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I prefer KXD to Sapphire.
Narayanasamy ( Date: 02-Jan-2009 15:01) Posted:
Hi,
Is Sapphire (formerly I.R.E) is good to buy today? |
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None so far.
iPunter ( Date: 24-Dec-2008 15:17) Posted:
POEMs offers 5x margin, so it's tame thus no need for stop loss, as one can always market out
the next day if desired... 
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AMITABHA..............
trader88.sg ( Date: 24-Dec-2008 12:43) Posted:
Investor who lost more than $1 billion of client money in Madoff scandal commits suicide
Adam Goldman and Tom Hays, Associated Press Writers
Tuesday December 23, 2008, 8:45 pm EST
NEW YORK (AP) -- A fund manager who lost more than $1 billion of his
clients' money to Bernard Madoff was discovered dead Tuesday after
committing suicide at his Manhattan office, marking a grim turn in a
scandal that has left investors around the world in financial ruin.
Rene-Thierry Magon de la Villehuchet was found sitting at his desk at
about 8 a.m. with both wrists slashed, NYPD spokesman Paul Browne said.
A box cutter was found on the floor along with a bottle of sleeping
pills on his desk. Police did not find a suicide note.
De la Villehuchet was one of several money managers and investors left
reeling in the wake of Madoff's alleged $50 billion Ponzi scheme, and
his suicide demonstrates how the repercussions of this gigantic scam
are intensifying by the day.
De la Villehuchet, 65, was a distinguished financier who came from a
long line of aristocratic Frenchmen, and he tapped his connections in
the world of European high society to attract clients to his firm,
Access International Advisors. It was not immediately clear how he knew
Madoff or who his clients were.
He grew increasingly subdued after the Madoff scandal broke, arousing
suspicion among janitors in his Madison Avenue office tower Monday
night when he demanded that they be out of there by 7 p.m. Less than 13
hours later, a security guard checked on him in his 22nd-story office
suite. But de la Villehuchet was dead -- a trash can placed near his
body to apparently catch the blood, Browne said.
His death came as swindled investors began looking for ways to recoup
their losses. Funds that lost big to Madoff are also coming up against
investor lawsuits and backlash for failing to properly vet Madoff and
overlooking some red flags that could have steered them away. It's not
immediately known what kind of scrutiny de la Villehuchet was facing
over his losses.
De la Villehuchet (pronounced veel-ou-SHAY) comes from rich French
lineage, with the Magon part of his name referring to one of France's
most powerful families. The Magon name is even listed on the Arc de
Triomphe in Paris, a world-famous monument that was commissioned by
Napoleon in 1806.
"He's irreproachable," said Bill Rapavy, who was Access International's
chief operating officer before founding his own firm in 2007.
The Frenchman's firm enlisted intermediaries with links to upper-crust
Europeans to garner investors. Among them was Philippe Junot, a French
businessman and friend who is the former husband of Princess Caroline
of Monaco, and Prince Michel of Yugoslavia.
De la Villehuchet, the former chairman and CEO of Credit Lyonnais
Securities USA, was also known as a keen sailor who regularly
participated in regattas and was a member of the New York Yacht Club.
He lived in an affluent suburb in Westchester County with his wife,
Claudine. They have no children. There was no answer Tuesday at the
family's two-story house. Phone calls to the home and de la
Villehuchet's office went unanswered.
Guy Gurney, a British photographer living in Connecticut, was friends
with de la Villehuchet. The two often sailed together and competed in a
regatta in France in November.
"He was a very honorable man," Gurney said. "He was extraordinarily
generous. He was an aristocrat but not a snob. He was a real person.
When he was sailing, he was one of the boys."
The two were supposed to have dinner last Friday but Gurney called the
day before to cancel because of the weather. But during the call, de la
Villehuchet revealed he had been ensnared in the Madoff deceit.
"He sounded very subdued," Gurney said.
Gurney said de la Villehuchet was happily married to his wife.
"I can't imagine what it's like for her now," he said.
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Since you say true then true looh....
tchekchuan ( Date: 24-Dec-2008 11:56) Posted:
| Heard all bank shares will dropped drastically every chinese new year. Is it true?
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Dear SJ Admin, all management and Staff,
Thank you and same to you.
admin ( Date: 23-Dec-2008 18:58) Posted:
Dear Friends,
We wish everyone a Merry Christmas and a Happy New Year!
Cheers,
Admin |
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STI 1200 no way !!! STI will pass through 2100 there will be the way in 2009 !!!
cheongwee ( Date: 23-Dec-2008 10:46) Posted:
Your 1200 for sti is what i initially thought of..then i believe we buy capland at 1.7 and many other like i bought before..buy slowly, be patient,
scotty ( Date: 23-Dec-2008 07:42) Posted:
Good article here.
DBS rights issue and the more than 10,000 deferred payment sales - provide the much needed wake up call that the worse is yet to come |
22-Dec
Just back from a short break with the family in ShenZhen and Macau. Friends I met there shared anecdotal evidence that the economy is weakening fast. On the golf course, I was told that a normal caddy would do 2 flights per day but now its one flight every two or three days. The spas and karaoke lounges are also empty. In ShenZhen and Dongguang, the number of corporate failures is in the thousands as most of these are export oriented companies which have been impacted by the slowdown in the global economy. In Macau, the Venetian was impressive but the level of activity was slow....during and after the weekend. Anyway its an impressive casino and I am wondering whether our own IRs will even be able to come close in terms of granduer and casino traffic.
Back to the Singapore market, I was not surprised by the rally in the STI Index to pass the 1800 level. I also read in the newspapers this morning that some market watchers are calling that the worse is over and that markets have bottomed. This is being too optimistic....the market's strength is coming from thin trading where even on low volumes blue chip index stocks can rise. Banks and property led the bounce off the 1600 level but its another BEAR rally.....more downside ahead especially into Q1-2009.
Why am I still so bearish that the worse is yet to come ??
First the economic data from the US, EU, Japan and even China is getting worse and unemployment is rising. Even the World Bank and IMF chiefs are warning of an even worse 2009 compared to H2-2008. Second, the wave of hedge fund selling is NOT OVER.....and deleveraging is still continuing. Many of my friends who have invested in Hedge funds have been informed that redemptions are being frozen until the third quarter of 2009 because capital markets are depressed and illquid. This means that the hedge fund redemption selling is still not over. Thirdly, we see job redundancies rising and many companies shutdown production by one to two months because of a huge build-up of inventory.
The market probably had a wake up call that the worse is yet to come when DBS announced its huge rights issue today of 1:2 at $5.42 which would raise around S$4bn in new money. This is apparently not for acquisition but to strengthen its balance sheet with Temasek agreeing to underwrite one third of the issue. I have a few questions on the rights which given the weakness in the share price today probably means that other investors have similar concerns.
Firstly why is the discount on the rights so steep ? If the US$4bn is not for acquisition then does it imply some potential damage to DBS' balance sheet given the weak economy ? The fact that DBS was already trading at a price to book discount to OCBC and UOB means that the market was already cognizant of the poorer asset quality of DBS compared to the other two banks. The next concern by the market is that the other two banks would also be doing similar fund raisings in the near future.
Let me remind investors about the 1997 Asian Financial Crisis where our bank NPLs were more than 10% and the bank share prices traded to a low of 0.5 times price to book.....Is this crisis worse or better than the Asian Financial Crisis ? Many people including myself are of the view that this is the worse crisis since the great depression - so it should be worse than 1997 - this means higher than 10% NPLs and a possibility of trading below 0.5 times price to book. If our banks trade down to those levels and given there one third weighting in the STI Index - the index could fall to the 1200 level ! So dont be fooled by the recent firmness - its got no legs because market volumes are very low. |
Market Commentary By:
Kevin Scully
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Is it worth buying now, or wait another further 30% discount to go?
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"Many many" lots "Pei See" to tell you, I bought so far. No other way just hold another 10 years perhaps.
scotty ( Date: 19-Dec-2008 16:57) Posted:
how many lots?
Hulumas ( Date: 19-Dec-2008 15:56) Posted:
| Don't you know how many lots I hold? Very sad.. |
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Don't you know how many lots I hold? Very sad...
tanglinboy ( Date: 19-Dec-2008 14:02) Posted:
| No big deal... I know someone who bought Chartered at $16 after it IPO. |
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Hope so!
ozone2002 ( Date: 19-Dec-2008 13:17) Posted:
Property counters all rising...
property boom ah?.. |
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YES.
keepnosecrets ( Date: 18-Dec-2008 14:14) Posted:
| Good for everyone now out of Biosensensors. Hope you make some profits. My friend's auntie always lost whenever she bought the stock. Now even any good news, she would not touch because she said the counter is manipulated by the BBs. Is it true? Experience should tell, anyone? |
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All the way up, slowly and surely.
scotty ( Date: 19-Dec-2008 14:58) Posted:
| I think this is a year end bear rally. Everything will start dropping again by mid January. Any views? |
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So, Sgd. 0.10 could be possible then! Huh, so huge paper loss, which I bought avearge at Sgd. 0.92.
scotty ( Date: 13-Dec-2008 11:41) Posted:
Newspaper says Chartered to see worst losses this quarter.
Jia lat liao. |
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KXD is even cheaper at Sgd. 0.005.
iPunter ( Date: 16-Oct-2008 11:12) Posted:
So cheap,why no buyers?
Maybe it's still 'expensive'....
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I agree with you.
nickyng ( Date: 18-Dec-2008 17:13) Posted:
well..OPEC cartel can cut all they wan...even 5m barrel per day...BUT as the financial turmoil hit hard on those OPEC and non-OPEC alike...u thk members will bother to stick to those amount they pledged to cut? haha...all will be pump oil and sell at watever mkt price people are buying...juz like mad rush when stocks are falling...just SHORT and sell!! hee...... :P then it will bring CO price even lower....may be US$30 ? hee...
AK_Francis ( Date: 18-Dec-2008 11:55) Posted:
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Ha ha precisely what one of my the former COs told me now best buy is SPC, in the kopi tiam, may be after few glasses of beer loh.
But I told him that not so as though the supply reduced, but the demand may not distinctly increase, esp for world bigest fuel consumer ie US n China now CO stock pile are increased.
Opec members produces 29m brl a day. Now suggesting cutting 2.2m brl per day. This means that Opec is taking 4.2 million barrels a day off the market compared to September levels. The 4.2 million figure includes more than 500,000 barrels of over-production that Opec said in September it would eliminate and a formal cut of 1.5 million barrels a day that it agreed on last month. Overall reduction merely more or less symbolic liao.
Opec supply 40% of world demand. Though the remaining non Opec members so far didn't react it strongly, exp Russia.
Ha ha, our SPC 3 oil fields production, AK guess status quo. |
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Absolutely agree!
leong3k ( Date: 18-Dec-2008 16:35) Posted:
Invest stock better than invest car as after 10 yrs definitely lost > 80% but stock u may profit > 80% base on current price..just my opinion..
scotty ( Date: 18-Dec-2008 15:10) Posted:
Certificate of Entitlement (COE) prices for Cat B cars have plunged 59 per cent at the close of the second bidding for December.
Prices finished at $2,656 - an all-time low for 2008 - and a big drop from the $6,501 recorded at the month's first bidding.
COE prices in other categories displayed moderate dips mostly.
Premiums for Cat A - for cars 1,600 cc and below, and taxis - dropped from the month's first bidding price of $7,721 to $6,200.
The Goods Vehicle and Buses category, Cat C, finished at $4,001 - a 23 per cent dip from $5,212.
Premiums for Cat E, the open category, closed at $6,509 from $7,589.
Cat D premiums for motorcycles dipped slightly from $1,102 to $1,059.
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Yes, STI will soon recover to 3000 by next year (Earth Bull Year).
shplayer ( Date: 10-Apr-2008 22:01) Posted:
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Different counter has different outcome I suppose... Could be better, or could be worse!
Laulan ( Date: 16-Dec-2008 13:42) Posted:
Just saw one STXPO 100, consolidated 10 for 1. Price after listing up more than $1.00. So now I think it can happen to Abterra. Cheers.
keepnosecrets ( Date: 15-Dec-2008 11:09) Posted:
Well, in the stock market anything is possssible! |
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Are you cursing this counter?
iPunter ( Date: 16-Dec-2008 16:08) Posted:
If one has enough spare money, say at least ordinarily 300k, one can buy in stages or steps of 0.20 as it falls and if it falls. One's money then gets tied up in the market indefinitly.
Thus as one buys on the way down from this point on, one can be reasonably assured of a good average price in the long run, say three to five years down the line. But even that is not certain because the world/US economy may be rather 'freakish' this time round...
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You can short others but not Midas... As far as I know, highly alert control share!
tchoonw ( Date: 15-Dec-2008 15:26) Posted:
now is the target price to short...52c and buy back below 40c...
leechongpeng ( Date: 15-Dec-2008 14:28) Posted:
| What the target price to buy Midas |
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