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
Monday, March 16, 2009
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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