Saturday, August 23, 2014

"Dear IT Support" from a wife ...

Best thing going viral on FB now: 




Dear IT Support,

Last year I upgraded from Boyfriend 5.0 to Husband 1.0 and noticed a slow down in the overall performance, particularly in the flower, gifts and jewellery applications that had operated flawlessly under Boyfriend 5.0.

In addition, Husband 1.0 un-installed many other valuable programs, such as Romance 9.5 and Personal Attention 6.5, but installed undesirable programs such as Formula One 5.0, NBA 3.0 and World Cup 2.0.

And now Conversation 8.0 no longer runs and House Cleaning 2.6 simply crashes the system.

I've tried running Nagging 5.3 to fix these problems, but to no avail.


What can I do?

Signed,
Desperate Housewife


 
 
Reply:

Dear Desperate Housewife,

First keep in mind: Boyfriend 5.0 is an entertainment package, while Husband 1.0 is an operating system.

Try entering the command C:\ I THOUGHT YOU LOVED ME and download Tears 6.2 to install Guilt 3.0 

If all works as designed, Husband 1.0 should then automatically run the applications Jewellery 2.0 and Flowers 3.5.


But remember, overuse can cause Husband 1.0 to default to Grumpy Silence 2.5, Happy Hour 7.0 or Late Night Teh Tarik 6.1.

Late Night 6.1 is a very bad program that will create SnoringLoudly. wav files.

Whatever you do, DO NOT install Mother-in-Law 1.0 or reinstall another Boyfriend program. These are not supported applications and will crash Husband 1.0.

In summary, Husband 1.0 is a great program, but it does have a limited memory and cannot learn new applications quickly.

You might consider additional software to improve memory and performance. I personally recommend Hot Tasty Food 3.0 and Tongkat Ali 6.9.

Good Luck,
IT Support

Friday, August 22, 2014

Bursa Should Regulate This Immediately

The sell down in Sumatec, PDZ and a few small caps with huge volumes caused significant losses and uncertainty to investors and traders. As I have said before, brokers should be allowed to regulate themselves and protect themselves, i.e. manage their own risks.

However, I do not think there are rules currently to stop/regulate the measures to limit margin financing for certain stocks. If a market is hot and heady, like the market was over the last week, ANY brokers would have in their arsenal the CAPACITY and ABILITY to derail sentiment. Even among the brokers, whichever broker that makes the first move will come out smelling like roses, while the rest of the brokers will be left holding the "bag".

I believe that can be misused, or may even be construed as front running if you know the move before hand or is part of management decision to implement the decision. You and I know that any such move during a heated market will send the markets into a tailspin. As much as the losses were, if you knew beforehand, you can save a lot of money or even make money shorting on the way down (prop traders).

May I suggest the following:

a) any move to reduce the marginable amount of a certain stock, or the removal of certain stocks from a brokers' approved list for margin MUST be made public at least 5 working days before actual implementation. Even that is not a solid proposal as the act itself will be sufficient to derail the markets.

b) maybe a better way is for a broker to have issued a warning that they are considering reducing the margin for certain stocks or remove certain stocks, a grace period of 5 business days will have to be in effect before actual announcement of such moves

A warnings would send the right message, but be more orderly. The grace period would be akin to UMA, but it gives investors time to reallocate their positions. The grace period notification should be sufficient to quell speculation from going heady. IF speculation continues to be drastic following the grace period, then its nobody's fault when the broker implements the reduction in margin 5 days after that, or completely takes it off their approved margin list.

The current system is too open for chaos and unfair advantage to whoever calls the first shot. Its also to save the brokers from fighting one another as to who gets to make the RED CARD umpire call first, thus relegating the rest into chaos of picking up the pieces.

Wednesday, August 20, 2014

So How

I guess everybody would have been scrambling to sell or try to get the news on what actually happened to the market. Stop, think ... do you really NEED a reason? The market in second and third liners were so strong, we don't know where to look for reasons to sell. No reason seem to be good enough to stop the moving train, but seriously, it needed to take a breather.

So, the purported reasons were:

a) that a broking house starting with K may have issued a cut in marginable amount of a few stocks, from the usual 100% of market value to 50%; funnily the new rules were supposed to have be effective on this coming Monday; there will be plenty of people wanting to throw eggs and send coffins to this broker but they were just really protecting themselves; if they did not do it, somebody will sooner or later; look at the rise and rise and the volume of PDZ and Sumatec, everyone, including those who bought the very last round, knew it could not last, they all just hoped they weren't going to be the last one holding the baby ...

b) that Halim Saad was dying... when in actual fact, from reliable sources, that he was actually in hospital... BRIEFLY to give some blood samples for his annual check up ...

Can you believe the markets would go and wipe off a few billion ringgit based on these two things? I mean the first was believable and may well be reason enough to sell but the second reason was preposterous.

Seriously:

1) the market needed a reason to correct, it just so happened that the newsflow allowed them to do that

2) it does not look like the bull has ended, in fact, the ripple effect has been relatively limited, in my view

3)   my view is that we will regain some of the lost momentum but it would not immediately go back to the frothy frenzy days of the past week or so, it needs to rebuild the momentum, trust and belief

S&M Show Podcast

Investors' Protection or Market Intervention (Circuit Breakers & Market Integrity)


http://www.bfm.my/sm-salvatore-dali-malaysiafinance-investor-protection-or-market-intervention-20140820.html

http://www.bfm.my/sm-salvatore-dali-malaysiafinance-circuit-breakers-market-integrity-20140820.html


Song Pick:  Hard to get this one through David Chew as he considered this as too mushy. But I try to feature songs that matters to me, and songs that do not get airplay anymore. In recent times, the favourite break up song has to be Adele's Someone Like You. My favourite is Someone I Used To Love by Barbra Streisand (original by Natalie Cole).



Tuesday, August 19, 2014

Murasaki's Track Record Updated

Even though the market is strong, traders and investors should also get the added advantage of the major movers and not be stuck with also-rans. Sign up for a free 7 days trial and make sure you attend one of our Masterclass to get the full benefits in how to use the system properly.

www.murasaki.co


tock CodeStock NameHighlight Price(RM)Highlight DateLiked
7214ARANK 0.715 18/08/2014 09:03:31 AM 0 
1538SYMLIFE 1.150 15/08/2014 09:03:59 AM 0 
00123A 1.020 15/08/2014 09:02:56 AM 0 
7071TAKASO 0.320 13/08/2014 09:15:42 AM 1 
8745LEWEKO 0.260 12/08/2014 03:30:17 PM 0 
1589IWCITY 1.620 12/08/2014 09:08:55 AM 0 
1503GUOCO 1.730 08/08/2014 09:05:10 AM 1 
6203KHEESAN 0.645 08/08/2014 09:02:30 AM 0 
0136GREENYB 0.350 07/08/2014 03:56:43 PM 0 
7215NIHSIN 0.280 07/08/2014 03:52:41 PM 0 
 

Friday, August 15, 2014

Gainers & Losers


From Think Big:

The average S&P 500 stock is up 5.89% year-to-date, and 65.4% of the index is in the black for the year.  Below is a list of the 40 best performing S&P 500 stocks so far this year.  
As shown, there aren't any 100% gainers in the index through today, and we're going to need to see some big gains over the next three and a half months if the index is going to register any "doubles" this year.  Newfield Exploration (NFX) is currently the biggest winner in 2014 with a gain of 63.82%.  Another Energy company -- Nabors (NBR) -- ranks second with a gain of 58.09%.  Under Armour (UA), Electronic Arts (EA) and Green Mountain (GMCR) round out the top five, all with YTD gains of more than 50%.
Surprisingly, all ten S&P 500 sectors are represented on the list.  The one Utilities name to make it is Pepco Holdings (POM) with a nice gain of 40.46%.  Technology is the most represented with ten names, followed by Energy with seven.  A few of the notable names on the list include Facebook (FB), Southwest (LUV) and Delta (DAL), Chipotle (CMG), Intel (INTC) and First Solar (FSLR).
The list of 2014's biggest losers in the S&P 500 is dominated by consumer stocks.  Coach (COH) ranks dead last in the index with a decline of 35.54%, and Whole Foods (WFM) isn't far behind with a loss of 33.84%.  Four more brick-and-mortar retailers rank third through seventh worst, and maybe surprisingly to some, web-giant Amazon.com (AMZN) ranks eighth worst in the S&P with a year-to-date decline of 20.18%.  As you saw in the table of winners above, not all retailers are having a rough year (Chipotle and Kroger), but clearly the group as a whole has struggled.  Of the 40 worst performing stocks in the S&P this year, 17 are in either the Consumer Discretionary or Consumer Staples sectors.  Investors are definitely looking for back-to-school and the holiday season to help turn things around.  Historically, the holiday season hasn't been a time to hold retailers, but given their performance so far this year, maybe we'll see a divergence from the normal seasonal stock trends.
While no S&P 500 stocks have doubled this year, 19 names in the Russell 3,000 are up more than 100%.  As shown in the table below, RadNet (RDNT) is currently in first place with a year-to-date gain of 316.17%.  Pacific Ethanol (PEIX) ranks second at +281.34%, and Plug Power (PLUG) ranks third at +275.48%.  Intercept Pharma (ICPT) is up the fourth most in the index at +247.36%, but it's actually set to open tomorrow morning in first place after gaining 58% after-hours!  InterMune (ITMN) round out the top five at +203.53%.
The list of winners in the Russell 3,000 is dominated by biotech names, with 14 of the 40 stocks coming from the Health Care sector.  Biotech ran into big trouble back in March and April, and the group as a whole has yet to take out its highs from eariler this year.  That being said, there are still plenty of names in biotech that are having banner years.
If you have time, browse through the charts and fundamentals of these big winners.  You may not find any long opportunities from a list of names that are up so much, but you'll get a good sense of the trends that investors are playing these days.

The One & Only Don Rickles

The sudden passing of Robin Williams hit us all hard. Hence it was wonderful to see this massive tribute event for Don Rickles, easily one of my all time favourite stand up comedians. His act is basically as an insult comic, he does not discriminate, he laughs at all and sundry. Words can be cruel but Don does it so well. I am so glad we get to see this as he is getting very very old but the mind is still alert as ever. The flashbacks were priceless. Much love ...

Wednesday, August 13, 2014

S&M Show Podcast

A LOOK INTO ACTIVE STOCKS


Dali takes a look into possible factors behind the activity in MAS, PDZ, Sumatec, Guocoland amidst the current buoyant market sentiment.

http://www.bfm.my/sm-salvatore-dali-malaysiafinance-a-look-into-active-stocks-20140813.html

Song Pick: Play this loud, LUST FOR LIFE ... infectious opening. A brilliant song written by David Bowie and Iggy Pop, performed by the latter in the 70s. The song had a huge resurgence following the usage of the song repeatedly in another brilliant movie Trainspotting.




Tuesday, August 12, 2014

Nanu Nanu ....


Where it all began ....

Robin Williams remembered.







with his biggest idol and influence, Jonathan Winters ..






my #2 favourite RW movie ... GMV




my #1 fav RW movie ...


Nanu nanu Mister Williams ...



40 sen??? .... It Should Be More Like RM4.00!!!

StarBiz - PETALING JAYA: In what is seen as a move to encourage minority shareholders’ acceptance, Delloyd Ventures Bhd’s major shareholders have raised their buyout offer by 40 sen to RM5.20 a share.
The automotive components manufacturing and plantations company said in its filing with Bursa Malaysia that it had received a letter from its major shareholder Chung & Tee Ventures Sdn Bhd yesterday announcing the increase in the proposed cash offer from RM4.80 a share previously.
Delloyd’s shares ended 16 sen higher at RM4.78 yesterday.
Chung & Tee Ventures is the single largest shareholder in Delloyd with a 34.24% stake. Chung & Tee Ventures and parties acting in concert with it, which collectively owned a 63.58% stake in Delloyd, had in May proposed to take Delloyd private via a selective capital reduction and repayment exercise at RM4.80 per share.
The group had then said the proposed exercise offered an opportunity for its shareholders to realise their investments in the company at a premium to the current and historical market price of the company’s shares.
It was noted that Delloyd’s shares had been relatively illiquid.
The proposed revised cash amount of RM5.20 per share is 25% more than Delloyd’s closing price of RM4.16 on May 14, which was the last trading day before Chung & Tee Ventures served the letter to request the company to undertake a selective capital reduction and repayment exercise.
The proposed revised cash amount also represents a price-to-earnings multiples of 18.31 times Delloyd’s earnings per share of 28.4 sen for the financial year ended March 31, 2014, and price-to-book multiples of 1.16 times the company’s net asset per share of RM4.48 at the end of March 2014.
“The proposed revised cash amount is subject to adjustments if the company declares, makes/or pays any distribution between the date of the request letter and the completion date,” Chung & Tee Ventures said in its letter dated Aug 11.
“The proposed revised cash amount shall be reduced by an amount equivalent to the net distribution made per share,” it added.
Delloyd had earlier noted that its automotive segment was becoming increasingly competitive, as the group’s revenue, operating profit and operating profit margins had been declining in recent years, while its plantations segment continued to face challenges given prevailing fluctuations in foreign rates of the rupiah and increasing cost of production.
--------------------------------------------------------------
Snippets from Kinibiz:
One is Delloyd’s freehold 1,448.78-hectare oil palm estate in Batang Berjuntai, Kuala Selangor called Sungai Rambai Estate. Acquired in 1999, the book value of this large land parcel was stated as RM75.23 million in Delloyd’s 2013 annual report. That translates into about 48 sen per square foot (psf) for 155.9 million sq ft.
But Tiger prowled further and turned to the National Property Information Centre (Napic), Ministry of Finance, to see if this valuation is still correct. Based on Napic’s data, in 2011 the average transacted price psf for oil palm land in Kuala Selangor was RM11.33 in 2010 and RM13.59 in 2011.
If we take just RM13 psf as the going market price for Delloyd’s Kuala Selangor land, the value comes to about a staggering RM2.02 billion compared to the book value. Less the book value of RM75.23 million, the value of this particular asset comes to about RM20 per Delloyd share.
Say we put a 25% discount to this value. The surplus is still RM15 a share, making the revalued net assets of a share quite close to RM20 a share.
To a lesser extent, Delloyd also has a freehold 4.05 ha parcel of industrial land comprising two plots of land in Klang, Selangor. Acquired in 1999, its book value stands at roughly RM15 million, which works out to RM34.40 psf.
And according to Delloyd’s annual report, this parcel at Kampung Jawa, Klang houses the company’s principal place of business.
But Napic shows an average transacted price for 2011 transactions of RM182.36 psf for industrial land in the area. That comes to roughly RM79.5 million.
Just these two properties alone are worth so much more than their book values, so what’s RM168.87 million in comparison? And Tiger had not even looked at Delloyd’s other assets, so it is possible that the share value is even higher.
For instance Delloyd has 14,422 ha of leasehold land in Belitung, Indonesia — an island with a rising tourism industry — and another question that needs asking is whether this land currently housing oil palm can be redeveloped into something else at much profit, should the leases be extended.
Timed with West Coast Expressway news?
Another curious aspect of the privatisation bid was that it was announced nine days before deputy prime minister Muhyiddin Yassin launched the long-delayed West Coast Expressway (WCE) project.
Why not launch the privatisation bid earlier in the year when Delloyd’s shares were stuck below the RM3.30 mark — cheaper? Given the recent surge in Delloyd’s shares, something seems afoot given the offer price alone does not sound sexy at all after looking at Delloyd’s assets.
Spanning 233km and worth some RM5 billion, the project will last five years and connect Banting in Selangor all the way to Taiping in Perak.
What caught Tiger’s eye here is that the WCE will pass through Kuala Selangor and Klang, among other places. And Delloyd has properties in these two places.

Monday, August 11, 2014

Confessions Of A Carnivore ...

It is fashionable to be a vegan. But how can some things taste so good for it to be wrong. Less than 30% of planted stuff are for human consumption globally. The rest is to feed the animals or fatten them for eventual food on table. If we stop eating meat, does that mean we have enough crops to feed the world? As utopian as that sounds, then we will be left with an ever exponentially growth in farm animals - we will have a different problem then. Do we castrate them then ... as if that was natural?

I guess I will still be a carnivore but I would support measures to have more decent and hospitable farming and culling of animals. I leave you with this thought ...

If we have to kill each and every animal for whatever that we choose to eat ... be it tonight, tomorrow, next week ...  for lunch or dinner ... IF we want steak we have to kill the cow ourselves, if we want chicken we have to do the same ...  or lamb or pig or piglet ... IF we have to act that way (and we really do, indirectly), I think we all will eat a lot less meat.

Good Practical Tips When Visiting Paris

From queuing for hours for the Eiffel Tower to overdosing on 12 per cent beer, here are the things to avoid in the French capital.

1. Going to the Champs-Élysées
Beloved by hordes of prattling foreign teenagers, Parisian are careful to avoid this thoroughfare - and with good reason. Full of international chains and overpriced restaurants selling dreadful food, as well as car show rooms and the Paris headquarters of Iran Air, it is a cursed day that one finds themselves wandering in these Elysian Fields. If you have the money, or want to pretend you do, you would be far better off heading to the other two streets that make up the “Triangle d’Or” – the Golden Triangle – Avenue Montaigne and Ave George V, to the south of the Champs. Here you will find shamelessly shiny outlets of the best Parisian fashion houses – Hermes, Chanel and Louis Vuitton, to name but a few – all manned by even brassier security guards. Or for shops where you might actually be able to afford something, head east into the Marais, Bastille and Belleville districts, for boutiques and bric-a-brac. Failing that, head to the top of the Arc de Triomphe, the tower that stands at one end of the strip, for the most impressive thing about it: the view of the 12 roads that stretch out from beneath it, in the glad knowledge that you are not in the bunfight below. 

2. Queuing for the lifts at the Eiffel Tower
There is no doubt that every visitor to Paris must do what most of the locals never get around to: ascend the Eiffel Tower. The views from Gustave Eiffel’s 1887 construction are always impressive – seven million visitors a year are unlikely to be wrong. And yet fools only attempt to make the ascent in the lifts without pre-booking: the queues can be hours long, and the area underneath the tower is full of touts, screaming children, and, potentially, pickpockets. Pre-book your ticket online in advance: although there may be bottlenecks here and there to enter the lifts, you won’t have to queue to purchase. Failing that, you could even walk. Stair tickets cannot be purchased online in advance, but most visitors find it too daunting a prospect, meaning the queues are much shorter. 

3. Joining the Mona Lisa scrum
Even the most dim-witted luddite has heard of the Mona Lisa, therefore every Tom, Dick and Claude who walks into the Louvre makes a bee line straight for it. Consequently, the room which houses Leonardo Da Vinci's masterpiece becomes a cross between Harrods on the first morning of the sales and the weigh-in at a Ricky Hatton fight. I can't see what the big fuss is myself, and don't think the fact that the subject’s peepers follow you around the room is anything special – the same illusion occurs whenever someone is painted eyes forward. The painting itself is also smaller than a postage stamp, and you can't see it without some grinning buffoon poking you in the temple with their thrusting smartphone. There are some 35,000 pieces of artwork in the museum: you need not see this one. 

4. Taking children anywhere
Paris has a reputation of being "a city that is terrible for 'les enfants'". How bad can it really be?

In contrast to London Underground's big, buggy-friendly gates, there was no obvious space for our pushchair on Paris' Metro. And so within minutes of descending at the Gare du Nord, I found myself in the faintly ridiculous position of trying to wrestle a buggy through some unaccommodating automated sliding doors, in front of a bemused series of commuters. My first lesson parenthood in Paris: expect to fold your buggy every time you go in and out of the metro. Lesson two was not far behind: brace yourself for the stairs...

5. Quaffing one too many "Demon" lagers
Heaven knows if they still serve it, but should you ever stumble upon "La Bière Demon" – slogan: "12̊ de Plaisir Diabolique" (translation: 12 per cent of devilish pleasure) – run for the hills. For my 21st birthday, a girlfriend treated me to a weekend in Paris. We arrived in time for lunch, and – bristling with naive joie de vivre – I sank four or five of the hellish creations. Needless to say, I was soon escorted back to our hotel, where I slept through the remainder of my big day. 

6. Being the victim of a pickpocket
Incidences of “Vol à la tire” have increased in Paris in recent years, with Russian and Chinese tourists, for whom it is more usual than visitors of other nationalities to carry large amounts of cash, being targeted in particular. Last year, Paul Roll, director of the Office du Tourisme de Paris, said that he hoped tourists would not be put off visiting the city, but admitted that action was needed: “It is a subject that we shouldn't hide from and must take seriously.” The US Embassy in Paris has a long list of tips on how to avoid being a victim, including carrying handbags with zips, never having on your person more than you are willing to lose, and knowing that most pickpockets operate around the main tourist attractions, such as the Eiffel Tower and the Louvre. I was once the victim of an attempted pickpocketing in Paris, as I withdrew cash from an ATM. I was concentrating so hard on my crutches, and the pain in my foot – I had fallen badly a few days previously – that I did not notice the little boy who tried to swipe my purse. Only afterwards, when I was approached by several policemen, who asked me to fill out an incident report, did I realise what had happened. 

7. Paying the bill at a five-star hotel
Paris hotels are among the most expensive in the world – according to the latest Hotels.com Hotels Price Index survey, based on 2013 figures, a night at a hotel in the French capital cost an average of $A230, ahead of London ($A219) and notoriously expensive St Petersburg, in Russia ($A204). For example, one night in a classic room on Friday September 19 at Le Meurice, one of Paris’s “palace” hotels (and admittedly one of the most fabulous in the whole city) is sold at a “best available rate” of €880 ($A1,271) per night – upgrade to a “prestige suite” for a mere €5,800 ($A8,382) per night. These rates don’t include any meals, of course – you will pay €34 ($A49) for a club sandwich. 

8. Joining the queue for Burger King (Don't)
This may well have improved since I saw it last (it MUST have improved). But when I stopped by last year, I couldn't believe the queue I saw for one particular Parisian restaurant. Having just opened in Saint Lazare station, which serves commuters to Paris's western suburbs, the Burger King - the only one in the city - had created a buzz to make any chef of a trendy pop-up eatery envious. Snaking round the shopping centre, it was at least an hour long, and had, apparently, been worse. The question I kept asked myself: why? 

9. Asking someone the way
Don’t do so unless you're prepared for a cold shower of Parisian scorn. Locals will either ignore you completely, look at you as if you've just crawled from under the nearest kerbstone or answer in impenetrable rapid-fire French – then walk off before you can ask them to repeat it. If you do get lost, look for another tourist to help you.


10. Being there when there’s a strike on
Some French are proud of their ability to stop working whenever possible: when it’s too hot, when it’s too cold, when the generous state pay and holiday allowances are deemed insufficient… When I lived in Paris a few years ago, I got used to walking or cycling instead of relying on the public transport networks – and there is little point in trying to hail a cab in Paris, where they are few and far between. To be fair, this problem is not limited to the City of Light: French air traffic controllers like to decide not to work too, causing flight cancellations and delays on flights across its airspace, as do workers on the nationwide SNCF rail network. At least in the capital, you can hunker down with a coffee and a croissant and do as the Parisians who work in the private sector do: raise your nose in the air and ride above it. 

with Joanna Symons, The Telegraph, London

p/s don't put any more locks on the bloody love bridge, its weighing the bridge down ...


Read more: http://www.smh.com.au/travel/the-10-worst-things-to-do-in-paris-20140811-3dh97.html#ixzz3A3JasH9g

Friday, August 08, 2014

Guocoland, No Brainer

This is a no brainer but as with most value traps, its best to ignore them unless there are catalysts. However, there are reasons to believe the wheels have started with Guocoland which will make them a fantastic short to medium term hold. Bearing in mind the RNAV is closer to RM6.00.

Reasons/Catalysts

a) It appears Quek is on his way to restructure many of his companies. He did it with Narra/cement, and there are whispers that Southern Steel will follow after Guocoland.

b) The botched privatisation of HLG Capital thwarted by Dr Yu of YNH Property would lend a lot of credence to the belief that if Quek wants to do a privatisation this time, it would not be a half wait and see tactic. The last thing he wants is another Dr Yu into the fray in his quest to take Guocoland private. 

c) Even more than HLG Capital, Guocoland is all the more important for it to be taken private with its resplendent landbank and deep uncorked value.

d)  So, either you do smthg quickly, ... you do not want to be wishy washy and make a low offer, or worse,.. no offer... all the while when you can see someone is playing or accumulating your stock.














Wednesday, August 06, 2014

Murasaki @ Penang & Ipoh This Weekend

For share investors, you are invited to attend a one hour Preview and Masterclass on what is Murasaki ts and how

to use the system effectively. We will be in Penang and Ipoh this weekend. Current subscribers from those cities are encouraged to attend as well.

PENANG - Saturday 11am




IPOH - Sunday, 1pm




S&M Show Podcast

Will Malaysia See a Super Bull-Run?

Dali muses about whether "Asia's Warren Buffet" Cheah Cheng Hye's prediction for a 15% gain in China stocks this year will be mirrored for local stocks.



http://www.bfm.my/sm-salvatore-dali-malaysiafinance-will-malaysia-see-a-super-bull-run-20140806.html

Song Pick:  Leo Sayer's Orchard Road



Tuesday, August 05, 2014

The Wife Zone, The Safe Dating Zone ...etc...

This is so instructive, funny and true ... lol big time. I love how women's craziness, starts at 4 and not 0 ... touche ... sooo funny. Girls will hate it, guys will love it!!!

Saturday, August 02, 2014

Global Equities Bull Run Intact

When the minor selloff came on Thursday, some including me, we a bit comforted, as we needed a breather of sorts. It also helps to gauge the breadth and sustainability of the current uptrend. Global equities were not shaken even with the plethora of negative news over the past few weeks. Be it the Gaza problem, the downing of aircrafts, Argentinian bonds default ... 









































The first positive development was that stocks were able to successfully hold key support levels for another day. Stocks as measured by the S&P 500 Index  made an early run at its 100-day moving average, which has served as reliable support on four occasions since the beginning of 2013, but at its lows of 1916, the index never came closer than five points to this support level, currently at 1911. And the S&P 500 still remains a solid distance away from its 150-day moving average, which provided key support during the correction at the beginning of 2014, currently at 1883. In short, the recent correction over the last two days at least to this point continues to represent nothing more than a pullback in a longer-term uptrend.









































When looking at immediate trends, one cannot really be looking at fundamentals alone. The price volume data reveals the underlying thinking of Mr. Market. In both the charts above, Russell 2000 and Nasdaq, the more reflective and broad based indicators, showed that both markets were actually quite finished with the selling and is close to oversold levels. I am not the only person watching these charts. They almost always, always bounce off the 30% level, which is where they are at now.

Looking at local equities, the sharp reversal on Friday morning brings forth a lot of positives. The bounce back by many "hot stocks" indicate that the underlying sentiment and strength are very strong locally. What was more surprising was that more than 15 stocks broke their 52 week high during the last 3 trading days. I am confident that the bull has not been hurt at all.

Wednesday, July 30, 2014

Wind & Water ...

Let's just give up on fundamental research or technical analysis ... the bloody fengshui chart courtesy of CLSA has been eerily accurate.