https://www.bloomberg.com/news/articles/2021-01-25/merck-shuts-down-covid-vaccine-program-after-lackluster-data?cmpid=socialflow-facebook-business&utm_content=business&utm_medium=social&utm_source=facebook&utm_campaign=socialflow-organic

Posted by shareinvestor88 > Jan 25, 2021 4:11 PM | Report Abuse

IS IT MARGIN CALL OR BAILOUT OF GHK ?
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You seem very happy to spread fear here... Dont be evil lah...

Margin call for LKT will be below rm3.0 but he still has plenty of genting shares ready for pledging as collateral.

For bailout of GHK, LKT will probably look for Arab or Chinese fresh funds to be injected.

Posted by DestinyL > Jan 25, 2021 4:10 PM | Report Abuse

I still think its due to full MCO rumours
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You mean full lockdown like March?

Panic selling now....

Damn siong if everyday 10 sen... big shortie trying to force margin call on LKT? RM4.0 n RM3.90 taken down so easily.... all eyeing rm3.80 next...

Let me further add on to Ed Seykota's quote. "CUT LOSS EARLY!"

This stock was hovering between rm8.0 to rm10.50 from 2010 to 2018. Plently of involuntary long term investors. Kena stuck at m4.30 is not so bad liow. Need to sharpen your defence skill. If you can master the skill of cutloss... you still have a chance of survival and making money from stock market. These words are not from me, its from a top class trader:

“Cut your losses. Cut your losses. Cut your losses. Then maybe you have a chance.” – Ed Seykota

https://www.nst.com.my/world/world/2021/01/660294/uk-covid-19-vaccines-may-not-work-well-variants

UK: Covid-19 vaccines may not work as well on variants

Posted by Sharefisher > Jan 25, 2021 11:28 AM | Report Abuse

Angtaykor, or you are the operator? Haha ha..
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I not so big player lah. But even if I have the capital, trading team and insider info connections to be an operator of a stock, better dont do such bad karma business.

My sifu was one of the biggest stock operator in wall street 100 years ago. He kena depression and bad karma eventually died by suicide. Karma is real. It will eventually come, just a matter of time. Even if not in this lifetime, next life sure kena.

Posted by newbie2019 > Jan 25, 2021 11:46 AM | Report Abuse

AngTayKor, so 3.90 nice to enter, then 3.81, 3.71, 3.61 and 3.5? each 15% weighting?
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I dont advocate buying on the way down.

This suggestion was made a week ago due to many investors here getting impatient and cannot wait to start buying. If you are long term investor that can afford to tahan blood on your body and continue to persevere on, this could be a strategy for accumulation (strictly for long term investment purpose, not for stock trading purpose).

The operating pattern will change. It will never be obvious or frequently repetitive. The big operator will change trading tactics and always try to fool retailers to make money from retailers (zero-sum-game trading mentality).

It will not be surprising that the big shortie is doing some minor covering now to lock in some shorting gains along the way down. Bulk of their short coverings could be targeted at a much lower price but final execution plan depends on the performance of Dow and KLCI.

Another huge buy q at rm3.90 just like last friday's rm4.00? The huge buyers at rm4.0 strangely disappeared this morning. My conclusion is big shortie shook off most of the weak shorties to cover first then quickly press down again today. Of course the big shortie will short-and-cover some position along the way down to reduce risk and make trading gains along the way. If this theory is correct, that could also mean big shortie's TP to cover could be many bids below the current price. (Just my wild guess and imagination only)

Dont try to be the braveheart machoman with the market. You dont need to have balls of steel to win money from the stock market.

LKT bought Genting HK years ago from Gent(M). Dont think he will pump in back into any Genting listco. His public credibility in business world will be zero if nhe ever does that. My best guess is he will follow Carnival cruise USA and find some Saudi/Arab funds for support or some China companies for support. China has huge potential for cruise market, being no casinos in mainland. Cruise ship could be a backdoor casino for mainland china.

None of Genting's listcos are responsible for Genting HK debts. They are independent entities. A few months ago LKT step down as Genting Chairman was probably to signal to the market that he will stop pumping his troubled private entities into Genting listcos.

Genting(S) already said they will find a japanese JV partner to bid for Japan casino resort. In the event Japan casino bidding unsuccesful, they will return the excess cash via special dividend payout back to shareholders. I think very high chance Gent(S) will get one of the Japan casino license. The Japan govt has on numerous occaisons outwardly praised RWS Sentosa as the model integrated resort and the kind of casino they would like to have.

Think he just here to kbkb only. Wicked n like to create fear n panic. Asked him if he shorted n profited but no reply. One thing im sure is he didn't buy when below below rm3 but thanks to him i bought a lot then. Ha!

Posted by stkoay > Jan 22, 2021 11:54 PM | Report Abuse

I have been investing for quite some time...these few days I learned new lessons from sifu AngTayKor....

....thanks for sharing.....
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We all share and learn together.

FATA = FA + TA= Fundamental Analysis + Technical Analysis

FATA = Fa Ta = Huat Tat!

https://www.cnbc.com/2021/01/21/dr-fauci-says-covid-vaccines-appear-to-be-less-effective-against-some-new-strains.html

Dr. Fauci says new data shows Covid vaccines appear to be less effective against some new strains

Livermore wrote:

“It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.” 

I have warned against averaging losses. That is a most common practice.

Great numbers of people will buy a stock, let us say at 50, and two or three days later if they can buy it at 47 they are seized with the urge to average down by buying another hundred shares, making a price of 48.5 on all.

Having bought at 50 and being concerned over a three-point loss on a hundred shares, what rhyme or reason is there in adding another hundred shares and having the worry double when the price hits 44?

At that point there would be a $600 loss on the first hundred shares and a $300 loss on the second hundred shares.

If one is to apply such an unsound principle, he should keep on averaging by buying two hundred shares at 44, then four hundred at 41, eight hundred at 38, sixteen hundred at 35, thirty-two hundred at 32, sixty-four hundred at 29 and so on.

How many speculators could stand such pressure?

So, at the risk of repetition and preaching, let me urge you to avoid averaging down… Why send good money after bad?

Keep that good money for another day. Risk it on something more attractive than an obviously losing deal.

Depends on whether indian astrology accurate or not. If feb really kena global selldown or not. We got time to wait as genting is out of favour now so it wont rally much.

Patience in stock trading is waiting for price to come to a critical support zone which you believe the downtrend will probably end n the bulls will come back in. At the support price zone, observe the bull n bear fight. When the bulls are on upper hand, then there is confirmation that the market conform with your opinion and immediately join in the bulls. The action is like a cobra waiting to strike. Wait for the right moment, when it comes, then strike it.

Buying too early can be damaging to your mental wellbeing n wallet. When the correct moment to buy finally come, you may be disillusioned n missed it. You may have just cutloss n unwilling to get back in again. I have preached this many times abt patience. You are dealing with stock market, the masses' psychology n madness, greed n fear at extreme. Hence a trader needs a good trading strategy n trading rules to make money consistently from the market. Even guru koon y.y also says the chart more important than fundamentals to make money from the market.

Posted by Stockisnotfun > Jan 22, 2021 4:11 PM | Report Abuse

So that indian astrology say february ma. There will be a selldown but guess is a healthy correction. So collect on almost the end of February after the lockdown/mco declared before vaccine arrived in malaysia. I guess the timing could be right.
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Swee timing! I follow indian astrology this time. Hope this guru better be zhun this time!

KLCI rebound puncture also. Still on immediate downtrend.

Posted by DestinyL > Jan 22, 2021 4:05 PM | Report Abuse

Just now somebody buy 1.4k lots
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Your one lot is 1000 shares? Or 100 shares?

Better wait and watch show first. Entire malaysia on MCO and interstate travel ban, not much catalyst for now. Can afford to wait a while to see if there is indeed a Feb global index selldown as predicted by indian astrology.

700 lots at rm4.0 kena thrown down liow...

LKT vs shareinvestor88 hahaha :):):)

Who the hell will public showhand and put 2m buy queue at rm4.0? For show only or what? What is purpose for? Fake buy queue?

Posted by glovemask > Jan 22, 2021 3:04 PM | Report Abuse

Buy glove la!
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To rescue KYY? :)

Posted by Junichiro > Jan 22, 2021 2:25 PM | Report Abuse

Over 12400 Israelis infected after P jab.

DickyMe
7760 posts

Posted by DickyMe > Jan 22, 2021 2:27 PM | Report Abuse

Who cares about Israelis.

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Cannot say like that... This news development is important. The whole world is looking at Israel being the most advanced in vaccinating their population. Thats quite a bad news. Pfizer some more, not china sinovac... Its suppose to be the best vaccine available.

Posted by Stockisnotfun > Jan 22, 2021 2:23 PM | Report Abuse

What global index selldown? Some people predict February 5th have global meltdown? Ok let's see my silver crystal ball vs their gold crystal ball fortune telling.
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Walau that indian astrology guy farted and disappeared already. A lot of his predictions buay zhun leh...

Posted by ahbah > Jan 22, 2021 2:20 PM | Report Abuse

No wori about selldown lah.

GDP growth forecast maintained at 6.5%-7.5% for 2021, says Tengku Zafrul.

yr 2021 .... a superbull yr for our mkt !!!
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Unfortunately not for klci so far in 2021 but hopefully after CNY when the real bull zodiac arrives. Mouse leaving soon in a whimper....

Be more cautious of global index selldown. Could be near....

May have some minor rebound from here to shake off weak shorts to cover first before the big shortie go for the final kill and break rm4.0 convincingly.

Need another huge flushing to shake off all weak holders before a meaning uptrend can start.

AngTayKor posted: Jan 18, 2021 1:46 PM | Report Abuse

@choysun, I dont know where the price will go from here but last week's rally seems to be over. Support at rm4.0 zone.
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Back to rm4.0 support zone now. Im not wrong a week ago when I said above 4.30 shd get out first.

https://sg.yahoo.com/news/israeli-covid-czar-says-first-164748037.html

Israeli Covid tsar says first Pfizer jab not as effective as hoped and blames spike in cases on British strain

Posted by Zuliana > Jan 21, 2021 4:38 PM | Report Abuse

Operation collection.
Happy...
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Aiyo I dont advocate collecting on the way down. Buy liow immediately lose money happy meh? I prefer collecting on the way up. Buy liow immediately showing me profit.

Posted by 752_michael_chan > Jan 21, 2021 3:03 PM | Report Abuse

Many are calling TP of 3.5, 3.0.... Do you have the patience to wait till the stock price corrected to 3...then you act? When price dips... can you remain unmoving?? This is interesting..
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As a trader, I prefer to patient and buy at critical support zone together with strength in price action. That means market's action conforms with my opinion and it will be time for me to act. I prefer to buy in an increasing price scaling my position up. That will mean my judgment is right, my first trade is correct, im in the money, my account is showing me profits, not losses in traded position. Im risking the market's money (unrelised profits) to execute my second batch of buying. My capital is safe. This is the correct way to trade.

Posted by shareinvestor88 > Jan 21, 2021 2:41 PM | Report Abuse

BUY BYE TP 3
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True intention come out liow. You shorted this stock or not? Got make $ already?

@stkoay, in money printing and low interest rate era, its not promising to put $ in FD. I took mine out months ago.

Ok then stick to the plan. 4.01, 3.91, 3.81, 3.71, 3.61, at 3.51 hoot all the remaining bullets. Stay disciplined.

Posted by shareinvestor88 > Jan 21, 2021 12:32 PM | Report Abuse

DestinyL please don't spread panic fear
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You don't negro calling hispanic black lah.

Everyone here also know your famous TP rm2.00 to 2.50 just 3 months ago and missed the biggest genting rally of all time. Some even sold below rm3.0 because of you. Hai si lang.... Dont do bad karma please. Karma is real. It will surely come, just a matter of time.

Can see from today's price action there is more panic and motivated sellers for this stock. Bears are winning for now.

Above rm4.30 was a good level to exit long positions for those kena stuck at higher price. It was also a good level to re-execute shorting position if you have shorted and covered during the previous downwave.

I am a stock trader, I speak according to what I see on the chart. Apologies and no offense if I have been truthful but blunt.

Today's volume quite active. I think the sellers are out. Better be cautious may drift lower. I trade to win money, not to prove my opinion is correct. The market is always right and I don't argue with the market. I dont like to hold on to losing position or fight a battle on the losing side. It is harmful to the wellbeing of my mind and my pocket.

Posted by Dragonboy > Jan 21, 2021 8:04 AM | Report Abuse

Morning guys, when can this rocket ignite and launch. Current price is ridiculous low...
My expectation at least 4.5 - 4.8 and above 5 on March. No more TP3 of course ;P
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Remember that opinions are often wrong. The market is always right. The market dont care about your expectations. You may think its cheap but the market may think it should get cheaper. 2021 is probably another loss making year for Genting. No more rm3.00 but maybe rmm3.50 zone?

Genting is a weak stock for now and has been making lower highs, lower lows. If the next major global selloff happen now, it can bring this stock below the rm4 zone neckline and confirm the H&S formation pattern.

Mai kanchiong. Be patient. The market will show its hand to the patient trader.

I don't trust bursa data. No way this stock not shorted.

More likely the real big shortie still re-accumulating shorts plus shaking off weaker shorties now. My guess only.

@stkoay...5% dividend yield......

They declared dividend already meh? Cannot use precovid past dividend and project it as future dividend.

I think they will declare some dividend because LKT has personal debt full to the brim and desperately need some Genting's dividend to payoff his personal loan interest charges. But in times like these when the company is losing billions and capex running into multi-billions, it is unwise to declare dividends like precovid times.

Be patient. Rebound rally just over. Later kena injured and bulldozed by immediate downtrend market forces. You could be buying from a big shortie selling to you who is re-accumulating new short position after a successful shorting operation.

Dow is not responding well to proposed stimulus. A selldown could be near (looming tax hike issue under biden administration). For KLCI, MCO will probably last for 4 weeks and interstate travel at least 8 weeks (or even longer) so there is little catalyst for now. Mai kanchiong first.

Chart wise, feels like this stock could be making a head-and-shoulder formation with the right shoulder peak just finished forming and price in the mist of moving towards the rm4.0 zone neckline. Wait and see the possible big fight at rm4 zone first. If neckline is broken convincingly, all hell break lose.

If severe market selldown really happen and rm4.0 is broken convincingly, I know where is the next good support level. I will be waiting there with my mounted machine gun to spray my bullets.