Remember few days back, i blogged about Genting not looking good and it looked bearish? I just got stopped out. I wanted to emphasize my point that the market is very devious, even though my analysis on Genting was bearish and i don't see any real buying in place during that period of time, it still managed to trick me and reveal its real intentions thereafter. From this lesson, i learnt to better spot the fine lines between the buying and selling activity. The next time, i won't be so easily tricked again!
I was busy the whole day today and did not get to see Genting until now, or i would have entered this trade. The risk is low and the reward is high. I was surprised that buying came in and gave the stock a lift. Genting is definitely a buy now. Wait for reaction first before entering the market, you don't want to chase the price and regret buying at a high price later.
Ronald K
