*Official* Genting SP

[Mecisteus]

are u vested?

the longer a stock is in a trend (be it up or down), the stronger it becomes, and the harder it is to "change direction"

just look at apple, starhub, Shanghai exchange for example

this is not true lah. even if its a clear uptrend, if you happen to buy at the peak, you are screwed. and if its a clear downtrend, if you happen to short at the bottom, you are screwed.

Biosensors is a very good example. The 3 years chart from 2009 to early 2012 was a very clear uptrend. But those people who bought at $1.50 to $1.60 are still screwed. And i hear chartists "forced" to be a long term holder and average down all the way.

Looking at just trends can be very dangerous. If you are late in the game, you can be screwed. The stock valuations are important.

Actually the stronger the trend becomes, the stronger the opposite reaction will be. ie a strong uptrend is more likely to cause a sharp fall and a strong downtrend is more likely to generate a sharp rebound.

 

[Milo-Dino]

this is not true lah. even if its a clear uptrend, if you happen to buy at the peak, you are screwed. and if its a clear downtrend, if you happen to short at the bottom, you are screwed.

Biosensors is a very good example. The 3 years chart from 2009 to early 2012 was a very clear uptrend. But those people who bought at $1.50 to $1.60 are still screwed. And i hear chartists "forced" to be a long term holder and average down all the way.

Looking at just trends can be very dangerous. If you are late in the game, you can be screwed. The stock valuations are important.

Actually the stronger the trend becomes, the stronger the opposite reaction will be. ie a strong uptrend is more likely to cause a sharp fall and a strong downtrend is more likely to generate a sharp rebound.

nothing goes up in a straight line.

you quote biosensors, if the chartists have looked at it carefully, I believe before the first drop, there was a candle signifying that the short term trend might change.

Anyways, you are comparing a mid cap to all the blue chips I have quoted.... and blue chips tend to follow TA trendlines better overall

I'm just giving my 2cents... everyone is free to make their own assumptions/decisions...
cheers...

I'll look to collect some genting at 1.10 region where there was a previous consolidated band

 

[Carnage]

this is not true lah. even if its a clear uptrend, if you happen to buy at the peak, you are screwed. and if its a clear downtrend, if you happen to short at the bottom, you are screwed.

Biosensors is a very good example. The 3 years chart from 2009 to early 2012 was a very clear uptrend. But those people who bought at $1.50 to $1.60 are still screwed. And i hear chartists "forced" to be a long term holder and average down all the way.

Looking at just trends can be very dangerous. If you are late in the game, you can be screwed. The stock valuations are important.

Actually the stronger the trend becomes, the stronger the opposite reaction will be. ie a strong uptrend is more likely to cause a sharp fall and a strong downtrend is more likely to generate a sharp rebound.

Long term investors tend to avoid trends. Fundamentals are still most important to us.

 

[Mecisteus]

nothing goes up in a straight line.

you quote biosensors, if the chartists have looked at it carefully, I believe before the first drop, there was a candle signifying that the short term trend might change.

Anyways, you are comparing a mid cap to all the blue chips I have quoted.... and blue chips tend to follow TA trendlines better overall

I'm just giving my 2cents... everyone is free to make their own assumptions/decisions...
cheers...

I'll look to collect some genting at 1.10 region where there was a previous consolidated band

exactly. thats why i said, if you happen to be late at the wrong period of the trend, you are screwed.

in my books, i wont consider genting as a bluechip. just because its in the STI component, not necessarily makes it a bluechip. genting does not have the long track record criteria yet and it has not consistently pay out dividends.

since the trend is strongly down, shouldnt you have shorted?

 

[Carnage]

nothing goes up in a straight line.

you quote biosensors, if the chartists have looked at it carefully, I believe before the first drop, there was a candle signifying that the short term trend might change.

Anyways, you are comparing a mid cap to all the blue chips I have quoted.... and blue chips tend to follow TA trendlines better overall

I'm just giving my 2cents... everyone is free to make their own assumptions/decisions...
cheers...

I'll look to collect some genting at 1.10 region where there was a previous consolidated band

1.1 is really low! You're asking for more than 15 cents drop, in what time frame may I ask?

Not vested, but the valuations are getting more and more interesting. EBITDA-Interest ratio is at 21x, more than enough to cover. Cash is also more than debt by 1.3x!

 

[Careful Investor]

Genting dropped to 1.245. It has been dropping even when broader market is up. Don't know for how long it will continue its drop. Today maybe further affected by the negative news of LV Sands :

UPDATE 2-Las Vegas Sands earnings slump, miss forecasts - Yahoo! News Singapore

 

[Milo-Dino]

1.1 is really low! You're asking for more than 15 cents drop, in what time frame may I ask?

Not vested, but the valuations are getting more and more interesting. EBITDA-Interest ratio is at 21x, more than enough to cover. Cash is also more than debt by 1.3x!

i'm looking at within 2-3 months to be honest

 

[Carnage]

Genting dropped to 1.245. It has been dropping even when broader market is up. Don't know for how long it will continue its drop. Today maybe further affected by the negative news of LV Sands :

UPDATE 2-Las Vegas Sands earnings slump, miss forecasts - Yahoo! News Singapore

This is 1 of the signs of overselling.

 

[Milo-Dino]

exactly. thats why i said, if you happen to be late at the wrong period of the trend, you are screwed.

in my books, i wont consider genting as a bluechip. just because its in the STI component, not necessarily makes it a bluechip. genting does not have the long track record criteria yet and it has not consistently pay out dividends.

since the trend is strongly down, shouldnt you have shorted?

IGmarket doesn't allow shorting of genting...

and like you said, since it's already so low, I should be looking for others with more meat.

I did manage to short bio few days ago when a gravestone doji showed up

 

[compro_1975]

marching toward my marked price.... anyone knows when the echo saga will end?

 

[something]

go up 1.245 lor...

3 days ago, i sell at 1.2967...

 

[compro_1975]

Shall wait for echo first

 

[skyman1]

I think will drop to 69 cents

 

[Wannabe Richer]

Based on articles on asiaone, LVS' decline in profit caused the drop in GENS' price. But their profit decline was because "Lady Luck decided to side with the high roller.". Besides, occupancy for MBS rose.

LVS bad luck means GEN will have bad luck? Why are people expecting lousy performance from GEN? Seems like a temporary set back to me. Time to go in?

(GEN will release its reports on Aug 10 after trading hours)

Sorry if it's a stupid question, noob here.

 

[Investor Reeve]

I believe genting sp will be like Olam during last quarter result announcement. Before the result announcement, Olam share price keep on dropping regardless of overall market sentiment. And indeed the result was dissapointing and the share price tumbled. It is the same for genting sp now, the share price keep on dropping slowly and steadily, no matter how good the market sentiment is. So I believe the insider must have known something bad about the company, and they will surely inform their close ones, thus the share price cannot be supported. After the bad news officially announced, the share price gap down and it is due to market panic by victims who got the news too slow. This is just my opinion, I'm very bearish about genting solely due to the price action, fundamental wise I think it is still sound and solid.

 

[Vincent_G]

I believe genting sp will be like Olam during last quarter result announcement. Before the result announcement, Olam share price keep on dropping regardless of overall market sentiment. And indeed the result was dissapointing and the share price tumbled. It is the same for genting sp now, the share price keep on dropping slowly and steadily, no matter how good the market sentiment is. So I believe the insider must have known something bad about the company, and they will surely inform their close ones, thus the share price cannot be supported. After the bad news officially announced, the share price gap down and it is due to market panic by victims who got the news too slow. This is just my opinion, I'm very bearish about genting solely due to the price action, fundamental wise I think it is still sound and solid.

But, Genting is up 2.45% today (30th July), ahead of STI... It's very volatile stock, just like gambling industry...

 

[something]

But, Genting is up 2.45% today (30th July), ahead of STI... It's very volatile stock, just like gambling industry...

1.295...

too bad only buy in 5 lot at 1.2400...

 

[Milo-Dino]

1.295...

too bad only buy in 5 lot at 1.2400...

Remember to be nimble since it might just be month end window dressing.

 

[something]

Remember to be nimble since it might just be month end window dressing.

my avg cost is around 0.85...

 

[liankai999]

2 huge block buys in the last 3 hours. Something is up.