market rebounded today!!! i re-enter several positions i reduced earlier.(Noble, NOL, YZJ, Genting)...you must be viligent and alert to sudden changes in the market....which is why i will not tell u what to do....i simply can't make that decision for u....it is yours to make....this is how i learn...and this is how u learn too..don't ever wait for me to tell u what i did....it is probably too late...

have u bought silver or gold? silver went up 8%! since i mentioned it.

better wait for the coast to clear before entering....i see most of the stocks at the support levels though.

The STI has broken the 20 dMA at 3013...let's see if the 50 dMA holds at around 2950. It either rebound or crash through and it will be downtrend....!!! Do note that the value of the moving averages 20/50/200 can be different for different charting softwares and duration ,6 months, 1 year, 2 years,...i am using Philip Poems chart....so the value is agar agar one....

hi,

hope nobody panic sell Genting(1.335) and Noble(1.235) on 22nd Aug....because these are the price levels the Big Buyers are buying, collecting, accumulating....Genting bounded back to 1.385!

Sakari have bounded back too.

Yangzijiang, still in collection mode....got to be patient....i waited very long for Noble to explode upwards...

Stocks seldom go up in a straight line, so long as the support levels hold, relax and watch the show...if u are new to stocks investing, i would advise u to take just a small position to test yourself....how u react when it goes up and down.

cheers,
jason.

Bad news or Good news or Old news???

Genting Singapore's Q2 disappoints as gaming revenue slows

http://sg.finance.yahoo.com/news/1-genting-singapores-q2-disappoints-111732413.html

Genting Singapore's Q2 core earnings misses expectations

http://sg.finance.yahoo.com/news/genting-singapores-q2-core-earnings-100245490.html

Comments:

The million dollar question is "Is this news already factored in the current price"?? Genting has been falling since May, June, July.....already dropped from high of $1.7 to $1.28.

On the day (1-2 weeks ago), Marina Bay Sands reported drastic drop in gaming revenue....Genting dropped from $1.28 to $1.22 with huge volume....the next day, volume dropped to a trickle...no more sellers.....then the next day went up with huge volume to $1.325.....Hence, markets participants have been warned already....so i am not surprised at all.....

However, the Big Buyers or invisible hands may take this News to push it down to accumulate more shares....i shall wait to see what they do then decide what to do. They are very patient, cunning and have lots of $$$$$$$$.

Like i mentioned earlier, $1.20 is a critical support.

hmmm. i expect Genting to be supported at around $1.20. This is a 5-year chart of Genting, u can see previous resistance(few years ago) at 1.20-1.28 peaks. These usually becomes supports level after the resistance was broken.

However, if this support doesn't hold it may goes to $1.00.

Genting SP looks like going to reverse the downtrend to uptrend. Notice the spike in volume for the last 3 days and the price has rebounded strongly from $1.22. So long as it does not retrace back to the low of $1.22 and break below it...likely the trend will reverse.

A further confirmation of trend reversal is when the price cuts the 20 dMA at around $1.36 with volume and gets support above it.

Disclaimer: note that i am just sharing my analysis with u....pls make your own decision to buy/sell.....