Dayang Ent. Hldgs - another blowout artistes ?

Dayang may be getting ready for a blowout soon. Its daily MACD is near its zero signal line and my proprietory Blowout indicator is below its zero signal line and its Bollinger Band has been squeezing beautifully for the past weeks. All are hinting fpr something BIG to come. Of course by BIG, we could NEVER sure whether it is a down or up, so I would watch 0.84 for a successful close before taking any action.

Go read the disclaimer

DAILY BULLISH LIST 3/3/09

Name	VOLUME	HIGH	TREND 1	TREND 2	Symbol
FBO	15441.0000	0.0950	1.0000	1.0000	FBO
Hunza	11780.0000	1.3000	1.0000	0.0000	HUNZPTY
PREMIUM	7360.0000	0.1750	1.0000	0.0000	PREMIUM
ASIA-BIOENERGY	3746.0000	0.2800	1.0000	1.0000	ASIABIO
Shell	3178.0000	9.1500	1.0000	1.0000	SHELL
BritishAmerican	2952.0000	44.7500	1.0000	0.0000	BAT
GuinnessAnchor	1491.0000	5.4500	1.0000	1.0000	GUINESS
FOREMOST-W130826 Go read disclaimer	1160.0000	0.0900	1.0000	0.0000	FORMOST-WA

幸福是什麼 ?

> 幸福就是 2008 年 ....
> 元旦沒進烏魯木齊
> 二月沒去柳州
> 三月沒逛拉薩
> 四月沒到山東
> 五月沒在汶川
> 六月沒在貴州甕安
> 七月沒在上海當警察
> 八月沒在新疆當兵
> 九月沒有到山西襄汾看潰壩
> 當然最幸福就是今年沒進股市
> 否則寶馬進去，自行車出來
> 西服進去，三點式出來
> 老板進去，打工仔出來
> 站著進去，躺著出來
> 牽著狗進去，被狗牽出來
> 總之，就是地球進去也是乒乓球出來
> 其實那些都沒啥
> 更值得慶賀的
> 也就是天大的幸福
> 就是你已經長大了
> 不用天天喝三鹿了 ！

Mad magazine going, going, gone ?

I was a devout MAD fan during my high school days (late 60's and early 70's). I placed an order with the local book shop to keep a copy for me each month. As I came out from school, somehow I lost interests in this magazine. Maybe it was because my interest was already heavily inclined towards soul music that I began to subscribe and read a few music magazines every month.

But it is still so sad to know that the Mad magazine has also fallen to bad times and they are downsizing (a fashionable phrase these days) by cutting their staffs and frequency of publishing from monthly to quarterly. Other formats like books are also ceased.

The picture shown here was a 1959 cover which was intended to be funny.But it turns out to be so irony on their current cutbacks.

More good money after the bad ?

An alternative title:- "Will Citi be here next month?"

Malaysians have always held the kiashu land in awe. Many of us think they have the brightest brains and hence they can can do no wrongs. But now we know they often are just like us - talking loud and talking trash. Their GIC and Temasek had been doing 'greatly' not because they are smart but merely because the great bull market of the last decades had covered up their bad investment decisions. But now with the current great financial crisis, their black backsides are beginning to show :-


GIC and Temasek have put a combined total of more than US$30 billion of Singaporeans' wealth at risk — GIC has bet $6.9 billion on Citibank and $9.7 billion on UBS, while Temasek has bet $4.4 billion on Merrill Lynch and $9.2 billion on Standard Chartered.

ABOUT a year ago, when deputy chairman Tony Tan talked about the Government of Singapore Investment Corp’s (GIC) daring step into struggling American banking giant Citigroup, he pointed out how the deal to inject US$6.88 billion ($10.7 billion) contained “appropriate downside protection”. Memorably, he said that if one took care of the downside, the upside would take care of itself.
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On Friday, GIC showed how it had mustered sufficient clout to receive sweeteners under a new Citi deal involving the United States government — but not without meeting with fresh risks.
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In a move aimed at bolstering Citi’s capital base to win back market favour, the US government and several big investors will convert their preferred shares into common stock at US$3.25 apiece. For GIC, that’s a huge discount to the price of US$26.35 it would have had to pay for the conversion under the original terms of its January 2008 investment.
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As a result, GIC’s stake will be about11 per cent — making it Citi’s No 2 shareholder after the US government raised its stake to 36 per cent from 8 per cent — without having to fork out extra cash. That is significantly higher than the 4-per-cent stake that GIC had first secured in what was once the world’s biggest financial institution.
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“Due to the challenging economic climate, the profitability of US banks is likely to be impaired in the next two years,”GIC group chief investment officer Ng Kok Song said on Friday night. “Adequate capitalisation will help cushion against larger-than-expected losses, should they occur.”
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At the same time, the new deal appears to have reduced GIC’s paper losses.
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According to sources familiar with the transaction, GIC has an unrealised loss of about US$5.5 billion ($55,000,000,000.00), as its preferred shares are now worth a mere US$1.4 billion in the market. With the conversion, GIC would be holding common stock valued at about US$5.2 billion, based on Thursday’s closing price of US$2.46 per share. This translates to a paper loss of about US$1.68 billion.
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But on the flip side, GIC will no longer be a preferred shareholder entitled to an annual dividend of 7 per cent — a relatively attractive rate given the jittery environment.
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Citi said on Friday it would suspend its dividend programme. Should a liquidation occur, common stockholders will be last in line.
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Also, the Singapore sovereign wealth fund will have to watch its investment swing with the gyrations in the stock market. A year ago, Citi’s stock was trading above US$20. Last week, it crashed to below US$2, a level not seen in 18 years.
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GIC’s Mr Ng is looking long-term. The latest move, he said, would “enable Citigroup to exploit the earning power of its unique business franchise when the world economy recovers”.
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Some market analysts frowned on the US government’s unprecedented decision to become the biggest shareholder of an American bank. “We’re talking about a form of nationalisation, and to the extent that the market is going to accept it,” Mr Peter Kenny, managing director of Knight Equity Markets in New Jersey, told the BBC.
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The early-morning news out of New York caused financial stocks to fall, as investors fretted over which other banks might see similar action, which would dilute current shareholders.
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How Citi will evolve as a corporate animal under major government ownership is a hot topic. Already, the bank is overhauling its board so it will have a majority of new independent directors, Citi said on Friday.
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“It’s just unbelievable,” Mr David Rovelli, managing director of US equity trading at Canaccord Adams told Bloomberg.
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He added: “The government is making up the rules as they go. A continued breakup is probably in the cards.”
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Citi is declaring it is business as usual. “The transaction does not change Citi’s strategy, operations or governance,” the bank’s chief Vikram Pandit said on Friday.

CPO 3/3/09 - Explsoive move to come too?

This market is another tough cookie. Like I noted last week - the trend is gone and all we have a listless market. The daily ADX has turned flat again and stucked at the 20's level for days. Again we would concentrate on the Stochastic for any new signal. I would only treat the new signal as a minor one. As for the position traders, do nothing for the while now.

I have drawn out 2 horizontal lines to mark out the range. I will only get serious once we see a breakout.

The weekly chart is showing us all the classical trendless signs:- the Bollinger Band's squeezes; the D+ and D- are wriggling each other in and out and a fast falling ADX. With price is still manage to stay above the upper Bollinger Band and both the MACD and Stochastic still positive and rising, so I remain cautiously bullish on this market too. But at this moment I would just wait.

Like KLOFFE, whatever CPO does next will be explosive.

FKLI 2/3/09 - Big moves to follow ?

The daily ADX continues to fall and last gone to 9's and the Bollinger Band continues to squeeze. If you are those position traders, I would advice you to stay aside first until a more significant signal come forth. But if you really want to trade , then you should watch what the Stochastic would do next for a new signal. But I must warn you that with such a lowly ADX, you most probably would find it difficult to make a decent profit from the trades.

I have marked out 2 horizontal lines to watch out for any breakouts before deciding which side of a trade to take.

On the weekly chart, both the Stochastic and the MACD continue to be positive and rising which should be telling us this market is still bullish biased. But mirroring its daily chart, the weekly Bollinger Band has begun to squeeze. This is confirming to us that there is no trend in this market. If you have been following my past essays , you would know I always get excited whenever I see a Bollinger Band squeezing. This is because the squeeze usually forewarning us that a major move is in waiting. But at this time, I will sit quietly and wait. The wait will probably end when I see the weekly closing above the upper Bollinger Band of 903, but I would prefer it to close above its previous weekly high of 906.

On the coming week, DPM will announce his mini budget which I doubt very much he can deliver much surprises other than the usual public projects spending, a little cut here and there. But the local funds will most probably react to this. So sit tight, you should stick to what the charts are telling us for your next course of action and ignore the market 'experts' analysis.