Last friday Dow suffer with a -177 freefall causing Monday bloodshed in Asia countries. This is to be expected. Last night Dow recover 170++ points which puts it back to last thurday's closing. By simple logic, today's market should be like last friday's. But no it did not even recover 20% at all. Why?
People are profit taking now or are markets all over the world trying to depress itself so that Fed will cut rate once again. Based on most readings, most expect another 50bps. So if tomorrow Fed don't give what the world wants, will the world turn South big time? I think it might be. It might be the big one for the month of Feb. Even if the Fed cut 50bps will the market rally. Mini rally yes big one no as the market has now expect and demand that rate cut. Will the Fed cut more than 50bps? Hardly if they cut anymore that means a total of >125bps within less than 2 weeks! Gosh wonder what will that do to the dollar.
So what is my take on all this. Stay clear of the market wait for clearer signal before entering. If you really want to enter, enter with deep pocket, enter the market with spare cash and not your daily makan money!
Tuesday, January 29, 2008
Saturday, January 26, 2008
U-Turn!
well it just came too fast I was expecting the U-turn from US market to come after next week. But it seem to have arrived last nite with a free fall of 170+ points. So will Asia market follow suite and begin another fire sales? HK most likely will as it has rally for the past few days with over 1000 points each day. Any reasonable man with his head still on the shoulder will take profit first and wait it out. I foresee a drop of maybe 30-40++ points in local market on monday.
Friday, January 25, 2008
Strong rebound
I must admit I'm so wrong about the reduction in Fed rate. A 75bp is making a big impact at this for this week. HSI has peak fast and our STI has finally awake and started to climb. Now will this sustain is the question. For those with spare cash I hope you all have bottom fish early this week. By next week you should see big profit and you will be enjoying a good CNY!
Tuesday, January 22, 2008
Fed cut 75bps
FED did the most horrible thing. They announced a 75bps cut now just a few days before the actual date. This to me signal that US is in a state of recession. Heli Ben is trying to save the short term but not the long term. Maybe not even the short term as many see this as too little too late!
As per my previous post, I expect tomorrow to be a great time to fish for good stock. Again it depend on how much DJ fall. If it fall more than >250 points, it a buy signal for me. If anything less than 100 points, no point buying.
Let see how the market move tonight!
As per my previous post, I expect tomorrow to be a great time to fish for good stock. Again it depend on how much DJ fall. If it fall more than >250 points, it a buy signal for me. If anything less than 100 points, no point buying.
Let see how the market move tonight!
Monday, January 21, 2008
Bloodbath!
Monday Blues in the stock market!
STI fall 187 points! Well is that a record fall or not. Too lazy to go and dig up the past record but I'm sure it the worse drop for the last 3 years!. I was very tempted to bottom fish today. Got my eye on two stock. This time round intend to invest for long run(2-3 years). I foresee a recession to come this year and it will be a short one as long as China don't crash overnight. A slowdown in this Giant is what I expect. Reason being, the government of China is watching their economy closely. China wants to be the next big thing and not the next big flog, therefore alot of monetary policy will be in place soon.
Today US market is closed this give Asia market a little space to breath more. Will tomorrow be a bigger hit than today. I doubt it. Market will head south another 70-80 points. Tomorrow US market is the thing to watch. It will give an indication on how Wed the market will react. Wed maybe a good time to enter!
STI fall 187 points! Well is that a record fall or not. Too lazy to go and dig up the past record but I'm sure it the worse drop for the last 3 years!. I was very tempted to bottom fish today. Got my eye on two stock. This time round intend to invest for long run(2-3 years). I foresee a recession to come this year and it will be a short one as long as China don't crash overnight. A slowdown in this Giant is what I expect. Reason being, the government of China is watching their economy closely. China wants to be the next big thing and not the next big flog, therefore alot of monetary policy will be in place soon.
Today US market is closed this give Asia market a little space to breath more. Will tomorrow be a bigger hit than today. I doubt it. Market will head south another 70-80 points. Tomorrow US market is the thing to watch. It will give an indication on how Wed the market will react. Wed maybe a good time to enter!
Friday, January 18, 2008
New Blood
We have new blood in the team. Another two have just join us recently, and is working in the Apac team. Apac team has grew from it humble 3 man team to it current 8 man in less than a year. Work manpower means more roles and work deployed to us. At this stage there is a lot of training going on so efficiency has yet to peak. I hope by end of CNY the new joiners can catch up to speed with us!
I'm taking a new role on top of my current role soon. Might have to come to office early for this role. I really hope I can do the 7am Shift, so that I can get off at 5pm and of course the shift allowance. Even if it not a lot it does add up to something every month.
CNY is near and I can feel it build up especially in my area. Can't wait for CNY to come!
I'm taking a new role on top of my current role soon. Might have to come to office early for this role. I really hope I can do the 7am Shift, so that I can get off at 5pm and of course the shift allowance. Even if it not a lot it does add up to something every month.
CNY is near and I can feel it build up especially in my area. Can't wait for CNY to come!
Tuesday, January 15, 2008
Market News
Market today is as usual, massive Bloodbath all over. S-Stock suffer the most with my all time Fav. Cosco Corp breaking the $5 dollar support. Guess it might be worth less than $4.50 before this week is over.
My analysis.
Look for defensive stock that give good dividend over the years and also have Put warrants out in the market. Long the underlying while buying the put to hedge. In the long run stock will recover(1-2 years time if recession don't hit hard and furious), while in the short term Put warrant will give you a nice pocket money.
Analyst has forecast a 1.00 per share of losses for Citi, but alas Citi(sh*ty) as it is needs to outshine any analyst!It made a stunning losses of about 1.98 per share. GIC our national pride has injected another US 6.88Billion into Citi Bank to be it's white knight. I wonder where did GIC get that much money. A friend joke to say that why recently, we have more ERP gantry points to squeeze more funds to buy US bank stake.
Well is it a stupid move I'm not too sure. The US 6.88 Billion is for a promise 7% interest convertible bond with an option to convert to share later. That means we will get 7% yearly which is high i think and if Shi*t survived the ordeal and it shares recover GIC might make a good profit. But hey that might take like another 2 years before we see that. In the meantime let's hope the Ex-world largest bank don't go bankrupt on us!
My analysis.
Look for defensive stock that give good dividend over the years and also have Put warrants out in the market. Long the underlying while buying the put to hedge. In the long run stock will recover(1-2 years time if recession don't hit hard and furious), while in the short term Put warrant will give you a nice pocket money.
Analyst has forecast a 1.00 per share of losses for Citi, but alas Citi(sh*ty) as it is needs to outshine any analyst!It made a stunning losses of about 1.98 per share. GIC our national pride has injected another US 6.88Billion into Citi Bank to be it's white knight. I wonder where did GIC get that much money. A friend joke to say that why recently, we have more ERP gantry points to squeeze more funds to buy US bank stake.
Well is it a stupid move I'm not too sure. The US 6.88 Billion is for a promise 7% interest convertible bond with an option to convert to share later. That means we will get 7% yearly which is high i think and if Shi*t survived the ordeal and it shares recover GIC might make a good profit. But hey that might take like another 2 years before we see that. In the meantime let's hope the Ex-world largest bank don't go bankrupt on us!
Sunday, January 13, 2008
Big expenditure
Big Expenditure
For the next 2 months I will be having more outflow than inflow of cash. Insurance Premiums are coming up soon. My dog just went to see the vet and cost me another bomb but hey for the love of my dog it worth it. Market has not been kind to me. Chinese new year is about to come meaning more outflow for new cloths and CNY goodies.
So anyone can point me to the right direction on how to have inflow and not outflow for the coming 2 months?
For the next 2 months I will be having more outflow than inflow of cash. Insurance Premiums are coming up soon. My dog just went to see the vet and cost me another bomb but hey for the love of my dog it worth it. Market has not been kind to me. Chinese new year is about to come meaning more outflow for new cloths and CNY goodies.
So anyone can point me to the right direction on how to have inflow and not outflow for the coming 2 months?
Monkey Biz @ Work
Yes as my header puts it. They is some monkey biz back at work. Fundamentally work is still good, people of my level are happy with each other most of the time. However, when you throw in other factors and more pple in things dont see that good afterall.
Something is brewing and it definitely not my cup of tea. If things don't improve the company will bled. They will loss out the the very crux that makes the team alive. The people!. We are it blood carrying the required minerals and oxygen to every part of the body. Unfortunately, we are in for a massive blood lost if nothings starts to improve.
But again I want to stress that on our level we are all good. So please stay close and let's enjoy each other company and ignore what the rest said!
Something is brewing and it definitely not my cup of tea. If things don't improve the company will bled. They will loss out the the very crux that makes the team alive. The people!. We are it blood carrying the required minerals and oxygen to every part of the body. Unfortunately, we are in for a massive blood lost if nothings starts to improve.
But again I want to stress that on our level we are all good. So please stay close and let's enjoy each other company and ignore what the rest said!
Thursday, January 3, 2008
How a relationship is like...
每个男孩都曾是地狱的恶魔，当遇到自己喜欢的女孩时，便会动心，于是变为凡人。 所以女孩一定不要辜负男孩，不然男孩又要回到地狱。每个女孩都曾是无泪的天使，当遇到自己喜欢的男孩时，便会流泪，于是变成凡人。所以男孩一定不要辜负女孩，因为女孩为你放弃了整个天堂!
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