Tuesday, March 31, 2009
8:51 am - FKLI gap up despite DJIA falling !
Regional market is not falling much as they have fallen a lot yesterday ! Today, we wud see some recovery !
Monday, March 30, 2009
9:59 am - Market Outlook by Bill Wermine
Dear Traders,
Wall St erupted into a hightened state of euphoria last week, as the treasury unveiled the so called Public Private Investment Program (PPIP) a clever scheme to bankroll private investment firms and guarantee them huge profits, in return for participating in an illiquid market and buying from Wall St bankers at vastly inflated prices home loans which are in default.
All the major stock indexes soared except the KLSE as Treasury Secretary Timothy Geithner laid out details of the PPIP a plan to allow US banks unload 500 billion USD of bad debts that amount to an unprecedented looting of taxpayers funds to benefit the financial elite.
The FED will act as the bad bank and leverage USD 100 billion from TARP by 6 times effectively lending 600 billion to private investment firms in the form of low interest non recourse loans. If the transactions lose money the taxpayer pays. If the transactions win the firms that put up the money will make huge profits.
Even though the bulk of the capital comes from the government, the private investment funds will set up the scheme and will receive lucrative fees and evenly divide up the booty.
This is theft on the grand scale and there is nothing the public can do about it. The politicians and banking elite control the game. In fact it is a rigged game. At some point the music will stop, the party will end and the piper must be paid.
Creating vast amounts of money out of thin air is like a shaky company managed for the benefit of insiders who issues more shares thus diluting the value of existing shareholders.
The masters of the universe on Wall St such as Goldman Sachs , the Federal Reseve, the US treasury are depreciating the US dollar in the same way- commen sense dictates that when more currency is chasing the same goods inflation will roar ahead.
In the short term this will create trading opportunities so be sure to manage your risks and that goes for local shares as well.
Focus on high quality dividend payers. Market should consolidate next week but hopefully the new PM will be KLSE positive as the uncertainty is now removed
What is the answer to the uncertainty, money printing, manipulation ? In a word gold.
On 25 April we will have our traders club at CIMB auditorium at 10 to 12 AM. Nigel Foo may give an outlook on local market and global indices.
In the afternoon of the 25th from 2 30 PM to 5 30, we plan a gold conference with some very valuable wealth protection info.
Futures Broker Martin will share a powerful gold trading system to time the gold futures market. We plan on having a fund manager from Deutsch Bank to present the outlook for gold mining shares and the benefits of placing some of your assets in a gold mining share unit trust.
We also plan on having a gold shop owner talk about the physical supply and demand picture of gold in Malaysia
Phillip Futures of Malaysia will share how to trade gold futures as they are licensed to do so. As we are holding this in a major hotel there will be a small cover charge for the gold conference.
Please let me know if you wish to attend the gold conference so we can plan.
Have a productive week ahead
Bill
Wall St erupted into a hightened state of euphoria last week, as the treasury unveiled the so called Public Private Investment Program (PPIP) a clever scheme to bankroll private investment firms and guarantee them huge profits, in return for participating in an illiquid market and buying from Wall St bankers at vastly inflated prices home loans which are in default.
All the major stock indexes soared except the KLSE as Treasury Secretary Timothy Geithner laid out details of the PPIP a plan to allow US banks unload 500 billion USD of bad debts that amount to an unprecedented looting of taxpayers funds to benefit the financial elite.
The FED will act as the bad bank and leverage USD 100 billion from TARP by 6 times effectively lending 600 billion to private investment firms in the form of low interest non recourse loans. If the transactions lose money the taxpayer pays. If the transactions win the firms that put up the money will make huge profits.
Even though the bulk of the capital comes from the government, the private investment funds will set up the scheme and will receive lucrative fees and evenly divide up the booty.
This is theft on the grand scale and there is nothing the public can do about it. The politicians and banking elite control the game. In fact it is a rigged game. At some point the music will stop, the party will end and the piper must be paid.
Creating vast amounts of money out of thin air is like a shaky company managed for the benefit of insiders who issues more shares thus diluting the value of existing shareholders.
The masters of the universe on Wall St such as Goldman Sachs , the Federal Reseve, the US treasury are depreciating the US dollar in the same way- commen sense dictates that when more currency is chasing the same goods inflation will roar ahead.
In the short term this will create trading opportunities so be sure to manage your risks and that goes for local shares as well.
Focus on high quality dividend payers. Market should consolidate next week but hopefully the new PM will be KLSE positive as the uncertainty is now removed
What is the answer to the uncertainty, money printing, manipulation ? In a word gold.
On 25 April we will have our traders club at CIMB auditorium at 10 to 12 AM. Nigel Foo may give an outlook on local market and global indices.
In the afternoon of the 25th from 2 30 PM to 5 30, we plan a gold conference with some very valuable wealth protection info.
Futures Broker Martin will share a powerful gold trading system to time the gold futures market. We plan on having a fund manager from Deutsch Bank to present the outlook for gold mining shares and the benefits of placing some of your assets in a gold mining share unit trust.
We also plan on having a gold shop owner talk about the physical supply and demand picture of gold in Malaysia
Phillip Futures of Malaysia will share how to trade gold futures as they are licensed to do so. As we are holding this in a major hotel there will be a small cover charge for the gold conference.
Please let me know if you wish to attend the gold conference so we can plan.
Have a productive week ahead
Bill
Friday, March 27, 2009
11:21 am - FKLI has broken 888 level. Short term long position is nullied !
Shorted this morning at 894 !
Thursday, March 26, 2009
8:48 am - FKLI gap down slightly
FKLI is likely to move higher if break 885/886 resistance level. Support seen at 874/876 level
Wednesday, March 25, 2009
3:16 pm - FKLI facing resistance at 879/880 level
It may closed at 874 level today ! This is a strong support here !
9:23 am - Opportunity to trade FKLI & FCPO market now !
Dear Investors/Traders,
I hope by now, you would have received your first free newsletter on FKLI & FCPO. If you have not received it yet, let us know.
Thank you for those who came to our last Tuesday Follow Up talk Mar 17, 2009 in the Bursa Malaysia Introductory to Futures Market in CIMB Auditorium.
Over 1 week, our trading system has generated positive returns on our trading and if you had open an account with us then, you would enjoy some positive returns trading the FKLI and FCPO market.
Market Outlook for KLCI:
Our market prediction is aligned that we would either have a breakout to 1000 pts. for KLCI or reversal back to retest 800 level.
For those of you who have already opened an account, I congratulate you !
So do not delay now, open an futures account to take opportunity in this market and trade with us.
Caveat: To make money, you have to take some risk.
Call me at 03 2084 9999 X 3532 for any enquiries or appointment to open an account.
I hope by now, you would have received your first free newsletter on FKLI & FCPO. If you have not received it yet, let us know.
Thank you for those who came to our last Tuesday Follow Up talk Mar 17, 2009 in the Bursa Malaysia Introductory to Futures Market in CIMB Auditorium.
Over 1 week, our trading system has generated positive returns on our trading and if you had open an account with us then, you would enjoy some positive returns trading the FKLI and FCPO market.
Market Outlook for KLCI:
Our market prediction is aligned that we would either have a breakout to 1000 pts. for KLCI or reversal back to retest 800 level.
For those of you who have already opened an account, I congratulate you !
So do not delay now, open an futures account to take opportunity in this market and trade with us.
Caveat: To make money, you have to take some risk.
Call me at 03 2084 9999 X 3532 for any enquiries or appointment to open an account.
Tuesday, March 24, 2009
4:04 pm - FKLI is breaking lower but holding up at 876-878 support level !
Took the short trade this morning at 891.0
Monday, March 23, 2009
9:16 am - Market Report by Bill Wermine
Dear Traders,
The consensus of most traders and investors continues to be overwealmingly bearish and pessimistic. We held a CPE course for a group of fund managers and remeisers at CIMB Saturday.
Only one out of 50 raised their hand when I asked how many were bullish.
In my opinion this is irrational pessimism the opposite of irrational optimism and is a sign of a near term bottom.
The irrational optimists were super bullish when the KLSE hit 1500. Now they are irrational bearish when the KLSE hit 800.
One of our graduates Tony Cheong who is a remeiser with Kenaga shared his trading record for February and showed that through disciplined application of price and volume trading it is possible to earn reasonable profits even in a bear market. His method is short term contra trading.
If you are looking for a remeiser who trades with a disciplined strategy and you do not have time to trade on line . It is worth paying a little extra for service that can save you from disaster. An on line platform will not remind you to manage risk.
I would recommend him. His email is : cth6328@hotmail.com .
The Man AUD Capital guaranteed fund closed on Friday and for those who invested or invested in previous Man AUD funds the outlook for the AUD has turned positive. The yield carry over the US Dollar is 3 % and Australia last week signed a free trade agreement with the ASIAN group. Total exports to this group are more than their exports to the US and Europe.
Australia has problems but the impression is that commentators who are dwelling on them have lost perspective that the problems of the US may be worse. The AUD looks relatively well placed.
Attached is a chart of the AUD showing a shakeout last week before a substantial rise. Insiders are heavily accumulating the AUD under cover of extreme bad news. Most CNBC talking heads are still bearish the AUD as they run cover for their insider friends that run the hedge funds.
You may still invest in the AUD Man Diversified Fund which invests in a basket of managed futures as this is an opened ended fund. This is a good hedge should stock markets underperform in 2009. Man is actively managed and profits in both upand down markets as opposed to stock unit trusts which only profit in upmarkets.
I am very wary of scenario trading- a fund which is long only is a scenario trade. It is based on the premise that stocks just like property only go up over the long term. Tell that to California home owners who have seen the value of their houses drop an average of 40 % or buy and holders of shares around the world have lost upwards of 50 % of their share investments.
In time buy and holders may recover their money but unfortunately we live in the now and have needs now that must be satisfied. Active management that allows trading trends in both sides of the market solves this problem. Unfortunately those with opinions and ego problems have a difficult time facing reality- and unfortunately they may pay the price. Bias in the news is always to buy share unit trusts as the unit trust companies support the newspapers with large ad revenue unlike Man who does not advertise
I suppose I am biased to the risk management trading approach but that is because my main focus for my clients is capital preservation during difficult times.
Have a good week
Bill
The consensus of most traders and investors continues to be overwealmingly bearish and pessimistic. We held a CPE course for a group of fund managers and remeisers at CIMB Saturday.
Only one out of 50 raised their hand when I asked how many were bullish.
In my opinion this is irrational pessimism the opposite of irrational optimism and is a sign of a near term bottom.
The irrational optimists were super bullish when the KLSE hit 1500. Now they are irrational bearish when the KLSE hit 800.
One of our graduates Tony Cheong who is a remeiser with Kenaga shared his trading record for February and showed that through disciplined application of price and volume trading it is possible to earn reasonable profits even in a bear market. His method is short term contra trading.
If you are looking for a remeiser who trades with a disciplined strategy and you do not have time to trade on line . It is worth paying a little extra for service that can save you from disaster. An on line platform will not remind you to manage risk.
I would recommend him. His email is : cth6328@hotmail.com .
The Man AUD Capital guaranteed fund closed on Friday and for those who invested or invested in previous Man AUD funds the outlook for the AUD has turned positive. The yield carry over the US Dollar is 3 % and Australia last week signed a free trade agreement with the ASIAN group. Total exports to this group are more than their exports to the US and Europe.
Australia has problems but the impression is that commentators who are dwelling on them have lost perspective that the problems of the US may be worse. The AUD looks relatively well placed.
Attached is a chart of the AUD showing a shakeout last week before a substantial rise. Insiders are heavily accumulating the AUD under cover of extreme bad news. Most CNBC talking heads are still bearish the AUD as they run cover for their insider friends that run the hedge funds.
You may still invest in the AUD Man Diversified Fund which invests in a basket of managed futures as this is an opened ended fund. This is a good hedge should stock markets underperform in 2009. Man is actively managed and profits in both upand down markets as opposed to stock unit trusts which only profit in upmarkets.
I am very wary of scenario trading- a fund which is long only is a scenario trade. It is based on the premise that stocks just like property only go up over the long term. Tell that to California home owners who have seen the value of their houses drop an average of 40 % or buy and holders of shares around the world have lost upwards of 50 % of their share investments.
In time buy and holders may recover their money but unfortunately we live in the now and have needs now that must be satisfied. Active management that allows trading trends in both sides of the market solves this problem. Unfortunately those with opinions and ego problems have a difficult time facing reality- and unfortunately they may pay the price. Bias in the news is always to buy share unit trusts as the unit trust companies support the newspapers with large ad revenue unlike Man who does not advertise
I suppose I am biased to the risk management trading approach but that is because my main focus for my clients is capital preservation during difficult times.
Have a good week
Bill
Friday, March 20, 2009
Thursday, March 19, 2009
Wednesday, March 18, 2009
Tuesday, March 17, 2009
11 am - Some update on Palm oil
POC 2009 -
summary of Mielke, Mistry, Fry, Richard anschartist Mielke-
Oil World:PO output toslow on weaker prices.
For JAN-JUNE :CPO cif Rotterdam may rise to $ 640/t (RM 2360) as global output slows.( nowapr/june rotterdam cif $600) RBD POLEIN will be arnd $670/T (RM 2470) cifRotetrdameconomy dowturnmay limit the PO's price rallyexpects lowoutput of oils & fats in 2009- slow investment in agri and plantings small rise incpo output this year in Indon and Msia due to tree stress after a good harvest Mistry :
CPO will go toRM 2100/ $ 570 in next few weeks on tight stocksweaker in2H2009 on weaker sbo, higher output Aug onwards and slow demand. Stock to swell again Polein may go higher temporarily to crude degummed SBO After apr/may,palm will become uncompetitive against soutgh american sbo. will lose mkt shareto sbo.
On India: demand will increase in 2009 due to o duties for cpo and sfo consumption will expand by half miliion tons to 13.5 miliion tns thisyear No duty hike till end June - new govt/election PO demand will rise 11.2% to 5.66 million tons in current oil year SBO consumption/demand will fall 4.8% to 2 million tons dueto higher duty.
JamesFry:
CPO prices RM1400-1500/t by July on alow demand, weaker crude oil and stock-output trend isnot tight RichartKastilani - Tropical Oil Grains:RM 1500 - rm2000 ($420-540) for next 3-4 mths. PrudentialTechnical:range 1700 to2300. 2H 2009 maydrop to $400 (arnd RM 1500) if good harvest of RSO,and SFO and if crude oilarnd $35-$45
summary of Mielke, Mistry, Fry, Richard anschartist Mielke-
Oil World:PO output toslow on weaker prices.
For JAN-JUNE :CPO cif Rotterdam may rise to $ 640/t (RM 2360) as global output slows.( nowapr/june rotterdam cif $600) RBD POLEIN will be arnd $670/T (RM 2470) cifRotetrdameconomy dowturnmay limit the PO's price rallyexpects lowoutput of oils & fats in 2009- slow investment in agri and plantings small rise incpo output this year in Indon and Msia due to tree stress after a good harvest Mistry :
CPO will go toRM 2100/ $ 570 in next few weeks on tight stocksweaker in2H2009 on weaker sbo, higher output Aug onwards and slow demand. Stock to swell again Polein may go higher temporarily to crude degummed SBO After apr/may,palm will become uncompetitive against soutgh american sbo. will lose mkt shareto sbo.
On India: demand will increase in 2009 due to o duties for cpo and sfo consumption will expand by half miliion tons to 13.5 miliion tns thisyear No duty hike till end June - new govt/election PO demand will rise 11.2% to 5.66 million tons in current oil year SBO consumption/demand will fall 4.8% to 2 million tons dueto higher duty.
JamesFry:
CPO prices RM1400-1500/t by July on alow demand, weaker crude oil and stock-output trend isnot tight RichartKastilani - Tropical Oil Grains:RM 1500 - rm2000 ($420-540) for next 3-4 mths. PrudentialTechnical:range 1700 to2300. 2H 2009 maydrop to $400 (arnd RM 1500) if good harvest of RSO,and SFO and if crude oilarnd $35-$45
10:57 am - Martin's Workshop Tomorrow Night
Dear All,
You are invited to a free of charge 3 hours workshop on
"How to profit to this turbulent market by Trading Futures"
conducted by Mr Bill Wermine and Mr Martin Wong.
Date : 18 Mar 2009 Wednesday
Time : 7pm ~ 10 pm
Venue : CIMB Auditorium, Bangunan CIMB, Jln Semantan, Damansara Heights.
(Opposite Peninsular Hotel)
Regards,
For map goto to www.imtradermy.com
Chong (016-6620881)
You are invited to a free of charge 3 hours workshop on
"How to profit to this turbulent market by Trading Futures"
conducted by Mr Bill Wermine and Mr Martin Wong.
Date : 18 Mar 2009 Wednesday
Time : 7pm ~ 10 pm
Venue : CIMB Auditorium, Bangunan CIMB, Jln Semantan, Damansara Heights.
(Opposite Peninsular Hotel)
Regards,
For map goto to www.imtradermy.com
Chong (016-6620881)
Monday, March 16, 2009
9:58 am - Market Report by Bill Wermine
Dear Traders,
First let me thank all of you who supported our event and talk at the Traders Expo this weekend.
I hope you found something that can benefit you at mine or one of the other speakers presentations.
Most of the speakers are honest in their dealings and motivated to upgrade your trading skills- those in this catagory are Daryl Guppy, Brent Penfold, Don Schellenberg, Bennie of NextView a few others and Phillip Futures/ Phillip Mutual and any of the SC licensed stockbrokers/ futures brokers who participated in the event. If you deal with any licensed brokers in Malaysia you have the protection of our very vigilant enforcement officers of the securities commission. If you deal with gray area brokers no one will protect you- you are on your own.
Let me warn you in dealing with any unlicensed in Malaysia dealers/ brokers or any who solicits deposits from you.
Before handing over any money check with the SC if there any investigations or complaints about them.
Here is a news report from the Singapore Straits Times about a prominent options seminar provider which was forwarded to me from one of our Traders Club members:
March 13, 2009Trading 'Expert' ordered to Refund FeesCourse trainees were upset that option trading instructor's doctorate came from an unaccredited universityA group of 49 people scored a legal victory over a self-styled expert on option trading who turned out to have a dodgy doctorate from an unaccredited American university.A dozen of the course participants said they had paid Mr Clemen Chiang (Freely Business School, Singapore) ) between $3,600 and $4,000 last year for a three-day course on option trading - a complex and risky investing technique which often amounts to betting on share-price trends.Several had also forked out another $960 for training software and a handful paid $1,600 to $12,000 more for online tutorials referred to as 'webinars'.Mr Chiang, a 34-year-old Nanyang Technological University engineering graduate, has been running these seminars for a few years at his Freely Business School in North Bridge Road.He would tell students his own success story of how he made millions, and he drew hundreds of participants.He claimed to have a PhD in option trading, a rarity in the finance industry here.But when it came to light last year that his doctorate was from the unaccredited Preston University in Alabama, the group of 49 wanted their money back.Yesterday, the Small Claims Tribunal found that Mr Chiang had misrepresented his qualifications. It awarded all participants a refund of close to 80 per cent of their fees for the seminar and a full refund for the cost of the software and 'webinars'.
The overwealming consensus among the over 500 who attended my talk on Saturday was bearish. When I asked the KLSE bulls to raise their hands only 3 or 4 put them up. When I asked those who were bearish- almost everyone.
Can the majority be right ? Markets don't work like that. The majority will pay the smart money who is in minority.
It may take a while but support is building in the KLSE from 830 to 850 with a near term target of 900. Stick with only the highest quality dividend shares for now and manage your risks. MAN OM IP Capital Guaranteed fund closes this Friday so give me a call if interested. Attached is an interview of Tim Wong, CEO of AHL check page 3 and 4.
I Am holding a Man Presentation to a few investors who expressed interest on Tuesday 17 March at my office at 2 30 PM so if interested please call or contact me.
Martin is holding a 2 hour futures trading presentation Wednesday evening at CIMB Auditorium at 7 00 PM to 10. If interested give Chong a call at 2095 3991. Should the KLSE consolidate or go down futures is an opportunity. I will speak on opportunities in gold as a hedge against inflation
After talking with famous Guru and CNBC analist Daryl Guppy at the ATIC he explained that China is doing very well and still buying commodities from Australia- he is from Australia but has an office in Bejing where he has business interests.
He likes gold, the Aussie Dollar and told me China has cut back their buying of US Treasury bonds which the US Government uses to fund the dead beats who are borrowed to the hilt and are defaulting on their house loans and credit cards and fund bankrupt banks, busted auto companies, mortgage companies like Fannie May and political chronies of Obama. This will hurt the US Dollar and may trigger massive inflation.
Why should the hard working and prudent, thrifty Chinese be asked to bail out the mistakes of the big spending zero savings Americans with their flatscreen TVs, SUVs, MacMansion houses etc
Your focus should be to protect your capital in these uncertain times especially from socialists like Obama who believe in wealth distribution from rich to the politically connected and the poor.
Bill
First let me thank all of you who supported our event and talk at the Traders Expo this weekend.
I hope you found something that can benefit you at mine or one of the other speakers presentations.
Most of the speakers are honest in their dealings and motivated to upgrade your trading skills- those in this catagory are Daryl Guppy, Brent Penfold, Don Schellenberg, Bennie of NextView a few others and Phillip Futures/ Phillip Mutual and any of the SC licensed stockbrokers/ futures brokers who participated in the event. If you deal with any licensed brokers in Malaysia you have the protection of our very vigilant enforcement officers of the securities commission. If you deal with gray area brokers no one will protect you- you are on your own.
Let me warn you in dealing with any unlicensed in Malaysia dealers/ brokers or any who solicits deposits from you.
Before handing over any money check with the SC if there any investigations or complaints about them.
Here is a news report from the Singapore Straits Times about a prominent options seminar provider which was forwarded to me from one of our Traders Club members:
March 13, 2009Trading 'Expert' ordered to Refund FeesCourse trainees were upset that option trading instructor's doctorate came from an unaccredited universityA group of 49 people scored a legal victory over a self-styled expert on option trading who turned out to have a dodgy doctorate from an unaccredited American university.A dozen of the course participants said they had paid Mr Clemen Chiang (Freely Business School, Singapore) ) between $3,600 and $4,000 last year for a three-day course on option trading - a complex and risky investing technique which often amounts to betting on share-price trends.Several had also forked out another $960 for training software and a handful paid $1,600 to $12,000 more for online tutorials referred to as 'webinars'.Mr Chiang, a 34-year-old Nanyang Technological University engineering graduate, has been running these seminars for a few years at his Freely Business School in North Bridge Road.He would tell students his own success story of how he made millions, and he drew hundreds of participants.He claimed to have a PhD in option trading, a rarity in the finance industry here.But when it came to light last year that his doctorate was from the unaccredited Preston University in Alabama, the group of 49 wanted their money back.Yesterday, the Small Claims Tribunal found that Mr Chiang had misrepresented his qualifications. It awarded all participants a refund of close to 80 per cent of their fees for the seminar and a full refund for the cost of the software and 'webinars'.
The overwealming consensus among the over 500 who attended my talk on Saturday was bearish. When I asked the KLSE bulls to raise their hands only 3 or 4 put them up. When I asked those who were bearish- almost everyone.
Can the majority be right ? Markets don't work like that. The majority will pay the smart money who is in minority.
It may take a while but support is building in the KLSE from 830 to 850 with a near term target of 900. Stick with only the highest quality dividend shares for now and manage your risks. MAN OM IP Capital Guaranteed fund closes this Friday so give me a call if interested. Attached is an interview of Tim Wong, CEO of AHL check page 3 and 4.
I Am holding a Man Presentation to a few investors who expressed interest on Tuesday 17 March at my office at 2 30 PM so if interested please call or contact me.
Martin is holding a 2 hour futures trading presentation Wednesday evening at CIMB Auditorium at 7 00 PM to 10. If interested give Chong a call at 2095 3991. Should the KLSE consolidate or go down futures is an opportunity. I will speak on opportunities in gold as a hedge against inflation
After talking with famous Guru and CNBC analist Daryl Guppy at the ATIC he explained that China is doing very well and still buying commodities from Australia- he is from Australia but has an office in Bejing where he has business interests.
He likes gold, the Aussie Dollar and told me China has cut back their buying of US Treasury bonds which the US Government uses to fund the dead beats who are borrowed to the hilt and are defaulting on their house loans and credit cards and fund bankrupt banks, busted auto companies, mortgage companies like Fannie May and political chronies of Obama. This will hurt the US Dollar and may trigger massive inflation.
Why should the hard working and prudent, thrifty Chinese be asked to bail out the mistakes of the big spending zero savings Americans with their flatscreen TVs, SUVs, MacMansion houses etc
Your focus should be to protect your capital in these uncertain times especially from socialists like Obama who believe in wealth distribution from rich to the politically connected and the poor.
Bill
Sunday, March 15, 2009
9:49 pm - Watch out for this counter - Minply - Highly manipulative !
You have to have a strong heart to pounce on this one ! Buy if above rm0.33. Put your stop at rm0.28. Get out if you are not in the money by end of Monday !
Friday, March 13, 2009
4:50 pm - See you at the ATIC 09 - March 14 - 15
Meet me and Bill Wermine at the William Wermine's booth at the KLCC convention center.
Thursday, March 12, 2009
Wednesday, March 11, 2009
Tuesday, March 10, 2009
Sunday, March 08, 2009
8:01 pm - Market Outlook by Bill Wermine
Dear Traders,
Next Saturday and Sunday, 14 15 March , Martin and I will be at the ATIC Investors conference at the KL Convention Center. I will be speaking on Support and Resistance Simplified at 9 AM on Saturday. Martin will be at our table to showcase his new CD - Point and Figure Simplified as well as our CD Support and Resistance Simplified which is a video shoot of the presentation I will deliver. Price for these CDs is very reasonable.
If you would like a free ticket to the ATIC click on the banner at the bottom of my home page- www.Tradethetruth.com
There will be many speakers including trader Darul Guppy who is very straightforward, simple and the real deal. I urge you to come and listen to him as well as the other speakers. There is bound to be something that can improve your trading results.
Expect more range trading next week in the KLSE but stability due to strength in CPO.
Until the banking crises in the US is resolved which is having spill over effects in all the world markets, don't expect much movement in the KLSE.
Since Obama took power the Dow Jones has collapsed over 20 % and unemployment has jumped to 25 year highs. General Motors has fallen to a 75 year low. It seems the market is a good judge of Obama's character. Remember price and volume never lie and the truth is that Obama has failed miserably.
When I started in this business in 1974 , my mentor told me that GM was a bellweather for the US Stock market. This is because of exposure to steel, rails, high tech, copper, rubber and a host of other vital industries including defense. Now the Dow is about to lose a company which is a reflection of the economic health of the US economy. Thousands more workers will lose their jobs.
Obama is not taking the decisive steps to save the sinking ship. He still panders to special interests, chronies, union bosses,
and the powerful political elite. He promised to shut down the Iraq war but he does so gradually and reluctantly while sending thousands of more troops to Afganistan to fight in a quagmire. The Afgans have never been defeated- the British, Russians tried and failed- Do you think the Americans can do any better ?
The winners are the same political interests and favored defense contractors who benefited from the Bush administration.These special inrests will support Obama in the next election with handsome campeign contributions. Business as usual.
What can we do ? We can not fight city hall. Learn to short sell/ trade KLSE futures/ trade currencies/ commodities such as CPO and profit from the man made credit disaster created by the Wall St con artists. Upgrade your trading knowledge
If you wish to invest, Man AHL is the only investment I recommend at this moment as it profits the most when the world economy is at its worst.I invite you to check its performance- one of the few funds that made money in 2008. Call me or Martin if you want to invest. http://www.maninvestments.com.au/ahldiversifiedaud/index.cfm?r_id=CANOPUS&CFTOKEN=57794096
Have a good week ahead,
Bill
Next Saturday and Sunday, 14 15 March , Martin and I will be at the ATIC Investors conference at the KL Convention Center. I will be speaking on Support and Resistance Simplified at 9 AM on Saturday. Martin will be at our table to showcase his new CD - Point and Figure Simplified as well as our CD Support and Resistance Simplified which is a video shoot of the presentation I will deliver. Price for these CDs is very reasonable.
If you would like a free ticket to the ATIC click on the banner at the bottom of my home page- www.Tradethetruth.com
There will be many speakers including trader Darul Guppy who is very straightforward, simple and the real deal. I urge you to come and listen to him as well as the other speakers. There is bound to be something that can improve your trading results.
Expect more range trading next week in the KLSE but stability due to strength in CPO.
Until the banking crises in the US is resolved which is having spill over effects in all the world markets, don't expect much movement in the KLSE.
Since Obama took power the Dow Jones has collapsed over 20 % and unemployment has jumped to 25 year highs. General Motors has fallen to a 75 year low. It seems the market is a good judge of Obama's character. Remember price and volume never lie and the truth is that Obama has failed miserably.
When I started in this business in 1974 , my mentor told me that GM was a bellweather for the US Stock market. This is because of exposure to steel, rails, high tech, copper, rubber and a host of other vital industries including defense. Now the Dow is about to lose a company which is a reflection of the economic health of the US economy. Thousands more workers will lose their jobs.
Obama is not taking the decisive steps to save the sinking ship. He still panders to special interests, chronies, union bosses,
and the powerful political elite. He promised to shut down the Iraq war but he does so gradually and reluctantly while sending thousands of more troops to Afganistan to fight in a quagmire. The Afgans have never been defeated- the British, Russians tried and failed- Do you think the Americans can do any better ?
The winners are the same political interests and favored defense contractors who benefited from the Bush administration.These special inrests will support Obama in the next election with handsome campeign contributions. Business as usual.
What can we do ? We can not fight city hall. Learn to short sell/ trade KLSE futures/ trade currencies/ commodities such as CPO and profit from the man made credit disaster created by the Wall St con artists. Upgrade your trading knowledge
If you wish to invest, Man AHL is the only investment I recommend at this moment as it profits the most when the world economy is at its worst.I invite you to check its performance- one of the few funds that made money in 2008. Call me or Martin if you want to invest. http://www.maninvestments.com.au/ahldiversifiedaud/index.cfm?r_id=CANOPUS&CFTOKEN=57794096
Have a good week ahead,
Bill
Saturday, March 07, 2009
8:45 am - A late bounce Friday pared heavy losses on the stock market for the week
By Peter A. McKay and Rob Curran
A late bounce Friday pared heavy losses on the stock market for the week as bargain hunters came in tohelp General Electric recover some of its losses.GE rose 6% to $7.06, but remained down 17% on the week."People are going to pull their money back," said Frank Beck, chief investment officer at Capital FinancialGroup in Austin, Texas. "Really, how much demand is there for stocks? You can look at all the great fundamentalsin world, but if there's not a demand for the stock, it really doesn't matter. I learned that point blankin the last few months."Friday, a Labor Department report showed nonfarm payrolls declined 651,000 in February and that job lossesin the two previous months were worse than thought. The unemployment rate rose to 8.1%, the highest sinceDecember 1983. Some economists think it could hit 10% by the end of next year.Fears that some iconic companies would have to seek yet more government assistance continue to rise.General Motors fell 41 cents, or 22%, to 1.45, and declined 36% on the week. The auto maker said it stillaims to restructure its business without recourse to bankruptcy courts. The Wall Street Journal had reportedthat GM was weighing a "prepackaged" bankruptcy option.Citigroup tacked on a penny, or 1%, to 1.03, and lost 31% on the week as traders retreated from the equityof a bank that's had three successive rescues from the U.S. government.The Dow closed up 32.50 points at 6626.94, but is off 6.1% on the week.The S&P 500 Index finished up slightly 0.12% to 683.38. The tech-oriented Nasdaq Composite Index slid0.4% at 1294, as Apple fell 4% after analysts at J.P. Morgan cut their estimates for the computer and(Mary Pilon and Geoffrey Rogow contributed to this report.)You can use this link on the day this article is published and the following day.-0-Copyright (c) 2009 Dow Jones & Company, Inc.
A late bounce Friday pared heavy losses on the stock market for the week as bargain hunters came in tohelp General Electric recover some of its losses.GE rose 6% to $7.06, but remained down 17% on the week."People are going to pull their money back," said Frank Beck, chief investment officer at Capital FinancialGroup in Austin, Texas. "Really, how much demand is there for stocks? You can look at all the great fundamentalsin world, but if there's not a demand for the stock, it really doesn't matter. I learned that point blankin the last few months."Friday, a Labor Department report showed nonfarm payrolls declined 651,000 in February and that job lossesin the two previous months were worse than thought. The unemployment rate rose to 8.1%, the highest sinceDecember 1983. Some economists think it could hit 10% by the end of next year.Fears that some iconic companies would have to seek yet more government assistance continue to rise.General Motors fell 41 cents, or 22%, to 1.45, and declined 36% on the week. The auto maker said it stillaims to restructure its business without recourse to bankruptcy courts. The Wall Street Journal had reportedthat GM was weighing a "prepackaged" bankruptcy option.Citigroup tacked on a penny, or 1%, to 1.03, and lost 31% on the week as traders retreated from the equityof a bank that's had three successive rescues from the U.S. government.The Dow closed up 32.50 points at 6626.94, but is off 6.1% on the week.The S&P 500 Index finished up slightly 0.12% to 683.38. The tech-oriented Nasdaq Composite Index slid0.4% at 1294, as Apple fell 4% after analysts at J.P. Morgan cut their estimates for the computer and(Mary Pilon and Geoffrey Rogow contributed to this report.)You can use this link on the day this article is published and the following day.-0-Copyright (c) 2009 Dow Jones & Company, Inc.
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