You have missed the Rm1.80 train ride.Monday, April 6, 2009
9:45 am - Market Outlook by Bill Wermine
Dear Traders,
I need your assistance. Due to unforseen circumstances we have rescheduled our gold conference to Sunday 10 May at the Armada Hotel from 2 to 6 PM. We need someone involved in the physical trade of gold such as a gold shop owner/ dealer to give a short presentation on the local supply and demand situation.
If you know of someone who is willing please let me know. Or if any of you have any valuable information on gold and are willing to share please let me know. This would be for the 10 May event as well as our Traders Club.
We will also hold our traders club on 25 th April Saturday from 10 AM
to 12 30 at CIMB auditorium and gold will be on the agenda.
I would like to congratulate all of you who bought Man Fund investments over the last 1 1/2 years. In the last quarter the AUD has made a recovery and is on course for furthur gains. The AUD formed a W bottom, a powerful pattern which is confirmed by price and volume. Initial target is another 15 % upside. You will get this as well as the opportunity for gains in the Man fund.
Only two investors out of 105 closed their accounts because of fear that the world economy would collapse. The rest of you held through the adversity maintaining your objectivity inspite of bank collapses, Bernie Madoff scandle, flight to the safety of US Dollar,
and the constant pessimism, doom and gloom trumpted on CNN, Bloomberg, CNBC and the popular press.
Because of the negative publicity and the focus on many hedge funds that cheated their investors and collapsed I received many calls from worried clients. The main question was - is Man a Ponzi scheme ?
I made a personal trip to Singapore to meet with the Man executives to get to the bottom of these issues.
I also have my own money with Man which is my wife's legacy. She is younger than me so I assume I will go before her so I want her money in good hands so I can rest in peace
On return I relayed to all of you that your funds are safe and earning a reasonable return.
Being a fund of funds with over 115 fund managers operating all over the world it would be impossible for them to run a fraud.
Also, Being listed on the FTSE, Man is under scruteny by London regulators- their books are open unlike 98 % of hedge funds who operate in secrecy and many are a one man show.
Attached is a PDF document of an interview of of Tim Wong who is the CEO of Man AHL fund . As traders you will appreciate why his fund was # 20 out of over 9000 in 2008 in terms of performance. His strategies are the keys to being a profitable trader.
Change in outlook.
I am short term bullish for world equities.
The Plunge Protection team(US Federal Reserve, Treasury) has unleashed its most powerful weapon killing the FASB # 157 engaging in nuclear quantatative easing, devaluing the US Dollar, and arranging a Ponzi scheme to allow banks to offload 1 trillion of toxic assets to taxpayers- with the goal of arresting the slide of the Dow Jones Industrials and attmpting to lift the Dow to the target of 9000- a top priority. A sustained breakout above 8000 would signal the end of the bear market- an extended sideways trading range or a bull market recovery.
Crude oil, gold, base metals will be boosted as well as CPO and are poised to move higher in weeks ahead.
The KLSE should also benefit. The new prime minister in my opinion will be a better manager than the last one and that should benefit stocks.
Of course we must manage our risks no matter what is our opinion.
Have a good week
Bill
I need your assistance. Due to unforseen circumstances we have rescheduled our gold conference to Sunday 10 May at the Armada Hotel from 2 to 6 PM. We need someone involved in the physical trade of gold such as a gold shop owner/ dealer to give a short presentation on the local supply and demand situation.
If you know of someone who is willing please let me know. Or if any of you have any valuable information on gold and are willing to share please let me know. This would be for the 10 May event as well as our Traders Club.
We will also hold our traders club on 25 th April Saturday from 10 AM
to 12 30 at CIMB auditorium and gold will be on the agenda.
I would like to congratulate all of you who bought Man Fund investments over the last 1 1/2 years. In the last quarter the AUD has made a recovery and is on course for furthur gains. The AUD formed a W bottom, a powerful pattern which is confirmed by price and volume. Initial target is another 15 % upside. You will get this as well as the opportunity for gains in the Man fund.
Only two investors out of 105 closed their accounts because of fear that the world economy would collapse. The rest of you held through the adversity maintaining your objectivity inspite of bank collapses, Bernie Madoff scandle, flight to the safety of US Dollar,
and the constant pessimism, doom and gloom trumpted on CNN, Bloomberg, CNBC and the popular press.
Because of the negative publicity and the focus on many hedge funds that cheated their investors and collapsed I received many calls from worried clients. The main question was - is Man a Ponzi scheme ?
I made a personal trip to Singapore to meet with the Man executives to get to the bottom of these issues.
I also have my own money with Man which is my wife's legacy. She is younger than me so I assume I will go before her so I want her money in good hands so I can rest in peace
On return I relayed to all of you that your funds are safe and earning a reasonable return.
Being a fund of funds with over 115 fund managers operating all over the world it would be impossible for them to run a fraud.
Also, Being listed on the FTSE, Man is under scruteny by London regulators- their books are open unlike 98 % of hedge funds who operate in secrecy and many are a one man show.
Attached is a PDF document of an interview of of Tim Wong who is the CEO of Man AHL fund . As traders you will appreciate why his fund was # 20 out of over 9000 in 2008 in terms of performance. His strategies are the keys to being a profitable trader.
Change in outlook.
I am short term bullish for world equities.
The Plunge Protection team(US Federal Reserve, Treasury) has unleashed its most powerful weapon killing the FASB # 157 engaging in nuclear quantatative easing, devaluing the US Dollar, and arranging a Ponzi scheme to allow banks to offload 1 trillion of toxic assets to taxpayers- with the goal of arresting the slide of the Dow Jones Industrials and attmpting to lift the Dow to the target of 9000- a top priority. A sustained breakout above 8000 would signal the end of the bear market- an extended sideways trading range or a bull market recovery.
Crude oil, gold, base metals will be boosted as well as CPO and are poised to move higher in weeks ahead.
The KLSE should also benefit. The new prime minister in my opinion will be a better manager than the last one and that should benefit stocks.
Of course we must manage our risks no matter what is our opinion.
Have a good week
Bill
9:39 am - Online Trading
Dear Foundation graduates,
We are holding a real time share, Tuesday 7 April, on line trading session at Jupiter Securities, 9th Floor of the Olympia Building- (Next to Telecom Museum on Jalan Raja Chulan). We will use the MetaStock TAVA filter to find some trading opportunities and then execute some trades
Time is 11 AM to 12 30. and lunch will be provided.
Please let me know if you will attend as seats are limited.
Some of you who did not attend Martin's futures session did not pick up the books you paid for. I will bring them to the session.
Jupiter on line is the cheapest brokerage in Malaysia.
Regards
Bill
We are holding a real time share, Tuesday 7 April, on line trading session at Jupiter Securities, 9th Floor of the Olympia Building- (Next to Telecom Museum on Jalan Raja Chulan). We will use the MetaStock TAVA filter to find some trading opportunities and then execute some trades
Time is 11 AM to 12 30. and lunch will be provided.
Please let me know if you will attend as seats are limited.
Some of you who did not attend Martin's futures session did not pick up the books you paid for. I will bring them to the session.
Jupiter on line is the cheapest brokerage in Malaysia.
Regards
Bill
9:13 am - KLCI is breaking higher today !
HSI is closed for Cheng Beng and it wud take this opportunity to run up !
Subscribe to:
Posts (Atom)
Posts
