Next Monday is Federal Territories Holiday. So if tonight dow kena selldown, we will escape the harm on monday (like thaipusam) and hopefully dow rebound on monday night and everything will be ok.

Beijing to expand blacklist of overseas gambling destinations for Chinese tourists

Beijing will add more overseas gambling destinations to its travel blacklist for Chinese nationals as it clamps down on an activity that it says sees an estimated 1 trillion yuan (US$155 billion) of capital outflows annually.

The restrictions aim to “better regulate the tourism market and safeguard the lives and property of Chinese citizens”, the Ministry of Culture and Tourism announced on its website on Tuesday.

The blacklist – introduced in August by the tourism, public security and foreign ministries – puts travel restrictions on places where Chinese go to gamble. The tourism ministry said more destinations would be added to the list soon, without elaborating.

Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.

While the list has not been made public, destinations in the Philippines, Myanmar, Malaysia and Vietnam are all hotspots for Chinese gamblers. Both the tourism and foreign ministries declined to give details of the blacklist when contacted by the South China Morning Post.

Regional indexes incl KLCI all red bars...

Come LKT show me your power...

Genting's performance this morning is not bad compared to KLCI.

Posted by sharewiz118 > Jan 29, 2021 10:58 AM | Report Abuse

Today touches 4.09 not bad at all
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Intraday morning naked shorts kena squeezed?

Dow futures buay zhai again... This type of near the peak wild dow swings may lead to a major selldown and test 200 m.a

https://www.nst.com.my/news/nation/2021/01/661433/experts-prolonged-mco-needed

Experts: Prolonged MCO is needed

stkoay Wow...recovery stock...American Airline up 26%

....Carnival Corp....up 6%....

28/01/2021 10:52 PM


Kena reddit kakis short squeeze like gamestop n amc

Wah dow recovering... thaipusam saved klci from roller coaster ride. Deva bless

I think after all the CNY visitings and gatherings, March may see even higher daily infection rate.

Wah... over 4k cases today! MCO2.0 no impact leh... CNY time people visit here and there virus spread more and faster....

Dow futures crashing. Global markets in panic mode.... Indian astrology and Chinese fengshui prediction not bad this time, came a bit earlier than 5 Feb start date.

This stock still on immediate downtrend, have some patience to wait out for price to reach the selldown target price satisfaction.

Patience is the key to stock trading success, not speed. Time is a cunning speculator’s best friend if he uses it right.

CFD is highly leveraged. Need to be an experienced skillful trader. High leverage is double-edged sword can cut both ways.

Dow futures turning red again. Regional markets mostly down 2% today...

If this stock trading today, what price will it be now? My guess is rm3.95 to rm3.98 region.

Every biz got ups and downs. There will always be gamblers. I think casinos won't be obsolete. Gamblers are mentally addicted to the glitzy lively gaming environment, VIP feeling, euphoria of winning etc.

I dont think 2021 results will be worse than 2020 for Genting Bhd. Singapore casino fully operational. Zero local transmission cases here so gamblers can game safely without worry of contracting covid.

Post removed.Why?

Warren Buffett sold all his airlines stocks liow. SIA is a bankrupted company if not for Singapore govt's massive intervention. The outlook for air travel not bright for the couple of years at least.

Casinos are different. Monopoly license with high barrier of entry. Locals form a huge part of clientele. No tourists but casinos can still make money during air travel recovery stage. Think of olden days those gambling dens. Where got foreign customers? All local gamblers and it was still very lucrative.

In my watchlist, Genting Bhd is the only green counter (not moving) in the sea of red for all regional counters. Perfect thaipusam timing! :)

Posted by 752_michael_chan > Jan 28, 2021 12:30 PM | Report Abuse

How about if I rephrase the question, is it easy for Singaporean to open bank accounts in Malaysia to invest in Malaysia stocks?
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Now covid singaporeans cannot even cross the causeway to open malaysia bank account.

Singaporeans can use their singapore brokerage ccount to trade bursa shares. Cash account commission for bursa stocks is abt 0.15%. Try to avoid too much currency conversion for frequent traders of bursa stocks because the currency conversion is over 1% slippage loss for each time you do currency settlement. Say if you buy using S$ settlement currency and sell using S$ settlement currency, the brokerage will cream off over 2% for forex conversion. So try to leave the settlement currency in rm for active bursa traders using singapore brokerage accounts.

I dont know which fengshui master was behind the rat year's fengshui chart that Im using. The fengshui master is from Hong Kong, the land of hardcore fengshui fanatics. But it was super damn accurate for year of rat. Of course there were earlier years it was accurate for first half but not so for the second half (vice versa). Certain rare years it was way off which means if you follow it blindly you would have become much poorer!

Post removed.Why?

Posted by Junichiro > Jan 28, 2021 10:32 AM | Report Abuse

Thanks for the link. I take all these lightly. I have one audio by an Indian astrologer. He was asked by the audience n he said the pandemic will end in Nov 2021. He said travelling, airlines.. will take off in 2022.
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By end 2021, most people would have been vaccinated. This prediction most rational people can probably make and accurate guess lah.... not much guru element in this prediction....

Posted by Junichiro > Jan 28, 2021 10:15 AM | Report Abuse

She is Singapore fung shui Queen. You can Google. The full set of fung shui is freely available to all.
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Feng shui queen??? More likely pian chiak queen lah...

The fengshui analysis chart that I have been using is also used by hedge funds, fund managers and professional traders. The more widely followed, the more accurate the fengshui analysis because its self-fulfilling prophecy! That said, I can vouched it has 100% accuracy for year of rat down to month by month predictions. If I had just followed it blindly I would have been super huat liow. I can only blame myself, probably my own merit / karma not strong enough, can see but didn't fully capitalise on it. Wasted.....

Thaipusam saved the klci bloodshed today. Devas are blessing Malaysia

Posted by InvisibleHand > Jan 27, 2021 11:30 PM | Report Abuse

Bazi charts! You’re not joking when you look at Indian astrology and Chinese feng shui! 33y chart nice to look at as art... not so useful even for those long term holders here...
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Long term chart acts as natural mark points for long term investors to consider exiting positions when it has reached its price satisfaction. The professional traders I know are very good at plotting those lines as distance markers. I can tell you Genting's long term and super macro long term lines are super trendy with spot on precision.

From my 33 year Genting Bhd Bazi chart, rm3.0 is a super macro long term base line. Combine with fengshui analysis on sector theme for November / Dec 2020, I have confidence and scooped up this stock just below rm3 with both hands and made huge trading profit. I can honestly tell you now I was relying on macro lines, fengshui analysis plus the knowledge of Pfizer vaccine news date (I have been following Pfizer vaccine trials etc for quite some time before that). Need to do real homework also lah, not just replying on fengshui etc.

Of course during that crazy rally I bought the dips along the way at the earlier stage of that huge rally. Im risking only my earlier paper profits. Im risking only the market's money (those paper profits) to add more poitions along the way, not risking my capital. I sleep well at night as my account was always showing me increasing profits, never losses. This is the way to trade safely in the stock market. Any other trading strategy is considered risky to me.

Posted by InvisibleHand > Jan 27, 2021 10:35 PM | Report Abuse

Another one of those days - genm outperforms mother. Whatever mco-centric bad news you want to share appears to be have been factored in. I believe the price pressure on genting is largely technical by nature. It needed to close above 4.12 today. Tomorrow, opening above 4.05 and closing anything above that will get technical sellers thinking harder. Preferably 2-3 days trading above 4+ will avoid false breakout.

@ATK the downward trend in looking at is not steep if you’re looking at 20d lens, which is consistent with your looking at 20d sma. Let’s see if that 200d sma is a true bounce for genting.

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The down line is steep. I readjusted the gradient on 5th jan and 15th Jan already. Becareful of false breakouts of steep short term lines to lure in technical bulls because the gradient is steep (nothing to do with 20 m.a). Good to chart out the mid term, long term, super macro long term lines also. I've got the entire 33 years Bazi of this stock plotted out already. Beautiful Genting Bhd Bazi chart. Extremely trendy and reliable especially those long term lines!

Dow -400 plus...

Posted by shine88 > Jan 27, 2021 10:21 PM | Report Abuse

@shareinvestor88 was Genting business did something bad to you? I saw your negative posts since months ago, yet you still here keep spread this kind of negative news..lol..got any story please tell us, don't keep it into yourself..cheers ^^
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Maybe he believed in some forums' the-sky-is-falling scare tactics previously, sold his shares at the lowest rock bottom price and then price rebounded. Now super bang and want to seek revenge to everyone in forums. Want to get back in forums and let others try the bitter pills he has swallowed? :)

Dow futures tua lausai leh.... haven't started feb yet the appetiser is here already? Maybe today is 15th of lunar calender (can round up the lunar month) and selldown timing brought forward a little?

Not trying to scare investors here but 2021 fengshui analysis says feb and march market selldown mode. I take with a pitch of salt but better mai luan luan lai first. Safety of investment / trading capital most important.

Fresh from the oven. Chinese fengshui analysis says Feb 2021 market will kena selldown. Same prediction as Indian astrology. (For fun reference only please take it with a pinch of salt and DYODD).

I would still be on cautious mood mai luan luan lai in case Chinese and Indian astrology is correct.

Posted by InvisibleHand > Jan 27, 2021 9:40 AM | Report Abuse

Diff to @ATK’s h&s, my TA tells me that a close above 4.10 today breaks the mid December downward trend. Combined with the nice bounce off 200 dma 3.88, I like how this reversal is shaping.
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Im fully aware of that line. Would have missed too much profits if wait for confirmation price above right shoulder.

My advise is that down line you are looking at is rather steep. Easy to kena false breakout signal only to collapse back after couple of days later.

200 m.a reserve for indexes better. Most professional traders use 20 m.a for immediate short term trend identification.

Posted by Sharefisher > Jan 26, 2021 4:52 PM | Report Abuse

OK. Close at 4.00, those good in charting, what do you think? The head and shoulders OK? Pls give some Comments. Thanks in advance.
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Finally found your H&S question.

Under textbook guidelines for H&S formation, the formation is negated once price cross above the right shoulder.

Under the standard H&S formation scenario whereby horizontal neckline of about rm4.0 zone, right shoulder price is rm4.34.

Under the upward sloping neckline H&S formation, right shoulder price is rm4.59.

Whats the H&S question?

Posted by Goldgent > Jan 26, 2021 3:02 PM | Report Abuse

Your sifu also wearing red like Superman?
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He was an ex-army officer almost bankrupt twice punting shares during his army days. Then he decided to quit army and became full-time trader. He ever made $2m within a year with a trading capital of just $0.15m.

Most importantly he is honest and share his skills, don't front-run then shout buy or sell with ill-intentions.

Posted by Zuliana > Jan 26, 2021 2:04 PM | Report Abuse

Sifu AngTayKor,

Your strategies are a mix of belief in Indian astrologer mambo jumbo AND semi scientific apparatus like (1) Timing, (2) Right frame of mind and (3) Position sizing.

I salute you.
Your semi scientific apparatus like (1) Timing, (2) Right frame of mind and (3) Position sizing, i will follow. But your Indian Astrologer... are too fantasy for me.

I appreciate your teachings here.
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Firstly, I feel global markets are currently in super crazy over-exuberant state comparable to early 2000 and about ripe for a sharp pullback.

Secondly, Genting is still on immediate downtrend with not much catalyst for strong breakout. Even if MCO stop on 04/02/21, interstate travel ban for another 3 months will be bad for casino biz. Hence time is on our side to wait a little longer to see if my anticipated global index pullback will happen soon. Today my trading coach (a real full-time professional top trader with over 3 decades of trading experience) just sent me the global market pullback message.

The Indian astrology of market pullback just coincide with my anticipation, hence I choose to follow it first to see accurate or not. I do use Chinese fengshui charts for some guidance especially general market direction and sector selection for stock picks. I can say it is shockingly super accurate for the year of rat. If I had followed it blindly and whole-heartedly, I will be super Huat liow.

Timing, Right frame of mind, Position sizing... My these 3 concepts are derived from top trading coach Alexander Elder's book "Trading For A Living". He said Technical Analysis skills, Trading Psychology and Money Management skills are the 3 essential skills. If any one of these 3 element is missing, hard to trade well and make money. I agree with him and sharing it here in a more simplified concept for the benefit of everyone.

Latest message just now from my current stock trading guru. The indian astrology may be right...

"While the stock markets around the world is surging and almost all the houses and analyst are bullish . Sifu’s charting model is pointing to a significant market pullback that is coming within a few weeks . Sifu know many ppl dun like to hear bearish views and in a bull market like this most bearish prediction dun come true . Sifu will be sending the chart insights to you . Watch out for them in your email"

Regional market lausai. Dow futures red. Im depending on Indian astrology prophecy for this stock to hit my buy zones then I will load up my machine gun and look into the telescope.

Meanwhile mai luan luan lai first. (1) Timing, (2) Right frame of mind and (3) Position sizing. These 3 elements are very critical for successful trading.

I have identified 2 price zones to watch. Its already drawn on my chart but that I cannot say it openly. The syndicate may be reading posts here. I can be quite active on this stock on certain days, hence prefer to stay silent.

Posted by Goldgent > Jan 26, 2021 12:27 PM | Report Abuse

Haha...trader posted again. How many posts he wants to send in a day?

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You can counter check my H&S pattern post on all the various peaks and dates and draw the neckline yourself see if they are true or not. Im talking about chart of this stock. The chart shows facts of price action of this stock. Up to you to take advantage of my charting knowledge. Im doing real contribution here.

Looks like a standard H&S pattern formed. Left shoulder peak rm4.45 on 17/11/20, Head peak at rm4.98 on 14/12/20, left shoulder peak at rm4.34 on 15/02/21. Neckline at rm4.0 zone. Price now trading below the neckline.

Another way to look at recent chart formation is an upward sloping neckline H&S formation which has already formed at an earlier date. Left shoulder peak rm4.45 on 17/11/20, Head peak at rm4.98 on 14/12/20, left shoulder peak at rm 4.59 on 28/12/20. Price trading below this neckline since 07/01/21.

In both instances, price has broken below the neckline.

Mai luan luan lai first.

Lots of resistance above rm4.0 onwards. Need a lot good news to clear previous high of rm4.34. At the moment this stock still making lower highs lowers lows. (Yesterday new recent low)

Aspire to be Superman. Super Trader. But always a student of the market. Always learning.

What abt those who bought at rm10, rn9, rm8, rm7, rm6, rm5? I dont want to argue with amateurs clueless abt importance of cutloss n use 1 hypothetical example to try n defeat it. Those words are spoken by stock trading legends like livermore, paul tudor jones, ed seykota. I do cutloss on genting n declared here before if you have read carefully. After i cut at rm4.40, price crashed. I escaped with very minor harm. I made well over 7 digit of cashed out profits from this stock since November n have plenty of buffer to hold this stock then but i still chose to cut n exit when things dont seem right. If you refuse to practice cutloss, one day you will kena the mother of all losses and end your stock market trading. No capital means no bullets and you are out of the game.

Posted by JBond007 > Jan 26, 2021 12:02 AM | Report Abuse

Depends on the operator. Maybe the operator will want to maintain the share price at this range, just like GenM.
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Parent stock down move already on the way. Subsidiary GENM with the most direct impact by MCO should move down soon.

Lucky I listen to the Indian astrology... :)
Mai Kanchiong... I will spray my bullets at the nadir of panic. Could be just the beginning of the dow pullback.

Posted by Stockisnotfun > Jan 25, 2021 6:00 PM | Report Abuse

Haha i never saw 2 for genting before at past history. If really 2 means genting almost bankrupt already
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Happened before! Sept 1998 was rm1.10 when hedgies like soros, Tiger Fund and gang came to SE asia created Asian financial crisis.

Posted by shareinvestor88 > Jan 25, 2021 11:09 PM | Report Abuse

AngTayKor since you mentioned it , is placement at huge discount coming ?
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You ah...very bird. Genting listcos are cash rich. But LKT is deep in personal debts. These are public news. Under such scenario will LKT do a listco share placement?

Posted by shareinvestor88 > Jan 25, 2021 11:04 PM | Report Abuse

G BAILOUT GHK ? Rights ? Placement ?
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Dont try to spread false rumour here later people complain you kena....

Posted by skyu > Jan 25, 2021 4:21 PM | Report Abuse

Pls tell me why u said rm 3 is the margin call for the 540 millikan shares pledged?
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Chances of next margin call for LKT will be below rm3.0.

This stock went to rm2.95 during October 2020 but LKT was still ok. Price need to go lower than that for LKT to receive phone call from his lender to either top up cash or pledge more genting shares as loan collateral.

Even at rm2.50 I believe LKT will still be ok because he still has more genting share to pledge. Even if he runs out of shares to pledge, he still has his tycoon friends to help him out a little to tide things over.

Dow futures lausai. Indian astrology prophecy feb lausai come earlier?