Dear Traders,
First let me thank all of you who supported our event and talk at the Traders Expo this weekend.
I hope you found something that can benefit you at mine or one of the other speakers presentations.
Most of the speakers are honest in their dealings and motivated to upgrade your trading skills- those in this catagory are Daryl Guppy, Brent Penfold, Don Schellenberg, Bennie of NextView a few others and Phillip Futures/ Phillip Mutual and any of the SC licensed stockbrokers/ futures brokers who participated in the event. If you deal with any licensed brokers in Malaysia you have the protection of our very vigilant enforcement officers of the securities commission. If you deal with gray area brokers no one will protect you- you are on your own.
Let me warn you in dealing with any unlicensed in Malaysia dealers/ brokers or any who solicits deposits from you.
Before handing over any money check with the SC if there any investigations or complaints about them.
Here is a news report from the Singapore Straits Times about a prominent options seminar provider which was forwarded to me from one of our Traders Club members:
March 13, 2009Trading 'Expert' ordered to Refund FeesCourse trainees were upset that option trading instructor's doctorate came from an unaccredited universityA group of 49 people scored a legal victory over a self-styled expert on option trading who turned out to have a dodgy doctorate from an unaccredited American university.A dozen of the course participants said they had paid Mr Clemen Chiang (Freely Business School, Singapore) ) between $3,600 and $4,000 last year for a three-day course on option trading - a complex and risky investing technique which often amounts to betting on share-price trends.Several had also forked out another $960 for training software and a handful paid $1,600 to $12,000 more for online tutorials referred to as 'webinars'.Mr Chiang, a 34-year-old Nanyang Technological University engineering graduate, has been running these seminars for a few years at his Freely Business School in North Bridge Road.He would tell students his own success story of how he made millions, and he drew hundreds of participants.He claimed to have a PhD in option trading, a rarity in the finance industry here.But when it came to light last year that his doctorate was from the unaccredited Preston University in Alabama, the group of 49 wanted their money back.Yesterday, the Small Claims Tribunal found that Mr Chiang had misrepresented his qualifications. It awarded all participants a refund of close to 80 per cent of their fees for the seminar and a full refund for the cost of the software and 'webinars'.
The overwealming consensus among the over 500 who attended my talk on Saturday was bearish. When I asked the KLSE bulls to raise their hands only 3 or 4 put them up. When I asked those who were bearish- almost everyone.
Can the majority be right ? Markets don't work like that. The majority will pay the smart money who is in minority.
It may take a while but support is building in the KLSE from 830 to 850 with a near term target of 900. Stick with only the highest quality dividend shares for now and manage your risks. MAN OM IP Capital Guaranteed fund closes this Friday so give me a call if interested. Attached is an interview of Tim Wong, CEO of AHL check page 3 and 4.
I Am holding a Man Presentation to a few investors who expressed interest on Tuesday 17 March at my office at 2 30 PM so if interested please call or contact me.
Martin is holding a 2 hour futures trading presentation Wednesday evening at CIMB Auditorium at 7 00 PM to 10. If interested give Chong a call at 2095 3991. Should the KLSE consolidate or go down futures is an opportunity. I will speak on opportunities in gold as a hedge against inflation
After talking with famous Guru and CNBC analist Daryl Guppy at the ATIC he explained that China is doing very well and still buying commodities from Australia- he is from Australia but has an office in Bejing where he has business interests.
He likes gold, the Aussie Dollar and told me China has cut back their buying of US Treasury bonds which the US Government uses to fund the dead beats who are borrowed to the hilt and are defaulting on their house loans and credit cards and fund bankrupt banks, busted auto companies, mortgage companies like Fannie May and political chronies of Obama. This will hurt the US Dollar and may trigger massive inflation.
Why should the hard working and prudent, thrifty Chinese be asked to bail out the mistakes of the big spending zero savings Americans with their flatscreen TVs, SUVs, MacMansion houses etc
Your focus should be to protect your capital in these uncertain times especially from socialists like Obama who believe in wealth distribution from rich to the politically connected and the poor.
Bill
Monday, March 16, 2009
Sunday, March 15, 2009
9:49 pm - Watch out for this counter - Minply - Highly manipulative !
You have to have a strong heart to pounce on this one ! Buy if above rm0.33. Put your stop at rm0.28. Get out if you are not in the money by end of Monday Mar 15!Friday, March 13, 2009
4:49 pm - See you at the ATIC March 14,15.
Look for me and Bill at the William Wermine Booth in ATIC 09 at KLCC convention center.
Thursday, March 12, 2009
11:02 am - Too late for stimulus package !
By David Chance and Razak Ahmad
KUALA LUMPUR, March 12 (Reuters) - Malaysia's huge budget
spend may be one of the biggest in the world relative to the size
of the economy but the political woes of the country's incoming
premier may have limited its effectiveness.
Of the 60 billion ringgit ($16.3 billion) figure announced by
Deputy Prime Minister Najib Razak on Tuesday, just 17-18 billion
ringgit is new federal funding and that is spread over two years.
(For a full story click on [ID:nKLR411807])
While that will ease concerns of a massive slew of bond
issues to finance the deficit, it does not guarantee a quick
boost to a country which is the third most dependent in Asia on
exports relative to gross domestic product (GDP).
The budget, which political and economic analysts say is
short on details and transparency, may also do lasting damage to
Najib who is due to take power at the end of March.
"He's got a lot of political issues which have preoccupied
him and there's been an inadequate amount of attention on the
severity of the economic crisis," said Terence Gomez, professor
at the University of Malaya economics and administration faculty.
Malaysian exports plunged 28 percent in January, leaving the
country of 27 million people teetering on the edge of its worst
economic performance since the Asian crisis a decade ago.
While the economy was tanking, critics charge that Najib
spent too much time politicking ahead of March polls in the
United Malays National Organisation (UMNO), the main party in the
National Front coalition that has ruled Malaysia for 51 years.
[ID:nKLR115534]
In February, Najib was busy plotting a putsch to take control
of the northwestern state of Perak from the opposition, a move
that would have seen him emerge as a winner for a government that
is still reeling from big election losses a year ago.
That move misfired when the opposition People's Alliance
dissolved the state assembly and the state is now in limbo.
Recently, more lurid details have emerged in Malaysia's
online media of the killing of a Mongolian model. Najib has
repeatedly denied involvement and there is no direct evidence
linking him to it, but the issue has damaged his credibility.
And on April 7, Najib will face a crucial electoral test with
a parliamentary by-election and three state seat by-elections.
"Publicly, his image has taken a major battering after what
happened in Perak, first of all, and subsequently the further
disclosures on the killing of the Mongolian lady, so he's really
going out on a limb here trying to redeem himself," said Gomez.
MUTED MARKET RESPONSE
Although the spending measures planned by countries in
response to the global economic slowdown are not directly
comparable and cover different time periods, Malaysia's equals
nine percent of GDP, second to China's announced 12 percent.
While government-backed newspapers in Malaysia hailed the
package, with the New Straits Times splashing "Transfusion!"
across its front page, market enthusiasm was limited.
Malaysia's main index <.KLSE> fell 0.6 percent on Wednesday,
compared with a 1.3 percent gain in neighbouring Singapore.
While other governments have put money into the pockets of
the consumer, there was no such cheer in Malaysia.
"As the much hoped-for tax cuts failed to materialise, the
direct relief for the man on the street seems limited," Chris
Eng, head of research at Malaysian investment bank OSK wrote in a
report published on Wednesday.
Bond markets, spared a slew of new issuance, also failed to
rally with yields on the benchmark 10-year issue
stuck near Tuesday's closing levels at 4.2 percent.
"We think the package will probably cushion, but cannot
prevent a recession. The worst case scenario for the fiscal
deficit has been averted for now, but further slippage remains a
risk," Citibank economist Wei Zheng Kit said in a report.
Kit estimates there will be bond issues of 92 billion ringgit
on a gross basis this year to finance the budget deficit which
the government now forecasts will be 7.6 percent of GDP.
Having failed to reassure markets, Najib also faced more
political pressure from the opposition on Wednesday.
"As far as the package is concerned, it is business as usual,
no commitment to reforms or strengthening institutional
governance," opposition leader Anwar Ibrahim, a former finance
minister and deputy prime minister, told a news conference.
($1 = 3.690 Malaysian Ringgit)
(Editing by Sugita Katyal)
((david.chance@thomsonreuters.com; +603 2333 8033; Reuters
messaging david.chance.reuters.com@reuters.net; bureau email
areuters@gmail.com))
Keywords: MALAYSIA BUDGET/
KUALA LUMPUR, March 12 (Reuters) - Malaysia's huge budget
spend may be one of the biggest in the world relative to the size
of the economy but the political woes of the country's incoming
premier may have limited its effectiveness.
Of the 60 billion ringgit ($16.3 billion) figure announced by
Deputy Prime Minister Najib Razak on Tuesday, just 17-18 billion
ringgit is new federal funding and that is spread over two years.
(For a full story click on [ID:nKLR411807])
While that will ease concerns of a massive slew of bond
issues to finance the deficit, it does not guarantee a quick
boost to a country which is the third most dependent in Asia on
exports relative to gross domestic product (GDP).
The budget, which political and economic analysts say is
short on details and transparency, may also do lasting damage to
Najib who is due to take power at the end of March.
"He's got a lot of political issues which have preoccupied
him and there's been an inadequate amount of attention on the
severity of the economic crisis," said Terence Gomez, professor
at the University of Malaya economics and administration faculty.
Malaysian exports plunged 28 percent in January, leaving the
country of 27 million people teetering on the edge of its worst
economic performance since the Asian crisis a decade ago.
While the economy was tanking, critics charge that Najib
spent too much time politicking ahead of March polls in the
United Malays National Organisation (UMNO), the main party in the
National Front coalition that has ruled Malaysia for 51 years.
[ID:nKLR115534]
In February, Najib was busy plotting a putsch to take control
of the northwestern state of Perak from the opposition, a move
that would have seen him emerge as a winner for a government that
is still reeling from big election losses a year ago.
That move misfired when the opposition People's Alliance
dissolved the state assembly and the state is now in limbo.
Recently, more lurid details have emerged in Malaysia's
online media of the killing of a Mongolian model. Najib has
repeatedly denied involvement and there is no direct evidence
linking him to it, but the issue has damaged his credibility.
And on April 7, Najib will face a crucial electoral test with
a parliamentary by-election and three state seat by-elections.
"Publicly, his image has taken a major battering after what
happened in Perak, first of all, and subsequently the further
disclosures on the killing of the Mongolian lady, so he's really
going out on a limb here trying to redeem himself," said Gomez.
MUTED MARKET RESPONSE
Although the spending measures planned by countries in
response to the global economic slowdown are not directly
comparable and cover different time periods, Malaysia's equals
nine percent of GDP, second to China's announced 12 percent.
While government-backed newspapers in Malaysia hailed the
package, with the New Straits Times splashing "Transfusion!"
across its front page, market enthusiasm was limited.
Malaysia's main index <.KLSE> fell 0.6 percent on Wednesday,
compared with a 1.3 percent gain in neighbouring Singapore.
While other governments have put money into the pockets of
the consumer, there was no such cheer in Malaysia.
"As the much hoped-for tax cuts failed to materialise, the
direct relief for the man on the street seems limited," Chris
Eng, head of research at Malaysian investment bank OSK wrote in a
report published on Wednesday.
Bond markets, spared a slew of new issuance, also failed to
rally with yields on the benchmark 10-year issue
stuck near Tuesday's closing levels at 4.2 percent.
"We think the package will probably cushion, but cannot
prevent a recession. The worst case scenario for the fiscal
deficit has been averted for now, but further slippage remains a
risk," Citibank economist Wei Zheng Kit said in a report.
Kit estimates there will be bond issues of 92 billion ringgit
on a gross basis this year to finance the budget deficit which
the government now forecasts will be 7.6 percent of GDP.
Having failed to reassure markets, Najib also faced more
political pressure from the opposition on Wednesday.
"As far as the package is concerned, it is business as usual,
no commitment to reforms or strengthening institutional
governance," opposition leader Anwar Ibrahim, a former finance
minister and deputy prime minister, told a news conference.
($1 = 3.690 Malaysian Ringgit)
(Editing by Sugita Katyal)
((david.chance@thomsonreuters.com; +603 2333 8033; Reuters
messaging david.chance.reuters.com@reuters.net; bureau email
areuters@gmail.com))
Keywords: MALAYSIA BUDGET/
10:37 pm - PBB continues to break lower !
If you have it, you shud have clear it early. Else you better hold and get rid of some.
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