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China Coal Mine Explosion in Henan Kills 35 People (Update2)
By Bloomberg News
Sept. 8 (Bloomberg) -- A gas explosion at a coal mine in China’s central Henan province left 35 people dead and 44 people trapped, the government’s work safety bureau said.
“Rescue work is still undergoing,” the State Administration of Work Safety said in a statement today. The government has ordered a nation-wide check on work safety measures after the accident, the official Xinhua News Agency reported today, citing a circular from the administration.
China relies on coal to generate 80 percent of its electricity. The country’s coal mines are the most deadly in the world, with 3,770 workers killed in 2007, more than 100 times the number of fatalities in the U.S., the second-largest producer, according to official data.
Ninety-three people were working underground at the mine in Pingdingshan city when the accident occurred at around 1 a.m. local time, Xinhua said in a separate report earlier today, citing an unnamed provincial government spokesman. Fourteen managed to escape, it said.
The coal mine was undergoing an overhaul and hadn’t been allowed to resume production by the municipal government, according to the report. A team led by Luo Lin, the head of the safety bureau, was set up to assist onsite rescue, the authority said in its statement today. The mine, which belongs to the local province, has an annual capacity of 150,000 metric tons, it said.
The Chinese government has intensified checks on as many as 10,000 coal mines since February after 74 were killed at a shaft in northern China’s Shanxi province. The nation’s small, privately run mines tend to prioritize output over work safety to meet rising fuel demand in the world’s third-biggest economy.
Huang Yi, the spokesman for the safety bureau, wasn’t immediately available for comment when contacted by Bloomberg News.
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Last Updated: September 8, 2009 01:05 EDT
im serious, u q big at 0.05, than q sell, u still can make big bucks out of it.. but the thing is u have to get it at 0.05. even at 0.055 the chances to earn at this moment is not easy
dealer0168 ( Date: 05-Sep-2009 19:04) Posted:
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Wow than this people meh you da zi leh. Should aim high high.....hahaha
freeme ( Date: 04-Sep-2009 20:20) Posted:
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Bo bian.. too many shares ard.. Just q big at 0.05 n hope its dump to you. Then q selling again on 0.055.. Stil can earn in short term ;)
dealer0168 ( Date: 04-Sep-2009 19:00) Posted:
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Don't know which joker everytime, make it down at close............sian. Seem like everyday....repeat n repeat......
Wasting people time leh.
You are saying catch the knife when it is falling? Tell me which is the cheapest price to buy, you are at a lost, any1 can say only but cannot get it. I want to buy DBS at 10 dollars, but when it was there can I get it, is one question. Actually long term wise, you don't even care about the price movements. You start from a base price you are comfortable with, then build up on this base. Every Monday of the new month or every Friday of the new month, you collect regardless of the price trading at that time, of course the cheaper the better, but you cannot guarantee that. Nevertyheless in the end you still are not worse off than that guy who choose to buy cheap all the time, because this is working on the principle of averages.
I will propose the idea of setting a TP for yr investment instead. Need not invest so many times................
Unless the share value drop, than u load somemore to average. If not, there is no necessities to do it monthly/ weekly/......
N preferable not to put all eggs in one basket.
Cheers, n trade with care.
keepnosecrets ( Date: 04-Sep-2009 08:51) Posted:
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I have no bad feeling abt this counter but im against your way of investings.. if forumer wants to follow his way, just becareful.
of cos long term, this counter still gt its value..
keepnosecrets ( Date: 04-Sep-2009 09:14) Posted:
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Don't forget that if you buy evrything in one go, you will miss out opportunities elsewhere if there is one around. So buy at intervals give you the chance to feel the situation. Lets face it, you might even discard your original plan. Few people will hold a counter very long and once there is some profit they tend to take it. I not refer to TA specialists who trade according to charts, buy and sell at signals telling them to do so. Only FA people keep their shares longer, because they don't care about the intermittent "noises" in the market.
It is around $250 per 100 lots, missed out what i wanted to say, it will total $900 if the price did not move at all. It could be higher than that if the share price increases along the way. But the min should range between $250 to $300 per 100lot because once the transaction exceeds the treshold, it is calculated by percentage. But don't bother too much about commissions if you are earning from the price increase. Do you know that on a certain month, my trades totalled more than a million dollars, and if I worry too much about the broker making money from me, than I can't trade that much in order to make money. One million bucks in and out, but it is the markets money.
edskh78 ( Date: 04-Sep-2009 09:26) Posted:
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Every buy transaction there will be a minimum brokerage fee of $25 for us, retail investors. So please do your sum for 36 months * $25 = how much and this has not included all the clearing fee, access fee and GST.
How did you arrive at $250 for 3 years?
keepnosecrets ( Date: 04-Sep-2009 08:59) Posted:
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good strategy for me
For newbies, please becareful of people with ulterior motives. There are stuck here and will be so for long. Maybe 3 years. So I will buy 10lots a month for the next 36 months until I accumulate 360 lots. It will cost abit if I buy all the 360 lots now. So I don't mind paying a little more commission since it is like installments. If after 3 years, this bugger becomes 20 cents, my profit not counting loss of interest is :
Buy at sliding up lowest: 5.5 ct to 20 cents, so on average = 12.75 cents x 360 lots =$45,900
Price after 3 years = 20 cents X 360lots = $ 72,000.00
Profit =$26,100. Not bad for 3 years and not too taxing on my finances to buy. Well you can say, stupid man, why don't buy now with only ard $20,000 for 360 lots.. you can make more. Who don't know. Can it go up 20 cents immediately or not? Also do I have so much many today to put in for 36 months? Surely no, my family will kill me. But slowly 3 years cost me 20K, definitely I can.
Only for newbies and not for smartalexes. Hahahaha.
It is true most of you will not buy slowly and always hope to strike it rich immediately. If you are a good trader you know it is impossible to make pennies stocks in short term, so either you shy away. But if you not confident of the future and as you said in 3 years, then you wait for 3 years, right? Wrong. You can buy with your spare money and not with your coffin money like most die-hard gamblers. So buying a little at a time amounts to saving for the longer term. Your brokerage is not heavy and is at best ard 250 bucks for 3 years. You can count or not?
Then why are you saying 3 years?
dealer0168 ( Date: 04-Sep-2009 07:59) Posted:
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I suggest you follow good advice to put evry single ct you have into it loh. Maybe your coffin money can go there to. Hahaha.
freeme ( Date: 04-Sep-2009 07:21) Posted:
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But fr long term, this one should UP. N the price should be a few times higher than current one.
But let hope there is no great depression next yr. If there is, than it will be difficult to say.
Haha, u right freeme. Bc what if after 36 mth, still at 0.05. Wow that time dui- sin - kua.
Cheers.
freeme ( Date: 04-Sep-2009 07:21) Posted:
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tats a lousy advise when u incur so much brokage charges liao..
keepnosecrets ( Date: 04-Sep-2009 01:05) Posted:
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If you gauge the longterm is good, then advisable to buy 10 lots every month for the next 36 months. By then you will scoop the gains and laugh to the bank.