"
iPunter ( Date: 13-Aug-2012 17:25) Posted:
It has been falling like sheet for some time already...
Today it still dropped like sheet (- .035)
The smart money usually buy on bad news. But today, it is
still falling... thus a continued downtrend is more likely...
oldflyingfox ( Date: 13-Aug-2012 17:10) Posted:
| did not drop much after the poor result, I think the current price already somehow factor in. |
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Up Up Up.
Buy Buy Buy.
Ha Ha Ha.
rotijai ( Date: 13-Aug-2012 16:21) Posted:
this ship always like to die slowly..
may be it's too big :)
of course a lot ppl will say it's well supported now..
i would agree with u all it looks well supported now..
1-2 months ago it was well supported at 1.42.. then 1.38.. then 1.35..
a few weeks ago it was well supported at 1.32.. then 1.28...
now it looks well supported at 1.22-1.23..
the prob is we will never know this " well supported" can last for how long? :)
rutheone1905 ( Date: 13-Aug-2012 15:51) Posted:
| good guess! need ppl like u to support the price dive...keep buying, cheers |
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Wow, genting 1.28!
http://stockmarketmindgames.blogspot.sg/2012/08/genting-sp-indispensable.html
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That's accurate sir!
JustinQuek ( Date: 14-Aug-2012 00:06) Posted:
Didnt i Say that it will open 1.245 and rise
It open 1.235 and rose to 1.26.?
Wasnt that accuracy compared to others that say below $1 below 70 cents. below $1.20
Imma find my post to substantiate my words.
warrenbegger ( Date: 13-Aug-2012 19:52) Posted:
I told u i very lucky already :)
*Lucky is a humble way to express myself now :) |
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Might form base at $1.25?
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Genting's still super bearish, dont catch a falling knife!
wesely2k ( Date: 14-Aug-2012 10:31) Posted:
| Genting- ji mai si liao ! |
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-0.005
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