Do u trust this man??

He could have again short-sell & now scare everyone into selling so he can buy back lower, hahaha... I think he is a cunning old fox.

Read the quote yourself:

"Soros’s Soros Fund Management LLC was last month fined 489 million forint ($2.2 million) for attempting to manipulate the share price of OTP Bank Nyrt., Hungary’s largest bank, the country’s financial regulator said.

The Soros fund attempted on Oct. 9 to “send out false or misleading signals about a security’s supply and demand or its share price” and short sold OTP shares, the regulator, known as PSZAF, said in a statement late yesterday. The short selling caused the shares to drop 14 percent in the final 30 minutes of trade, the regulator said. Soros apologized for the trade and said the fund had started an internal investigation"

pjdpeter      ( Date: 07-Apr-2009 14:50) Posted: Soros Calls Gain by U.S. Stocks Since March a Bear-Market Rally Share | Email | Print | A A A By Saijel Kishan and Kathleen Hays April 7 (Bloomberg) -- George Soros, the billionaire hedge- fund manager who made money last year while most peers suffered losses, said the four-week rally by U.S. stocks isn’t the start of a bull market because the economy is still shrinking. “It’s a bear-market rally because we have not yet turned the economy around,” Soros, 78, said in an interview yesterday with Bloomberg Television, referring to a temporary rebound in stock prices. “This is not a financial crisis like all the other financial crises that we have experienced in our lifetime.” The Standard & Poor’s 500 Index of the largest U.S. companies has gained 24 percent since March 9 on optimism that the worst of the 16-month U.S. recession is over. The economy continues to contract, and there’s a risk the U.S. falls into a depression, Soros said. “As long as we deal with this in a multilateral and more or less coordinated way, I think we’ll get through,” he said. Soros gave a mostly positive review of the President Barack Obama’s administration. “He’s done very well in every area, except in dealing with the recapitalization of the banks and the restructuring of the mortgage market,” said Soros, who has published an updated paperback version of his book “The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means (Scribe Publications, 2009). “There, unfortunately, there’s just a little bit too much continuity with the previous administration.” U.S. stocks fell for the first time in five days yesterday on concern that government measures to shore up banks may not help as much as expected and loan losses will exceed levels from the Great Depression. Soros said the banking system is “seriously under water” with banks on “life support.” ‘Zombie’ Banks “They are weighed down by a lot of bad assets, which are still declining in value,” he said in the interview in his New York office. “The amount is difficult to estimate, but I think it’s in the region of maybe a trillion-and-a-half dollars.” Soros said the change to fair-value accounting rules will keep troubled banks in business, stalling a U.S. recovery. “This is part of the muddling-through scenario where we are going to keep zombie banks alive,” Soros said. “It’s going to sap the energies of the economy.” The Financial Accounting Standards Board last week relaxed so-called mark-to-market rules, allowing banks to use “significant” judgment in gauging prices of some investments on their books. While analysts said the measure may reduce writedowns and boost net income, investor advocates and accounting-industry groups said it will help financial institutions hide their true health. Nationalization Bugaboo “This bugaboo of nationalizing the banks, which President Obama has determined not to do, the result is that we are nationalizing only one side of the balance sheet,” Soros said. “We gradually take over the deficits on the balance sheet. But we are not actually going to benefit from the banks recovering.” Money being injected into banks under government rescue programs should be used to finance new leading, according to Soros. He said he participated in HSBC Holdings Plc’s rights offer, which raised about $17.7 billion last week. Soros’s firm oversees $21 billion. Its Quantum Endowment Fund returned 8 percent in 2008. That compared with an average loss of 19 percent by hedge funds, according to data compiled by Hedge Fund Research Inc. of Chicago. The fund is up 5.2 percent this year through February, according to data compiled by Bloomberg. Soros was ranked as last year’s fourth-highest paid hedge fund manager with about $1.1 billion, according to Institutional Investor’s Alpha magazine. Hedge-Fund Regulation Soros said hedge funds should be regulated like other financial firms and that it would be appropriate for authorities to monitor positions to see whether some managers have “excessive exposure.” The Group of 20 leaders said last week that they would extend oversight to all financial institutions deemed vital to global financial stability, including for the first time “systemically important” hedge funds. U.S. Treasury Secretary Timothy Geithner said last month he wants to bring hedge funds, private-equity firms and derivatives markets under federal supervision for the first time. “The hedge funds that have used excessive leverage have actually failed or are on the way out, so I don’t think this is going to do any damage or hurt the hedge funds except for the fact that they have to fill out more forms,” Soros said. “Recognizing that markets are inherently unstable does require a different kind of regulation than we had in the past,” he said. Hungarian Ruling Soros’s Soros Fund Management LLC was last month fined 489 million forint ($2.2 million) for attempting to manipulate the share price of OTP Bank Nyrt., Hungary’s largest bank, the country’s financial regulator said. The Soros fund attempted on Oct. 9 to “send out false or misleading signals about a security’s supply and demand or its share price” and short sold OTP shares, the regulator, known as PSZAF, said in a statement late yesterday. The short selling caused the shares to drop 14 percent in the final 30 minutes of trade, the regulator said. Soros apologized for the trade and said the fund had started an internal investigation. Soros said that the U.S. housing market hasn’t reached a trough, even as transactions in some areas such as California have increased. “There are some signs of hitting bottom, but we are not there yet,” he said. “A lot has been done to forestall foreclosures.” China’s Stimulus Hungarian-born Soros gained fame in the 1990s when he broke the Bank of England’s defense of the pound and drove the currency from Europe’s system of linked exchange rates. He also successfully bet that Germany’s mark would rise after the collapse of the Berlin Wall in 1989 and Japanese stocks would start to fall in the same year. Soros said China’s economic growth will accelerate before the end of the year. “They have a pretty big stimulus package,” he said. “They are going to use more, because not being a democracy, the leadership knows that their very survival, the avoidance of social unrest, requires them to generate growth.” China’s economy in the fourth quarter grew 6.8 percent from the same period a year earlier, lagging the 9 percent expansion in all of 2008 and 13 percent in 2007. Industrial output growth slowed, forcing thousands of factories to close and leaving about 20 million migrant workers jobless. Brazil’s economy will resume growth “relatively soon,” helped by Chinese demand for iron ore and soybeans, Soros said. “I think Brazil actually, together with China, will be among the recovering countries. I think the outlook for Brazil is better than for most other countries.”

U think your boss is GODDESS of fortune meh.... Alemak.

Learn to wean off your boss's milk glands lah

handon      ( Date: 06-Apr-2009 22:45) Posted: tat time my boss said dow 8.0... gold 8.8.... then gold 6.0... dow ???... ask my boss tomorrow....

iPunter,

Yuhu...!!, tats the way I like it.... ah ha ah ha

This is the way I hope everyone also like it.... ah ha ah ha.

Hope u too plat the mkt like a fiddle.. ah ha ah ha.

Happy days are always here if we trade following TA, ride the profit & stop-loss... even in downtrend, can still play the bear rallyusing the short-term trend.

iPunter      ( Date: 03-Apr-2009 18:26) Posted: RichTan... :) That's the way i like it... the way to go... You play the market like a fiddle  ... hehehe...