Thursday, June 25, 2009
Wednesday, June 24, 2009
Tuesday, June 23, 2009
4:22 pm - UEM Land is recovering today !
UEM Land is making a recovering. the Low shud be the bottom. If this break, we wud see lower low UEM Land and KLCI !
Monday, June 22, 2009
10:15 am - Market Outlook by Bill Wermine
Dear Traders,
Today we held our Traders Club meeting in Penang at the Evergreen Laural Hotel with a reasonable response and an insightful market outlook from Mr Pong of Jupiter Securities.
His outlook was mildly bullish and he forecasts an L shaped recovery in months ahead. The US banking problems are being worked out. Sentiment is gradually improving. Weekly US unemployent numbers are dropping. The KLSE stockmarket climb will be slow with many bumps and will correlate with the Dow Jones recovery. He is not in the camp of the doomsters that the March lows will be tested
He recommended just as I and Martin to deal in high quality dividend shares and manage risks.
Of the 17 graduates who attended our club meeting today only one is taking advantage of the 0.05 % commission rates that Jupiter charges. Some are paying 0.6 % which is 12 times higher than the Jupiter commission and some 0 .42 with some on line brokers. Wake up and get real. Call Julian at 03 2034 1888 to open a Jupiter on line account and start adding to your bottom line
Trading is a business and to succeed we need to manage our costs. We must pay wholesale(tiger) rates not retail (sheep) rates.
With Jupiter if you trade size you only need 1 tic to make a profit.
Despite the doom and gloom, Penang locals, like Singaporeans are resilient. The have high savings rates, are very thrifty, are motivated to gain trading knowledge and based on those who came to our presentation today are optimistic for a brighter future down the road.
For those who wish to actively manage and diversify their assets, Man has launched a new AHL capital guarantee fund which will close on 3 July. It is in AUD which is in a recovery mode so you have the potential to make money on the currency as well as fund performance.
Performance on AHL was mildly positive in May after 3 months of losses however the AUD has made a dramatic recovery versus the RM so we gained overall. Attached is the fact sheet and give me or Martin a call if you wish to invest.
Have a profitable week
Bill
Today we held our Traders Club meeting in Penang at the Evergreen Laural Hotel with a reasonable response and an insightful market outlook from Mr Pong of Jupiter Securities.
His outlook was mildly bullish and he forecasts an L shaped recovery in months ahead. The US banking problems are being worked out. Sentiment is gradually improving. Weekly US unemployent numbers are dropping. The KLSE stockmarket climb will be slow with many bumps and will correlate with the Dow Jones recovery. He is not in the camp of the doomsters that the March lows will be tested
He recommended just as I and Martin to deal in high quality dividend shares and manage risks.
Of the 17 graduates who attended our club meeting today only one is taking advantage of the 0.05 % commission rates that Jupiter charges. Some are paying 0.6 % which is 12 times higher than the Jupiter commission and some 0 .42 with some on line brokers. Wake up and get real. Call Julian at 03 2034 1888 to open a Jupiter on line account and start adding to your bottom line
Trading is a business and to succeed we need to manage our costs. We must pay wholesale(tiger) rates not retail (sheep) rates.
With Jupiter if you trade size you only need 1 tic to make a profit.
Despite the doom and gloom, Penang locals, like Singaporeans are resilient. The have high savings rates, are very thrifty, are motivated to gain trading knowledge and based on those who came to our presentation today are optimistic for a brighter future down the road.
For those who wish to actively manage and diversify their assets, Man has launched a new AHL capital guarantee fund which will close on 3 July. It is in AUD which is in a recovery mode so you have the potential to make money on the currency as well as fund performance.
Performance on AHL was mildly positive in May after 3 months of losses however the AUD has made a dramatic recovery versus the RM so we gained overall. Attached is the fact sheet and give me or Martin a call if you wish to invest.
Have a profitable week
Bill
9:23 am - Chart of the Week - Aeon
Here is a weekly chart of Aeon. Look to buy if it take out high rm 3.16 or higher. Put your stop at rm2.85.
Friday, June 19, 2009
12:21 pm - I am off to PG today for a Swing Traders Club in Evergreen Laurel Hotel - Sat 19 June 2009.
If you live up in the Northern regional, I love to see you all in PG !
No posting for the time being.
http://klse2118.blogspot.com/2009/06/1119-am-traders-club-in-penang-this.html
No posting for the time being.
http://klse2118.blogspot.com/2009/06/1119-am-traders-club-in-penang-this.html
12:14 noon - Watch out for the breakdown trend line for Genting !
This also goes for the KLCI market in general !
Thursday, June 18, 2009
Wednesday, June 17, 2009
11:22 am - Poh Kong at a weekly basis !
Poh Kong is likely to congest for a while ! If gold go up, Poh Kong goes up little. If gold comes down, Poh Kong is likely to come down fast !
This counter is a trading counter. Do not buy and hold like Gold !
If you attended my gold seminar held recently, you would know exactly what to do ?
11:19 am - Traders Club in Penang, this Saturday 20 June 09.
Dear Traders,
We will be holding our Traders Club in the Evergreen Laural Hotel, Penang from 10 AM to 1 PM on Saturday 20 June.
Martin will speak on timing the gold market. Mr Pong of Jupiter Securities will share his market outlook and also share opportunities by on line trading with Jupiter, the cheapest brokerage commission in Malaysia- only RM 8 or 0.1.
We welcome any questions you might have on shares or the market.
Regards
Bill
We will be holding our Traders Club in the Evergreen Laural Hotel, Penang from 10 AM to 1 PM on Saturday 20 June.
Martin will speak on timing the gold market. Mr Pong of Jupiter Securities will share his market outlook and also share opportunities by on line trading with Jupiter, the cheapest brokerage commission in Malaysia- only RM 8 or 0.1.
We welcome any questions you might have on shares or the market.
Regards
Bill
Tuesday, June 16, 2009
2:15 pm - Panasonic continued to trade higher !
A good dividend stocks to hold when the market collapsed !
Monday, June 15, 2009
Saturday, June 13, 2009
9:55 pm - Market Outlook by Bill Wermine
Dear Traders,
Our next Traders Club meeting will be on Saturday 20 June in Penang at the Evergreen Laural Hotel from 10 to 1 PM.
Mr Pong, Head of Research for Jupiter Securities will present his market outlook for the KLSE and commodities , Martin will present his gold timing system for futures, physical gold and Am Precious metals fund.
I will play a video clip on bull riding, the most dangerous sport on the planet- (no rules, no steroids, no referee, and sometimes the result is death or crippling injuries to the rider) and we will have a group discussion as to how trading compares to bull riding.
If you have any questions or concerns about the markets, trading: please bring them to the meeting
When I started in this business in the 1970s, GM was the lead indicator for the stock market. GM' s direction was the direction for the economy and stock market. GM was the biggest and most influential company in America employing 10s of thousands of workers. Now GM is bankrupt and nationalized by the government.
It is a tragedy that bureaucrats will now keep GM on life support with taxpayer assistance and more bailout money.
Why can they not cut their losses and move on ?
GM is yesterday's story as manufacturing in America is now in decline.
Today's story is Goldman Sachs. Goldman Sachs is the King of Wall St. Goldman Sachs controls the levers of finance for the US and much of the developed world with tenticals reaching into the Federal Reserve and US Treasury. They have unlimited resources and political power. Even Obama will not challenge them.
As Goldman goes so goes Wall St and the rest of the world markets including the KLSE.
Goldman is channeling high-powered money into crude oil, commodities and stocks in concert with the Federal Reserve who is monitizing US debt. Other central banks in the world including the UK, Japan, Switzerland, the Euro Zone are all engaged in a money printing orgy as traders bid up the price of copper, gold, silver and any commodity that can not be printed by a central bank.
For now I like RSX, the Russia ETF which has many resource companies, DBB , the base metal ETF and SLX, the steel ETF fund.
Also for the local market be very vigilant with your positions and continue to focus on quality dividend issues. AND I MEAN QUALITY ! Make sure you define your risk and profit objectives with these.
Attached is an article I wrote for Malaysian Business about commodities last month. It still applies.
Have a profitable week
Bill
Our next Traders Club meeting will be on Saturday 20 June in Penang at the Evergreen Laural Hotel from 10 to 1 PM.
Mr Pong, Head of Research for Jupiter Securities will present his market outlook for the KLSE and commodities , Martin will present his gold timing system for futures, physical gold and Am Precious metals fund.
I will play a video clip on bull riding, the most dangerous sport on the planet- (no rules, no steroids, no referee, and sometimes the result is death or crippling injuries to the rider) and we will have a group discussion as to how trading compares to bull riding.
If you have any questions or concerns about the markets, trading: please bring them to the meeting
When I started in this business in the 1970s, GM was the lead indicator for the stock market. GM' s direction was the direction for the economy and stock market. GM was the biggest and most influential company in America employing 10s of thousands of workers. Now GM is bankrupt and nationalized by the government.
It is a tragedy that bureaucrats will now keep GM on life support with taxpayer assistance and more bailout money.
Why can they not cut their losses and move on ?
GM is yesterday's story as manufacturing in America is now in decline.
Today's story is Goldman Sachs. Goldman Sachs is the King of Wall St. Goldman Sachs controls the levers of finance for the US and much of the developed world with tenticals reaching into the Federal Reserve and US Treasury. They have unlimited resources and political power. Even Obama will not challenge them.
As Goldman goes so goes Wall St and the rest of the world markets including the KLSE.
Goldman is channeling high-powered money into crude oil, commodities and stocks in concert with the Federal Reserve who is monitizing US debt. Other central banks in the world including the UK, Japan, Switzerland, the Euro Zone are all engaged in a money printing orgy as traders bid up the price of copper, gold, silver and any commodity that can not be printed by a central bank.
For now I like RSX, the Russia ETF which has many resource companies, DBB , the base metal ETF and SLX, the steel ETF fund.
Also for the local market be very vigilant with your positions and continue to focus on quality dividend issues. AND I MEAN QUALITY ! Make sure you define your risk and profit objectives with these.
Attached is an article I wrote for Malaysian Business about commodities last month. It still applies.
Have a profitable week
Bill
9:52 pm - Martin's Chart of the Week - Malaysian Resources (MRCB)
Buy if it take out the high @ rm1.50. Put your stop at 1.30.Friday, June 12, 2009
Thursday, June 11, 2009
10:44 am - Chart of the Week Petra back to 26 April 2009. Time to take some profit !
OR trail your stop to RM2.80.
10:39 am - Chart of the Week - SP Setia back to May 1, 2009. Time to take some profit !
OR trail your stop to Rm4.10
Wednesday, June 10, 2009
Tuesday, June 9, 2009
1:48 pm - KLCI looking toppish today but the selling volume is low !
There are few sellers out today !
Monday, June 8, 2009
11:59 am - Pelikan has broken thru rm1.30 with some vol !
Watch Pelikan as it closed today ! if it closed above rm1.30, it warrants a buy if it can take higher. Put your stop at rm1.20
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