Investment Talk

[mrlazy]

Berkshire B 50-for-1 stock split

everyone can afford to have a piece of buffett now

[CMYRS]

Here comes the pop

 

Dow -221.36 -2.09% 10,381.79

NASDAQ -29.38 -1.28% 2,261.87

S&P -21.33 -1.87% 1,116.71

Edited January 21, 2010 by CMYRS

[DeusExMachina]

Well, shiat....

 

I hope the STI doesn't end in a bloodbath tomorrow....

[joekia]

Time to burst the hopeful bubbles of people who think it's "easy money" !! Hang on tight!!!

[DeusExMachina]

Hmmm... Obama's announcement sent jitters thru the market today.

 

But we seem to have rebounded back mostly at the end.

My counters got raped initially, then returned to break even with opening figures.

 

What will Monday bring?

[Throttle]

good thing, most of my counters went up or remain very firm .

 

M1

Singpost

Singtel

ST Eng

Cityspring

SATs

 

i'm left with mostly defensive stuff and some quick wins which i havent taken profits yet.

 

Suntec reit

Macquarie Infra

SGX

Keppel Corp

[Cardtac09]

Hmmm... Obama's announcement sent jitters thru the market today.

 

But we seem to have rebounded back mostly at the end.

My counters got raped initially, then returned to break even with opening figures.

 

What will Monday bring?

 

Hmmm.. currently almost all indices on the other side of the globe is red... totally red... even the high is red in colour..

 

Sighs! will be quite sad to see a red monday... was hopping i cld make quick buck over yesterday market so i can purchase a N97 over the weekends.. Sighs! guess gotta stick to my old phone for a while longer!..

[joekia]

Tiger airways for the Tiger year! Hoseh.. Earn money buy Tiger at coffeeshop~

[CMYRS]

POP No. 2

 

Dow -186.22 -1.79% 10,203.66

NASDAQ -57.85 -2.55% 2,207.85

S&P -22.42 -2.01% 1,094.06

 

Hell Hath No Mercy

 

 

Closing real low nights in a row so quickly after a "recovery" is just a plain n obvious indicator of things to come.

Edited January 22, 2010 by CMYRS

[cougar]

just trying to understand the relationship between production peak, inventories & crude prices. of coz that will also help to decide if i should go pickup Oil related ETF

 

i thought surplus inventories would soften the crude prices

while peak meaning the supply is reaching it's limit, and if demand go up, so will the crude prices and so on ...

 

(pls correct me if I'm wrong)

 

Yes i agree on this, seems to be surplus, and production order is still slow. Seems manufacturers havent found which region really taking in major orders, everywhere is hold and see. All recent news of automobile shuts downs materialised, and no visible market to sustain existing plants, much less talk about opening new plants. Thats why i dont see the source of the market rally. Its like year end hit-and-run event only. After that, back to recession again,aka a W recession.

[DeusExMachina]

Tiger airways for the Tiger year! Hoseh.. Earn money buy Tiger at coffeeshop~

 

Weak opening compared to CMA.

It even dipped below offer price once.

Look at Tiger's sheets. They're mostly red.

 

A lot of ppl who applied for and got their shares might just sell at the opening hype for a quick buck.

[nkan0]

KEY Resistance levels:

DJIA: 10,590

S&P500: 1144

 

Well, we've seen the reactions to those numbers over the past 3 days.... more to come... its SHORTING Season!!!

[mrlazy]

Yes i agree on this, seems to be surplus, and production order is still slow. Seems manufacturers havent found which region really taking in major orders, everywhere is hold and see. All recent news of automobile shuts downs materialised, and no visible market to sustain existing plants, much less talk about opening new plants. Thats why i dont see the source of the market rally. Its like year end hit-and-run event only. After that, back to recession again,aka a W recession.

 

just my personal view, i think it's still too early to tell if there will be W recession. i believe market rally becoz of investors optimism

 

- lots of M&A still ongoing so I think this will kicking out those badly managed ones

 

china story

- moving away from export dependence industry

- branding

- create more domestic consumption

- more spending on food, energy & infrastructure needs

 

alot more info to digest ... Burp!

[CMYRS]

just trying to understand the relationship between production peak, inventories & crude prices. of coz that will also help to decide if i should go pickup Oil related ETF

 

i thought surplus inventories would soften the crude prices

while peak meaning the supply is reaching it's limit, and if demand go up, so will the crude prices and so on ...

 

(pls correct me if I'm wrong)

 

 

just to simplify matters

 

currently production capacity is about 75%

but this figure is artifical for the fact that many rigs are shut down or shelved for maintenance

 

surplus inventories does bring crude prices but the energy mkt is also made up of RBOB, heating oil, kerosene, jet fuel and other forms of distillates which have direct impact on the price of crude.

 

so when EIA reports an increase in crude stocks by say 2.8 million barrels, you would expect to see a drop in the price.

but if distillates like heating oil and diesel, drops by 3 million barrels, instead of analysts' expectations for a 1.5-million-barrel increase. the price will rocket.

 

these wkly figures change according to seasonal demand, PADD levels, floating storage and such.

 

its actually hard to give u a clear picture without going to detail.

[DeusExMachina]

KEY Resistance levels:

DJIA: 10,590

S&P500: 1144

 

Well, we've seen the reactions to those numbers over the past 3 days.... more to come... its SHORTING Season!!!

 

There's only 2 things I wish for the market.

 

No. 1.

SGX implements T+1 to kill all the contra muthafukkas.

 

 

No. 2.

SGX follows suit with this if and once the SEC approves the below.....

 

SEC May Approve Restrictions on Short Sales When Stocks Plunge

 

By Nina Mehta

 

Jan. 23 (Bloomberg) -- Concern that short-sellers accelerate stock declines may prompt the Securities and Exchange Commission to adopt a rule next month aimed at curbing bearish bets when equities are plunging.

 

The regulation would require the trades be executed above the best existing bid in the market when shares fall 10 percent in a day, said Brian Hyndman, the senior vice president in transaction services at Nasdaq OMX Group Inc. In a short sale, an investor borrows an asset and sells it, hoping to profit from a decrease by repurchasing it later at a lower price.

 

Forcing short sellers to wait for a stock to rise above the best price bid may prevent them from flooding the market with sell orders and causing losses to multiply. Some exchange officials say the restrictions known as uptick rules don’t work, citing studies that show they may be less effective during panics that drive prices down and volatility up.

 

“There is no empirical data to support the introduction of a new rule,” Hyndman said yesterday at a securities industry conference in Chicago. “But this is the least intrusive of the proposals the SEC was considering.”

 

Hyndman expects the SEC to adopt a so-called alternative uptick rule that includes a 10 percent trigger, changing regulations that were eliminated from U.S. markets in 2007. The commission asked the public last April to comment on strategies to cushion the impact of short selling following criticism that hedge funds and other speculators used trading tactics to deepen market retreats that began in 2008.

 

SEC spokesman John Heine declined to comment.

 

Computer Upgrades

 

The Standard & Poor’s 500 Index dropped 9.1 percent in September 2008 after New York-based Lehman Brothers Holdings Inc. filed the biggest-ever bankruptcy. The SEC implemented a ban on short selling more than 900 financial stocks that month after Morgan Stanley Chief Executive Officer John Mack and New York Senator Charles Schumer blamed the practice for driving companies to the brink of collapse.

 

The implementation date for the new rule is likely to be later in the year, according to Hyndman, who didn’t say what he was basing his estimate on. He said exchanges and brokers will probably have 180 days to upgrade their computer systems to accommodate the regulation.

 

Nasdaq in New York, Kansas City-based Bats Exchange and Jersey City, New Jersey-based Direct Edge Holdings LLC, which operates two alternative trading centers, have told the SEC that no new restrictions on short selling are needed. Paul Adcock, executive vice president in charge of trading at NYSE Arca, a unit of New York-based NYSE Euronext, said that while most exchanges oppose a new regulation, it’s probably inevitable.

 

Potential Impact

 

“Because the politicians and the public are all banging the drums, we’re not going to get away with this one,” Adcock said about the reluctance of exchanges to support new short- selling restrictions.

 

The SEC discussed the potential impact of such a rule when it proposed the alternative uptick last August. Because it would restrict short selling more than other proposals being considered, the regulation might “lessen some of the benefits of legitimate short selling, including market liquidity and pricing efficiency,” the commission said.

 

When the SEC proposed the alternative uptick rule, it said it would be easier for exchanges and brokers to implement than the former regulation that operated on the New York Stock Exchange for almost 70 years before its removal in 2007. That rule would no longer make sense in a marketplace of automated trading, the commission said.

 

No Trigger

 

The rule was proposed to the SEC last March by NYSE Euronext, Nasdaq, Bats and the Chicago-based National Stock Exchange. NYSE Euronext last June said it preferred a different bid test with no 10 percent threshold.

 

NYSE Euronext’s Adcock raised concern at yesterday’s conference that so-called circuit breakers setting off the restriction might keep stocks from falling as much as they should when a company reports bad news.

 

“Do you trigger the 10 percent when the stock should be trading down?” Adcock said. The trigger would be mandated uniformly across trading venues when a stock declines by the specified percentage.

 

Daniel Aromi and Cecilia Caglio, economists at the SEC in Washington, said in a December 2008 report to former Chairman Christopher Cox that even with uptick rules in place, short sellers in a simulation executed trades 25 percent faster on average when stocks plunged than when prices were steady.

 

To contact the reporter on this story: Nina Mehta in New York at [email protected].

Last Updated: January 23, 2010 00:00 EST

[nkan0]

There's only 2 things I wish for the market.

 

No. 1.

SGX implements T+1 to kill all the contra muthafukkas.

 

 

No. 2.

SGX follows suit with this if and once the SEC approves the below.....

 

SEC May Approve Restrictions on Short Sales When Stocks Plunge

 

By Nina Mehta

 

Jan. 23 (Bloomberg) -- Concern that short-sellers accelerate stock declines may prompt the Securities and Exchange Commission to adopt a rule next month aimed at curbing bearish bets when equities are plunging.

 

 

 

Daniel Aromi and Cecilia Caglio, economists at the SEC in Washington, said in a December 2008 report to former Chairman Christopher Cox that even with uptick rules in place, short sellers in a simulation executed trades 25 percent faster on average when stocks plunged than when prices were steady.

 

To contact the reporter on this story: Nina Mehta in New York at [email protected].

Last Updated: January 23, 2010 00:00 EST

 

I'm not sure about SGX, but what I can say is, short-sellers provides liquidity to the markets, not just that, they reflect one face of the reality of things. Banning short-sellers... similar as going to the votes, and all U see in the list of choices is "PAP" only

 

anyway, to implement the uptick rule after a 10% drop in 1 day!???

 

hahahaa.... if the mkt drops 10% in 1 day, all the Futures Traders would have looooong exited their shorts, and popping champanges in the Bars... long gone before the 10% limit is breached....

[mrlazy]

just to simplify matters

 

currently production capacity is about 75%

but this figure is artifical for the fact that many rigs are shut down or shelved for maintenance

 

surplus inventories does bring crude prices but the energy mkt is also made up of RBOB, heating oil, kerosene, jet fuel and other forms of distillates which have direct impact on the price of crude.

 

so when EIA reports an increase in crude stocks by say 2.8 million barrels, you would expect to see a drop in the price.

but if distillates like heating oil and diesel, drops by 3 million barrels, instead of analysts' expectations for a 1.5-million-barrel increase. the price will rocket.

 

these wkly figures change according to seasonal demand, PADD levels, floating storage and such.

 

its actually hard to give u a clear picture without going to detail.

ooooo I thought heating oil & diesel considered another asset class ... thanks for enlightening this mountain tortoise

 

trading commodities looks sooooo complicated!

[CMYRS]

ooooo I thought heating oil & diesel considered another asset class ... thanks for enlightening this mountain tortoise

 

trading commodities looks sooooo complicated!

 

HO, RBOB like the rest are classed under energy.

 

many others include nat. gas futures, penultimate swaps, henry hub, pjm western hub peak swap futures, wti on ICE platforms and also brent, ethanol fwd mth swaps and countless others.

 

guess if u look deep enough into anything, it will get complicated

[Cardtac09]

Hmmmmmm.... things are looking way better on the other side of the earth...

 

will we be seeing more greens tml?

 

really hope so... im one of those contra fellows

 

haha, Cheers guys!

[CMYRS]

Dow +52.90 +0.52% 10,225.88

NASDAQ +9.32 +0.42% 2,214.61

S&P +7.76 +0.71% 1,099.52

 

where's my rebound after 3 days of free falling?!

 

is the mkt on its toes ahead of the FOMC that begins today?

meaning further black candles expected?

[DeusExMachina]

Red red red today. Big selldown.

[joekia]

Weak opening compared to CMA.

It even dipped below offer price once.

Look at Tiger's sheets. They're mostly red.

 

A lot of ppl who applied for and got their shares might just sell at the opening hype for a quick buck.

 

 

Why u think sit at coffeeshop drink tiger instead of going to winebar for redwine? coz earn abit of spread only la.. Duh...

[joekia]

Anyway, it was an anticipated and healthy pull back no? Hope non of u fellas here are stuck in there heavily...

[DeusExMachina]

Anyway, it was an anticipated and healthy pull back no? Hope non of u fellas here are stuck in there heavily...

 

Not stuck. Just reduced profits.

 

So I'll wait for it to recover then sell.

[DeusExMachina]

Why u think sit at coffeeshop drink tiger instead of going to winebar for redwine? coz earn abit of spread only la.. Duh...

 

Yup. It's a bad buy. I skipped this IPO.