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Nobody is too old to learn a new skill. In times of uncertainties, especially during a financial crisis or recession when so many people were retrenched and unemployed, trading skills could come in handy to bring in some money for the family. And stock prices are usually cheap during a recession. Those who bought stocks in 2008 or early 2009 will be laughing to the banks today.

 Plenty of free information here, come back often! 

dchia1764      ( Date: 30-Oct-2010 23:33) Posted: Hi BT, I m an old man, born in 1964.. plenty of new stuff to learn from you guys .. along the way, trying to understand & pick up the knowledge with you and others as much as possible. I am looking forward to attend your new course sooner..  CHEERS! BullishTempo      ( Date: 30-Oct-2010 22:36) Posted: Welcome Dchia. Not born in 1764 are you?

 

time waits for no man, must learn fast or else will end up losing more money in market. not that i plan to get into this war on monday. but ya...

will be happy if 90% of my plan is correct.

BullishTempo      ( Date: 30-Oct-2010 23:27) Posted: LoL bladez, you can be a very promising trader in the future. You are improving fast.   Having said that, be prepared for unexpected news during Monday morning. For example, news about QE2 or OCBC. Otherwise your game plan sounds pretty good.  bladez87      ( Date: 30-Oct-2010 23:18) Posted: this would explain why the surge after the release. 1st round of profit taking over liao, pre closing surge again. retail will probably buy in on monday morning, causing it to move up again, but i suspect pre lunch will profit taking. since ocbc also got good analysis, then due to the moving of funds from uob to ocbc, pre release will go up in anticipation, post release will cause a surge if exceed expectations like UOB and fast profit taking, due to the rise prior to the release. ending expected to be same like UOB. that is my guess on monday's movement. BT is my game plan same as yours?

 

Hi BT, I m an old man, born in 1964.. plenty of new stuff to learn from you guys .. along the way, trying to understand & pick up the knowledge with you and others as much as possible. I am looking forward to attend your new course sooner..  CHEERS!

BullishTempo      ( Date: 30-Oct-2010 22:36) Posted: Welcome Dchia. Not born in 1764 are you?   dchia1764      ( Date: 30-Oct-2010 22:05) Posted: BT, I would say we are fortunate to have someone like you so kind hearted to guide the new birds along like myself to be a better trader.. Many thanks..

 

no la. internal auditor by name. go there also nv do much 1 cause inexperienced. so still learning. quite terrible at accounting frankly. but taking up accounting & finance degree part time now.

financial savvy i would think so , since i interested in stocks since young, but started out as fundamental investing in poly, resulted in a 80% loss in pennies in NS, now learning technical from you. prior to my current job i was a insurance agent, so had a little touch with mutual funds and financial planning.

by restricting capital inflow, what do they mean? US fundhouses are not allowed to buy china stocks?

if we can track the palm oil prices since the weakening of the US dollar, we might have a clearer pic on how goldenagri profitability will be affected.

QE2 broken into packages within period of 6-9 months. total of 2trillion. if we go by 3 packages, that will be 600 billion per quarter. big or small?

BullishTempo      ( Date: 30-Oct-2010 23:22) Posted: Oh bladez, you are an auditor? So you should be quite good with numbers and quite financially savvy?  Yes, you are right about the forex losses. However conversely, a weak US dollar also tends to push up commodity prices because of inflation effect, so it kind of cancels out the forex effect.  It only depends on which has a greater effect, the rise in palm oil price or the weak US dollar. I have to do more research on this, but Golden Agri is an attractive trade I have to admit, especially since it is so cheap. QE2 will be positive for stock market for at least 6 months depending on the size of the QE2 package. If bad news on Tuesday/Wednesday, eg. no QE2 or too little, better run for your lives. As to popping of bubble, governments will not let that happen. China is already restricting capital inflow. Singapore unlikely to do that yet. Just follow the news closely on this. bladez87      ( Date: 30-Oct-2010 23:11) Posted: i audit my company's indonesia branch. and every month, the forex losses quite substantial just cause of import of Raw mat and USD sales. for the palm oil, since most of their sales based on USD, i can foresee their forex losses will be massive. from 10k to 8k+ exchange rate. that is like 10% + forex losses. even if sales qty goes up, forex will eat into their sales $.   QE2 will flood the stock with money, creating bubbles, donno when pop only. quite scary.

 

LoL bladez, you can be a very promising trader in the future. You are improving fast.

 

Having said that, be prepared for unexpected news during Monday morning. For example, news about QE2 or OCBC. Otherwise your game plan sounds pretty good. 

bladez87      ( Date: 30-Oct-2010 23:18) Posted: this would explain why the surge after the release. 1st round of profit taking over liao, pre closing surge again. retail will probably buy in on monday morning, causing it to move up again, but i suspect pre lunch will profit taking. since ocbc also got good analysis, then due to the moving of funds from uob to ocbc, pre release will go up in anticipation, post release will cause a surge if exceed expectations like UOB and fast profit taking, due to the rise prior to the release. ending expected to be same like UOB. that is my guess on monday's movement. BT is my game plan same as yours? BullishTempo      ( Date: 30-Oct-2010 22:44) Posted: UOB posts 38% rise in 3Q earnings to $688m Tags: United Overseas Bank | UOB WRITTEN BY THE EDGE    FRIDAY, 29 OCTOBER 2010 12:49 Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail The UOB Group (Group) recorded after-tax profit of $1,990 million in nine months 2010 (9M10), an increase of 44.2% from a year ago. For third quarter 2010, after-tax profit was $688 million, 37.5% increase over the same quarter last year. Compared to second quarter 2010, after-tax profit grew 14.3%. UOB says the group effort generated loan growth of 7.8% from last year end. The increase was mainly from home loans as the group continued to be a leading player in the market. In Singapore, loans expanded 6.8% whilst the key regional countries rose 13.6%. Malaysia, with a loan base equivalent to one-fifth of Singapore’s, led the growth with a 19.0% increase. Net interest income for 9M10 was $2,667 million, 4.1% lower year-on-year with net interest margin declining 23 basis points to 2.15%. For 9M10, non-interest income rose 13.5% to $1,568 million due to fee and commission income. Loans reached $109.7 billion as at 30 September 2010, 7.8% increase from last year end and 3.2% from last quarter. As at 30 September 2010, Group Tier 1 CAR of 15.1% and total CAR of 19.9% continued to be well above the regulatory minimum of 6% and 10% respectively.

 

Oh bladez, you are an auditor? So you should be quite good with numbers and quite financially savvy? 

Yes, you are right about the forex losses. However conversely, a weak US dollar also tends to push up commodity prices because of inflation effect, so it kind of cancels out the forex effect.  It only depends on which has a greater effect, the rise in palm oil price or the weak US dollar.

I have to do more research on this, but Golden Agri is an attractive trade I have to admit, especially since it is so cheap.

QE2 will be positive for stock market for at least 6 months depending on the size of the QE2 package. If bad news on Tuesday/Wednesday, eg. no QE2 or too little, better run for your lives.

As to popping of bubble, governments will not let that happen. China is already restricting capital inflow. Singapore unlikely to do that yet. Just follow the news closely on this.

bladez87      ( Date: 30-Oct-2010 23:11) Posted: i audit my company's indonesia branch. and every month, the forex losses quite substantial just cause of import of Raw mat and USD sales. for the palm oil, since most of their sales based on USD, i can foresee their forex losses will be massive. from 10k to 8k+ exchange rate. that is like 10% + forex losses. even if sales qty goes up, forex will eat into their sales $.   QE2 will flood the stock with money, creating bubbles, donno when pop only. quite scary.  BullishTempo      ( Date: 30-Oct-2010 22:34) Posted: QE2 is positive for stock market, not negative. Whether it is positive for economy in the long run or not I cannot say. Yes weakening US dollar and thus strengthening Indonesian dollar is bad for business for the palm oil producers. But I am not sure how this is going to affect Golden Agri's results yet. Have to do more research.

 

this would explain why the surge after the release.

1st round of profit taking over liao, pre closing surge again. retail will probably buy in on monday morning, causing it to move up again, but i suspect pre lunch will profit taking.

since ocbc also got good analysis, then due to the moving of funds from uob to ocbc, pre release will go up in anticipation, post release will cause a surge if exceed expectations like UOB and fast profit taking, due to the rise prior to the release.

ending expected to be same like UOB. that is my guess on monday's movement.

BT is my game plan same as yours?

BullishTempo      ( Date: 30-Oct-2010 22:44) Posted: UOB posts 38% rise in 3Q earnings to $688m Tags: United Overseas Bank | UOB WRITTEN BY THE EDGE    FRIDAY, 29 OCTOBER 2010 12:49 Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail The UOB Group (Group) recorded after-tax profit of $1,990 million in nine months 2010 (9M10), an increase of 44.2% from a year ago. For third quarter 2010, after-tax profit was $688 million, 37.5% increase over the same quarter last year. Compared to second quarter 2010, after-tax profit grew 14.3%. UOB says the group effort generated loan growth of 7.8% from last year end. The increase was mainly from home loans as the group continued to be a leading player in the market. In Singapore, loans expanded 6.8% whilst the key regional countries rose 13.6%. Malaysia, with a loan base equivalent to one-fifth of Singapore’s, led the growth with a 19.0% increase. Net interest income for 9M10 was $2,667 million, 4.1% lower year-on-year with net interest margin declining 23 basis points to 2.15%. For 9M10, non-interest income rose 13.5% to $1,568 million due to fee and commission income. Loans reached $109.7 billion as at 30 September 2010, 7.8% increase from last year end and 3.2% from last quarter. As at 30 September 2010, Group Tier 1 CAR of 15.1% and total CAR of 19.9% continued to be well above the regulatory minimum of 6% and 10% respectively.

 

i audit my company's indonesia branch. and every month, the forex losses quite substantial just cause of import of Raw mat and USD sales. for the palm oil, since most of their sales based on USD, i can foresee their forex losses will be massive. from 10k to 8k+ exchange rate. that is like 10% + forex losses. even if sales qty goes up, forex will eat into their sales $.

 

QE2 will flood the stock with money, creating bubbles, donno when pop only. quite scary. 

BullishTempo      ( Date: 30-Oct-2010 22:34) Posted: QE2 is positive for stock market, not negative. Whether it is positive for economy in the long run or not I cannot say. Yes weakening US dollar and thus strengthening Indonesian dollar is bad for business for the palm oil producers. But I am not sure how this is going to affect Golden Agri's results yet. Have to do more research. bladez87      ( Date: 30-Oct-2010 22:26) Posted: BT u using RSS feed right? i not going to get involved for ocbc and uob trading. thomson is tempting, but chances are the price will be around the take over offer. not to mention now the world economy quite shaky, with the dollar printing more money and flooding the market, i am thinking that another crisis will happen again. with indoagri doing so badly, it is no wonder goldenagri fell so much. people must be thinking it is suffering from forex losses like indoagri. initially i wanted enter goldenagri, now also a little worried about their forex.

 

Remember the tactic : buy fast, sell fast. If not, you will be caught in the sell-down.

 

UOB posts 38% rise in 3Q earnings to $688m

Tags: United Overseas Bank | UOB

WRITTEN BY THE EDGE

FRIDAY, 29 OCTOBER 2010 12:49

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail The UOB Group (Group) recorded after-tax profit of $1,990 million in nine months 2010 (9M10), an increase of 44.2% from a year ago. For third quarter 2010, after-tax profit was $688 million, 37.5% increase over the same quarter last year. Compared to second quarter 2010, after-tax profit grew 14.3%. UOB says the group effort generated loan growth of 7.8% from last year end. The increase was mainly from home loans as the group continued to be a leading player in the market. In Singapore, loans expanded 6.8% whilst the key regional countries rose 13.6%. Malaysia, with a loan base equivalent to one-fifth of Singapore’s, led the growth with a 19.0% increase. Net interest income for 9M10 was $2,667 million, 4.1% lower year-on-year with net interest margin declining 23 basis points to 2.15%. For 9M10, non-interest income rose 13.5% to $1,568 million due to fee and commission income. Loans reached $109.7 billion as at 30 September 2010, 7.8% increase from last year end and 3.2% from last quarter. As at 30 September 2010, Group Tier 1 CAR of 15.1% and total CAR of 19.9% continued to be well above the regulatory minimum of 6% and 10% respectively.

 

OCBC 3Q net profit likely +21.9% on-year

Tags: Oversea-Chinese Banking Corp.

WRITTEN BY DOW JONES & CO, INC

FRIDAY, 29 OCTOBER 2010 15:27

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Oversea-Chinese Banking Corp. (O39.SG) 3Q net profit likely +21.9% on-year at $548.7 million, says Dow Jones Newswires poll of 6 analysts. Loan growth will be key for investors, especially in small-to-medium enterprise sector also, progress on state of private bank. Expect net-interest income to continue to be weak so trading and fee income will need to account for likely mortgage earnings shortfall.  “OCBC’s corporate and small-to-medium enterprise loans are likely to benefit from the pickup in system lending reported to August, and it is still too early to see a significant slowdown in mortgage volumes as a result of recent government measures to cool the housing market,” says Morgan Stanley. Results due during midday trading break Monday.

 

UOB 3Q net profit likely +19.7% on-year, says poll

Tags: Nomura | United Overseas Bank

WRITTEN BY DOW JONES & CO, INC

THURSDAY, 28 OCTOBER 2010 15:45

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail United Overseas Bank (U11.SG) 3Q net profit likely +19.7% on-year at $598.5 million as asset quality continues to improve, also helped by trading income according to median forecast in Dow Jones poll of 6 analysts. Of key interest for investors will be signs UOB’s lagging loan growth starting to catch up with peers. “Guidance sought will center on prospects for loan growth to show better and broader momentum, especially given amply...capitalized balance sheet with core equity ratio at 13%,” says Nomura. Results due at mid-market break Friday.

 

Ocbc has a better profit outlook than Uob

bladez87      ( Date: 30-Oct-2010 22:31) Posted: i also think if ocbc opens with good results, chances are people will buy ocbc and uob will not be that sustainable. profit taking possible too on uob.  if ocbc does not fare well, then uob will continue soaring and ocbc will die jialat jialat.  am thinking to fund the MF global account, just to be prepared to short weak reports. i suspect, goldenagri will be in a selldown position, until results release, and if same case as indo, then panic selling will occur.

 

Welcome Dchia. Not born in 1764 are you?  

dchia1764      ( Date: 30-Oct-2010 22:05) Posted: BT, I would say we are fortunate to have someone like you so kind hearted to guide the new birds along like myself to be a better trader.. Many thanks..  BullishTempo      ( Date: 30-Oct-2010 21:46) Posted: The results announcement for UOB was announced on friday during lunch break, which explains the price spike after lunch. You can see that on your intraday chart. At 12.29pm it was 18.46, at 2pm it was 18.60. A 14-cents spike.  100 lots will bring in about $14,000 profit for those who bought at 12.29pm and sold at 2pm, a short duration of about 1.5 hours. That is the influence of results announcement on stocks. The white candle on friday for OCBC shows you a much better investor sentiment towards OCBC's results announcement than to UOB's. UOB and OCBC, even though both are in the banking industry, they are still two different business entities with different business profiles. No doubt their income statements and balance sheets will be different as well.  Every trade carries a risk, a possible reward of $14,000 profit also carries the risk of a $14,000 loss. Can you take that risk? This is a question you have to ask yourself. Trading is not for everybody. You might be better off as a long-term investor.

 

QE2 is positive for stock market, not negative. Whether it is positive for economy in the long run or not I cannot say.

Yes weakening US dollar and thus strengthening Indonesian dollar is bad for business for the palm oil producers. But I am not sure how this is going to affect Golden Agri's results yet. Have to do more research.

bladez87      ( Date: 30-Oct-2010 22:26) Posted: BT u using RSS feed right? i not going to get involved for ocbc and uob trading. thomson is tempting, but chances are the price will be around the take over offer. not to mention now the world economy quite shaky, with the dollar printing more money and flooding the market, i am thinking that another crisis will happen again. with indoagri doing so badly, it is no wonder goldenagri fell so much. people must be thinking it is suffering from forex losses like indoagri. initially i wanted enter goldenagri, now also a little worried about their forex.

 

i also think if ocbc opens with good results, chances are people will buy ocbc and uob will not be that sustainable. profit taking possible too on uob. 

if ocbc does not fare well, then uob will continue soaring and ocbc will die jialat jialat. 

am thinking to fund the MF global account, just to be prepared to short weak reports. i suspect, goldenagri will be in a selldown position, until results release, and if same case as indo, then panic selling will occur.

 

BT u using RSS feed right?

i not going to get involved for ocbc and uob trading. thomson is tempting, but chances are the price will be around the take over offer.

not to mention now the world economy quite shaky, with the dollar printing more money and flooding the market, i am thinking that another crisis will happen again.

with indoagri doing so badly, it is no wonder goldenagri fell so much. people must be thinking it is suffering from forex losses like indoagri. initially i wanted enter goldenagri, now also a little worried about their forex.

 

ya. i also saw that the reversal happened after the results were released.

to which i am curious, were the market sentiments on uob so bad, that they actually sell down for 3 days prior to the release of the results?

 

Hi Pharoah you are online!

Yes you got it, see that spike at 2pm? 

 

the  SPREAD  was  qUIte  thIn  ?

pharoah88      ( Date: 30-Oct-2010 22:13) Posted: Friday: 29 10 2010  CLOSING pharoah88      ( Date: 30-Oct-2010 22:05) Posted: