*Official* Genting SP

xtwis7

xtwis7

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The holding/buying pressure is still very strong. Once go back down only will go back up shortly.
 
something

something

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compro_1975 said:
wow u still gain alot, actually u can sell anytime since ur cost is 0.88 unlike my 1.6++ still got a long wait to go :(
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still have 10lot in hand... :s13:

after calculate, this 10lot is 1.110463 avg cost,
 
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Milo-Dino

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xtwis7 said:
I think it will. I'm basing it on the past 1-2 yr trend. The double bottom was completed so just entering based on that and early cny.
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Ya. I was hoping it would retest the neckline for me to enter.
 
Departure81

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Dividends Warrior said:
Wow! Tats realy high! :eek:
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Yup. I blindly listened to my broker who told me it would go up to 2.30 then can sell. Although losing quite a lot of money, It was worth it to me though, taught me a valuable lesson. Don't blindly listen to the advice of other people. Always do your own research and don't get influenced by others!
 
Mecisteus

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Departure81 said:
When you feel sad, think of me and my 2.07 entry price. Don't despair!
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nobody can really be a god to time at the lowest price and expect the price to go higher after the purchase.

what is important is your action after the 1st purchase. if prices keep falling, what are your actions?

1) cut loss
2) add more shares
3) do nothing

most retailers are too afraid or emotional and tend to choose option (3), then complain they are stucked at a high price. you must be firm of your decision from the very 1st purchase and anticipate what your actions are going to be if your share prices keep falling.

just to share from my own experience, the widest gap of share prices i ever purchase at are from $2.20 to 50 cents. in the end, i still manage to sell the shares at $1.30+. so the key points are patience, courage and $$$ management. the last point is very important because you must not average down a stock and end up with 80% allocation into that stock. this is a bad $$$ management.
 
Departure81

Departure81

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MikeDirnt78 said:
nobody can really be a god to time at the lowest price and expect the price to go higher after the purchase.

what is important is your action after the 1st purchase. if prices keep falling, what are your actions?

1) cut loss
2) add more shares
3) do nothing

most retailers are too afraid or emotional and tend to choose option (3), then complain they are stucked at a high price. you must be firm of your decision from the very 1st purchase and anticipate what your actions are going to be if your share prices keep falling.

just to share from my own experience, the widest gap of share prices i ever purchase at are from $2.20 to 50 cents. in the end, i still manage to sell the shares at $1.30+. so the key points are patience, courage and $$$ management. the last point is very important because you must not average down a stock and end up with 80% allocation into that stock. this is a bad $$$ management.
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If I like the stock, I will average down. Thats why I averaged down Noble from 1.78 to average cost of 1.18. The problem is I don't believe in Genting. Made the biggest mistake of all, and that was to listen blindly to the tips of others. Thats why i didn't average down. Probably should have sold it off early to cut loss, but what can I say? I know its silly, but I hate selling at a loss.
 
remy3413

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Departure81 said:
If I like the stock, I will average down. Thats why I averaged down Noble from 1.78 to average cost of 1.18. The problem is I don't believe in Genting. Made the biggest mistake of all, and that was to listen blindly to the tips of others. Thats why i didn't average down. Probably should have sold it off early to cut loss, but what can I say? I know its silly, but I hate selling at a loss.
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Just be patient and maybe spread some rumors to uncle and aunties, they like to play homegrown counters :D

Positive or negative news, see how you view it, MGM China has been approved by the government of Macau to build 1 more casino

Either you can see it as gambling demand is picking up or increased competition for the gambling industry
 
Departure81

Departure81

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remy3413 said:
Just be patient and maybe spread some rumors to uncle and aunties, they like to play homegrown counters :D

Positive or negative news, see how you view it, MGM China has been approved by the government of Macau to build 1 more casino

Either you can see it as gambling demand is picking up or increased competition for the gambling industry
Click to expand...

Hahaha as long as can sell at a not so big loss I will be glad..
 
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