Latest Posts By richtan - Supreme About richtan |
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03-Aug-2009 18:50 | Midas / Midas Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Insider transactions - as at 01/08/09
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03-Aug-2009 18:41 | Others / Market News that affect STI Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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03-Aug-2009 18:39 | Others / Market News that affect STI Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DOW Futures (up 100 points) n Europe mkt now up very strong.
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03-Aug-2009 17:26 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Hi raymondho, I did a search for you and found "syrix11" had replied on my behalf b4 as below:
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03-Aug-2009 17:12 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Hi raymondho, I hope u dun mind, as this question had been asked b4 , to understand more, dun mind click on my nick or search the keyword "buying volume" or "selling volume" to understand more. To answer your q briefly, buyers had bot so far from the start of trading up to tat point in time, 3607 lots from the seller q at 0.615. When buyers keep chasing and buying from the seller's q and once the seller q is exhausted, it will jump up to the next higher seller's ask price, if it is bullish and buyer keep chasing after the seller q price, the price will obviously keep going up. Hope this helps.
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03-Aug-2009 16:20 | Others / Market News that affect STI Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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03-Aug-2009 16:13 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Roubini Says Commodity Prices May Rise in 2010 (Update2) By Rebecca Keenan and Jason Scott Aug. 3 (Bloomberg) -- Commodity prices may extend their rally in 2010 as the global recession abates, said Nouriel Roubini, the New York University economist who predicted the financial crisis. “As the global economy goes toward growth as opposed to a recession, you are going to see further increases in commodity prices especially next year,” Roubini said today at the Diggers and Dealers mining conference in Kalgoorlie, Western Australia. “There is now potentially light at the end of the tunnel.” Roubini, chairman of Roubini Global Economics and a professor at NYU’s Stern School of Business, joins former Federal Reserve Chairman Alan Greenspan in seeing signs of recovery. Commodity prices gained the most in more than four months on July 30 as investors speculated that the worst of the global recession has passed and consumption of crops, metals and fuel will rebound. “The things he was saying provide good indicators for our business,” Martin McDermott, a manager for metals project development at SNC-Lavalin Group Inc., Canada’s biggest engineering and construction company, said at the conference. “The commodities that we’re involved with, being copper, nickel, gold, iron ore, all seem to have positive signs and we hope to take advantage of that.” Greenspan said yesterday the most severe recession in the U.S. in at least five decades may be ending and growth may resume at a rate faster than most economists foresee. Oil has jumped 56 percent in 2009 and copper has surged 86 percent. China Growth Target Roubini predicted on July 23 that the global economy will begin recovering near the end of 2009, before possibly dropping back into a recession by late 2010 or 2011 because of rising government debt, higher oil prices and a lack of job growth. Economic growth in China, the world’s biggest metals consumer, accelerated in the second quarter, gaining 7.9 percent from a year earlier. China, the biggest contributor to global growth, overtook Japan as the world’s second-largest stock market by value on July 16 after the nation’s 4 trillion yuan ($585 billion) stimulus package spurred record lending and boosted prices of shares and commodities. China will meet its target of 8 percent growth in gross domestic product this year, Roubini said. Manufacturing in China climbed for a fifth month in July as stimulus spending and subsidies for consumer purchases countered a collapse in exports, and helped companies from chipmaker Semiconductor Manufacturing International Corp. to automaker General Motors Corp. as well as mining companies such as BHP Billiton Ltd. and Rio Tinto Group. China’s official Purchasing Managers’ Index rose to a seasonally adjusted 53.3 in July from 53.2 in June. A reading above 50 indicates an expansion. The manufacturing index has climbed from a record low of 38.8 in November. Aussie Dollar, Aluminum A rise in commodity prices may help the Australian dollar, Roubini said today, adding he is “bullish” on the currency. Countries including Australia, New Zealand and Canada have so- called commodity currencies because raw materials generate more than 50 percent of their export revenues. The Australian dollar today rose to the highest since September before retail sales and house price data tomorrow that may add to evidence the nation’s economy will rebound faster than the central bank forecast six months ago. The price of aluminum, used in beverage cans and airplane parts, has declined by a third in the past year as the global recession crimped demand. A recovery in demand may be offset by the “huge amount of excess capacity,” which could be a risk to the price, Roubini said. The Reuters/Jefferies CRB Index of 19 commodities has risen 12 percent this year. It jumped 3.9 percent on July 30 to 253.14, the biggest gain since March 19. Slow Recovery “That recovery will continue slowly, slowly over time,” Roubini said today. The global economy may contract 2 percent this year and swing to growth of 2.3 percent next year, he said. Vale SA, the world’s biggest iron ore producer, said demand for metals is starting to recover and it will begin boosting output. Vale Chief Financial Officer Fabio Barbosa said on July 30 that “the worst is over”. The price of oil may rise more than other commodities because of an expected rebound in demand, Roubini said separately in an interview with Bloomberg News. It may average between $70 and $75 a barrel next year, he said. Oil Prices Crude oil traded above $70 a barrel today for the first time in a month on speculation fuel demand will increase, amid signs the global economy is recovering from recession. The U.S. economy, the world’s biggest, is likely to grow about 1 percent in the next two years, less than the 3 percent “trend,” Roubini said last month. President Barack Obama said on July 30 the U.S. may be seeing the beginning of the end of the recession. In July 2006 Roubini predicted the financial crisis. In February of last year he forecast a “catastrophic” meltdown that central bankers would fail to prevent, leading to the bankruptcy of large banks with mortgage holdings and a “sharp drop” in equities. Since then, Bear Stearns Cos. was forced into a sale and Lehman Brothers Holdings Inc. went bankrupt, prompting banks to hoard cash and depriving businesses and households of access to capital. To contact the reporters on this story: Rebecca Keenan in Kalgoorlie at rkeenan5@bloomberg.net; Jason Scott in Kalgoorlie at jscott14@bloomberg.net. Last Updated: August 3, 2009 00:36 EDT |
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03-Aug-2009 16:06 | Others / Market News that affect STI Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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European, Asian Shares Climb; Xstrata, Mitsubishi UFJ Advance By Sarah Jones Aug. 3 (Bloomberg) -- European and Asian stocks rose as former Federal Reserve Chairman Alan Greenspan said the recession may be ending and manufacturing in China expanded. Xstrata Plc climbed for a third day as copper, lead and nickel advanced in London and Nouriel Roubini said commodity prices may extend their rally in 2010. Mitsubishi UFJ Financial Group Inc. gained 5.6 percent in Tokyo after Japan’s biggest bank by market value reported its first profit in nine months. Europe’s Dow Jones Stoxx 600 Index increased 0.6 percent to 226.34 at 8:18 a.m. in London. The gauge has surged 43 percent since March 9 as companies from Goldman Sachs Group Inc. to Roche Holding AG and Intel Corp. reported better-than-estimated earnings. The MSCI Asia Pacific Index rose 0.9 percent, climbing for a third day. Reports by the Federation of Logistics & Purchasing and CLSA Asia Pacific Markets showed manufacturing continued to expand last month in China, while Goldman Sachs lifted its rating for South Korean equities. Futures on the Standard & Poor’s 500 Index gained 0.2 percent, erasing an earlier decline. Greenspan said in an interview yesterday on ABC’s “This Week” program that U.S. economic growth may resume at a rate faster than most economists forecast. ISM Manufacturing The Institute for Supply Management will report today that its manufacturing index climbed to 46.5 in July, the highest level in almost a year, according to a Bloomberg survey of economists before the Tempe, Arizona-based group releases the data. Readings below 50 signal contraction. Xstrata climbed 1.7 percent to 822 pence as copper advanced for a third day on the London Metal Exchange. Roubini, the New York University economist who predicted the financial crisis, said at the Diggers and Dealers mining conference in Australia that commodity prices may extend their rally in 2010 as the global recession abates. “As the global economy goes toward growth as opposed to a recession, you are going to see further increases in commodity prices especially next year,” Roubini said today. “There is now potentially light at the end of the tunnel.” Mitsubishi UFJ led a rally in Asian lenders, climbing 5.6 percent to 600 yen. Japan’s five largest banks reported improved results from the previous quarter last week, buoyed by rising stock markets and smaller bad-debt charges. Barclays Plc added 1.5 percent to 306.8 pence. The U.K.’s second-biggest bank said first-half earnings rose 10 percent after profit from investment banking almost doubled. Net income increased to 1.89 billion pounds ($3.16 billion), missing the 2.2 billion-pound average estimate of five analysts surveyed by Bloomberg. UBS Climbs UBS AG rose 4.1 percent to 16.25 Swiss francs. The Swiss bank may be close to resolving a U.S. tax probe that spurred defections by wealthy customers. The U.S. and Switzerland “have reached an agreement in principle on the major issues,” U.S. Justice Department attorney Stuart Gibson said in a telephone conference call with U.S. District Judge Alan Gold on July 31. The remaining points will probably be settled in the next week, he said. ING Groep NV upgraded the shares to “buy” from “hold,” citing the agreement. European financial-services shares and basic-resources, chemical and industrial stocks were boosted to “overweight” by ING. The brokerage increased its fourth-quarter forecast for the Stoxx 600 to 230 from 210. Metro AG slipped 1 percent to 40.22 euros. Germany’s largest retailer reported a second-quarter profit that was less than analysts estimated as shoppers hurt by unemployment curtailed spending. To contact the reporter on this story: Sarah Jones in London at sjones35@bloomberg.net. Last Updated: August 3, 2009 03:24 EDT |
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03-Aug-2009 16:05 | Others / Market News that affect STI Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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03-Aug-2009 16:03 | Others / Market News that affect STI Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Asian Stocks Rise as Mitsubishi UFJ Leads Banks; Nissan Gains By Jonathan Burgos Aug. 3 (Bloomberg) -- Asian stocks rose for a third day after Mitsubishi UFJ Financial Group Inc. returned to profit, manufacturing in China and India expanded and Goldman Sachs Group Inc. lifted its rating for South Korean equities. Mitsubishi UFJ gained 6 percent after Japan’s biggest bank by market value reported its first profit in nine months, and Mizuho Financial Group Inc. climbed 6.1 percent after Morgan Stanley boosted its rating. Nissan Motor Co., with 34 percent of sales from North America, rose 5.4 percent in Tokyo after the U.S. proposed to expand the “Cash for Clunkers” program. South Korea’s Kospi Index climbed to its highest in almost a year. “Earnings have been quite good,” said Marco Wong, the Singapore-based chief investment officer for Asia excluding Japan at SG Asset Management, which has $351.6 billion in assets globally. “Potential earnings upgrades by analysts may provide a further leg up for the market.” The MSCI Asia Pacific Index advanced 0.9 percent to 112.93 as of 4:19 p.m. in Tokyo. The gauge has gained 15 percent over the past three weeks as better-than-expected results from U.S. and Asian companies led to improved investor confidence. Japan’s Nikkei 225 Stock Average was little changed at 10,352.47, and the broader Topix index climbed 0.8 percent in its 12th day of gains, the longest winning streak since 1988. Most Asian benchmarks rose. In China, the Shanghai Composite Index advanced 1.5 percent after reports by the Federation of Logistics & Purchasing and CLSA Asia Pacific Markets showed manufacturing continued to expand last month. The Bombay Stock Exchange’s Sensitive Index added 0.3 percent after Markit Economics’ Purchasing Managers’ index showed manufacturing expanded for the fourth month in July. South Korea, U.S. The Kospi Index climbed 0.5 percent to 1,564.98, its highest close since last August. Goldman raised South Korea’s stocks to “market weight” from “underweight, saying earnings appear more “resilient” than it had expected. Hyundai Motor Co., the country’s largest carmaker, climbed 2.5 percent. Futures on the Standard & Poor’s 500 Index gained 0.1 percent, reversing a decline. The gauge rose 0.1 percent on July 31 as better-than-estimated gross domestic product spurred speculation the economy is recovering from the recession. Asian makers of autos and car-parts rallied after the U.S. House approved an emergency measure to add $2 billion to the “Cash for Clunkers” vehicle purchase program, which provides credits to buy a new car when turning in an older one. Toyota Motor Corp., the world’s biggest carmaker, added 2.5 percent to 4,090 yen. Hyundai Motor rose 2.5 percent to 90,300 won in Seoul. Bridgestone Corp., the world’s biggest tiremaker, advanced 5.2 percent to 1,729 yen. Automakers Advance Nissan Motor jumped 5.4 percent to 726 yen. The company displayed its first electric car yesterday and Chief Executive Officer Carlos Ghosn said electric cars may account for at least 10 percent of global vehicle sales by 2020. Fuji Heavy Industries Ltd. rose 8.4 percent to 414 yen, the steepest climb in the Nikkei 225, after saying U.S. sales of its Subaru-brand cars gained about 30 percent last month. Maruti Suzuki India Ltd., maker of half the cars sold in the country, added 3.3 percent to 1,460.9 rupees, the biggest advance in the Sensex. The company said it sold 33 percent more cars last month, helped by higher overseas sales. The MSCI Asia Pacific has surged about 60 percent since it sank to the lowest level in more than five years on March 9, outpacing gains of 46 percent by the S&P 500. Accelerating growth in China, rising industrial production in Japan and a rally in commodities have helped bolster equities. Stocks in the MSCI Asia Pacific are currently valued at 24.4 times estimated earnings, compared with 18 times at the start of the year. Bank Earnings Eighty-two companies in the MSCI Asia Pacific Index reported earnings on July 31, the busiest day of the season, according to data compiled by Bloomberg. Mitsubishi UFJ gained 6 percent to 600 yen and was the biggest single contributor to gains in the MSCI Asia Pacific. The bank posted a 48 percent jump in net income for the three months to June 30, the first profit after two quarterly losses, because of rising lending income and a gain in stockholdings. “Banks’ earnings are solid, given they set aside substantial reserves for bad loans,” said Tomochika Kitaoka, a senior strategist at Mizuho Securities Co. in Tokyo. Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, climbed 8.4 percent to 142 yen after profit in the latest quarter rose 86 percent. Mizuho Financial, Japan’s third-largest bank by market value, gained 6.1 percent to 228 yen after Morgan Stanley increased its investment rating to “overweight” from “underweight.” Exporters to U.S. Exporters in Hong Kong climbed after the U.S. reported that gross domestic product shrank at a smaller-than-expected 1 percent annual pace in the second quarter after contracting 6.4 percent in the first quarter. Li & Fung Ltd., the biggest supplier of clothes and toys to Wal-Mart Stores Inc. and Target Corp., added 1.5 percent to HK$23.20. Yue Yuen Industrial Holdings Ltd. advanced 6.4 percent to HK$22.40. Shinko Electric Industries Co. jumped 12 percent to 1,670 yen, adding to its 15 percent surge on July 31. The maker of semiconductor packages on July 30 reversed its full-year forecast to a net income from a net loss. It had today’s steepest percentage increase in the MSCI Asia Pacific Index. To contact the reporter for this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net. Last Updated: August 3, 2009 03:21 EDT |
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03-Aug-2009 15:53 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Note the bullish engulfing candle on last Thurs and breakout of the down-sloping bullish flag continuation pattern channel resistance.
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03-Aug-2009 15:47 | Midas / Midas Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Below is my daily 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. |
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03-Aug-2009 15:41 | Midas / Midas Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oh yah, also can sing "Count on Ausgroup to make money."
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03-Aug-2009 15:28 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Trade Summary shows heavy buying up from the seller's queue: 5GJ (AusGroup)
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03-Aug-2009 15:03 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Oh yah, Forgot to mentioned, dyodd as we are accountable for our own actions and nobody else is accountable for our own actions.
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03-Aug-2009 15:01 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Hi grassbeater, Indeed, TA n FA wise very good. In fact, I further increased my stake agian today, in anticipation of the handle breakout above the brim of the cup with handle (see my chart posting below)
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03-Aug-2009 14:29 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Below is my daily 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. 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.
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03-Aug-2009 14:15 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Hi theresa, I get it from my broking house online trading website, UOBKH, right mouse click on tat particular stock.and select from a pop-up quick menu. U can find out from your broking house.
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02-Aug-2009 23:46 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Below is my daily 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. |
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02-Aug-2009 23:29 | Sakari / Straits Asia Go to Message | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Hi cheemeng, Looking at the 3 yeras chart data,it is the cup with the left half formed but the right half still not even half formed, thus not too sure is it going to be a cup. When a full cup is formed and done a downtrend slope followed by an uptrend slope, when this uptrend slope breaks above the brim of the cup, it forms the handle.
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