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Double or nothing

 

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This is the very kind of thinking that causes people to lose a lot of money...

Because in a fierce market downtrend, they will stubbornly keep on holding until the very last ...

Then they will have the greatest patience in the world tp wait for the stocks to rise again in months, maybe years...

smartrader      ( Date: 10-Aug-2009 12:16) Posted: singapore banks, telco, utilities, water and public transport are evergreen business ...key ingredients of modern civilisation. .. hehe.. say like no say right ?

 

my boss still got short havent cover....

just short high to ave up.... hehe.... 

 

singapore banks, telco, utilities, water and public transport are evergreen business ...key ingredients of modern civilisation. .. hehe.. say like no say right ?

 

can please share with us the coy u have in mind...of course we will dyodd...

smartrader      ( Date: 10-Aug-2009 09:08) Posted: whether market up or down, crisis or no crisis, businesses still need to continue to operate. So the best thing to do is to invest in companies that had survived the worst crisis with growth and profit.....evergreen business is the best ..

 

whether market up or down, crisis or no crisis, businesses still need to continue to operate. So the best thing to do is to invest in companies that had survived the worst crisis with growth and profit.....evergreen business is the best ..  

 

I know ppl hate to hear pessimitic view, but it is my wish to be wrong.

i will be very happy to be wrong, and hope that all those newslatter i read are all wrong...

 

now the deficit is 1.3 T, and the chinsese are no going to lend them and buy their bond, if they keep printing $..

and if this time , thing really get urgly...there is nothing Obama, and Ben can do....now they already up to the nose....i dont thk they can afford another second stimulus...

i would say prepare for the worse and hope for the best...

 

the adoption of accounting rules that govern how coy must recognise losses,have make most lossing coy profitable.

the rule allow coy and bank to value the asset cuurently at cheap instead of wayback before crises which was very high..

for example....you bought kepland at 6.0 before the crises start.... then at Mar it was 1.4...you lose 4.6....but after the change to the rule of accounting...you must value it at Apr  px of 1.8....and nw in Aug the px have gone up to 2.8....you end up with a profit of 1.0...instead of 4.6 losses..

it is misleading...nw AIG...still own 87 b...and to date it have sold asset worht 2b to pay off....how can it said it is profitable when you own 87b???

all these , make up and the coming ARM, comm RE...prime implode will see dow at new low...

and we have got eastern Europe..

i dont why no one response to my this post which is of significant....

 

 

since the changes to the accounting rule....most of them become profitable...

did you all notice..

some smart alec...sell asset, and list as onetime gain...to inflate their profit even higher..

they cannot keep selling...sooner or later, thay got sell backside at Geylang,,

another round of ARM,Prime and comm RE...dont want to dies also cannot...

AIG also become profitable, but i have yet read them,,,maybe again selling of asset and

 adoption of accounting rules that govern how it must recognize losses. so that is call profitable!!!

 

I just read abt Freddie Mac reporting a profit in 2 yrs....and you know what...read on. the line i highlight..

we must always read with dyodd....

accountig rule changes...that is how they make a profit...without 5.1 b...they will be actually lossing money..5.1b  minus 768m...

that is 4b losses!!!!!!...they are still lossing money in another word...right.?.

anyone with second opinion.pls share..

 

 

After payments of $1.1 billion in preferred stock dividends to the U.S. Treasury, Freddie Mac had a net loss of 11 cents per diluted common share.

Freddie Mac said profit was cushioned by a $5.1 billion increase in equity due to the adoption of accounting rules that govern how it must recognize losses. It also had a $4.2 billion gain from derivatives that rose in value as interest rates rose, and greater interest income as its borrowing costs fell.

Provisions for credit losses declined to $5.2 billion in the second quarter from $8.8 billion in the previous period, driven by recent home price improvements, it said. But that benefit is likely seasonal, and provisions will probably rise again, it said.

 

hey,,,i am off target ..u are mistaken ,

but prediction dont come with warranty.....just like your   g...tutorail...u advertise..

iPunter      ( Date: 08-Aug-2009 13:16) Posted: Wow! The guy is a real psychic man! It really closed spot on at +113pts as he said!...  cheongwee      ( Date: 08-Aug-2009 10:36) Posted: Was 170, before i went to sleep...guy over there at Wall St value this data at only 113.8 pts... .extremely under value...shd be at least 200 over pts.. maybe they really want dow to go to 9800 to 10000 in late summer  and not so soon...so slow and steady...another 500 pts for a month play left.. but if read further...9.4% become questionable...i have start to receive newsletter, e-mail fr institution saying this 9.4% is fake....never mind, the most important thing is that it must be a mrkt mover.. so hope 113 pts will rocket sti come Tues..we got no time left..if the turnout is true..

 

Wow! The guy is a real psychic man!

It really closed spot on at +113pts as he said!... 

cheongwee      ( Date: 08-Aug-2009 10:36) Posted: Was 170, before i went to sleep...guy over there at Wall St value this data at only 113.8 pts... .extremely under value...shd be at least 200 over pts.. maybe they really want dow to go to 9800 to 10000 in late summer  and not so soon...so slow and steady...another 500 pts for a month play left.. but if read further...9.4% become questionable...i have start to receive newsletter, e-mail fr institution saying this 9.4% is fake....never mind, the most important thing is that it must be a mrkt mover.. so hope 113 pts will rocket sti come Tues..we got no time left..if the turnout is true..

 

DJ weekly charts.

Index is above 50 week MA,  closing above upper band with RSI now 69, with increasing volumes. ADX has just turned up from low levels with +vely placed DIs.

DJ broke out of a reversed H&S pattern on week of 20-24 July 09. Measured target 11,800 or thereabouts.

So, i think it is BUY......

 

 

Was 170, before i went to sleep...guy over there at Wall St value this data at only 113.8 pts...

.extremely under value...shd be at least 200 over pts..

maybe they really want dow to go to 9800 to 10000 in late summer  and not so soon...so slow and steady...another 500 pts

for a month play left..

but if read further...9.4% become questionable...i have start to receive newsletter, e-mail fr institution saying this 9.4%

is fake....never mind, the most important thing is that it must be a mrkt mover..

so hope 113 pts will rocket sti come Tues..we got no time left..if the turnout is true..

 

i know this sounds crazy.

S&P 500 weekly charts.

Index seems to me to be trying to cover the gap at 1,098 i say again 1,098 formed between weeks of 3 Oct 08 and 10 Oct 08.

OMG!!!!

 

Obama Pleased by Job Numbers, Expects Rate to Rise (Update1)



By Edwin Chen

Aug. 7 (Bloomberg) -- The Obama administration is “pleased, but not satisfied” that the nation’s unemployment rate dipped to 9.4 percent last month and still expects it to hit 10 percent before a recovery takes hold, White House press secretary Robert Gibbs said.

“We’re still losing jobs and we have work to do,” Gibbs said this morning. “Without seeing some genuine, positive, sustained job growth, you’ll likely to see the rate continue to go up.”

President Barack Obama will make remarks on the economy at 1:30 p.m. Washington time from the White House. In his weekly radio address on Aug. 1, Obama said it will take “many more months” for the U.S. to shake off the recession.

The Labor Department reported today that the unemployment rate dropped to 9.4 percent in July from 9.5 percent in June. Payrolls fell by 247,000 after a loss of 443,000 a month earlier. The nation has lost about 6.7 million jobs since the recession began in December 2007, the biggest decline in any economic slump since World War II.

Obama is putting the economy back at the forefront of his remarks to the public as polls show it remains the top concern of Americans. At a fundraiser last night for Creigh Deeds, the Democratic candidate for governor in Virginia, Obama said his polices have “brought this economy back from the brink” of a depression.

Stocks gained and Treasuries dropped after the jobs report stoked optimism for a recovery in the second half of the year.

To contact the reporter on this story: Edwin Chen in Washington at echen32@bloomberg.net Last Updated: August 7, 2009 10:55 EDT

 

OMG...there go my 200pts....but prediction right? not prophet, and not forsee..so i am still purely cheongwee.,,,

but i thk you know cheongwee is not credible at all...he told you so..now he find an excuse.

but hope all make credible $$$..next week.

look like another profitable week for us....good luck and good nite.

 

Those who bought on the dips yesterday and today will be rubbing their hands with a crafty victorious grin ... hehehe...