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.
Subscribe to:
Posts (Atom)
Posts
