Ah.... Trader was on that covid era Pfizer + Moderna trade during early Nov 2020. Then entire stock market went crazy after successful vaccine trial result especially tourism related sectors. GenB rebounded from 2.95 to 4.95 within 2 months, I will never forget that best genting trade ever.
Follow the trend. The trend is your only reliable friend in the stock market, don't depend on false "Hope".
Posted by AngTayKor > 2022-10-30 19:22 | Report Abuse
At that time, price was just below rm3. I did my research and took a bet that either Pfizer or Moderna vaccine will show good clinical results very soon. Hold less than a week only the Pfizer news came in and next morning huge gap up 3.30 and rallied up 20% to 3.60. Sibei soong immediately buy immediately huat. This is hallmark of a good trade. Must show profit immediately from the start. -------------
Posted by AngTayKor > 2 months ago | Report Abuse
ATK's post covid vaccine trade reflections:
My original intention was to buy 2m GenB shares at around 3.00 zone during early Nov 2020, thereafter add more position immediately after good vaccine result. Since my taikor is a fund manager specialising in pharmaceutical industry, I went to seek his advice. Taikor is an anti-vax warned me those type of vaccines are actually no good for our body in the long run and he wont be taking them even after approval. I stopped my GenB accumulating halfway, only managed to buy slightly over 1m shares then. On hindsight, I should have realised that although Taikor might be correct abt the medical effects of such class of covid vaccines, he is not an experienced stock trader. The market does not care abt my taikor's opinion, whether he was correct or proven eventually correct. The market just took off immediately. As a stock trader, our mantra has always been "The market is always right". Buying 1m shares at 2.97 VS buying 2m shares at 2.97 makes a huge difference. My initial trade plan derailed, but not a time for remorse, the trade plan has to go on. The mental psychology of the trader plays a very important factor here. I immediately bought more at higher prices, buying at any intraday dips over the next 3 days after that huge morning gap up. I dont blame my taikor. I can only blame myself and take full responsibility for that initial foul-up. That covid vaccine trade eventually worked out beautifully all the way with price finally peaking out at 4.95 a few weeks later. This taikor's covid vaccine advice itself is an important trading lesson for me, to remembered forever.
Posted by stkoay > 46 minutes ago | Report Abuse @MC no skill keep quiet. You should have stopped delusional attacks on good contributors and focus on cutloss immediately then. ___ yes yes yes, that's why very quiet now.....😂😂😂 ***************
Popi popi next year if price can recover a little from the real bottom, he can come back as MC2025 as predicted by TaoKay 🤣🤣🤣
MC = Margin Call
MC can keep quiet now but he better dont keep quiet from his broker's Margin Calls
Responding to third-quarter results, HLIB trimmed its target price for GenS to S$1.22 from S$1.45. It also cut respective 2024-26 earnings projections by 26%, 24% and 24%.
Even so, MarketWatch reported that the brokerage maintained a buy rating on the stock and expressed optimism for 2025. Maybank also kept a buy on the stock, while cutting its 2026 core net profit forecasts by 16%-17%.
Maybank’s Yin Shao Yang said current and ongoing capital investments will pay off for the resort long term. He added that GenS is a contender for one of Thailand’s first casino licences. That country is now considering so-called “entertainment complexes” with gaming to resurrect tourism and increase international investment and revenues. -------------------
Maybank IB again! 🤣🤣🤣 GenS just made a new 2 year low 76ct today post disastrous Q3 result.
Please dont add more multi-billion dollar debt again and discipline those useless NYC + LV American cousins properly first.
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....
Lee Hhhhhhh
14 posts
Posted by Lee Hhhhhhh > 5 hours ago | Report Abuse
Lai lai lai