Latest Posts By richtan
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| 24-Aug-2009 21:55 |
Midas
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Midas
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benny, No, it means "get played out by a person", ie, being cheated or lied by a person tat sounds so convincing, persuasive or broke promise.
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| 24-Aug-2009 21:48 |
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Who is owner of this forum?
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No use complaining to admin, I even made an open call to admin to remove tat redundant, no value-added, subject to abuse "bad rating" and about forumers abuse of the forum posting their personal ads but admin dun seems to take action, really very disappointing and disheartening. If nothing is done by admin, very soon this forum will become very unruly and degraded like some other forum tat I cant be bothered to post there.
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| 24-Aug-2009 21:40 |
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Tomorrow STI up or not?
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| 24-Aug-2009 21:32 |
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Market News that affect STI
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Birinyi Says Stocks Rally Signals Economic Rebound (Update1) By Whitney Kisling and Thomas R. Keene Aug. 24 (Bloomberg) -- The rally that pushed the Standard & Poor’s 500 Index to the highest level since October is signaling the rebound in the economy will be stronger than most forecasters expect, investor Laszlo Birinyi said. “The markets are suggesting that the economy has turned the corner and is going to do a lot better than most people anticipate,” Birinyi, the founder of Westport, Connecticut- based research and money-management firm Birinyi Associates Inc., said today in an interview broadcast on Bloomberg Radio and Television. “I’m still very optimistic.” Birinyi predicted on May 20 that the S&P 500 will climb to a record 1,700 in the next two or three years, a 66 percent gain from its current level. The index has rallied 14 percent since he made that forecast. The benchmark index for U.S. stocks may rise another 5.9 percent to 1,087 within the next three months “if it continues to progress at the rate it’s been progressing,” Biryini said. Birinyi, who spent a decade on the trading desk at Salomon Brothers Inc. and is known for pioneering money-flow analysis, said he bought General Electric Co. shares and recommended Google Inc., Apple Inc., as well as health-care and retail stocks. The S&P 500 has rallied 52 percent from a 12-year low on March 9 as 76 percent of companies in the benchmark reported better-than-estimated second-quarter results and economic reports showed improvement. To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net Last Updated: August 24, 2009 07:59 EDT |
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| 24-Aug-2009 21:31 |
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Market News that affect STI
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Metals, Stocks Advance as Bernanke, Trichet Bolster Confidence By Stuart Wallace and Lynn Thomasson Aug. 24 (Bloomberg) -- Industrial metals advanced and stocks rose around the world for a fifth day as leaders of the world’s biggest central banks buttressed confidence in the global economic recovery. Copper climbed for a third day and lead reached its highest level since September. The MSCI World Index of 23 developed nations added 0.7 percent at 8:36 a.m. in New York, its longest streak in almost a month. Futures on the Standard & Poor’s 500 Index gained 0.3 percent. The yen declined against all 16 most- traded currencies tracked by Bloomberg. Federal Reserve Chairman Ben S. Bernanke and European Central Bank President Jean-Claude Trichet, speaking at the annual central bankers’ symposium in Jackson Hole, Wyoming, said the world economy is pulling out of recession. The Commerce Department on Aug. 26 may report that purchases of new U.S. houses rose 1.6 percent in July to 390,000, the highest level since November, a Bloomberg survey of economists showed. “Recent data justify relief, not euphoria,” Marco Annunziata, chief economist at UniCredit Group in London, wrote in a research note. “Policy makers will maintain a supportive fiscal and monetary stance -- exit strategies are definitely not around the corner -- while trying to set market expectations on an even keel.” European industrial orders increased more than economists forecast in June, another indication that the worst recession in six decades is easing. Orders rose 3.1 percent from May, the biggest gain in 19 months, the European Union’s statistics office in Luxembourg said. Copper, Lead Copper for delivery in three months rose 0.8 percent to $6,319.50 a metric ton on the London Metal Exchange and has more than doubled this year. Lead added 5.1 percent to $1,957.50, after earlier reaching $1,999.50, the highest level since Sept. 26. Nickel and zinc also gained. Raw-material companies led the advance in European shares, climbing 2.7 percent as a group as the Dow Jones Stoxx 600 Index added 0.6 percent. BHP Billiton Ltd., the world’s largest mining company, gained 2.9 percent in London, while Rio Tinto Group, the third-biggest, surged 4 percent. U.S. futures indicated the S&P 500 may post its fifth straight advance, which would mark the longest stretch of gains since November. Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, increased 1.4 percent in pre-market New York trading. Hungary, Estonia The MSCI Emerging Markets Index of stocks in 22 developing economies added 1.8 percent to 860.52, heading for the highest close in almost three weeks. The Budapest Stock Exchange Index in Hungary rose 4.2 percent to the highest level since October. The country’s central bank cut the benchmark interest rate to a 17-month low of 8 percent today, matching the forecast of all 17 analysts in Bloomberg survey, as it grapples with the worst recession in 18 years. The exchange was closed Aug. 20 and 21. Estonia’s benchmark OMX Tallinn index surged the most in 11 years, jumping 13 percent. AS Eesti Telekom, which accounts for 46 percent of the gauge’s value, rose 23 percent after TeliaSonera AB offered acquire the 39.88 percent of Eesti it doesn’t already own. Emerging market borrowing costs dropped to a seven-day low. The extra yield investors demand to own developing nations’ bonds instead of U.S. Treasuries declined 3 basis points to 3.62 percentage points, the lowest level since Aug. 12, according to JPMorgan Chase & Co.’s EMBI+ Index. Yen Falls The yen fell, weakening 1 percent against the South Korean won and the Australian dollar, as demand for the safety of the Japanese currency declined in favor of higher-yielding investments. The dollar was little changed versus the euro. Nouriel Roubini, the New York University professor who predicted the credit crisis, wrote in today’s Financial Times that he sees increased risks of a double-dip recession as governments try to unwind economic stimulus packages. The ECB’s Trichet said the world economy may face a “very bumpy road ahead.” The rally that pushed the S&P 500 to the highest level since October is signaling the economic rebound will be stronger than most forecasters expect, according to Laszlo Birinyi. “The markets are suggesting that the economy has turned the corner and is going to do a lot better than most people anticipate,” Birinyi, the founder of Westport, Connecticut- based research and money-management firm Birinyi Associates Inc., said today in an interview broadcast on Bloomberg Radio and Television. “I’m still very optimistic.” Obama’s Debt Sales The U.S. government plans to sell $109 billion of Treasuries in three days starting tomorrow, matching a record, as President Barack Obama’s administration borrows record amounts of debt to revive the economy. The yield on the 10-year note increased 2 basis points to 3.59 percent. Credit-default swaps on the Markit iTraxx Crossover Index of 44 companies with mostly high-yield credit ratings fell 22.5 basis points to 581.5, the lowest level since Aug. 10, according to JPMorgan Chase & Co. prices in London. The decline signals an improvement in perceptions of credit quality. To contact the reporter on this story: Stuart Wallace in London at swallace6@bloomberg.net; Lynn Thomasson in New York at lthomasson@bloomberg.net. Last Updated: August 24, 2009 08:42 EDT |
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| 24-Aug-2009 21:23 |
Midas
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Midas
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OIC, I now realised wat it is : "Fong Fei Kei" means "get played out" in Cantonese.
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| 24-Aug-2009 21:18 |
Midas
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Midas
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From OCBC Investment Research: Midas's firm order book of 1.4 billion yuan (S$296 million), more anticipated contract wins in Sept - Nov 2009... will serve to under-gird valuations" |
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| 24-Aug-2009 21:13 |
Midas
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Midas
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Take a look at SAR cup and handle, Midas chart (see below) also shows such formation, in the nascent stage  
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| 24-Aug-2009 21:12 |
Midas
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Midas
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Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR. 
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| 24-Aug-2009 21:09 |
Midas
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Midas
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      Patience has its virtues and proves all those naysayers tat bad-mouthed Midas wrong. Congrats especially to those who followed my postings and chart analysis and dared to buy since last few days when it presents many good opportunities when it bounced off the 15ema and 25ema with tight stop-loss if it close below the 25ema or 65ema. Peronally, I will exit if it breaks and closed below the 65ema for 2 continuous days and the 3rd day, there is no reversal sign or bullish harami |
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| 24-Aug-2009 21:05 |
Midas
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Midas
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Just curious, can anyone who knows wat is "FFK" in Cantonese, plse explain, thks a lot.
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| 24-Aug-2009 18:58 |
Genting Sing
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GenSp starts to move up again
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Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR. 
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| 24-Aug-2009 14:31 |
Genting Sing
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GenSp starts to move up again
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U r right to say "consider the amount of reasonable risk that you are willing to take" but dun throw caution to the wind and be the last one to carry the baby or "hot potatoes" when the musical chairs stopped. R u willing to take this risk, up to u to decide but definitely not for me as there are plentiful other stocks in the mkt tat offer lower risk and good FA. Pardon my outrightness as I m a very kiasu, conservative trader, I believe in "slow and steady wins the race", wealth need not be built impatiently, Rome was not bulit in one day.
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| 24-Aug-2009 12:22 |
Midas
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Midas
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Benny, pardon my ignorance, btw, wat is "FFK", is it a vulgar word.
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| 24-Aug-2009 12:20 |
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strong powerful recovery rally stage-bull is back
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I agree with u.
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| 24-Aug-2009 12:16 |
Midas
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Midas
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Trade Summary shows heavy buy-up and vol had exceeded last Fri's vol within half day's trading: 5EN (MIDAS)
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| 24-Aug-2009 12:14 |
Midas
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Midas
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Patience has its virtues. Congrats especially to those who followed my postings and chart analysis and dared to buy since last few days when it presents many good opportunities when it bounced off the 15ema and 25ema with tight stop-loss if it close below the 25ema or 65ema. Peronally, I will exit if it breaks and closed below the 65ema for 2 continuous days and the 3rd day, there is no reversal sign or bullish harami. |
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| 24-Aug-2009 11:55 |
Genting Sing
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GenSp starts to move up again
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But just be careful and dun get caught off-guard and unaware (either invisible or blinded by greed) tat the boat might be overloading and may sink anytime, when is anybody's guess. The higher it goes, the harder the drop. So dyodd n BOSAYOR.
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| 24-Aug-2009 11:24 |
Midas
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Midas
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Hi Benny, R u a risktaker, if u r, see my comments in "genting" thread.
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| 24-Aug-2009 11:12 |
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strong powerful recovery rally stage-bull is back
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U are right, I rather buy laggrds than chase after stocks n risk being the one to carry the baby, or hot potatoes.
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