Buy if it break above rm0.82 and put your stop at the support @ rm0.71.
Sunday, November 30, 2008
Friday, November 28, 2008
1:02 pm - Resorts had a selldown with high volume !
If you are not out today for Resorts, make sure you do it when there is a rebounds.
9:56 am - KLCI need to close higher than previous close to move higher.
Else it is going to be a sideway market. FKLI Nov contract is closing today !
Thursday, November 27, 2008
Wednesday, November 26, 2008
10:02 am - Pos Holdg is forming a bullish pattern - saucer shape !
Look into buy it if it hit new high ! This is a weekly chart.
Tuesday, November 25, 2008
Monday, November 24, 2008
10:04 am - Chart of the Week - RHB Capital
Go Long if it break above rm3.70 and put your stop below at rm3.40.
9:59 am - Market Outlook by Bill Wermine
Dear Traders,
With all the bad news about hedge funds going bust/ bankruptcies/ credit collapse/ world depression/ stock market collapse CPO to fall to RM 150 per ton etc Many of you are worried about your investment with Man. Man AHL has had a positive return this year although we have lost on the AUD exchange rate versus the RM.Should the AUD recover we will be well in the money.
Anthony Hall, Executive Director- Asia of Man Investments gave a briefing at Phillip last week and the reasons over 90 % of hedge funds in the world have had negative returns or gone bust this year and why Man has been able to survive and prosper.
He also gave reasons why the US Dollar will resume its downtrend and the AUD/ Commodities may recover.
World wide panic has forced investors to seek the ultimate safety of US Treasury notes. Investors need US Dollars to purchase these. This has caused panic selling of every asset class including currencies/bonds/ stocks and property to raise US Dollars.
The interest rate of the US Treasury notes is only .38 % which is much less than inflation. As credit markets and fear subsides professional investors will move back into commodities and this will weaken the dollar. Those who manage pension funds and private wealth funds must earn more than .38 % interest rates to meet the needs of their wealthy clients. Every day these managers are suffering the negative interest rates as they watch their assets lose money to inflation.
Man is anticipating the trend turn and is slowly moving to long from short in their positions including crude oil/ grains and stock futures. Remember Man has some of most succesful traders on the planet managing their funds.
Mr Hall explained that Man has very low leverage and deals in commodies/ stock futures contracts which are cash settled and guaranteed by the clearing house of the exchange. There are no credit or default issues unlike Lehman bonds/ Subprime securities.
Many hedge funds went bust because the mortgage securities they held were illiquid- no buyers and banks would not extend credit and this resulted in forced liquidation and huge losses to investors.
Man on the other hand because they only deal in liquid securities had no credit problems and London / International banks are only to happy to extend credit.
Unfortunately the new OM IP Man capital guarantee fund closed Friday and I congratulate those who subscribed. You can still participate in the AHL open ended Fund which has had an outstanding return this year and no loss on the AUD. AHL is not guaranteed and no 4 % sales rebate.
Expect a ranging whipsawing KLSE this week and keep to high quality issues. Our main course is on 13/14/15 Dec at the Sheraton/ Subang. We have only 2 seats left and am really surprised about the positive response to our event. The room we booked is full. If you are a graduate of our main course you can attend FOC ( Hotel charges apply) but we may need to squeeze you in at the back due to the good response.
Have a good week
Bill
With all the bad news about hedge funds going bust/ bankruptcies/ credit collapse/ world depression/ stock market collapse CPO to fall to RM 150 per ton etc Many of you are worried about your investment with Man. Man AHL has had a positive return this year although we have lost on the AUD exchange rate versus the RM.Should the AUD recover we will be well in the money.
Anthony Hall, Executive Director- Asia of Man Investments gave a briefing at Phillip last week and the reasons over 90 % of hedge funds in the world have had negative returns or gone bust this year and why Man has been able to survive and prosper.
He also gave reasons why the US Dollar will resume its downtrend and the AUD/ Commodities may recover.
World wide panic has forced investors to seek the ultimate safety of US Treasury notes. Investors need US Dollars to purchase these. This has caused panic selling of every asset class including currencies/bonds/ stocks and property to raise US Dollars.
The interest rate of the US Treasury notes is only .38 % which is much less than inflation. As credit markets and fear subsides professional investors will move back into commodities and this will weaken the dollar. Those who manage pension funds and private wealth funds must earn more than .38 % interest rates to meet the needs of their wealthy clients. Every day these managers are suffering the negative interest rates as they watch their assets lose money to inflation.
Man is anticipating the trend turn and is slowly moving to long from short in their positions including crude oil/ grains and stock futures. Remember Man has some of most succesful traders on the planet managing their funds.
Mr Hall explained that Man has very low leverage and deals in commodies/ stock futures contracts which are cash settled and guaranteed by the clearing house of the exchange. There are no credit or default issues unlike Lehman bonds/ Subprime securities.
Many hedge funds went bust because the mortgage securities they held were illiquid- no buyers and banks would not extend credit and this resulted in forced liquidation and huge losses to investors.
Man on the other hand because they only deal in liquid securities had no credit problems and London / International banks are only to happy to extend credit.
Unfortunately the new OM IP Man capital guarantee fund closed Friday and I congratulate those who subscribed. You can still participate in the AHL open ended Fund which has had an outstanding return this year and no loss on the AUD. AHL is not guaranteed and no 4 % sales rebate.
Expect a ranging whipsawing KLSE this week and keep to high quality issues. Our main course is on 13/14/15 Dec at the Sheraton/ Subang. We have only 2 seats left and am really surprised about the positive response to our event. The room we booked is full. If you are a graduate of our main course you can attend FOC ( Hotel charges apply) but we may need to squeeze you in at the back due to the good response.
Have a good week
Bill
Saturday, November 22, 2008
7:31 am - Sad news for CitiGroup !
Citigroup stock slides below $4 a share NEW YORK (AP) - Citigroup Inc. shares extended their precipitous slideFriday, after an initial lift from a report that said the banking giant wasconsidering a sale to rebuild investor confidence. The New York-based bank is scheduled to hold a board meeting Friday todiscuss whether to sell all or part of itself, the Wall Street Journal reported. But as no hard news emerged from the company about that possibility,Citigroup's shares tumbled below $4 a share to their lowest level in more than15 years, continuing a sharp, week-long plunge that could not be stemmed bySaudi investor Prince Alwaleed bin Talal's decision Thursday to raise his stakein the company to 5 percent from less than 4 percent. The shares have shed 60 percent of their value since last Friday. A call that CEO Vikram Pandit and Chief Financial Officer Gary Crittendenheld Friday morning with senior managers at the bank offered nothing new about ashift in strategy for the company. People familiar with the call, who spoke anonymously because the commentsduring the call were not made public, said that Pandit's message was similar tothat at his town hall meeting with employees on Monday -- that Citigroup hasadequate capital, and that he supports the universal bank model. Still, the people said the call, which lasted about half an hour, did notrule any option out. "It's clear everything is on the table. That wasn't explicit, but I thinkit's clear," one person said. Citigroup is considered the most vulnerable among the major U.S. banks,failing to turn a profit in the past four quarters when rivals such as NewYork-based JPMorgan Chase & Co. and Charlotte's Bank of America Corp. managed todo so. Concerns are growing that the deteriorating economy and still-turbulentmarkets will slam Citigroup with more write-downs in the coming quarters. Whatbegan as a subprime residential mortgage crisis has ballooned into a full-blowndebt crisis, escalating defaults in everything from leveraged loans to creditcard debt to commercial real estate loans. The bank has been rushing to get leaner and wind down its assets backed byrisky debt. On Monday, Citigroup said it will cut 53,000 jobs, on top of 22,000cuts previously announced. Then on Wednesday, the bank said it is acquiring theremaining $17.4 billion in assets held by complex debt products known asstructured investment vehicles that it previously ran off its balance sheet. Copyright 2008 Associated Press. All rights reserved. This material may not be
Friday, November 21, 2008
Thursday, November 20, 2008
Wednesday, November 19, 2008
9:15 am - BJToto is testing its recent high !
Be ready to buy this counter ! This is its 3rd test to break out from the range.
Tuesday, November 18, 2008
Monday, November 17, 2008
3:26 pm - Market Outlook by Bill Wermine
Dear Traders
Carving out a bottom
In late 1974 when the Dow Jones was below 600 and the air was thick with doom, Warren Buffet in an interview with Forbes magazine said “ I feel like an oversexed man in a harem. This is the time to start investing.” Within months the greatest rally in history began with the Dow running almost 450 points in a bit over a year.
This was a percentage return of over 75 % Buffet also said in the interview “ You pay a very high price in the stock market for a cheery consensus.” Some of my clients said there are too many question marks about the near future, wouldn’t it be better to wait until things clear up a bit ?
You know the prose: “Maintain buying reserves until current uncertainties are resolved,” Before reaching for that crutch, face up to two unpleasant facts:
The future is never clear, you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long term values. Justin Mamis, a former partner specialist in the NYSE wrote a book in 1982 , How to Buy, an Insider’s Guide to Making Money in the Stockmarket. The best opportunity he said is after a selling climax. A true climax he said must be preceeded by a prolonged and steady decline, accompanied by deep rooted gloom and a sense of doom.
Finally, investors who have been tormented by the down trend but have held on decide to disgorge their holdings because they have become convinced that prices can only become worse. Thus in addition to such a prior extensive decline, stocks have to embark abruptly in a form of free fall. Often it is sparked by a specific financial crises, such as a major bankruptcy, and then the dumping of stocks seems to pick up momentum. A specialist in the NYSE is a market maker and is obligated to buy in a market collapse to maintain an orderly market. Their average earnings each year is in seven figures and they profit by exploiting the human emotion of fear.
These fellows become rich by being smart like Warren Buffet. We trade in the now and take advantage of what is offered. In my opinion we are in a stage 1 accumulation phase. We need to deal in shares moving into stage 2 and confirmed by volume. Risk is relatively low at this point. Use your Advanced TAVA Metastock filter to find such shares.
One of graduates, JL Tan shared this powerful clip with me. Listen to the uplifting inspirational words and music. It applies to the current market and life itself.
Have a good week
Bill
Carving out a bottom
In late 1974 when the Dow Jones was below 600 and the air was thick with doom, Warren Buffet in an interview with Forbes magazine said “ I feel like an oversexed man in a harem. This is the time to start investing.” Within months the greatest rally in history began with the Dow running almost 450 points in a bit over a year.
This was a percentage return of over 75 % Buffet also said in the interview “ You pay a very high price in the stock market for a cheery consensus.” Some of my clients said there are too many question marks about the near future, wouldn’t it be better to wait until things clear up a bit ?
You know the prose: “Maintain buying reserves until current uncertainties are resolved,” Before reaching for that crutch, face up to two unpleasant facts:
The future is never clear, you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long term values. Justin Mamis, a former partner specialist in the NYSE wrote a book in 1982 , How to Buy, an Insider’s Guide to Making Money in the Stockmarket. The best opportunity he said is after a selling climax. A true climax he said must be preceeded by a prolonged and steady decline, accompanied by deep rooted gloom and a sense of doom.
Finally, investors who have been tormented by the down trend but have held on decide to disgorge their holdings because they have become convinced that prices can only become worse. Thus in addition to such a prior extensive decline, stocks have to embark abruptly in a form of free fall. Often it is sparked by a specific financial crises, such as a major bankruptcy, and then the dumping of stocks seems to pick up momentum. A specialist in the NYSE is a market maker and is obligated to buy in a market collapse to maintain an orderly market. Their average earnings each year is in seven figures and they profit by exploiting the human emotion of fear.
These fellows become rich by being smart like Warren Buffet. We trade in the now and take advantage of what is offered. In my opinion we are in a stage 1 accumulation phase. We need to deal in shares moving into stage 2 and confirmed by volume. Risk is relatively low at this point. Use your Advanced TAVA Metastock filter to find such shares.
One of graduates, JL Tan shared this powerful clip with me. Listen to the uplifting inspirational words and music. It applies to the current market and life itself.
Have a good week
Bill
12:36 pm - Chart of the Week - Litrak !
Buy if it take out the high @ rm1.82. Put your stop below the double bottom @ rm1.54
Friday, November 14, 2008
Thursday, November 13, 2008
Wednesday, November 12, 2008
Tuesday, November 11, 2008
Monday, November 10, 2008
10:23 am - Market Outlook by Bill Wermine
Dear Traders,
Today I attended a market outlook by Pong Teng Siew, Head of Research of Jupiter Securities. There was a full house, standing room only. Mr Pong is a highly regarded analyst and has been able to consistently forecast KLSE market turns. He feels 802 is the near term bottom because credit markets world wide are unfreezing. The new fear he said is world wide recession which 1/2 of the developed countries including the US, UK and Europe are in. however; markets turn in the depth of a recession as players anticipate an economic upturn.
He suggested to be in defensive mode. Avoid property, construction, banking, auto and airline shares as the economy is slowing. On the other hand, he recommends Sime, TM and PPB Group due to defensive qualities and solid dividends. I hold these shares for my managed accounts.
He also forecasts a recovery in crude oil and CPO as these commodities are deeply oversold and are trading at less than fundamental value. He also feels the US Dollar will resume its fall as credit markets unfreeze and the US prints money to bail out the banks, auto companies, un employed workers, housing etc. Obama will print massive amounts of US Dollars to fulfill his election promises.
We are holding our monthly Traders Club at Phillip Capital Office on 15 November at 10 AM . If you have any topics you wish to share please let me or Martin know.
I will present an interesting study on Gap trading in the CPO and CI Futures and how to use volume to confirm the success of a gap trade. I need someone to present on point and figure.
Have a good day
Bill
Today I attended a market outlook by Pong Teng Siew, Head of Research of Jupiter Securities. There was a full house, standing room only. Mr Pong is a highly regarded analyst and has been able to consistently forecast KLSE market turns. He feels 802 is the near term bottom because credit markets world wide are unfreezing. The new fear he said is world wide recession which 1/2 of the developed countries including the US, UK and Europe are in. however; markets turn in the depth of a recession as players anticipate an economic upturn.
He suggested to be in defensive mode. Avoid property, construction, banking, auto and airline shares as the economy is slowing. On the other hand, he recommends Sime, TM and PPB Group due to defensive qualities and solid dividends. I hold these shares for my managed accounts.
He also forecasts a recovery in crude oil and CPO as these commodities are deeply oversold and are trading at less than fundamental value. He also feels the US Dollar will resume its fall as credit markets unfreeze and the US prints money to bail out the banks, auto companies, un employed workers, housing etc. Obama will print massive amounts of US Dollars to fulfill his election promises.
We are holding our monthly Traders Club at Phillip Capital Office on 15 November at 10 AM . If you have any topics you wish to share please let me or Martin know.
I will present an interesting study on Gap trading in the CPO and CI Futures and how to use volume to confirm the success of a gap trade. I need someone to present on point and figure.
Have a good day
Bill
Saturday, November 8, 2008
10:36 am - Chart of the Week - WCT Engineering
Enter on Monday before 10 am. Put your stop at rm1.40 and ride this end of the year.Friday, November 7, 2008
9:06 am - Another down day for KLCI !
50% retracement at 861. KLCI will test today ! If it can stay above 861, it is good !
Thursday, November 6, 2008
Wednesday, November 5, 2008
3:44 pm - KLCI has a small spread bar with high volume - No demand !
This spell bearish for KLCI tomorrow !
9:58 am - KLCI gap up reacting to last nite DJIA higher closing !
I think KLCI is due for a minor correction soon ! However, volume is high today !
Tuesday, November 4, 2008
Monday, November 3, 2008
5:07 pm - KLCI is ready to test and close above 900
Becareful, I believe tomorrow is a profit taking day ! Not a time to be buying tomorrow !
2:19 pm - KLCI closing above 990 wud signify bullish news !
The media will report them - likely tomorrow !
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