Yes @DestinyL to trade well in stock market requires trading habits that are against human nature. We need to understand crowd psychology and capitalise on it. The stock charts that I can draw is not much different from top traders that I consult with but it is the way they think, their trading psychology and market experience that makes them the top 1%. This is my grandmaster's favourite book: Extraordinary Popular Delusions and the Madness of Crowds- Charles Mackay
Even Airasia share price is rallying whilst Genting struggles…it has to be internal folks dumping for sure …means the results may be well below expectations …..
Posted by James_Bond > 7 hours ago | Report Abuse Personally has been buying Genting Berhad shares from 4.3+ all the way up to 5+ and now 4.8+ to fight against those shorties! Don’t you see that Genting still closed green on 21/2/2023? Lawan tetap Lawan. Cheers! ----------------------------------------------
James Bond ah... I have been reading this stock's daily RSS shorted volume and there is almost zero RSS shorts unless Bursa's info is totally way off. Professional traders observe price action whether it is a "green bar" or not. Professional cha cha dancer's advice is: “There is only one side of the market and it is not the bull side or the bear side, but the right side.”
Professional cha cha dancer can swing a few million GenB shares at a go but the correct approach to successful stock trading is that we are all small fishes swimming behind the whales trying to eat some of their leftover crumbs. Stay humble in the stock market. Once traders get cocky and try to do some macho stunts, the market has a way of teaching them a lesson and make them poorer. Always be a humble student of the market.
Posted by James_Bond > 6 minutes ago | Report Abuse AngTayKor, guess you r merely one of the traders, not long term investor valuing growing business as fundamental rule for investment! --------------------------------------------------
If you like value investing, below rm3.00 was very good value then. Happened abt 2 years ago.
LKT doesnt seem to value his company's fundamentals by massively dumping his shares not too long ago. And he may dump his shares again. I duno why so many people still value something that LKT doesnt seem to value.
Posted by AngTayKor > 2022-10-31 15:28 | Report Abuse
Prompt warning was given by ATK just before the imminent collapse of share price back on 09/06/2022:
Posted by AngTayKor > 2022-06-09 01:01 | Report Abuse KIEN HUAT INTERNATIONAL LIMITED (a substantial shareholder) disposed 2,692,500 shares on 08-Jun-2022. KIEN HUAT REALTY SDN BERHAD (a substantial shareholder) disposed 3,026,800 shares on 07-Jun-2022. KIEN HUAT REALTY SDN BERHAD (a substantial shareholder) disposed 2,357,700 shares on 03-Jun-2022. KIEN HUAT REALTY SDN BERHAD (a substantial shareholder) disposed 1,200,000 shares on 02-Jun-2022. KIEN HUAT INTERNATIONAL LIMITED (a substantial shareholder) disposed 20,000,000 shares on 07-Jun-2022.
OMG what is LKT doing??? Really unexpected! -------------------------------------------------------------
Posted by WinSSP > 2022-06-09 11:33 | Report Abuse Interesting to see that resorts world’s cruises is registered in Singapore & that genting snowpark is remained unlisted….I guess if any tycoon wanted to takeover genting group, probably their first target is GB, mother share….so, it’s good news for confident investors but bad news if investors are not confident. ---------------------------------------------
AngTayKor > 2022-06-09 15:58 | Report Abuse
Of course better for professional cha cha dancers. 4 rounds of successful GenB trades this year.
Posted here last night that LKT selling his GenB shares in large volumes daily. Smart traders would have cleared their balance this morning. The fake investor whose average prices can auto drop can even give delusional talk abt M&A of GenB at high price.
Air Asia up 7% and Gamuda has been star performer …..and yet this Genting struggles big time to make headway! Defies logic, as I said before big problem that we have a single dominant shareholder who can cause significant damage by trading ….we had this with Myeg, Serbadk, and many more …..Bursa is full of doggy owners who lack ethics and corporate governance and may even be part of a syndicate as it is easy for them to make money from trading shares
The only thing certain is that at some point these doggy characters insiders will start buying again and make 10% they do this 4 times year ….not bad result!
Genting under heavy selling but Genm is relatively steady, meaning that it should not be a new gaming tax that causes the selling.
Genting Singapore share price is steady and Q4 earnings are good, so it is not due to GenS.
The only things left in Genting Bhd but not in Genm are Resorts World Las Vegas and TauRx. I suspect the worry of further US interest rate hikes to drag RWLV into losses may be the culprit.
Fortunately, I have Bank of East Asia to thank for today's profit, with the stock jumping from HK$10.16 to HK$11.18 in the last few days as SHORTIES got CAUGHT with their pants down due to the FY end results being less bad than expected
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DestinyL
4,744 posts
Posted by DestinyL > 2023-02-22 11:00 | Report Abuse
At 5.11, everything was just too rosy that day