Buy above rm2.85 and put your stop at below 20 ma @ rm2.70Saturday, February 28, 2009
Friday, February 27, 2009
Thursday, February 26, 2009
Wednesday, February 25, 2009
4:33 pm - Man Fund Talk next week !
Dear Traders Club member,
Your chance to meet Mr Sam Gibson of Man Investments to answer any of your questions as well as the CIO of Phillip Capital Mgt Mr Ang Kok Heng at an exclusive Investment Seminar Talk organised by Phillip Capital Management Sdn Bhd.
You are cordially invited to learn how to enhance your portfolio
Details of the talk are as below:
Date : 3 March 2009 (Tuesday)
Time : 7.00pm - 9.45pm
Venue : Westside Room 1, 2 & 3, Level 8,
Boulevard Hotel, Mid Valley City,
Lingkaran Syed Putra,
59200 Kuala Lumpur (See map attached)
7.00 pm Registration
7.30 pm Alternative Investment Opportunities Through Man Investment
by Mr Sam Gibson of MAN Investment
8.30 pm BREAK*
8.45 pm Trend Following CTA
by Mr Ang Kok Heng, Chief Investment Officer of Phillip Capital Management Sdn Bhd
9.45 pm Question and Answer Session
Please RSVP to myself at 012 685 1207or Susan at 03-2783 0300 or e-mail susan@poems.com.my to register as only limited seats are available. This seminar is free of charge.
Thank you.
Warmest regards,
Bill and Martin
012 685 1207
Your chance to meet Mr Sam Gibson of Man Investments to answer any of your questions as well as the CIO of Phillip Capital Mgt Mr Ang Kok Heng at an exclusive Investment Seminar Talk organised by Phillip Capital Management Sdn Bhd.
You are cordially invited to learn how to enhance your portfolio
Details of the talk are as below:
Date : 3 March 2009 (Tuesday)
Time : 7.00pm - 9.45pm
Venue : Westside Room 1, 2 & 3, Level 8,
Boulevard Hotel, Mid Valley City,
Lingkaran Syed Putra,
59200 Kuala Lumpur (See map attached)
7.00 pm Registration
7.30 pm Alternative Investment Opportunities Through Man Investment
by Mr Sam Gibson of MAN Investment
8.30 pm BREAK*
8.45 pm Trend Following CTA
by Mr Ang Kok Heng, Chief Investment Officer of Phillip Capital Management Sdn Bhd
9.45 pm Question and Answer Session
Please RSVP to myself at 012 685 1207or Susan at 03-2783 0300 or e-mail susan@poems.com.my to register as only limited seats are available. This seminar is free of charge.
Thank you.
Warmest regards,
Bill and Martin
012 685 1207
Tuesday, February 24, 2009
Monday, February 23, 2009
10:01 am - Market Report by Bill Wermine
Dear Traders,
Just returned from Singapore for a business/pleasure trip via Air Asia. Singapore is in a major slowdown because of exposure to the banking and finance industry. Thousands of workers are jobless- there are major department store sales on Orchard Road where we stayed in the Holiday Villa Park View. I bought some high quality Berkshire shirts- I am not sure if this is Warren Buffet's shirt company ? - for a 70 % discount.
Even so customer traffic is light and sales ladies are so agressive to pull you into their shops and get angry if you dont buy. Even traffic at the Singapore zoo was light- only a 3 minute wait to buy a ticket. There were more animals than tourists. The animals however were impressive- including 2 white tigers, pygmy hippos, a polar bear and a herd of mongooses.
The facility was well managed, very clean and very helpful zoo keepers. One explained to me there are only 5000 wild tigers left in the whole planet while in 1900 there were over 200,000. Many of the animals in the zoo are endangered and becoming more endangered due to human greed, pollution and global warming.
I think our world financial system has become disfunctional due to human greed, corruption, mismanagement much as the animal kingdom has been plundered. The zoo had a picture of the last Australian Tazmanian Tiger who became extinct in 1931.
when he died in the Brisbane zoo.
It looks like some major banks, insurance and auto companies such as GM may soon become extinct for the same reasons that so many animal species became extinct.
I met with Tim Peach of Man Investments to get answers to those of you who have concerns.
Bottom line: Your capital guarantee is safe as your money is protected by the AUD government bank deposit scheme. The AUD banks just as Malaysian banks are not involved in credit derivatives, sub prime mortages and the pyramid scheme products that have collapsed the financial house of cards in Europe and the US.
He also explained in detail that Man should perform well in 2009 if everything else goes down the drain.
I had the pleasure to meet with Mr Lim who is the chairman of Phillip Capital. who explained in a simple way how this financial disaster happened and what to expect in the months ahead. He said there will be trading opportunities. He also said if we buy any shares they must have strong cash flow be the strongest of the strong with long term track records- There willbe sharp rallies within the context of the world bear market.
In our next Traders club will share his insights.
Although almost everything in Singapore is on sale there is one thing that is not: I tried to buy some gold maple leafs, Kruger rands and the gold shops are refusing to sell. They say the gold coins in the display case are only for display and not for sale !
Hold on to your gold, it will be very volatile and we may see more upside in weeks ahead.
Have a good week ahead
Bill
Just returned from Singapore for a business/pleasure trip via Air Asia. Singapore is in a major slowdown because of exposure to the banking and finance industry. Thousands of workers are jobless- there are major department store sales on Orchard Road where we stayed in the Holiday Villa Park View. I bought some high quality Berkshire shirts- I am not sure if this is Warren Buffet's shirt company ? - for a 70 % discount.
Even so customer traffic is light and sales ladies are so agressive to pull you into their shops and get angry if you dont buy. Even traffic at the Singapore zoo was light- only a 3 minute wait to buy a ticket. There were more animals than tourists. The animals however were impressive- including 2 white tigers, pygmy hippos, a polar bear and a herd of mongooses.
The facility was well managed, very clean and very helpful zoo keepers. One explained to me there are only 5000 wild tigers left in the whole planet while in 1900 there were over 200,000. Many of the animals in the zoo are endangered and becoming more endangered due to human greed, pollution and global warming.
I think our world financial system has become disfunctional due to human greed, corruption, mismanagement much as the animal kingdom has been plundered. The zoo had a picture of the last Australian Tazmanian Tiger who became extinct in 1931.
when he died in the Brisbane zoo.
It looks like some major banks, insurance and auto companies such as GM may soon become extinct for the same reasons that so many animal species became extinct.
I met with Tim Peach of Man Investments to get answers to those of you who have concerns.
Bottom line: Your capital guarantee is safe as your money is protected by the AUD government bank deposit scheme. The AUD banks just as Malaysian banks are not involved in credit derivatives, sub prime mortages and the pyramid scheme products that have collapsed the financial house of cards in Europe and the US.
He also explained in detail that Man should perform well in 2009 if everything else goes down the drain.
I had the pleasure to meet with Mr Lim who is the chairman of Phillip Capital. who explained in a simple way how this financial disaster happened and what to expect in the months ahead. He said there will be trading opportunities. He also said if we buy any shares they must have strong cash flow be the strongest of the strong with long term track records- There willbe sharp rallies within the context of the world bear market.
In our next Traders club will share his insights.
Although almost everything in Singapore is on sale there is one thing that is not: I tried to buy some gold maple leafs, Kruger rands and the gold shops are refusing to sell. They say the gold coins in the display case are only for display and not for sale !
Hold on to your gold, it will be very volatile and we may see more upside in weeks ahead.
Have a good week ahead
Bill
Saturday, February 21, 2009
9:40 am - Chart of the Week - Kian Joo
Lot of volume and good news that they are getting the Coca Cola franchise giving that F&N decide to forgo it.
Buy on pullback at rm1.25 between rm1.28. Put your stop at rm 1.15. Notice it is above 200 MA
Friday, February 20, 2009
Thursday, February 19, 2009
2:02 pm - End of the world for F & N ???
Coca Cola not renewing their contract ! Watch out the buy signal ! It is not time yet to buy F &N.
Wednesday, February 18, 2009
9:46 am - KLCI is testing on low volume today !
KLCI may hold due to 2nd second stimulus package ???
Tuesday, February 17, 2009
Monday, February 16, 2009
10:26 am - Market Outlook by Bill Wermine
Dear Traders,
NIgel Foo, head of research for CIMB, gave an insightful presentation to our Traders Club Saturday. Using his charts, Elliot Wave and the Joseph Theory he projected a KLSE rally to 1000 in the next 3 months and then a collapse to 450.
This will be in conjunction with a world wide liquidation of stocks, property and commodities. His Dow target is 1500 !
He is forecasting a major depression to rival the 1930 depression.
As traders we focus on the process. Nigel may be correct in his forecast but in the meantime we must focus on what is happening now.
If you know how to identify price and volume spread bars that signal no demand, hidden potential buying, hidden potential selling, tests and upthrusts you can exploit any scenario. If you understand stage analysis in conjunction with volume spread analysis you have in your hands the tools to be a step ahead of the crowd and know when to be in cash, be long shares or be a short seller of futures.
If Nigel is correct you can make a fortune short selling the CI futures, US shares, commodities and CPO.
On Thursday and Friday , I am taking a business trip to Singapore to visit Man Group. Will be speaking with one of their executives who will review their strategies in a general way. If you have any questions about your Man investments I am happy to relay this information to them and will get back with you.
Man AHL was number 20 in terms of performance out of over 9000 hedge funds in 2008 and their general strategy is trend following using mechanical models which take emotions out of the trading process. They also avoided CDOs, sub prime mortgages, Fannie May bonds etc. What I will ask them is why they avoided these instruments of financial distruction while Citi Bank, Merril Lynch., AIG, Lehman and many other famous institutions heavily participated and lost their shareholders money.
What did Man know that the biggest financial institutions with the most famous traders, massive capital and smartest money minds in the world not know ? Even Alan Greenspan said in an interview he was fooled.
Attached is a paper I promissed to deliver at our Traders Club Saturday but because of time constraints did not. It is my outlook on China and how to profit from it. If you have any questions I am happy to share my trading strategy on this opportunity. Phillip offers 3rd party funds which you can participate in your Singapore Wrap Account. When I am in Singapore next week I will research the best opportunity for you.
In any case, we must have an exit plan on this should we particapate in this.
.
If you have any questions about your EPF, Direct Portfolio or Man investments with me please call my partner Martin at 2084 9999 ext 3533 or HP 012 207 8633 as I will be out of my office until Tuesday 24 Feb. Fund Manager Jeffery at 2711 0290 can also any of your questions regarding your position.
NIgel Foo, head of research for CIMB, gave an insightful presentation to our Traders Club Saturday. Using his charts, Elliot Wave and the Joseph Theory he projected a KLSE rally to 1000 in the next 3 months and then a collapse to 450.
This will be in conjunction with a world wide liquidation of stocks, property and commodities. His Dow target is 1500 !
He is forecasting a major depression to rival the 1930 depression.
As traders we focus on the process. Nigel may be correct in his forecast but in the meantime we must focus on what is happening now.
If you know how to identify price and volume spread bars that signal no demand, hidden potential buying, hidden potential selling, tests and upthrusts you can exploit any scenario. If you understand stage analysis in conjunction with volume spread analysis you have in your hands the tools to be a step ahead of the crowd and know when to be in cash, be long shares or be a short seller of futures.
If Nigel is correct you can make a fortune short selling the CI futures, US shares, commodities and CPO.
On Thursday and Friday , I am taking a business trip to Singapore to visit Man Group. Will be speaking with one of their executives who will review their strategies in a general way. If you have any questions about your Man investments I am happy to relay this information to them and will get back with you.
Man AHL was number 20 in terms of performance out of over 9000 hedge funds in 2008 and their general strategy is trend following using mechanical models which take emotions out of the trading process. They also avoided CDOs, sub prime mortgages, Fannie May bonds etc. What I will ask them is why they avoided these instruments of financial distruction while Citi Bank, Merril Lynch., AIG, Lehman and many other famous institutions heavily participated and lost their shareholders money.
What did Man know that the biggest financial institutions with the most famous traders, massive capital and smartest money minds in the world not know ? Even Alan Greenspan said in an interview he was fooled.
Attached is a paper I promissed to deliver at our Traders Club Saturday but because of time constraints did not. It is my outlook on China and how to profit from it. If you have any questions I am happy to share my trading strategy on this opportunity. Phillip offers 3rd party funds which you can participate in your Singapore Wrap Account. When I am in Singapore next week I will research the best opportunity for you.
In any case, we must have an exit plan on this should we particapate in this.
.
If you have any questions about your EPF, Direct Portfolio or Man investments with me please call my partner Martin at 2084 9999 ext 3533 or HP 012 207 8633 as I will be out of my office until Tuesday 24 Feb. Fund Manager Jeffery at 2711 0290 can also any of your questions regarding your position.
Sunday, February 15, 2009
2:34 pm - Chart of the Week - Gamuda
Buy below 10 am if it break above rm 2.10. Put your stop below at rm1.75
Friday, February 13, 2009
10:14 am - Gamuda has broken out with volume !
Watch out for this one ! For those who love to speculate, you have to get it today before 10 am if not now !
Thursday, February 12, 2009
2:56 pm - KLCI may soon follow Hang Seng.
Here is Hang Seng
Here is KLCI
KLCI still stay on course at least until UMNO election. Compare the two charts and you see the similarity.
Wednesday, February 11, 2009
10:15 am - Special Talk this Saturday - Feb 14, 2009
You are invited for this special talk - Feb 14, 10 am, CIMB Auditorium
Speakers:
1) Market Outlook 2009 - Nigel Foo, CIMB Analyst
2) Session sharing from traders club member.
2) Building trader confidence & minimizing the struggle with fear - Bill Wermine
3) Special Report on FKLI Futures Trading - Martin Wong
9:50 am - KLCI may closed higher only to resume uptrend in the afternoon !
The 900 level is a resistance to break. Else this is the resistance for weeks to come.
Tuesday, February 10, 2009
5:09 am - Market Report by Bill Wermine
Dear Traders,
Event: On 14 Feb from 10 AM to 1 PM we are holding our Traders Club meeting at CIMB Auditorium Damansara . (Map attached- the auditorium is next to IBBM) We have Nigel Foo, head of research for CIMB to give a 2009 market outlook and shares to look at. In 2008, He correctly predicted the 42 % drop in the KLSE, the 70 % drop in Crude Palm Oil and the collapse in crude oil.
What is his current forecast ? You would be surprised.
One of our club members from Jakarta is flying over to share his recent trades in the US market + point and figure strategies in the CI CPO futures by Martin. I may speak on opportunities in the China as well as localmarket.
Please confirm your attendance as CIMB will provide refreshments.
Shanghai is up over 22 % from its low and has had an 18 day line change up - one of the most powerful indicators of trend change. This is a Turtle Traders indicator.
PMI figures in China moved from 41.2 to 45.3 % in December stunning the markets who were expecting a drop and the first hopeful sign that the horrific meltdown in the base metals might finally be at a bottom. New orders for exports and production rose strongly indicating that Bejing's 4 trillion Yuan (186 billion RM) stimulus plan has already started to have a positive impact.
Chinese banks have extended about 1.2 Trillion yuan in new loans in January, a monthly record in calls by the government to halt the economies decline.
Copper traders in Shanghai have lifted the red metal over 12 % from the lows while stockpiles have dwindled to a record low.
From a contrary point of view: Before the 75 % collapse in the Shanghai Index, beginning in the 4th quarter of 2007 there was heavy promotion of China Country funds. I counted at least 12 full page ads for China funds.
Many sheeps went to the slaughter house.
For the last few weeks as Shanghai had a powerful rally, I did not see one news ad for a China fund. It looks like the Tigers are quietly buying. For those with Phillip Singapore Wrap acounts we offer several China funds but obviously you need to manage your risks. I can help you choose a good one and if interested give me or Martin a call.
The recovery in China and base metals will definitely support Malaysia, Australia, Korea, Hong Kong stock markets and the AUD Man funds as well as the AUD.
The Chinese as well as most Asian economies are on much more stable footing than the US/ UK. The Chinese economy is run prudently and the banks are sitting on top of huge cash reserves.
The Chinese economy is built on savings and productivity as opposed to the US economy which is built on debt, living and spending beyond ones means. Many big name Investment banks and money center banks are built on a culture of fraud with the collusion of corrupt politicians and SEC regulators. No wonder scared savers have lost trust in the US banks and have rushed into Treasury bonds that pay almost no return. Many prominent US banks are technically insolvent
In China a corrupt banker will be shot at the execution ground with a bullet in the back of his head. In America the corrupt banker will get a multimillion dollar bonus paid by the taxpayer as part of the stimulus bailut plan ! Even the arch con man Bernie Madoff who stole upwards of USD 50 billion from thousands of investors continues to live in luxury in his 4 million condo. Because of his political connections he is untouchable. Some cheated investor hopefully should put a bullet in his head.
I am grateful to be living and working in Malaysia where our financial system is on real ground rather than fantasy land.
While technical analysis concentrate on price and volume, fundamentalists focus on economic forces that drive the economy
. Fundamentists study the cause while technical traders study the effect. Most traders use a combination of both approaches. The problem is that charts and fundamentals are often in conflict with each other. Usually at the beginning of market moves, the fundamentals do not explain or support what the market is doing. These are the critical times which traders looking for certainty and confirmation will miss the boat. Once the market moves the fundamentals are evident but it is too late.
It is like a bouncing ball. The most acceleration happens when the ball hits the support. Once the ball goes up it loses momentum and falls back.
Event: On 14 Feb from 10 AM to 1 PM we are holding our Traders Club meeting at CIMB Auditorium Damansara . (Map attached- the auditorium is next to IBBM) We have Nigel Foo, head of research for CIMB to give a 2009 market outlook and shares to look at. In 2008, He correctly predicted the 42 % drop in the KLSE, the 70 % drop in Crude Palm Oil and the collapse in crude oil.
What is his current forecast ? You would be surprised.
One of our club members from Jakarta is flying over to share his recent trades in the US market + point and figure strategies in the CI CPO futures by Martin. I may speak on opportunities in the China as well as localmarket.
Please confirm your attendance as CIMB will provide refreshments.
Shanghai is up over 22 % from its low and has had an 18 day line change up - one of the most powerful indicators of trend change. This is a Turtle Traders indicator.
PMI figures in China moved from 41.2 to 45.3 % in December stunning the markets who were expecting a drop and the first hopeful sign that the horrific meltdown in the base metals might finally be at a bottom. New orders for exports and production rose strongly indicating that Bejing's 4 trillion Yuan (186 billion RM) stimulus plan has already started to have a positive impact.
Chinese banks have extended about 1.2 Trillion yuan in new loans in January, a monthly record in calls by the government to halt the economies decline.
Copper traders in Shanghai have lifted the red metal over 12 % from the lows while stockpiles have dwindled to a record low.
From a contrary point of view: Before the 75 % collapse in the Shanghai Index, beginning in the 4th quarter of 2007 there was heavy promotion of China Country funds. I counted at least 12 full page ads for China funds.
Many sheeps went to the slaughter house.
For the last few weeks as Shanghai had a powerful rally, I did not see one news ad for a China fund. It looks like the Tigers are quietly buying. For those with Phillip Singapore Wrap acounts we offer several China funds but obviously you need to manage your risks. I can help you choose a good one and if interested give me or Martin a call.
The recovery in China and base metals will definitely support Malaysia, Australia, Korea, Hong Kong stock markets and the AUD Man funds as well as the AUD.
The Chinese as well as most Asian economies are on much more stable footing than the US/ UK. The Chinese economy is run prudently and the banks are sitting on top of huge cash reserves.
The Chinese economy is built on savings and productivity as opposed to the US economy which is built on debt, living and spending beyond ones means. Many big name Investment banks and money center banks are built on a culture of fraud with the collusion of corrupt politicians and SEC regulators. No wonder scared savers have lost trust in the US banks and have rushed into Treasury bonds that pay almost no return. Many prominent US banks are technically insolvent
In China a corrupt banker will be shot at the execution ground with a bullet in the back of his head. In America the corrupt banker will get a multimillion dollar bonus paid by the taxpayer as part of the stimulus bailut plan ! Even the arch con man Bernie Madoff who stole upwards of USD 50 billion from thousands of investors continues to live in luxury in his 4 million condo. Because of his political connections he is untouchable. Some cheated investor hopefully should put a bullet in his head.
I am grateful to be living and working in Malaysia where our financial system is on real ground rather than fantasy land.
While technical analysis concentrate on price and volume, fundamentalists focus on economic forces that drive the economy
. Fundamentists study the cause while technical traders study the effect. Most traders use a combination of both approaches. The problem is that charts and fundamentals are often in conflict with each other. Usually at the beginning of market moves, the fundamentals do not explain or support what the market is doing. These are the critical times which traders looking for certainty and confirmation will miss the boat. Once the market moves the fundamentals are evident but it is too late.
It is like a bouncing ball. The most acceleration happens when the ball hits the support. Once the ball goes up it loses momentum and falls back.
For those with Ameritrade accounts check out FCX Freeport McMoran which is a play on copper. It has formed a classic stage 1, support has been tested 6 times as of this writing and each test is on lower volume meaning selling has dried up. FCX has collapsed from 116 USD per share and is now at USD 27. Risk 20 % from this level with the chance of a 100 % return within 6 months. News is really bad but remember bad news is the friend of the smart money buyers.
Have a good week ahead and continue to focus on high grade blue chip KLSE shares which pay dividends.
Bill
Have a good week ahead and continue to focus on high grade blue chip KLSE shares which pay dividends.
Bill
Monday, February 9, 2009
9 am - Chart of the Week - Pos
Pos is under 18 L/C. Buy on tomorrow before 10 am above rm 2.12. Put your stop at rm 1.97
Friday, February 6, 2009
Thursday, February 5, 2009
Wednesday, February 4, 2009
Tuesday, February 3, 2009
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