ISM services report showed a big slowdown in the services sector of the economy and it showed business activity falling in January for the first time in five years. Market sentiments was really negative. Is it another hint of a recession?
DOW - 370.03 NASDAQ -73.28 S&P -44.18
Hopefully, DOW will not close below 12,100 by end of the week or else technically it looks pretty bad and more selling will come. Scary............................
Will ASIAN Market open lower on Wall street's fall? Obviously. NIKKEI -368 and it might even drop further and test 13,000.
For STI, I just hope it won't go down and close below 2,960 level. Today is just half day trading, hopefully the Bull can still fight with the Bear. :)
HAPPY CNY 2008. HUAT HUAT HUAT ARH!!!!!!!!!!!!!!!!!!!!!!!
Wednesday, February 6, 2008
Tuesday, February 5, 2008
DOW JONES WEEKLY CHART
What chart pattern is seen from this chart? Is it a good or bad sign? Most of us have been talking about technical analysis and chart patterns every day but not many understand it.
Basically the chart above is a head and shoulder reversal pattern forms after an uptrend. This pattern is one of the most common reversal patterns Before we discuss further on the above chart, let's learn about HEAD & SHOULDERS REVERSAL PATTERN.
FOR YOUR LAUGH ~ LITTLE JOHNNY
Little Johnny's next door neighbour had a baby. Unfortunately, the little baby was born with no ears. When they arrived home from the hospital, the parents invited Little Johnny's family to come over and see their new baby.
Little Johnny's parents were very afraid their son would have a wise crack to say about the baby. So, Little Johnny's dad had a long talk with Little Johnny before going to the neighbours. He said, "Now, son...that poor baby was born without any ears. I want you to be on your best behaviour and not say one word about his ears, or I'm really going to spank your butt when we get back home." "I promise not to mention his ears at all," said Little Johnny.
At the neighbour's home, Little Johnny leaned over the crib and touched the baby's hand. He looked at it's mother and said, "Oh, what a beautiful little baby!" The mother, who had braced herself for Johnny's comment, was pleasantly surprised and said, "Thank you very much, Little Johnny."
He then said, "This baby has perfect little hands and perfect little feet. Why, just look at his pretty little eyes! Did his doctor say he can see good? The mother a bit bewildered, hesitantly replies "Why, yes... his doctor said he has 20/20 vision, why do you ask?"
Little Johnny said, "Well, it's a good thing, cause he'd be f**ked if he needed to wear glasses"
Huat arh!!!!!!!!!!
Monday, February 4, 2008
STOCK WATCH ~ HLN TECH (CURRENT PRICE $0.340)
BACKGROUND
HLN Tech offers a wide range of industry solutions covering precision rubber components, polymeric die-cutting, precision machined and turned parts, name-plates and aluminium parts.The group organizes its business structure into three business unites to serve its customers, which are primarily located in Southeast and North Asia.
NAV : $0.202
Current price: $0.340
HLN Tech upgraded to SGX mainboard on 22 Jan 2008.
I believe some of you remember when HLN Tech price suddenly surged up to $0.495 on 12 Dec 2007 (it even hit $0.58 on 28 Dec 2007). After closing, there was a SGX query regarding trading activity. You can see their response from http://www.sgx.com/ which basically mentioned that they have been approached by a party expressing verbal interest in the company.
They also requested a trading halt on 13 Dec 2007. They made announcement that the company is still in discussions with a third party in connection with a potential acquisition of the entire issued ordinary share capital of the company. :) Interesting right?
Then what happened next? The Board of Directors made a clarification regarding an article "HLN in talks with potential buyer" published in The Edge Singapore, which the article commented that there is a buyout offer on the table but the CEO was not interested to sell. HLN again emphasized that there are only preliminary discussions with the third party. What does it mean? Is buyout offer still possible?
* HLN targets to be China's largest alumunium service center by 2010.
* HLN announce that their 3rd Q sales set to soar with S$20m orders (exceeded 80% of FY2006 revenue)
* There was a placement at $0.55, Blackhorse Asset Management, JL Capital and Schroder Investment were some of the subscribers. (Current price $0.34 is about 40% discount)
* HLN expected to hit $50m revenue for FY2007. By saying that, they were confident even though HY2007 revenue was just $22.4m. Can they achieve that?
Considering all the factors above, do you think this company is worth buying?
STEADY BULL RECOMMENDATION
Fundamentally, it's not really cheap as currently there are so many fundamentally good stocks with an attractive price stocks around. Even though they can achieve $50m revenue for FY2007, the PE is still around 7x.
The only thing make this HLN interesting is the discussions with third party. When the discussion end? Will there be a buyout offer? So, can we speculate on this now?
SB recommends to BUY if there is any surge in price and volume which mean it breaks $0.355 with a volume at least 2m. HUAT ARH!!!!!!!!!!!!!!!!!!!!!!!!! GONG XI FA CAI 2008
HLN Tech offers a wide range of industry solutions covering precision rubber components, polymeric die-cutting, precision machined and turned parts, name-plates and aluminium parts.The group organizes its business structure into three business unites to serve its customers, which are primarily located in Southeast and North Asia.
NAV : $0.202
Current price: $0.340
HLN Tech upgraded to SGX mainboard on 22 Jan 2008.
I believe some of you remember when HLN Tech price suddenly surged up to $0.495 on 12 Dec 2007 (it even hit $0.58 on 28 Dec 2007). After closing, there was a SGX query regarding trading activity. You can see their response from http://www.sgx.com/ which basically mentioned that they have been approached by a party expressing verbal interest in the company.
They also requested a trading halt on 13 Dec 2007. They made announcement that the company is still in discussions with a third party in connection with a potential acquisition of the entire issued ordinary share capital of the company. :) Interesting right?
Then what happened next? The Board of Directors made a clarification regarding an article "HLN in talks with potential buyer" published in The Edge Singapore, which the article commented that there is a buyout offer on the table but the CEO was not interested to sell. HLN again emphasized that there are only preliminary discussions with the third party. What does it mean? Is buyout offer still possible?
* HLN targets to be China's largest alumunium service center by 2010.
* HLN announce that their 3rd Q sales set to soar with S$20m orders (exceeded 80% of FY2006 revenue)
* There was a placement at $0.55, Blackhorse Asset Management, JL Capital and Schroder Investment were some of the subscribers. (Current price $0.34 is about 40% discount)
* HLN expected to hit $50m revenue for FY2007. By saying that, they were confident even though HY2007 revenue was just $22.4m. Can they achieve that?
Considering all the factors above, do you think this company is worth buying?
STEADY BULL RECOMMENDATION
Fundamentally, it's not really cheap as currently there are so many fundamentally good stocks with an attractive price stocks around. Even though they can achieve $50m revenue for FY2007, the PE is still around 7x.
The only thing make this HLN interesting is the discussions with third party. When the discussion end? Will there be a buyout offer? So, can we speculate on this now?
SB recommends to BUY if there is any surge in price and volume which mean it breaks $0.355 with a volume at least 2m. HUAT ARH!!!!!!!!!!!!!!!!!!!!!!!!! GONG XI FA CAI 2008
Sunday, February 3, 2008
LEARNING CORNER
SOFT LANDING
Do you all understand the reason behind FED increased interest rate since Oct 2004 until Jul 2006? One of the reason is the economy was growing at strong rate and FED try to make a soft landing by raising interest rate to slow the economy down and prevent it fall into recession and also avoid a high inflation. This term is called SOFT LANDING.
Mr. Greenspan was known as a master at the soft landing.
How about the time when FED keep cutting the rate since mid of 2007? Is it the sign of recession? :)
Do you all understand the reason behind FED increased interest rate since Oct 2004 until Jul 2006? One of the reason is the economy was growing at strong rate and FED try to make a soft landing by raising interest rate to slow the economy down and prevent it fall into recession and also avoid a high inflation. This term is called SOFT LANDING.
Mr. Greenspan was known as a master at the soft landing.
How about the time when FED keep cutting the rate since mid of 2007? Is it the sign of recession? :)
US KEY ECONOMIC DATA DUE NEXT WEEK
Monday, 4 Feb 2008
- December Factory order
Tuesday, 5 Feb 2008
-Retail Chain Index
-ISM Services
Wednesday, 6 Feb 2008
-4Q Productivity
-4Q Unit labor cost
Thursday, 7 Feb 2008
-Jobless claims
-December Consumer Credit
Friday, 8 Feb 2008
-December Wholesale inventories
BDV-911789-BDV
- December Factory order
Tuesday, 5 Feb 2008
-Retail Chain Index
-ISM Services
Wednesday, 6 Feb 2008
-4Q Productivity
-4Q Unit labor cost
Thursday, 7 Feb 2008
-Jobless claims
-December Consumer Credit
Friday, 8 Feb 2008
-December Wholesale inventories
BDV-911789-BDV
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