hmm some TA traders were saying few days ago that it could drop to 2.15 but i went ahead to buy more above 2.20 levels because i'm not too afraid of some correction and rather face it that miss the boat

see gensp i still remain calm... because anyway whole market is down STI -30

but see Chinanewtown really vomit blood... now at 0.160/0.165... 1 mm away from me from cut loss point...

ok back to work for me... really busy day didn't even check prices since morning.

fainted look at genting... so heavy selling, now i can't concentrate at work liao!~

looks like good opportunity for those wanting to go in... STI - 37 with USD$ strengthening? but US going to print dollars soon right??

oh idiot me forgot i had placed a cut loss point at 2.11 as insurance against market crash... sold 6 lots...

now queuing back to buy at 2.11 again.. zzzzzz broker house happy la

current holdings

gensp 6 lots at 2.15
chinantown 40 lots at 0.165

DMG bought my 6 lots at 2.11

and looking at their latest TP... hope they are right la.. lol


DMG & Partners Securities raised its forecast for Genting Singapore's shares to $2.65 from S$2.02

just bought back 4 lots at 2.11

seller also DMG securities... what are they doing buying and selling at the same price!! up to you to guess what they are trying to do la... cheers!

very common practice i think ..... trick ppl....

yah common except i can't tell if its accumulating or distributing... i guess gensp go long is ok... although no saying how low the price could continue to go now... i'm very sad my prediction of 2.30 was not met..

CNT on the other hand... feels like its going to be a disappointment... i think may sell tomorrow, and put all my eggs into the genting basket for a show hand...

just a correction i tell myself... friday should be back to happy mood (hopefully)

loss patience liao... sold all 40 remaining chinanewtown at 0.165

trying to buy GMG at 0.300 now

current holdings

gensp 10 lots at 2.14

bought 30 GMG at 0.300

current holdings

gensp 10 lots at 2.14
gmg 30 lots at 0.30 (not inc brokerage)

i'm buying GMG as a gamble! A little birdy told me may have some excitement before end of the year! hehe

if not true, i will cook the birdy

anyway i was thinking to stop posting my trades

i'll just post some random comments & any hearsay tips if i hear them okies

Wlcling, win or lose, I think you are doing us a very big favour here by posting your trades, and you are really helping a lot of us in understanding the trading world. There is nothing to be concerned about in the results of your trades, what that matters is you are helping to contribute a very important lesson here for all of us.

I'm sure many others here are of the same opinion, we are learning FROM YOU.

No one else would do what you are doing, perhaps for fear of showing to others if they are losing, yeah, if they are winning, then they would show, such double standards. But not someone like yourself with better principles in life.

I, for one, appreciate what you are doing.

I do hope you will not stop posting your trades here. We are all learning from your effort here. A big thank you to you too.

i agree, wcling you should keep posting your trades. you are an inspiration to some of us. there is also one malaysian blogger who does so - samgang, and he has the respect of all his followers.

you might be worried about being blamed by others, but don't worry, all investors or traders worth their mettle will do their own homework before trading. and it is their own fault if they don't.

your guts has my respect and i hope you can keep it up

Anne, thank you for the support. I'm sure Ling will appreciate it.

thks guys for the kind words! ok hope we make good decisions in our future trading and huat to the sky ok!!

i think i better share some words before i continue then

when it comes to cheap stocks below $1, try not to chase prices (like i was doing when playing with Chinanewtown). I sometimes take a gamble and chase prices but i monitor and cut without much hesitation so it can be very demotivating for those who could followed. Think most new players hesitate to cut loss which is very dangerous when playing penny stocks unless you have done much homework and confident about the company's fundamentals.

to remind myself, and as a sharing point, i still have some "freezer" stocks that i bought on rumors, became too greedy and did not have a cut-loss point:-
E3 bought 9 months ago at 0.020, today at 0.010
Ntegrator bought 12 months ago at 0.075, today at 0.040
They have never moved at all since 1 year ago so some funds are effectively stuck!

wlcling,

Don't stop posting. Some silent readers are learning from your posts and I hope you can be the next 'danmooncake'
for Singapore Stocks discussion in this forum. All the best

ling, respect so many supporters in SG thread...... anyway make this thread lively as i said before so contributions from everyone should be appreciated and any decision should not put on ur shoulder, Forum = sharing not sharing = blaming. Please NOTE this all forumer(s)

regards,
cwhong

back to genting sp,

anyone guess how q3 net profit will turn out? (fyi, MBS q3 is $314million)

my guess is S$500 million?

but it's not so much the net profit that excites me, hearsay there will be other things to come after q3 financial report is out.