Latest Posts By richtan
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| 13-Aug-2009 16:19 |
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If I had $100K for pennies long term
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Wow!!, pastime, indeed very interesting pastime story. Plse carry on the story, or else very sleepy
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| 13-Aug-2009 16:12 |
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What to buy with 10k?
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I share the same view as cheongwee. Dyodd n BOSAYOR, dun follow recommendations blindly. Gain the knowledge of TA first n know the FA of tat stock, pullout any cgart to do dry test of your knowledge n review where u go wrong. Firstly, go for good FA stock, then time entry n exit with TA. rage11, I suggest u click on my nick to read my past advices to newbies, search my 3 "golden mantras" n the thread "Learning TA", created purposely with newbies in mind. The stock mkt is a mercilessly beast, w/o knowledge of slaying it, u will instead be slayed.
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| 13-Aug-2009 15:29 |
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DOW & STI
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| 13-Aug-2009 15:25 |
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Market News that affect STI
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Global Confidence Increases on Signs Recession Is Nearing End By Shamim Adam Aug. 13 (Bloomberg) -- Confidence in the world economy surged to a 22-month high in August on signs the worst global recession since World War II is approaching an end, a Bloomberg survey of users on six continents showed. The Bloomberg Professional Global Confidence Index jumped to 58.12 this month from 39.13 in July. It is the first time the reading exceeded 50, which means optimists outnumber pessimists. A measure of U.S. participants’ confidence in the world’s largest economy rose to 47.3 from 29.5, the survey showed. “It’s clear the recession is over and some kind of recovery is underway,” said Nick Kounis, chief European economist at Fortis Bank Nederland Holding NV in Amsterdam, and a regular survey participant. “We have the biggest monetary and fiscal stimulus policy in history, globally, and we’re starting to see it work. Probably the next debate will be about how strong and sustainable the recovery is.” The MSCI World Index has increased 12 percent in the past month and President Barack Obama said last week’s unexpected drop in the U.S. unemployment rate indicates the worst may be over. Nobel Prize-winner Paul Krugman said Aug. 10 that the world, now in a “rough stabilization” mode, has averted another Great Depression. The survey of more than 2,300 Bloomberg users was conducted between Aug. 3 and Aug. 7. Since the previous survey, the U.S. jobless rate declined, second-quarter growth in the U.S. and China was better than expected, and the European Central Bank held interest rates at a record low. Jobless Rate U.S. payrolls fell by 247,000 in July, after a 443,000 loss in June. The jobless rate unexpectedly dropped to 9.4 percent from 9.5 percent. The Standard & Poor’s 500 Index closed above 1,000 for the first time since November last week. The U.S. economy will expand 2 percent or more in four straight quarters through June, the first such streak in more than four years, according to the median forecast in the monthly Bloomberg News survey. Analysts lifted their estimate for the third quarter by 1.2 percentage points compared with July, the biggest such boost in surveys dating from May 2003. In Europe, a recession is also showing signs of bottoming out. ECB President Jean-Claude Trichet said on Aug. 6 that the euro-region economy will show a “gradual recovery” followed by a return to growth in 2010. The gauge for Western Europe rose to 41.1 from 31. Slowing Contraction Manufacturing and service industries in Europe contracted at a slower pace in July and business confidence in Germany, its largest economy, rose for a fourth month. Linde AG, the world’s second-largest maker of industrial gases, forecast business to pick up in the second half of 2009 from the previous six months, it said Aug. 3. “Government and central bank measures are starting to show an impact,” said Peter Leonhardt, an analyst at Dekabank in Frankfurt, and a regular survey participant. “Sentiment is improving much faster than expected. There’s a need to catch up after a deep slump.” In Asia, respondents were more optimistic, with the index reaching 74.2 from 59.4. Goldman Sachs Group Inc. this week raised its forecast for China’s 2009 economic growth to 9.4 percent, and said Asian nations excluding Japan will expand faster than earlier expected as well. The CLSA China Purchasing Managers’ Index reached the highest level in a year last month. Samsung Electronics Co., Hyundai Motor Co. and LG Electronics Inc. are among South Korean exporters that reported increased profits last quarter. Asia’s Recovery “A lot of the recovery we see in Asia is driven by government spending and restocking,” said Tai Hui, head of Southeast Asian economic research at Standard Chartered Plc in Singapore. “We need a genuine recovery or stabilization in consumer spending and private investment to ensure the slack will be picked up when the fiscal policy fades away and the restocking phenomenon disappears.” Confidence also rose in Japan, where the economy is forecast to have expanded for the first time in more than a year last quarter. Elections in the world’s second-largest economy at the end of the month may result in a victory for the opposition Democratic Party of Japan, which has never held power. The index for Japan climbed to 50 from 34.1. Bloomberg users became more optimistic on the outlook for their equity markets in the next six months. Respondents in Japan, the U.K. and Italy predict stocks will extend gains, while those in the U.S. and Germany are mixed about the direction of their markets. The global equity rally has added more than $15 trillion to the value of global stocks since this year’s low on March 9. ‘Risk Appetite’ “Risk appetite is returning to a much more normal level,” Standard Chartered’s Hui said. The U.S. dollar may weaken in the next six months against the world’s most active currencies, with the index falling to 38.8 from 43.8 in July, the survey showed. Users in Japan are divided on the direction of the yen against the dollar, with the index dropping to 50.3 from 59.6. Most respondents in Western Europe are more optimistic the euro will strengthen against its U.S. counterpart. Survey participants in the U.S., Japan and Western Europe are also more confident short- and long-term interest rates will rise in the next six months, the survey showed. The Federal Reserve will forego raising its benchmark rate until the third quarter of 2010, according to the monthly Bloomberg survey. Bank of England Governor Mervyn King yesterday said inflation may miss the central bank’s target over the next three years, signaling investors may have to rein in expectations for interest rate increases. Globally, “it’s too early to start tightening policy,” Kounis of Fortis Bank said. “In general, it’s not something that should be considered this year.” To contact the reporter on this story: Shamim Adam in Singapore at sadam2@bloomberg.net Last Updated: August 12, 2009 12:27 EDT |
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| 13-Aug-2009 15:22 |
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Market News that affect STI
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German, French Economies Unexpectedly Grew in Second Quarter By Jana Randow Aug. 13 (Bloomberg) -- The German and French economies unexpectedly grew in the second quarter, bringing an end to their worst recessions since World War II. Gross domestic product rose a seasonally adjusted 0.3 percent from the first quarter, Germany’s Federal Statistics Office in Wiesbaden said today. The French economy also expanded 0.3 percent, Finance Minister Christine Lagarde said. Economists predicted contractions of 0.3 percent in Germany and a 0.2 percent in France, Bloomberg News surveys showed. The euro climbed half a cent to $1.4262. The resumption of growth in the euro region’s two largest economies makes it unlikely the European Central Bank will add to its stimulus measures. Global measures to revive growth have boosted demand for European exports, while government subsidies and lower interest rates are supporting spending at home. With unemployment rising, the recovery may be slow. “With Germany and France expanding, there are chances we might see growth in the euro zone as well,” said Ralph Solveen, an economist at Commerzbank AG in Frankfurt. “The recession is over.” Eurostat, the European Union’s statistics arm in Luxembourg, publishes second-quarter data for the 16-nation euro region at 11 a.m. Economists had forecast a 0.5 percent decline from the first quarter. The return to growth in Germany comes as Chancellor Angela Merkel campaigns for a second term in office ahead of national elections on Sept. 27. “While short-term prospects are good, we can’t exclude an aftershock next year because of unemployment,” Andreas Scheuerle, an economist at Dekabank in Frankfurt, said before today’s report. “Still, the worst should be behind us.” Germany’s second-quarter expansion was aided by increases in government and private consumption and construction, the statistics office said. Net trade also made a positive contribution as exports declined less than imports, it said. In the year, the economy shrank 5.9 percent when adjusted for the number of working days. To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net. Last Updated: August 13, 2009 02:34 EDT |
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| 13-Aug-2009 15:21 |
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Market News that affect STI
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| 13-Aug-2009 15:14 |
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What to buy with 10k?
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Playing with margin is only for the very experienced and knowledgeable. For the average trader n newbies, u are playing with fire. Learn to crawl first, then walk, then run, then fly. Try to fly even b4 knowing how to crawl n u will fall hard n injured.
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| 13-Aug-2009 15:03 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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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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| 13-Aug-2009 14:41 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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JMO, once it breaks above 62 and the recent high at 66 to complete the handle, it will head towards 94.5 to 1.05 Dyodd n BOSAYOR |
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| 13-Aug-2009 14:38 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Hi benny, No onw can tell u should u wait or will the price goes up, only GOD knows. Whether to wait or not, dyodd. TA is an art, not science, n not infallible, thus why must set stop-loss. Difficult to explain in one posting, read up n learn TA , particularly candlestick on how to look for reversal sign.
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| 13-Aug-2009 14:33 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Under "General"- "Trading Techniques"
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| 13-Aug-2009 14:08 |
Midas
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Midas
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No need to be unduly worried, worry only if it is a speculative stock with poor FA. For me, I m unperturbed as I dun even touched a single speculative stock, particularly with poor FA
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| 13-Aug-2009 13:06 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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OCBC "Mkt Pulse" calender indicates est 4Q09 results release on 18/8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 13-Aug-2009 13:01 |
Midas
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Midas
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People can dump for watever personal reasons (for tat 1000 lots dumping, still someone pickup the tabs right) but tat does not mean Midas will collapse.
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| 13-Aug-2009 12:54 |
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If I had $100K for pennies long term
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There are quite a number of acorns tat grown into great oaks, eg venture, etc, etc.
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| 13-Aug-2009 12:52 |
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If I had $100K for pennies long term
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Agree with u, likewise, "From little acorns, can also grow into great oaks".
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| 13-Aug-2009 12:46 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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No offence or insult intended, just my sincere advices. Whether to chao liao or not is a very individual decision based on your perception n individual's trading strategy. Dun expect every day to run-up, at times need to consolidate, particularly with yesterday's long white candle, if it does run-up everyday, it is extra bonus. Learn to interpret TA chart n look for reversal sign. Master TA n u are the master of your trade, although TA is not infallible, thus still need to set stop-loss. Learn how to fish n u can fend for yourself forever, relying on others n u are at the mercy of others for advice, otherwise u are at a loss, dun know wat to do. If u are new to TA, I had created a thread, dedicated to newbies: "Learning TA" showing a list of free TA websites n click on my nick to read all my past advices to newbies n the 3 golden mantras (search "golden mantras"
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| 13-Aug-2009 12:20 |
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DOW
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Damm sucks with this "copy n paste", always gets problematic, another retry:
August 12, 2009 The Federal Reserve released their statement and rate decision this afternoon, and as expected, there was little change. They kept rates low at 0% and admitted to being cautious on the economic recovery for the rest of the year. They mentioned that economic activity is "leveling out", which is an improvement from the "stabilizing" wording that they used back in June. Many people have been waiting for the Fed announcement after the recent bullish run in stocks, waiting for potential opportunity to jump on board short positions and ride the market back lower. People have been trying to fade the recent rally all the way up, and there are still many bears out there that are waiting on the next shoe to drop. Although a sell-off in the markets is still possible, I don't think it's probable. To justify that, let's take a look at the charts. First off, let's look at the S&P 500 Index, because it's the best representation of the overall market. The daily chart below has been very strong since the early July lows, and it broke through the 200-Day moving average (purple line) like a warm knife through butter. We are seeing some hesitation around the 1000 level, but that is to be expected at round resistance levels. S&P 500 (SPX) - Daily The weekly chart paints more of a compelling picture of future bullish opportunities in the markets. I have drawn three horizontal lines around 900, 1000 and 1100 which were key levels on the downside last fall and are now key levels on the upside for this fall. As you can see, the break below 900 took a while last fall, but once that support was finally broken, the fall was fast. The opposite took place this summer, as stocks ran up into the resistance at 900, hesitated, and then finally broke higher. Now that we are around 1000, there is some concern that the markets have moved too quick, too fast. I think that we just saw a mirrored effect from what happened last fall as investors realized that stocks were not going to fall off of a cliff anymore. There is much less resistance at 1000, so 1100 could be a very distinct possibility in the next few months. S&P 500 (SPX) - Weekly Still not convinced? take a look at the US Dollar. The SPX and the US Dollar move inversely, so the market rallies when the dollar weakness and vice-versa. The Dollar is around near term lows, and has broken the support around 23.50, but recently rallied higher. If we get some activity in the US Dollar outside of the lower bands again, the Dollar could weaken very quickly, spurring a further rally in stocks during that time. US Dollar Bullish ETF (UUP) - Daily After looking at the SPX charts, which are bullish, and the US Dollar charts, which are bearish, there are multiple factors working for a continued run in stocks. Keep a close eye on the Dollar, and that will give you an edge on your competition. Most traders mistakenly only follow stocks, and the markets are so broad that you need to pay attention to more than one variable. When you do, you will be happy with your success. If you are interested in trading the US Dollar or currencies in general, give us a call or email smart@bigtrends.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it . I manage the SMARToptions portfolio and instituted currency options trading two months ago. Currencies are very trending, so they present great trading opportunities if you know when to jump on board. Trade Up! Scott Downing, Another Bullish Indicator for StocksWritten by Scott Downing
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| 13-Aug-2009 11:23 |
SingTel
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Singtel Bullish???
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SingTel Posts First Profit Increase in Five Quarters (Update2) By Andrea Tan Aug. 13 (Bloomberg) -- Singapore Telecommunications Ltd., Southeast Asia’s largest phone company, posted its first profit gain in five quarters, helped by higher earnings from India. Net income rose 7.7 percent to S$945.4 million ($654 million), or 5.92 Singapore cents a share, in the three months ended June 30 from S$878.1 million, or 5.5 cents, a year earlier, the company said in a statement today. Profit from wireless units overseas, including India and Indonesia, gained 16 percent, generating more than half of SingTel’s earnings. Bharti Airtel Ltd., India’s biggest phone company, accounted for 24 percent of SingTel’s income and was the biggest profit contributor from overseas. SingTel is counting on Bharti, which is negotiating a merger with South Africa’s MTN Group Ltd., to tap countries with higher growth potential as markets including Singapore and Philippines become saturated. “The current operating environment remains a challenge,” Chief Executive Officer Chua Sock Koong said in the statement. “We will also explore and monitor investment opportunities and will be disciplined when reviewing these opportunities.” SingTel fell 1.6 percent to S$3.18 in Singapore trading yesterday. First-quarter net income was in line with the S$943.5 million median of four analyst estimates compiled by Bloomberg. Sales rose 1.9 percent to S$3.85 billion. Bharti, MTN Merger Bharti and MTN on Aug. 3 extended their merger talks, pushing back the potential formation of a mobile-phone operator with annual sales of $20 billion and 200 million wireless users from Johannesburg to Mumbai. The Indian carrier posted a 24 percent increase in net income to 25.2 billion rupees ($521 million) last quarter, after adding 8.4 million mobile-phone subscribers. That’s the biggest user increase SingTel had in the eight markets in which it operates. Earnings from PT Telekomunikasi Selular, Indonesia’s largest mobile-phone operator, accounted for 19 percent of SingTel’s profit during the quarter. SingTel’s regional mobile units contributed 53 percent of the operator’s profit, compared with 50 percent a year earlier. Income at Sydney-based SingTel Optus Pty rose 13 percent to A$139 million ($116 million). In Singapore dollar terms, earnings dropped 0.8 percent. In Singapore, earnings before interest, taxes, depreciation and amortization increased 11 percent to S$578 million. Sales gained 10 percent to S$1.38 billion. For Related News and Information: For analysts’ ratings on SingTel: ST SP <Equity> ANC <GO> Today’s most read technology news: MNI TEC <GO> Stories on SingTel’s earnings: ST SP <Equity> TCNI ERN <GO> Top Stories: TOP <GO> Earnings Matrix: ST SP <Equity> EM <GO> Stories on share movements: ST SP <EQUITY> TCNI MOST <GO> Earnings estimate history: ST SP <Equity> EEG <GO> Business groups: ST SP <Equity> PGEO <GO> Comparison to peers: ST SP <Equity> PPC <GO> Last Updated: August 12, 2009 20:17 EDT |
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| 13-Aug-2009 11:18 |
Midas
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Midas
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Will Midas also secure contracts from Vietnam's $56 billion railway investment: Japan, Australia Stock Futures Rise on U.S. Rate (Correct) By Masaki Kondo (Corrects foreign-exchange effect in sixth paragraph.) Aug. 13 (Bloomberg) -- Japan’s and Australia’s stock futures rose after the U.S. Federal Reserve said it will keep the benchmark rate low, the dollar strengthened versus the yen and oil prices advanced for the first time in five days. U.S.-traded securities of Toyota Motor Corp., the world’s biggest automaker, climbed 1.5 percent from the Tokyo close. Those of Mitsubishi Corp., a Japanese trading company that gets more than a third of its sales from commodities, advanced 1.1 percent. Securities of Santos Ltd., Australia’s No. 3 oil and gas producer, gained 1.7 percent from the Sydney close. “The Fed’s commitment to a low interest rate eased concern higher borrowing costs will hamper the U.S. economic recovery,” said Mitsushige Akino, who oversees the equivalent of $624 million at Ichiyoshi Investment Management Co. in Tokyo. “The mid- to long-term outlook remains hazy and we’re close to the ceiling of this range-bound market, so investors prefer to do nothing but observe the situation.” Futures on Japan’s Nikkei 225 Stock Average expiring in September closed at 10,520 in Chicago, 0.8 percent higher than 10,440 in Osaka. Australia’s S&P/ASX 200 Index futures contract due in September rose 1.2 percent, its biggest gain in a week. New Zealand’s NZX 50 Index added 1.3 percent to 3,118.71 in Wellington. In New York, the Standard & Poor’s 500 Index rebounded 1.2 percent yesterday from its biggest decline in a month the day before. The Fed said yesterday the benchmark interest rate will stay “exceptionally low” for an “extended period” and said the recession is easing. The Fed’s Open Market Committee left the rate between zero and 0.25 percent after their two-day meeting. Weakening Yen The yen depreciated to as much as 96.23 from 95.51 at the 3 p.m. close of Tokyo stock trading. A weaker domestic currency increases the value of overseas sales at Japanese companies when repatriated. Crude oil added 1 percent in New York yesterday, breaking its four-day losing streak. Copper jumped 3.2 percent. Vietnam Railways Corp. will use Japan’s bullet-train technology for a planned $56 billion link connecting Hanoi and Ho Chi Minh City, the Nikkei newspaper reported, citing an interview with Chief Executive Officer Nguyen Huu Bang. The Vietnamese government aims to build the line in sections and start running high-speed trains by 2020, the report said. To contact the reporter for this story: Masaki Kondo in Tokyo at mkondo3@bloomberg.net. Last Updated: August 12, 2009 21:30 EDT |
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