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Monday, December 8, 2008

[TIPS] Investing in Forex

The market setiment around although in a phase of recovering after enormous efforts by major governments to revive the financial markets, still seems rather gloomy and stuttering. Another alternative apart from equities or stocks would be Foreign Exchange.

Typically, Forex is about investing in currencies around the world. The idea is basically as simple as buying low and selling high as currency pairs. One currency against another in terms of price. The most popular and trader pair of currencies in my personal view would be USD-JPY.

Forex is actually a massive market that is worth more than 3 trillion of dollars. The good thing is that having a Forex account is much easier and with less hassle as compared to stock broking account. As Internet as eliminated global inaccessibilities, you can trade Forex even in the comfort of your own home. The thing I like about Forex is that you do not need to pay broking and commission to trade.

Read on for full report.

Monday, September 29, 2008

Asian Markets impressed after Warren Buffett's investment on Goldman Sach

The great Warren Buffett's Berkshire Hathaway pumped 5 Billion of greenback dollars into troubled investment company, Goldman Sach Inc, a listed company in the New York Stock Exchange.

This move was made timely amidst the rescue plan by US Government were looming with uncertainty. Consequently, the Asia Markets and investors were all upbeat after this very prominent investor's moved to lift sentiment of global economy.

The closing of Asian Markets as on 24 September 2008 were mostly in the green. Straits Times Index, the market index for Singapore ended flat while Shanghai Composite Index ended up by 0.7 percent and fellow Hong Kong's Hang Seng Index ended up 89.14 points or 0.47 percent.

The performance by Asian Market is already very commendable after the questions raised pertaining to the US rescue plan. Who says nobody can change the world.

Read on for more.

Wednesday, July 2, 2008

Crude Is Weighing Very Hard On Market

While the market has entered bear trend and is going downwards, this as opposed to many believes, it has presented very good opportunity to buy low.

Not for the weak heart, stock market is for the braves and the risk takers. It may be a situation of catching a falling knives, but I personally opined that Crude has entered a extreme overbought situation which is attributes by the unrealistic speculation on instability of oil nations and many other supply news. This speculation had propelled traders chasing the crude dollar after dollar which landed it at its extremely all time high. While it is still possible that the crude will end up at $200 per barrel in due course based on the inflation rate we are going, the current movement is too aggressive and fast. It only takes a big holder to let go when locking in profit will cause a panic in commodity crude trading movement. This will spike the markets into a short term bull trend, catching all the shortist by surprise.

Just remember that there is no certainly and market or stock do not move in a straight line. Correction and opposition for a balance is normal and reasonably expected. I think it is time for crude to fall and market attention will go to Asia. Specifically, the Greater China during the on coming Olympics. When sports is concern, we think of one stock and that is China Hongxing, a stock which possess great potential based on market trend and target market.

When crude falls, sectors like shipping equities like Yangzijiang, Cosco, Mercartor (especially Ezra), transport chip like Comfortdelgro or even Industrial stocks like Semb Corp, STA, STE and airline stocks like SIA will be greatly pushed to the roof. And the sell signal will come very soon after when everybody starts to buy and boosting how much they earn in major forums. Well, that is a typical sight and belief by myself.

Not an inducement to trade, everything written as above are of only personal opinion.


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Thursday, May 1, 2008

End of April Market, Start Of May

Straits Time3344.53+3344.53(+0.00%)
SENSEX 17287.31-91.15(-0.52%)
UOB Sesdaq 206.88+206.88(+0.00%)
KLSE Comp 1279.86-3.79(-0.30%)
Nikkei 225 13756.85-93.14(-0.67%)
Hang Seng 25755.35-158.80(-0.61%)
Dow Jones 12820.13-11.81(-0.09%)
KOSPI 1825.47+13.96(+0.77%)
SSEC 3693.11+169.70(+4.82%)

It is holiday here in Singapore as the lion city took a breather from the volatility. Hang Seng Index and Shanghai will definitely turned bull trend and decoupled from any movement from Dow Jones. The reason is so obvious that I do not want to mention it. Well, yes, it is Olympic 2008 in Beijing. So things that directly deal in sports like China Hongxing Sports will definitely flourished. On the back of Olmypics and the vast market of China.

Resource and commodities are in the extreme high. Chinaenergy is worth a look as the current price and RSI, MACD indicators presents a buying opportunity. It is oversold. Take note of that.

Yangzijiang seems to have passed the $1 psychological level but $1.12 seems to be a very stubborn resistance level. Well, it will be broken tomorrow, Friday. All S-Stock will rally together with most market. The after effect of rate cut and I believed they will be a clarification of future rate plans with economy data release by the Fed tonight.

May is coming, you know what they say, "Sell in May and go away". There is no Capricorn this year, so I do think conventional periodic trend works anymore.

All above mentioned are personal opinion and not an inducement to trade.

Wednesday, April 9, 2008

[EXTRACT] By CHEW XIANG - JADE TECH

Top Print Edition Stories
Published April 9, 2008

Jade's designated status lifted, but questions remain

Hedge funds have also been taking up positions in the company's shares

By CHEW XIANG


(SINGAPORE) Trading in Jade Technologies will return to normal today, but market watchers say the convoluted takeover saga has thrown up many questions that need answers.

Dr Soh: His method of raising funds for a takeover is not common in Singapore, according to a brokerage director

The Singapore Exchange (SGX) yesterday lifted Jade's designated status, saying that trading in the stock has been orderly since the share was designated on Sunday. The designation meant short-selling of the counter was banned. This restriction is removed from today.

Jade shares closed at 6 cents yesterday, down 0.5 cent on volume of 72.7 million shares. This was less than half the 166 million shares that changed hands on Monday.

Jade's group president Anthony Soh had last Saturday withdrawn his offer for the company after admitting that his holdings were lower than stated, meaning he could no longer guarantee he had enough funds to continue with the bid.

He had pledged about 30.5 per cent of Jade to an Australian broker as security for margin loans but under the terms of the agreement, ownership of that block had actually passed to the broker, Opes. Opes collapsed two weeks ago and Dr Soh claims he was 'under the impression' he retained beneficial interest in the shares and only realised to the contrary on April 1, when Opes's receivers sent clients a circular.

While trading in Jade shares may have settled down, market watchers say outstanding issues remain.

The circumstances of Dr Soh's takeover offer of Jade are now under investigation by the Securities Industry Council (SIC) but many say the fact that OCBC Bank abruptly quit as financial adviser to the offeror on April 1 was very unusual.

A director at an investment bank said he could not remember the last time a financial adviser had quit while a takeover offer was underway.

When approached, OCBC Bank declined to comment.

The director of the investment bank also said Dr Soh's deal with Opes was almost never seen in Singapore as it amounted to a sell-and-repurchase agreement and 'nobody would do this, because you're effectively selling down, and the market will be nervous'. This is because those with a significant stake in a company have to disclose changes in their holdings to SGX.

He said Opes could be contravening Singapore law if it had taken ownership of a significant block of shares but failed to inform the exchange.

A lawyer noted that while Dr Soh's offer document stated he was responsible for its accuracy, a financial adviser does have to check if the offeror has enough funding. This includes making sure of the offeror's stated holdings, she said.

A director at a brokerage said that Dr Soh's method of raising funds was not common in Singapore. He said his brokerage would not provide loans similar to that provided by Opes. Dr Soh told BT in an interview on Sunday that Opes had extended 60 per cent credit on the value of the shares.

The director said: 'It depends, but usually 5 per cent is more normal. Sixty per cent is very unusual.'

It emerged yesterday that hedge funds have been taking up positions in Jade. Omni Partners LLP, a London-based fund manager, yesterday said it now has a deemed interest in 6.2 per cent of Jade shares through three funds it manages. The funds had bought 49 million Jade shares on March 31, a few days after Opes went into receivership.

Australian investigators are now probing Opes's collapse. According to media reports yesterday, British Virgin Islands holding company Riqueza, headed by a Singapore-based director, made margin calls that led to Opes's fall.

According to the Australian newspaper The Age, Melbourne underworld figure Mick Gatto is reportedly in Singapore to help Opes clients recoup their losses.

Thursday, April 3, 2008

Road To Recovery?

Straits Time3344.53+3344.53(+1.50%)
SENSEX 15832.55+82.15(+0.52%)
UOB Sesdaq 206.88+206.88(+0.00%)
KLSE Comp 1225.58-14.07(-1.13%)
Nikkei 225 13389.90+200.54(+1.52%)
Hang Seng 24264.63+392.20(+1.64%)
Dow Jones 12557.31-48.52(-0.38%)
KOSPI 1763.63+21.44(+1.23%)
SSEC 3446.24+98.36(+2.94%)

Well, as you can see, a V rather than a U is realising as the chart take its shape. Well, for China Hongxing, I would be inclined to believed that it will actually jumped straight from tomorrow's trading session because attributed by China's Bejing 2008, Olympic. Well, China Hongxing is one stock that has the potential to be a monopoly in such a big market like China. If you would agree with me. Yangzijiang will recover somewhat based on what will be the result of DJ tonight, it should end flat as bargain buying meets skeptical profit taking due to the job claim data.

As for sector funds side, Thailand and India is extremely attractive in their current price. Emerging, although India is believed to be slowing down by many major analyst, my feeling is that we should see a great incline in Q2 to Q3. Europe after being sell down to a very low level is current oversold. Buying opportunity present itself very appealing as this giant is waiting wake up the rest of the world, led mainly and essentially by banks.

The above mentioned is based on personal opinion and is not at all, an inducement to trade.

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Tuesday, April 1, 2008

It Is Time For Customised Shopping Cart Solution



Doing business on the Internet is not as easy as before, I am sure many are fully aware of this current trend for ecommerce. As technology advances with a little bit of creativity, businesses are founded. We have witness many of such businesses that took off just like that. But if you were to look closer at these successful sites, most of them carries traits and attributes like high interactivity, human interface friendly design, fully customized shopping carts that cater to customers' needs, transaction friendly payment system and so on.

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Saturday, March 22, 2008

A Recession Or Not?

Straits Time2824.91-8.30(-0.29%)
SENSEX 14994.83+161.37(+1.09%)
UOB Sesdaq 206.88-1.65(-0.79%)
KLSE Comp 0.00+0.00(+0.00%)
Nikkei 225 12482.57+222.13(+1.81%)
Hang Seng 21108.22-758.72(-3.47%)
Dow Jones 12361.32+261.66(+2.16%)
KOSPI 1645.69+22.30(+1.37%)
SSEC 3796.58-7.48(-0.20%)

I believed that we are now reaching the bottoming level of recession in my personal opinion. Because as you can see Wall Street had been getting over gains while the Asian Markets had over reacted and suffered intense loss during the past weeks.

If my sense is right, I believe there will be a sharp up trending which forms a 'V' before going sideways awaiting for market data for more directions. Overall, Asian market is vastly and greatly oversold and especially, China which consist of SSEC and HSI. For a safer diversification, you may want to look at Unit Trust or Funds.

Next week ahead, look out for China Hongxing Sports as Olympic 2008 in Beijing drawing near.

In the respect of funds, Thailand is the most attractive and will believe to emerge.

Pending the result of the rate which will followed by a increase and then a fall before trending upwards in April till May.

Not an inducement to buy. All contents as above are based on personal opinion.

Saturday, March 15, 2008

(EXTRACT) Yahoo News - Stocks retreat on credit fears

NEW YORK - Wall Street plunged anew Friday after a near meltdown at Bear Stearns Cos. handed investors the unwelcome confirmation that the credit market's troubles are far from over. Word that the investment bank needed rescuing touched off a wave of selling that left each of the major indexes down more than 1.5 percent on the day; the Dow Jones industrial average fell nearly 200 points.
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The plan by the New York Federal Reserve and JPMorgan Chase & Co. offers Bear Stearns relief from a sudden liquidity crunch that analysts surmised could have felled the investment bank. But the company's position on the precipice of financial disaster left many investors shaken and spoiled some hopes that troubles in the moribund credit market are on the mend.

Stocks showed moderate increases in the early going after a Labor Department report showed the Consumer Price Index remained flat for February. Wall Street has been expecting inflation would show an increase. But the gains quickly disappeared after investors learned about the severity of troubles at Bear Stearns.

"This is another chapter in a book rather than a one-act play," said Phil Orlando, chief equity market strategist at Federated Investors. He said the market is worried that further trouble in the credit markets will emerge and that the ramifications of the credit strains and a slowing economy could result in recession.

"Investors thought they are probably more the norm than the exception and maybe this is the tip of the iceberg," he said, referring to Bear Stearns. "Our sense is that this is sort of an amoeba here and this is sort of a broadly spreading situation."

The Dow fell 194.65, or 1.60 percent, to 11,951.09. The Dow had been down as much as 313 points.

Broader stock indicators also declined but pulled off their lows. The Standard & Poor's 500 index fell 27.34, or 2.08 percent, to 1,288.14, and the Nasdaq composite index fell 51.12, or 2.26 percent, to 2,212.49.

For the week, the major indexes were mixed, with the Dow showing a modest gain, the Standard & Poor's 500 index slipping and the Nasdaq composite index finishing exactly where it began.

The Russell 2000 index of smaller companies fell 16.81, or 2.47 percent, to 662.90.

Bond prices jumped as stocks retreated. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.44 percent in late trading from 3.53 percent late Thursday.

Comments from the Fed might have helped corral some of investors' nervousness Friday. The central bank said it voted unanimously to sign off on the arrangement between JPMorgan and Bear Stearns and that it is ready to provide resources to stave off further credit troubles. Fed Chairman Ben Bernanke also said Friday he would do what was possible to aid struggling homeowners.

Still, investors remained nervous. The Chicago Board Options Exchange's volatility index, known as the VIX, and often referred to as the "fear index," jumped 14.2 percent.

Declining issues outnumbered advancers by about 5 to 1 on the New York Stock Exchange, where consolidated volume came to 5.18 billion shares compared with 4.94 billion shares traded Thursday.

"The Bear Stearns news reversed the early positive sentiment from the inflation data," said Peter Cardillo, chief market economist at Avalon Partners. "There had been nervousness about Bear Stearns for some time and now the market's concerns about the company have been proven true."

Friday's pullback comes a day after an anxious stock market rebounded from an early plunge following a Standard & Poor's prediction that financial companies are nearing the end of the massive asset write-downs that have pummeled the stock and credit markets for months. The S&P projection had given investors some hope that the seemingly unrelenting losses from the mortgage and credit crisis could have been bottoming out.

Bear Stearns' woes rekindled investors' nervousness about the troubles in the financial sector. The company's shares skidded $27, or 47 percent, to $30, while JPMorgan fell $1.57, or 4.1 percent, to $36.54.

Other financial names declined as well. Lehman Brothers Holdings Inc. fell $6.73, or 15 percent, to $39.26 and Merrill Lynch & Co. slid $2.75, or 5.9 percent, to $43.51.

Stock market investors Friday were also eyeing the dwindling dollar and events in the soaring commodities market. Gold prices touched another fresh record Friday.

Light, sweet crude, which set a fresh record Thursday, fell 12 cents to $110.21 per barrel on the New York Mercantile Exchange. Oil came close to its record of $111 set Thursday.

The market's fall Friday caps a big week for the markets. On Monday, stocks continued a sell-off from last week, falling more than 1 percent as oil again moved into record territory. Then, on Tuesday, stocks surged after the Fed said it would put up $200 billion to loosen tight credit markets. The Dow surged nearly 417 points, its biggest one-day percentage gain in five years. Stocks posted more modest losses and gains Wednesday and Thursday as investors speculated over how much help the Fed's plan would ultimately provide.

On top of Friday's concerns, Wall Street remains anxious for Tuesday's Fed meeting at which the central bank is still expected to lower interest rates. While Wall Street would welcome cheaper access to cash to help consumers and businesses, the freer flow of money would likely fan inflation concerns and could further weaken the dollar.

Overseas, Japan's Nikkei stock average finished down 1.54 percent. Britain's FTSE 100 closed down 1.07 percent, Germany's DAX index fell 0.75 percent, and France's CAC-40 lost 0.82 percent.

The Dow Jones industrial average ended the week up 57.40, 0.48 percent, at 11,951.09. The Standard & Poor's 500 index finished down 5.23, or 0.40 percent, at 1,288.14. The Nasdaq composite index ended the week unchanged at 2,212.49.

The Russell 2000 index finished the week up 2.79, or 0.42 percent, at 662.90.

The Dow Jones Wilshire 5000 Composite Index — a free-float weighted index that measures 5,000 U.S. based companies — ended Friday at 12,992.93, down 59.24 points, or 0.45 percent, for the week. A year ago, the index was at 14,046.10.

Friday, March 14, 2008

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Monday, January 21, 2008

[REVIEW] Payment For Businesses

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Friday, January 18, 2008