ShareJunction - Member Posts

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Trade Summary shows more buy-up:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.5760	LAST DONE PRICE : 0.575
SPREAD/PRICE RATIO : 0.0087	AVG TRADE SIZE : 55.192

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.565	12	404	404	0	0
0.570	13	583	142	0	441
0.575	42	2,008	840	0	1,168
0.580	32	2,469	228	0	2,241
TOTAL	99	5,464	1,614	0	3,850

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Remember, BBs are not GOD, there are many instances in the past where BBs (aka fund manager, syndicates) being also caught off-guard and lost money too.

A serious trader always one of the 3 golden mantras: "Plan your trade n trade your plan", set your stop loss, never be emotional, be mechanical and ignore all these noises"

pikachu ( Date: 18-Aug-2009 09:58) Posted:

The way this risktaker post sounds very much like someone who just recently got banned.

Always talking about BB this and BB that.

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Remember my 3 golden mantras, one of which is:

"The trend is your friend", never never never go against the trend.

dcang84 ( Date: 18-Aug-2009 09:55) Posted:

Walk the talk. Let's see how far you can short this. Smiley

risktaker ( Date: 18-Aug-2009 09:47) Posted:

BB wont let it go up. Use your other account & short it. Its gonna drop

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benny,

My advice to u is never trade based on rumours, rumours are just rumours, may not be true n can play u to holland.

If u r a seriouos trader, learn to trade based on your own TA analysis n set your stop-loss.

Remember my 3 golden mantras, one of which is : "Plan your trade n trade your plan", never b emotional, be mechanical.

I had specifically created 3 threads under "general", "Trading Techniques" with newbies in mind, make an effort to read it, it will stand u in good stead.

The 3 threads are:

1. Learning TA

2. Advices to newbies.

3.Some recommended good TA books

bennykusman ( Date: 18-Aug-2009 09:36) Posted:

midas increase to 0.85 today.. some rumors says taht this is only morning rebound..

risktaker ( Date: 18-Aug-2009 09:31) Posted:

Short leh 0.82 lol i want to cover my short @ that value leh

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STI tends to follow the Futures, Nikkei, HSI.

DOW Futures up now

bennykusman ( Date: 18-Aug-2009 09:19) Posted:

is this showing that the last night DJ not affecting STI today ? correction has been finished ?

i780samsung ( Date: 18-Aug-2009 08:39) Posted:

nikkei jumps from opening index ...

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From Philip Securities:

As expected, 2Q ‘09 performance was flattish with sales down 2% yoy due to
absence of new production capacity. However, an improved raw material price
and cost control measures saw profit rising 10% yoy and qoq to S$9.423mln.

Looking ahead, management remains optimistic of prospects citing their strong
order backlog of RMB1.4 bln as well as their 32.5% owned associate company’s
strong order backlog of RMB4 bln which will keep them busy for the next few years.

To cope with their strong orders, management had announced last week that they
intend to speed up their expansion plans by increasing production capacity from
the current 20,000 tonnes/year to 50,000 tonnes/year by end 2010, up from their
previous target of only increasing it to 30,000tonnes/year and this was made possible
by the recent new share placement of 120 mln at 75.5 cents each, raising S$89.4mln.

The stock has done well even after the recent share placement, having risen to 90.5 cents
on 13 Aug ’09 before pulling back to 87.5 cents on friday, putting its prospective PE at
17x against its expected growth rate of 40%, giving an undemanding PEG of 0.4x.

Maintain BUY

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From Credit Suisse

Midas

Maintain OUTPERFORM

2Q09 ahead, rising capacities drive 50%-plus earnings growth in FY10

Su Tye Chua / Research Analyst / 6212 3014 / sutye.chua@credit-suisse.com

● Midas’s June-quarter results, with revenue of S$37.8 mn (-2%YoY) and net profit of S$9.4 mn
(up 10% YoY) were ahead of consensus and our forecasts, with 6 MTD results achieving 58% of
our full-year estimates at the operating earnings level.

● Gross margin improved to 41.3% (from 31.8% a year ago), on stronger contribution of aluminium
alloy extrusion activities (+18%YoY) and lower material prices.

As expected, a dividend of S0.25 cents/share (second interim) was declared.

● Going forward, we anticipate a stronger ramp-up at the Puzhen JVin 2H09 and see rising capacities
from Midas’ third extrusion line (from 2Q10) and with another two planned, boosting total capacities
from 20,000 tonnes currently to 50,000 tonnes by end-2010, which should drive a stronger FY10/11E
earnings momentum.

● We maintain that Midas remains as one of the best ways to play the structural China railway theme.

We have raised earnings by 3-5% on stronger extrusion margins and maintain OUTPERFORM rating to our new
SOTP-based target price of S$1.10 (from S$1.05).

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Wow!! Peg_Li,

Thanks for such detailed explanation.

Peg_li ( Date: 17-Aug-2009 23:50) Posted:

幸 is a verb, means " it is happy to see", something like that.

灾 is a noun, means "trouble and crisis"

乐 also is a verb, meaning is similar as 幸

祸 also is a noun, meaning is similar as 灾

this idiom is chinese ancient idiom, it's very famous.

richtan ( Date: 17-Aug-2009 23:37) Posted:

ooops, understand the 2nd word meaning is disaster, crisis, but dun understand the 1st wor

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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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ooops, understand the 2nd word meaning is disaster, crisis, but dun understand the 1st word

richtan ( Date: 17-Aug-2009 23:35) Posted:

Thanks Peg_li,

Saw matthew's explanation, now understand the whole meaning but still dun get the meaning of the 1st 2 words.

Peg_li ( Date: 17-Aug-2009 23:29) Posted:

Pls refer to matthew's explanation!that is a very famous chinese idiom

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Thanks Peg_li,

Saw matthew's explanation, now understand the whole meaning but still dun get the meaning of the 1st 2 words.

Peg_li ( Date: 17-Aug-2009 23:29) Posted:

Pls refer to matthew's explanation!that is a very famous chinese idiom!

richtan ( Date: 17-Aug-2009 23:16) Posted:

Hi Peg_li,

Wat is tat Chinese character, how to pronounce and wat is the meaning, pardon my poor Chinese

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DOW may cporrect to the 200ema at around 8842, but uptrend still intact, within the uptrending channel:

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OIC, thanks matthew

matthewsoh ( Date: 17-Aug-2009 23:21) Posted:

The chinese character means when people are already in crisis and trouble , we still stand aside and laugh at them. Xin(4) Zai(1) Le(4) Huo(4)

richtan ( Date: 17-Aug-2009 23:16) Posted:

Hi Peg_li,

Wat is tat Chinese character, how to pronounce and wat is the meaning, pardon my poor Chinese

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Goldman Sachs’s Cohen Says Recession Is Ending ‘Now’ (Update1)

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By Thomas R. Keene and Lynn Thomasson

Aug. 17 (Bloomberg) -- The U.S. recession is ending “right now,” said Abby Joseph Cohen, a senior investment strategist at Goldman Sachs Group Inc.

The economy may grow by 3 percent in the next couple of quarters and expand by 1.5 percent to 2 percent next year, Cohen said. While consumer spending is likely to rise, it probably won’t increase as fast as at the end of prior periods when the U.S. was emerging from a recession, she said.

“Clearly the economy is on the mend,” Cohen said in an interview with Bloomberg Radio. “We do think that profit growth will be more substantial going forward.”

Cohen, known for her optimistic forecasts for stocks during the 1990s stock-market rally, was replaced in March 2008 as the bank’s chief forecaster for the U.S. equity market. She predicted in a May 1 interview that the Standard & Poor’s 500 Index might jump 20 percent to 1,050 in the next 6 to 12 months. The index climbed 15 percent to 1,010.48 through Aug. 7 before retreating 0.6 percent last week.

The S&P 500 has rallied 48 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. Equities fell last week for the first time in five weeks as a drop in consumer confidence fueled concern the steepest rally since the 1930s isn’t justified by economic prospects.

So-called fair value for the S&P 500 is between 1,050 and 1,100, Cohen said. David Kostin, who replaced Cohen as Goldman Sachs’s chief U.S. market forecaster, estimates the index will end the year at 1,060 and earn $52 a share for 2009.

“The bottom line looks pretty good,” she said. “The companies that are still in business are showing that they have pretty good margins.”

To contact the reporters on this story: Thomas R. Keene in New York tkeene@bloomberg.net; Lynn Thomasson in New York at lthomasson@bloomberg.net. Last Updated: August 17, 2009 09:27 EDT

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Cohen Says Recession Ending Now, Sees No `Double Dip'

Cohen Says Recession Ending Now, Sees No `Double Dip'

http://www.bloomberg.com/avp/avp.htm?N=av&T=Cohen%20Says%20Recession%20Ending%20Now%2C%20Sees%20No%20%60Double%20Dip'&clipSRC=mms://media2.bloomberg.com/cache/v3XKA_So3uSU.asf

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Hi Peg_li,

Wat is tat Chinese character, how to pronounce and wat is the meaning, pardon my poor Chinese

Peg_li ( Date: 17-Aug-2009 22:15) Posted:

You are the tipical one "幸灾乐祸”。

this forum should get rid of you and your boss! hehe!

handon ( Date: 17-Aug-2009 22:10) Posted:

my boss go long a bit.... hehe... Smiley

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x 0

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.

x 1

x 0

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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U.S. Economy: New York Factories Grow for First Time Since 2008

Share | Email | Print | A A A

By Shobhana Chandra

Aug. 17 (Bloomberg) -- Manufacturing in the New York region grew in August for the first time in more than a year, reinforcing signs the worst recession since the 1930s is nearing an end.

The Federal Reserve Bank of New York’s general economic index climbed to 12.1, higher than forecast and the first expansion since April 2008, the bank said today. Readings above zero for the Empire State index signal manufacturing is growing.

Today’s report, the first regional factory measure for the month, indicates the government’s stimulus plan and record inventory cutbacks are starting to help companies such as ITT Corp. rebound. Economists project growth will resume this quarter, helped by stabilization in manufacturing and housing.

“Inventories were drawn down to such amazingly low levels that companies need to start bringing them back,” said Tom Porcelli, a senior economist at RBC Capital Markets in New York. “We are coming out of the recession. It’s probably over at this point.”

Stocks fell around the world as investors speculated the recent rally in riskier assets had outpaced prospects for economic growth. The Standard & Poor’s 500 index was down 2.2 percent at 10:02 a.m. in New York to 981.73. The yield on the benchmark 10-year note was 3.49 percent, down from 3.57 percent at the end of last week.

Exceeds Forecast

Foreign investors renewed purchases of U.S. financial assets in June as Japan and the U.K. increased demand for Treasuries while China pared its holdings, a report from the Treasury Department also showed today. Total net purchases of long-term equities, notes and bonds were $90.7 billion, compared with net sales of $19.4 billion a month earlier.

Economists projected the Empire State index would rise to 3, according to the median of 41 estimates in a Bloomberg News survey. Forecasts ranged from 8 to minus 5.

“We think the recession is ending right now,” Abby Joseph Cohen, senior investment strategist at Goldman Sachs Group Inc., said in an interview today on Bloomberg Radio. The economy may grow by 3 percent in the next couple quarters and by 1.5 percent to 2 percent next year, Cohen said.

Pre-Recession Level

The August reading on the New York Fed index was the highest since November 2007, the month before the recession began. The index was at minus 0.6 in July.

Manufacturers account for 6 percent of New York’s $1.1 trillion economy.

The New York Fed’s report showed orders and shipments increased, while inventories and employment contracted at a slower pace.

The index of prices paid climbed to 13.8, while the gauge of prices received dropped to minus 12.8, signaling that factories are not able to pass along increasing raw-material costs to their customers.

Factory executives in the New York Fed’s district, which encompasses New York state, northern New Jersey and one county in Connecticut, turned more optimistic about the future. The gauge measuring the manufacturing outlook rose to 48.2, the highest level since July 2007, from 34.

Production Rebounds

Chrysler Group LLC, the U.S. automaker run by Fiat SpA, will make more light trucks than it had planned in the second half to meet growing demand, a person with knowledge of the situation said last week. Chrysler plans to run two plants on overtime and is operating a third shift at another factory to restock dwindled inventory on dealer lots, said the person.

Businesses in the region that are raising forecasts include White Plains, New York-based ITT. The company said on July 31 that 2009 profit will be higher than its prior forecast after second-quarter expenses fell.

“There’s signs of life” in some markets, Chief Executive Officer Steve Loranger said on a conference call on July 31.

Loranger said ITT’s municipal water business has begun to stabilize as federal economic-stimulus money starts trickling in. Benefits from the stimulus plan aren’t likely to aid the company’s results until next year, he said.

“We’re still not forecasting any significant stimulus benefit this year because the actual distribution of those funds has been very slow,” Loranger said. “We certainly will get our fair share.”

Cash-for-Clunkers

Industrial production rose for the first time in nine months in July as the federal “cash-for-clunkers” program spurred demand for cars and automakers completed mid-year overhauls of their factories, a Fed report showed last week.

The auto plan, which provides cash incentives for fuel- efficient cars, already is boosting vehicle sales and is likely to help lift production this quarter.

A report from the Philadelphia Fed, due on Aug. 20, may show manufacturing in that region shrank this month at the slowest pace in almost a year, according to a Bloomberg survey.

A Bloomberg monthly survey of economists showed the economy will expand 2 percent or more in four straight quarters through June 2010, the first such streak in more than four years, as the effects of the government’s fiscal stimulus broaden.

To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net Last Updated: August 17, 2009 10:04 EDT

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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.