There is no trading on Friday as May 1, 2009 is Labour Day !
Thursday, April 30, 2009
Wednesday, April 29, 2009
9:03 am - Wud we see another day of selling in KLCI today !
It is t+3 and retailers may square off their position.
Tuesday, April 28, 2009
3:34 pm - Get rid of your Talam shares !
Do not purchase this share ! The selling process has begun.
Monday, April 27, 2009
5:07 pm - KLCI retraced up to 38.2% in the last May 2008 @ 1304.
Today, KLCI also retraced up to 38.2% at 992.0.
Are we facing a reversed soon ? The bear rally is over ???
9:37 am - Whenever there is flu pandemic, watch out for Top Glove as health agencies wud order more surgery glove !
It is 18 L/C . Buy today and put your stop at rm5.35
8:53 am - Market Report by Bill Wermine
Dear Traders,
Today we held our Traders Club, at the CIMB auditorium, Nigel Foo, Head of research for CIMB gave a realistic analysis of the KLSE. He feels the KLSE will move ahead to the 1050 level in the next 2 months. He suggests to be defensive should the KLSE hit this level. Be ready to quickly lock in profits.
The top is in if:
News flow is extremly bullish and price stalls out
Retailers are jumping in and volume reaches unusual high levels but price refuses to advance- it means lack of demand from smart money. In fact smart money is selling to the herd of sheep investors.
Positives include a more business friendly PM, lifting of the 30 % Bumi quota for selected industries, and a resurgance of world markets.
Underlying the bullish world stock environment is unprecedented liquidity flowing from central banks- with interest rates at historical lows and an all out push to get credit flowing again. Never underestimate the power of the US Treasury and Federal Reserve. They can create currency out of thin air and they are.
Unfortunately, at some point the piper must be paid.
There will be a black swan event. An event that can not be predicted and the house of cards will collapse.
That is why we shared the ways of investing in gold. Gold is the ultimate safe haven and every investor should have exposure.
I apoligize to all of you who came to hear from the gold fund manager from Am Bank who was scheduled to come. He never even had the courtesy to call me that he could not come.
Luckily we had a film clip from hedge fund manager Michael Covel with comments from Jim Rogers and George Soros who in my opinion carry weight. All 3 are recommending gold exposure of 5 to 10 % should the currency printing bubble explode.
Also Martin and Nigel shared some excellent research to support holding gold.
In any case, we will hold our gold conference at the Armada Hotel on 10 May Sunday from 2 to 5 PM.
Cover charge is RM 25. This will be in more depth than what was presented today.
Let me know if you wish to attend as seats will be limited. You may pay/egister at the door.
Martin will share a powerful gold trading system for you technical traders. He will share the backtesting results which prove the system has positive expectation.
This system is medium term and works in timing Gold Unit Trusts, Gold ETFs. and gold futures.
I have done some research on the various gold scams perpetuated on local investors that you need to be awair of. I will speak on this. In times of uncertainty and volatility fraudsters are very active and we need to know how to protect ourselves.
Bottom line, only deal with locally regulated dealers. This also applies to FOREX trading.
Attached is an article on gold I wrote for Malaysian Business last month.
Have a good week ahead
Bill
Today we held our Traders Club, at the CIMB auditorium, Nigel Foo, Head of research for CIMB gave a realistic analysis of the KLSE. He feels the KLSE will move ahead to the 1050 level in the next 2 months. He suggests to be defensive should the KLSE hit this level. Be ready to quickly lock in profits.
The top is in if:
News flow is extremly bullish and price stalls out
Retailers are jumping in and volume reaches unusual high levels but price refuses to advance- it means lack of demand from smart money. In fact smart money is selling to the herd of sheep investors.
Positives include a more business friendly PM, lifting of the 30 % Bumi quota for selected industries, and a resurgance of world markets.
Underlying the bullish world stock environment is unprecedented liquidity flowing from central banks- with interest rates at historical lows and an all out push to get credit flowing again. Never underestimate the power of the US Treasury and Federal Reserve. They can create currency out of thin air and they are.
Unfortunately, at some point the piper must be paid.
There will be a black swan event. An event that can not be predicted and the house of cards will collapse.
That is why we shared the ways of investing in gold. Gold is the ultimate safe haven and every investor should have exposure.
I apoligize to all of you who came to hear from the gold fund manager from Am Bank who was scheduled to come. He never even had the courtesy to call me that he could not come.
Luckily we had a film clip from hedge fund manager Michael Covel with comments from Jim Rogers and George Soros who in my opinion carry weight. All 3 are recommending gold exposure of 5 to 10 % should the currency printing bubble explode.
Also Martin and Nigel shared some excellent research to support holding gold.
In any case, we will hold our gold conference at the Armada Hotel on 10 May Sunday from 2 to 5 PM.
Cover charge is RM 25. This will be in more depth than what was presented today.
Let me know if you wish to attend as seats will be limited. You may pay/egister at the door.
Martin will share a powerful gold trading system for you technical traders. He will share the backtesting results which prove the system has positive expectation.
This system is medium term and works in timing Gold Unit Trusts, Gold ETFs. and gold futures.
I have done some research on the various gold scams perpetuated on local investors that you need to be awair of. I will speak on this. In times of uncertainty and volatility fraudsters are very active and we need to know how to protect ourselves.
Bottom line, only deal with locally regulated dealers. This also applies to FOREX trading.
Attached is an article on gold I wrote for Malaysian Business last month.
Have a good week ahead
Bill
Sunday, April 26, 2009
9:19 am - Comment on TA Enterprise
One of our graduate of our seminar asked me to comment TA Ent.
TA has a high volume run up with wide range bar. The market does not like this kind of bar. I wud not buy any stock of TA enterprise unless it shows some form of test. If I have it, i wud trail my stop to lock in my profit.
Friday, April 24, 2009
12:02 noon - Genting has broken new high and continue to move higher !
See previous weblog on Genting for buy signal yesterday !
Thursday, April 23, 2009
4:33 pm - UEM Land is likely to close above Rm1.00 EOD
If closed above EOD, it is likely to have bullish days ahead !
10:20 am - Genting is breaking on the upside !
Make sure it close above the resistance @ Rm4.55 at the end of the day if you wish to buy it today !
Wednesday, April 22, 2009
11:19 am - Traders' Club Meeting - Sat April 25, 2009 @ 10 am - CIMB Auditorium
Dear Traders,
Just a reminder, our Traders Club is this Saturday 25 April, 10 to 12 AM at CIMB Auditorium: Agenda includes Market Outlook and what market sectors to focus on by Nigel Foo, head of research from CIMB as well as opportunities in the gold market by a gold analist and a technical timing system for gold by Futures Broker, Martin.Wong
Our last foundation seminar this quarter is on 4 5 May at my office at Phillip Capital starting at 10 AM.
If you have any friends who might wish to take advantage of the current KLSE Bull - the best favor you could give them is to inform them of this trading course -by inviting them to our Traders Club Saturday and let them see how to maximize profits, manage risks and grow our wealth.
We should have a full house Saturday so come early to secure your seat.
Have a good day
Bill
Just a reminder, our Traders Club is this Saturday 25 April, 10 to 12 AM at CIMB Auditorium: Agenda includes Market Outlook and what market sectors to focus on by Nigel Foo, head of research from CIMB as well as opportunities in the gold market by a gold analist and a technical timing system for gold by Futures Broker, Martin.Wong
Our last foundation seminar this quarter is on 4 5 May at my office at Phillip Capital starting at 10 AM.
If you have any friends who might wish to take advantage of the current KLSE Bull - the best favor you could give them is to inform them of this trading course -by inviting them to our Traders Club Saturday and let them see how to maximize profits, manage risks and grow our wealth.
We should have a full house Saturday so come early to secure your seat.
Have a good day
Bill
9:41 am - Gold Conferece 2009 - 10 May 2009.
Dear Investor,
We will be organising a Gold Conference 2009 on 10th May 2009 for your clients and prospects. For 5,000 years gold has been the ultimate hedge against inflation, depression, recession and stock market collapse. It is the ultimate safe haven in times of economic turmoil which we experiencing now. Learn how gold can be used to protect the hard earned assets with the following choices:
Physical Gold
Gold Passbook Account
Gold Mining Shares
Gold Mining Share Unit Trust
Gold Futures
Details of the Conference are as below:
Date: 10th May 2009 (Sunday)
Time: 2pm - 5pm
Venue: Nakhoda Room 2 & 3, Level 3, Armada Hotel Petaling Jaya, Lorong Utara C, Section 52, 46200 Petaling Jaya, Selangor
Registration Fee: RM25 for cover charge
1.30pm Registration
2pm "Various approaches to Invest and Hedge in the Gold markets"
by Mr. Bill Wermine, Fund Manager of Phillip Capital Management Sdn Bhd
3pm "Market Outlook for Gold & Precious Metals 2009"
by Mr. Goh Aik Leong, Director, Deutsche Asset Management (Asia) Ltd.
4pm "Timing the Gold Market for Buying & Selling Gold"
by Mr. Martin Wong, Futures Broker of CIMB Futures Sdn Bhd
Please RSVP with Dolly at 016 637 1508 or 03 4252 4149 to register as only limited seats are available. I have also attached herewith Gold Conference Brochure and a write up by Bill which came up in the Malaysian Business Magazine "A Safe Haven".
You may also amend below emails and circulate to your prospects shall they be interested to participate for the event.
Thank you.
Warm Regards,
Phillip Wealth Planners
We will be organising a Gold Conference 2009 on 10th May 2009 for your clients and prospects. For 5,000 years gold has been the ultimate hedge against inflation, depression, recession and stock market collapse. It is the ultimate safe haven in times of economic turmoil which we experiencing now. Learn how gold can be used to protect the hard earned assets with the following choices:
Physical Gold
Gold Passbook Account
Gold Mining Shares
Gold Mining Share Unit Trust
Gold Futures
Details of the Conference are as below:
Date: 10th May 2009 (Sunday)
Time: 2pm - 5pm
Venue: Nakhoda Room 2 & 3, Level 3, Armada Hotel Petaling Jaya, Lorong Utara C, Section 52, 46200 Petaling Jaya, Selangor
Registration Fee: RM25 for cover charge
1.30pm Registration
2pm "Various approaches to Invest and Hedge in the Gold markets"
by Mr. Bill Wermine, Fund Manager of Phillip Capital Management Sdn Bhd
3pm "Market Outlook for Gold & Precious Metals 2009"
by Mr. Goh Aik Leong, Director, Deutsche Asset Management (Asia) Ltd.
4pm "Timing the Gold Market for Buying & Selling Gold"
by Mr. Martin Wong, Futures Broker of CIMB Futures Sdn Bhd
Please RSVP with Dolly at 016 637 1508 or 03 4252 4149 to register as only limited seats are available. I have also attached herewith Gold Conference Brochure and a write up by Bill which came up in the Malaysian Business Magazine "A Safe Haven".
You may also amend below emails and circulate to your prospects shall they be interested to participate for the event.
Thank you.
Warm Regards,
Phillip Wealth Planners
9:06 am - KLCI is above 200 MA - 959 !
Technically, it is bullish and the market is testing for sellers at this point.
Tuesday, April 21, 2009
9:07 am - KLCI is looking a bit of shaky !
But it closed above 200 MA i.e. 960 at the end of the day. It wud be good.
Monday, April 20, 2009
9:27 am - Market Outlook by Bill Wermine
Dear Traders,
Almost every stock analyst, financial news reporter, broker in town expects the KLSE and world markets to have a sizable correction in the short term and then a recovery later down the road.
For this reason it probably won't happen. When the crowd is focused on a scenario something else usually happens. This is an odds play and if you are long you still have to manage your risks and because of the extreme caution of the crowd the odds favor the upside.
Given the monumental efforts of the G 20 governments to thaw the credit markets by massively inflating the monitary base and pegging short term interest rates near zero percent, combined with China's 1.2 trillion USD massive stimulus, the odds favor recovery in the commodity markets with the DJCI climbing 25 % higher towards 140 from todays level of 113 in the months ahead.
The exchange traded fund for the DJCI, in New York is listed under symbol DJP for those with Ameritrade accounts.
Risk 10 % from your entry @ 102 under support.
Upcoming events
- Traders Club with gold outlook and KLSE outlook by Nigel Foo, CIMB technical analyst outlook on 25 April also at CIMB auditorium. No charge for graduates
-Gold Conference on Sun 10 May at Armada Hotel PJ from 2 to 5 PM. Fund Manager from Deutsch Bank to give the gold outlook. Cover charge of RM 25
Continue to accumulate quality shares and come to our events to know what shares to buy and what are the risk, profit objective points.
Regards
Bill
Almost every stock analyst, financial news reporter, broker in town expects the KLSE and world markets to have a sizable correction in the short term and then a recovery later down the road.
For this reason it probably won't happen. When the crowd is focused on a scenario something else usually happens. This is an odds play and if you are long you still have to manage your risks and because of the extreme caution of the crowd the odds favor the upside.
Given the monumental efforts of the G 20 governments to thaw the credit markets by massively inflating the monitary base and pegging short term interest rates near zero percent, combined with China's 1.2 trillion USD massive stimulus, the odds favor recovery in the commodity markets with the DJCI climbing 25 % higher towards 140 from todays level of 113 in the months ahead.
The exchange traded fund for the DJCI, in New York is listed under symbol DJP for those with Ameritrade accounts.
Risk 10 % from your entry @ 102 under support.
Upcoming events
- Traders Club with gold outlook and KLSE outlook by Nigel Foo, CIMB technical analyst outlook on 25 April also at CIMB auditorium. No charge for graduates
-Gold Conference on Sun 10 May at Armada Hotel PJ from 2 to 5 PM. Fund Manager from Deutsch Bank to give the gold outlook. Cover charge of RM 25
Continue to accumulate quality shares and come to our events to know what shares to buy and what are the risk, profit objective points.
Regards
Bill
Sunday, April 19, 2009
9:42 am - I was on leave on Friday for a relative's funeral.
Good guess I must say ! UEMLand did test above Rm1.00 and closed at rm0.99.
Thursday, April 16, 2009
9:06 am - KLCI gap up above 200 MA.
This is a significant move ! Over 200 MA and close above 924 today is deemed as bullish trend by institution.
Wednesday, April 15, 2009
8:49 am - Let's see how KLCI wud fare today with the 6 mths high in CPO prices.
This wud support the plantation counters.
Tuesday, April 14, 2009
5:28 pm - Chart of the week - BJCorp
PPl said this share can go to Holland ! In long term, I agreed. In the short term, ride it.
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