• Banks are failing every week and some really big ones. FDIC insurance fund is depleted and there are rumors of a bank holiday being called in September.
• The market has risen 50% from March lows, thats never happened without a significant increase in GDP and corporate earnings.
• The U.S. is running a $1.8 trillion deficit. 2010 should be $2 trillion.
• The US dollar is on life support
• Every month a new record in home foreclosures is announced
• Real unemployment U-6 is almost 17% and growing
• Retail sales are horrible.
• China's market is down almost 15% in a few weeks (a leading indicator of western markets)
• The Fed is monetizing the debt and trying to hide it.
• Most technical indicators are extremely overbought.
• September is the worst month of the year for stocks on average.
• The political environment is combustible.

sorry,shd be Mon and Wed...mrket lau sai day...BB collecting cheaply ..not Mon and Tues..

Going forward Mermaid will run faster than SAR..like i posted before..

you see ...analyst have a fair px of 3.0 and another one say 2.7...so we can roughly say SAR fair value is ave 2.8....so roughly nw the px is 2.3...

and if the fair px is 2.8..ppl will only be willing to buy up to 2.6 the most...so 2.3 to 2.6 is 13%...upside

so even if SAR is go fr 2.3 to 3.0,it is some 30%

and if u compare Mermaid fr 80.5c(when i make the call) to 1.05...also 30%

which is more likely and easily to materialise....SAR...2.3 to 3 or Mermaid fr 80.5 to 1.05

Mermiad of course....but that does not means SAR is lousy, only that fr now it is heavy...will not move as fast as Mermaid, where the smart monay are at the moment..

that is why i sold SAR and put most of my money on Mermaid...

But for Li Heng...the longer it stay at ard 27c the higher it will catapult later.....like a spring, push down, the longer u hold, the more powerful will be the spring force when you let go...

we have no much time left to play.....

cheongwee      ( Date: 20-Aug-2009 18:45) Posted: Did anyone bought Mermaid...i have sold SAR, tiong woon, healthyway ..and some total 11counter and put them into Mermaid , QAF wrt, CAE, and Li Heng...with 50 % om Mermaid... but definitely no the guy who gave me a bad rating,,,he did not make $ for sure...now he is very envy of me...i make $$$..right,,,next time when i call again, you see for yourself... look like i make a good move.. Last Mon and Tues,,BB collecting Mermaid and Li Heng ..cheaply..and look at mermaid today... 50% of my vested sum here bought just a day befor it soar....   Elite Posted: 19-Aug-2009 15:19       Contact cheongwee          *  Quote this Post! x 0 x 1 * Alert Admin Aiyoyo,,,BB is collecting Li Heng at 27c -27.5c and mermaid at 80 - 80.5c..pls take a look.. i want u to make $$$ before rally really end late summer... dont worry, u all cannot influence the px .for me....we all here cannot play up the px...BB can.. trust me today, u can thk me later... Rate This Post:   Good Post   Bad Post   cheongwee Elite Posted: 19-Aug-2009 15:12       Contact cheongwee          *  Quote this Post! x 0 x 1 * Alert Admin Ok , buy now...dont worry , i know dow future is 77 pt down,so???that why u can buy cheap..right? how to buy cheap when dow is up...u make $, in a mrket just like right now...u buy cheap.. mermaid at 80c to 80.5c  lelong...lelong...last call..

Analysts stay bullish as Shanghai flirts with bear territory

HONG KONG (MarketWatch) -- As Chinese stocks near technical bear-market territory, several analysts are maintaining their bullish predictions, saying market dips likely in the near term may present a strong opening for patient investors.

Chinese stocks have undergone a sharp correction this month, as investors sold off shares on concerns that Chinese regulators disapproved of recent rises in bank lending and property prices and could fine-tune policies to avert asset bubbles, hurting equities in the process.

In fact, UBS Research's China strategist John Tang wrote in a report that a further correction was likely over the next 30 days.

"We argue that the market needs to factor in more short-term regulatory risks, and the coming [corporate] interim reports might have a bigger impact on the index than previously anticipated," Tang wrote.

He added, however, that the correction may present "a better entry point likely for the bull market into 2010."

Nah.... dun wan to dirty my fingers with all tat stinko.