Why Bond Analyst & Equity Analyst see thing differently?

Overstatement shocks analysts, Thursday May 31, 2007
PETALING JAYA: Most analysts were shocked to find the overstatement of Transmile Group Bhd’s revenue to be over RM300mil for the financial year ended Dec 31, 2006. “I’m speechless. I didn’t expect the figure to be so huge,” said an analyst who covered the stock. He said the overstatement was a serious accounting issue, which would raise doubts among investors. “Confidence in the company may drop as we cannot rely on them for accurate information,” he added. (Source: The Star)

Rating outlook revised from stable to negative, 25 November 2005
The change in outlook is premised on the Company’s weaker balance sheet and debt-servicing ability due to its expansion plan and heightened business risks. Although RAM is cognisant of the tremendous business opportunities offered by the Asia-Pacific routes, it is also noted that competition is stiff. At this point, it is premature to conclude whether Transmile will be able to secure sufficient and sustainable loads for its new aircraft in order to generate returns from its investment. RAM highlights that the MD-11s boast a capacity of 90 tonnes each, i.e. 4.5 times larger than the 20 tonnes of the Company’s intra-regional aircraft. (Source: RAM, Analyst: Wee Yee Tat)

Note: Mr. Wee Yee Tat, Bond Analyst for RAM should deserve a 5 STARS rating for downgrading the rating to negative back in 2005 while most equity analyst upgrading this co to strong buy. What puzzled me is that why bond and equity analyst will see thing differently? I think the key different is that bond analyst is more concerned with actual CASH and whether or not it is created out of air or airplane whereby equity analyst is more concerned with projected profit and RNAV figures. Bond analyst look from the past/historical pattern and predict into future event and equity analyst look into future event to predict the future. See the big picture? Happy reading.

Composite Index

KLCI to monitor 1319.14 & 1352.44 for direction. The hidden code is Thunder Over Lake. See the big picture? You tell me as my own answer will be as good as your own answer. Happy reading.

Composite Index

KLCI to monitor 1319.14 & 1352.44 for direction. Respect the market, don't negotiate your Stop Price and the trend is your friend.

CHINA'S GREAT DEPRESSION

Having recently completed Rothbard’s “America’s Great Depression”, I couldn’t help draw the parallels between America’s roaring 20’s and China’s roaring economy today, and I couldn’t help conclude that China will inevitably fall in a depression just like America did during the 1930s. The objective of this article is to present an Austrian argument as to why this must happen.

We should also consider another possible trigger for a bust, namely trade surpluses turning into trade deficits due to the accelerated rise of prices for resources, such as commodities, which China must import. Faced with trade deficits, China may decide to dishoard surpluses by selling U.S. government bonds, or it may decide to abandon its peg to the dollar. In either case, this will exacerbate the problems of the ailing U.S. economy, which in turn will boomerang back to China.

Finally, the bust may be triggered by a worldwide crisis in crude oil supplies. Peak oil supply is around the corner, if not already behind us, and Middle East or Caspian instability could sharply cut oil supplies. Historically, oil shortages and their concomitant rise of oil prices have always induced a recession. China’s growing dependence on oil ensures that should an oil crisis occur, it will slip into recession.

To summarize, the likely candidates for a trigger to the Chinese depression are (1) a worldwide currency, banking, or derivatives crisis, (2) a U.S. recession, (3) the containment of runaway inflation, (4) the disappearance of Chinese trade surpluses, and (5) an oil supply crisis. (read more...)

Turkish Delight - Salary Hike for Malaysian Civil Servants

KUALA LUMPUR, Malaysia (AP) - Malaysia's move to give civil servants a hefty pay rise will boost economic growth but could cause the budget deficit to rise for the first time since 1999, economists said Tuesday. A higher deficit however, suggests that the possibility of a cut in personal income taxes is "very small," Sia added. The government reduced corporate taxes last year. Despite the risk of a higher deficit, the impact on the real economy could be significant. Sia estimates the measure could add 5.4 billion ringgit (US$1.6 billion, euro1.2 billion) in consumer spending annually and lift GDP by 0.5 percentage point this year and 1 percentage point in 2008. The government forecast the economy to grow 6 percent this year. (read more...)

Technical Note: Technically this downward correction is weak unless it can be forced below 1319.14 water level. Remember the market made a U-Turn last Friday on 1319.75 level? See the big picture? I think The Prophecy of Narnia is for real? Happy rading.

Composite Index

KLCI to monitor 1352.44 for direction. Respect the Market and don't negotiate your Stop Price.

Edmund Pevensie & Turkish Delight

Edmund, who began to act meanly after attending a new school, was cruelly dismissive to Lucy when she first finds the entrance to Narnia through the wardrobe, and is the second of the Pevensie children to go to Narnia, after following Lucy to tease her. While there, he meets the White Witch and eats some enchanted Turkish Delight, which causes an addiction in the person who eats it. As a result, he promises the Witch that he will bring his siblings to her house, not knowing that she intends to kill them all to prevent the fulfillment of a Narnian prophecy. (read more...)

Technical Note: In the real world of stock trading, not sure what is this Turkish Delight really mean? Maybe as my old grandmother used to tell me, never take sweet from someone you don't know. Happy reading.

Composite Index

The first human that Tumnus meets is Lucy Pevensie, who finds her way into Narnia by a magic wardrobe. In an effort to gain her trust, Tumnus takes Lucy to his house where he serves her tea, sardines, and cakes. He tells her many stories of Narnia before the winter and plays his flute for her. His song magically lulls Lucy off to sleep, unaware of the danger that Tumnus intends. However, in a few hours, Lucy wakes up to find Tumnus crying. (read more...)

Technical Note: KLCI to monitor 1319.14 & 1352.44 for direction. Respect the market and don't negotiate your Stop Price. Maybe Tumnus is Alan Greenspan and Lucy is 1319.14 and Friday low was 1319.75 and The Chronicles of Narnia is prophecy or coincidence? You tell me because my answer will be as good as your own answer. Happy reading.

The Chronicles of Narnia - Chi Chi

63. Chi Chi - After Completion
Above: K'an The Abysmal, Water || Below: Li The Clinging, Flame

ZenTrader: I may or may not tell you why I post this posting. But if I post it here I hope that you can come here and read it. It is not about the Lion, the Witch and the Wardrobe but the land of Narnia. See the big picture? Happy reading.

Composite Index

KLCI to monitor 1319.14 & 1352.44 for direction. Respect the market and don't negotiate your Stop Price.

The Chronicles of Narnia: The Lion, The Witch and the Wardrobe

Hexagram 7. The Army
The army needs perseverance and a strong man. The great prince issues commands.

Hexagram 35. Progress
The powerful prince is honored with horses in large numbers. In a single day he is granted audience three times.

ZenTrader Note: My Yi Chart said DATUK SERI ANWAR IBRAHIM will be joined by a powerful prince and the prince will issue the command. I think this powerful prince refers to TENGKU RAZALEIGH HAMZAH? Can you unlock the hidden code? Happy reading.

Composite Index

It is important that KLCI to hold strongly above the key water level of 1352.44 today (Thur) and tomorrow (Fri) trading.

The Ties That Bind the Middle East and Asia

Combine these two factors and you have one of the most interesting capital shifts in the world economy. The economic linkages—capital, trade, and mergers and acquisitions between these regions have tightened dramatically this decade. Bilateral trade basically doubled to $240 billion during the first half of this decade.

China, meanwhile, is getting strategic investments from the Middle East to help upgrade its energy infrastructure. Dubai-based DP World is funding the $500 million development of a port in Tianjin, while a $5 billion refinery in the Guangdong province will be built by Kuwaiti investors.

Indeed, China likely will continue to be a money magnet for Middle East investment. Beijing is trying to shore up its energy infrastructure—and gulf countries view China and India as among their most critical customers in the 21st century. It was telling that after taking the throne in 2005, Saudi King Abdullah made his first overseas trip to China, and not to a bigger consumer of oil products, namely the U.S. The Middle East–Asia economic relationship is definitely starting to bloom. (read more...)

China Bubble & The Arabian's Thousand and One Nights

The Middle East provides clues on the outcome of the meteoric recent rise of the Chinese stock market, warns Tim Harris, JPMorgan Private Bank’s chief investment strategist in Europe, Middle East and Africa.

“When a liquidity-inspired bull market takes to the wing, it is difficult to judge its scope and momentum by traditional valuation tools alone,” he says. “But there are parallels between Chinese equities and the bubble that developed and burst in many Middle East markets over 2004-06.

“When the bubble was pricked, there was no single clear catalyst – similar to the dotcom boom in March 2000. It’s just that the bubble had reached its tautest, and the marginal buyer could not be found.

“In China, the ‘greater fool’ theory appears alive and well. In April, some 5m new equity trading accounts were registered in April alone, bringing the total to 90m. This could yet sustain the Chinese stock market rally for some time.” (read more...)

ZenTrader Note: In The Thousand & One Nights, I think the best is Ali Baba and the Forty Thieves Happy trading.

Composite Index

KLCI to monitor 1373.01 for direction but it is important to hold firmly above 1352.44 water level today (Wed) and tomorrow (Thur) trading.

China manned Moon trip by 2020

China plans to land a human on the moon by 2020, the country's chief space official said in comments broadcast by state television. "By 2020, we will achieve visiting the moon," said Luan Enjie, director of the National Aerospace Bureau. Luan used a verb that specifically describes a human act. Luan said that would follow the launch of a probe to orbit the moon by 2007 and an unmanned lunar landing by 2010. China's once-secret space program has released a stream of such disclosures following the Oct. 15 flight of astronaut Yang Liwei on the country's first manned space voyage. "We will focus on deep space exploration. The first target selected is the moon," Luan said Thursday. Source: AP

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The China syndrome: what next?
China’s stock market is now worth more than 70 per cent of GDP, notes Stephen Green, senior economist in global research at Standard Chartered Bank — still below US/UK levels of 150 per cent of GDP but well above its 2001 level of 15 per cent. “This means it is beginning to have economic significance — though the speed of the ramp-up means that if there was a correction of 30 per cent today, the overall macro-effects would be limited.

Hence, as CLSA’s subscriber newsletter, Greed & Fear (G&F), observes, newly-opened (yuan-denominated) accounts by A-share retail investors grew by 191 per cent in March, while there were 4.49m newly opened A-share accounts in the first four weeks of April alone — compared with a total of 3.08m new A-share accounts opened in the whole of last year, according to China Securities Depository and Clearing Corp.

“The market is surely overdue some stock-market focused tightening measures from the authorities in the short term… But in the longer term, the A-share market seems heading for a full-scale mania, by which is meant a market trading on 50-60x forward earnings, as opposed to the current rating of 33x,” says G&F.

The only thing that can stop this — given the fuel represented by trapped liquidity, A-share listings of H shares and low deposit rates, says G&F, “is aggressive monetary tightening”.

But so far, the Chinese authorities have only engaged in token tightening. G&F’s conclusion is that “the authorities will remain reluctant to really tighten in the 15 months’ lead up to China’s coming-out ball, which is of course the Beijing Olympics”. (read more...)

Composite Index

KLCI to monitor 1352.44 for direction. A friend of mine once told me they buy expensive cars such as Ferrari in China just like buying a toy car. Their millionaire population is more than Malaysia & Singapore population combined. Hong Kong economy produced one superman Li Ka Shing and he said China economy will produce 10 Li Ka Shing Stories. Friend said this friend himself owned a Ferrari Testarossa (parked inside his resort bangalow in Singapore) so I think he must be able to see what we normal person cannot see. Happy reading.

Composite Index

It is important that the market to hold firmly above 1352.44 water level today (Mon) trading.

Robert Rountree: go for “low hanging fruit,”

“Malaysia has re-entered the game,” he said. Rountree (Prudential Asset Management head of investment) told a briefing yesterday that Malaysia now stacked up better against giants such as China, India and the emerging Europe and Latin America. (read more...)

ZenTrader Note: Not sure what kind of fruit he refers to but I think must be the king of fruit. Technically the market is expected to make a powerful breakout. My take is that Don't go away this May as it is May Durian Party session. Happy reading.

Composite Index

It is important that the market to hold firmly above 1352.44 water level today (Fri) and next day (Mon) trading.

Composite Index

ZenTrader mentioned that the key water level of 1352.44 and the market closed at 1352.41 - missed only by 0.03 points yesterday. I think something is out there just that we all don't know it is there. Happy reading and hope this 1352.44 water level will give you one more good reason to check out this ZenTrader Blogsite from time to time for more interesting amateur trading story.

Durian and Stock Market

The Prime Minister showed how he could deftly prise the King of Fruits with his fingers. (read more...)

Thursday, March 15, 2007: I posted to say that "Prime Minister Lee Hsien Loong will be visiting Malaysia ... and I think we will see some very interesting Souvenir Gift from Mr. Lee! Maybe is the best time to catch big fish too?"

Tuesday, April 03, 2007: I posted to say that " Sell in May and go away? It's never that simple" and this famous Wall Street Curse of [A] Go Away Scenario cannot logically be coexisted with the [B] Souvenir Gift Scenario. At that time I don't know why I have a strong feeling that under this posting of Sell in May I have to post a Thematic Photo that is related to Durian.

Wednesday, May 16, 2007: The whole world can see the photo of Mr. PM with Mr. Lee holding a nice durian and I think I have decoded the hidden code whether I should follow Scenario A or Scenario B. Sometimes I think the fate has been decided but just that we don't know it is decided. Mr. PM showed how he could deftly prise the King of Fruits with his fingers on January 17, 2007 and thereafter the market went up by more than 130 points.

May Durian Party

The Legend of Durian and Zheng He
Childhood legend abounds in Malaysia about why durian looks and smells like this. Well, the legend goes that Sam Poh Kong (Zheng He) had to go to the bath room in the jungle and there was no toilet. So he went up to a tree and did it up there using leaves to wrap his offerings to nature. Well this tree used to be a prickly pear, but from then on its prickly pear contained a pungent but nutricious inner fruit.

ZenTrader Note: Tuesday, April 03, 2007 I posted the above Durian Picture (my own hidden code) and the title was "Sell in May and go away? It's never that simple" But please watch for my next Hidden Coded Picture and it is not that simple. The hint is related to this posting, See you in May? dated Thursday, March 15, 2007. BTW, why I know we will see Durian Party in May? Will tell you how I decoded it and some of the time it is not that hard to predict the future events. I assure you the Durian Answer is to be more fun than the Legand of Durian & Zheng He. Happy reading.

Composite Index

Durian Party: Abdullah and Lee choosing durians in Langkawi yesterday. (read more...)

Technical Note: KLCI to monitor 1339.71 & 1352.44 for direction. Today's hidden code is Durian Party. This Hidden Code compared to yesterday's WARMER TIES sounded less Yi Fire. Happy reading.

Langkawi Legends & Folklore

During the reign of Sultan Abdullah Mukarram Shah the Second (1762-1800), a man named Pandak Maya came to Langkawi seeking his fortune. After eating some enchanted rice grains, his wife was soon blessed with a beautiful daughter, Mahsuri, who eventually married Mat Deris, the son of Langkawi's chief. Her beauty led to jealous and wrongful accusations of adultery and Mahsuri was subsequently sentenced to death. During the execution at Padang Hangus, she was stabbed with a special kris (Malay dagger), and witnesses claimed to see white blood gushing from her wound, as if to prove her innocence. Instantly, a mysterious mist shrouded the area. For the injustice done to her and her unborn child, Mahsuri laid a curse as she died--Langkawi was not to prosper for the next seven generations. (read more...)

Composite Index

WARMER TIES: Malaysian Prime Minister Datuk Seri Abdullah Ahmad Badawi welcoming Singapore’s Prime Minster Lee Hsien Loong to Langkawi (read more...)

Technical Note: KLCI to monitor 1373.01 for direction but it is important that the market to hold firmly above the water level of 1352.44 today. The hidden code, why meet in Langkawi? Is it because the water there is warmer and a better place to start a warmer ties there? See the big warmer picture? Happy trading and remember I could be wrong in what I write here as I cannot predict the future events.

Journey of Harmony: Light the Passion, Share the Dream

(BEIJING, April 26, 2007) -- The Beijing 2008 Olympic Torch Relay will traverse the longest distance, cover the greatest area and include the largest number of people, according to plans released tonight during a grand ceremony held in the China Millennium Monument in Beijing by BOCOG, the Beijing Organizing Committee for the Games of XXIX Olympiad.

"By traveling along the historic 'Silk Road', a symbol of ancient trade links between China and the rest of the world, crossing the five continents and going to new places, the Beijing 2008 Torch Relay will, as its theme says, be a 'Journey of Harmony', bringing friendship and respect to people of different nationalities, races and creeds," commented IOC President Rogge. "I have no doubt the Beijing 2008 Olympic Torch Relay will leave many extraordinary memories and create new dreams for people around the world."

"The torch and the Olympic Flame are symbols which embody the Olympic Values of excellence, respect and friendship. They inspire us to be the best we can be in all that we do," added IOC President Jacques Rogge. "The magnificent design of the torch for the Beijing 2008 Olympic Torch Relay will also add a very unique Chinese flavour to the relay, as the 'Clouds of Promise' carry the Beijing Games' message to the world." (read more...)

Zentrader Note: The hidden code is there just that not many people can see it. If you understand well the history of Chinese Emperor and their Dragon DREAM, you will know what I am trying to tell you here. See how they can build the longest wall in the world brick by brick? I could be wrong as I really cannot predict the future event. Happy reading.

Semiconductor Market Takes a Breather Ahead of a Stronger 2008

While the semiconductor market will take a breather in 2007, the medium too long term was a different picture, according to most ISS speakers. “Long term we have fantastic things to look forward to,” said Bill McClean, president of IC Insights. He believes the next peak in the semiconductor cycle will come in 2008, the year of the U.S. presidential election and the Beijing Olympic Games – events that will boost global economic confidence and growth.

The economic keynote at ISS 2007 was delivered by Edward Prescott, a Nobel Laureate in economics and senior monetary advisor at the Federal Reserve Bank of Minneapolis. He was bullish on 2007, predicting that both the U.S. dollar and the stock market would not fall. Rather, they “will likely appreciate in both cases.”

Prescott noted that the information technology (IT) revolution, which in his view has only just started, will be as significant as the agricultural revolution and the industrial revolution in its impact on society. “The digital revolution will propel progress for at least the next 100 years,” he said. (Source: SEMI)

Composite Index

Every emblem of the Olympics tells a story. The Beijing 2008 Olympic Games emblem "Chinese Seal, Dancing Beijing" is filled with Beijing's hospitality and hopes, and carries the city's commitment to the world.

"Dancing Beijing" extends the totem of the Chinese nation. The form of a running human being stands for the beauty and magnificence of life. Its graceful curves are like the body of a wriggling dragon, relating the past and future of one same civilization; they are like rivers, carrying the century-old history and the nation's pride; they are like veins, pulsing with vitality of life. (read more...)

Technical Note: It is important that KLCI to hold firmly above the water level of 1352.44 today (Mon) and next day (Tues) trading.

The Characteristics of Leveraged Buyout Firms

This paper investigates the determinants of leveraged buyout (LBO)activity by comparing firms that have implemented LBOs to those that have not. The analysis considers sources of gains from LBOs as well as the costs that can arise from the large amount of debt included in their financial strutures. Consitent with the free cash flowe theory we find that firms that initiate LBOs can be characterized as having a combination of unfavorable investment opportunities (low Tobin’s q) and relatively high cash flow. In addion, firms likely to have high costs of financial distress (e.g. firms with high R&D expenditures), are less likely to do LBOs.

Source: Anderson Graduate School of Management, UCLA

ZenTrader Note: I think it is not that hard to pick who will be the next LBO target after Maxis. It is my amateur view that CIMB sale team also reading this same article as their weekend homework. The year of 1980 was the peak of LBO game in USA and created the largest junk bond industry in the world and also The Legacy of the Junk Bond King, Michael Milken and earned him between $200 million and $550 million a year at the height of his success. The LBO story however never ended with this LBO Junk Bond King being sent to prison ... it was only the beginning.

Olympic Flame

For the ancient Greeks, fire had divine connotations — it was thought to have been stolen from the gods by Prometheus. Therefore, fire was also present at many of the sanctuaries in Olympia, Greece. A fire permanently burned on the altar of Hestia in Olympia, Greece. During the Olympic Games, which honored Zeus, additional fires were lit at his temple and that of his wife, Hera. The modern Olympic flame is ignited at the site where the temple of Hera used to stand. (Source: Wikipedia)

The Slogan of the Beijing 2008 Olympic and Paralympic Games
"One World One Dream" fully reflects the essence and the universal values of the Olympic spirit -- Unity, Friendship, Progress, Harmony, Participation and Dream. It expresses the common wishes of people all over the world, inspired by the Olympic ideals, to strive for a bright future of Mankind. In spite of the differences in colors, languages and races, we share the charm and joy of the Olympic Games, and together we seek for the ideal of Mankind for peace. We belong to the same world and we share the same aspirations and dreams. (read more...)

ZenTrader Note: If you were the Chinese Government, are you going to cool down - and highly likely to cause big social/financial problem - the hottest game in town (stock trading) before/after this world's biggest sport game (2008 olympic game). I think the answer is clear and I think the HOUSE is also sure about this.

Unlocking the Mystery of Yi Code

Wednesday, May 09, 2007 - Brush fire scorches L.A.'s landmark Griffith Park.

Zentrader said: "Fire over Mountain? Remember my yi chart said to watch out for fire related news as this Bull Market will be ended by event that is related to the risk of fire." (read it ONE more time again ...)

Thursday, May 10, 2007 - The Dow fell 147.74, or 1.11 percent, to 13,215.13, giving back five sessions' worth of gains. It was the biggest point drop in the blue-chip index since a 242-point plunge on March 13. (read more ...)

ZenTrader's Amateur Note: Wednesday I said watch out for that news on Fire over Mountain, and Thurday we witnessesed the biggest selloff on Wall Street since March 13. The market timing is 100% perfect. The yijing reading on Mountain over Mountain & this Fire over Mountain, I think this is solid evidence that the ancient old Chinese does know something that the modern Chinese does not really know. This Fire over Mountain did cause a panic selloff as predicted by my Yi Chart but I don't think this is the biggest ONE yet. I will tell you more about what I know about this Yi Chart reading and ...oh ya ... the Leveraged Buyout and its deadly effect. Happy trading.

Composite Index

It is important that KLCI to hold firmly above the water level of 1352.44 today (Fri) and next day (Mon) trading. Mr. Jomaropol introduced us a finance term Leveraged Buyout ... will tell you more about this as it has very important implication on our financial market. Happy reading this amateur trading note.

Kencana Poker, the 'A' card.

09-05-2007: Kencana gets RM132m Petronas job

ZenTrader Note: Kencana (5122) is actively traded today and up more than RM0.15 or almost 10pc. Remember I said about Kencana - one side is holding the 'A' card (Advisor of Petronas )? Hopefully you will enjoy my amateur fundemental analysis (how do I define this as FA? because if it is not TA it must be FA, as simple as that). I think this will give you one more good reason to visit this blog from time to time for my interesting amateur trading idea. Happy reading and hope you will profit from the 'A' card.

Composite Index

"There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle." Albert Einstein

ZenTrader's Amateur Note: KLCI to monitor 1352.44 for direction.

China's coke industry to see integration

China has a built mechanized coke capacity of 250 million tons. With the throughput in construction of 80 million tons, China will boast an annual coke capacity of 330 million tons, 136 million tons more than the domestic consumption in 2004 of 194 million tons, said Hou Shiguo, deputy director of the Department of Industrial Policy of the State Development and Reform Commission ( SDRC).

As a result of the excessive coke surplus yield capacity and control efforts from the central government on the coke industry, Hua Zugui, Chairman and CEO of China Coal and Coke Holdings Limited, a major coke producer and seller in the country, said that the industry is likely to see a large-scale integration in one or two years.

According to Hua, China's coke and chemical industry is too dispersive and it not organized optimally. The expansion of the industry is too hot and the problems of resource waste and environmental pollution are serious. (read more...)

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Sino Hua-An soars on main board debut
SHARES of Sino Hua-An International Bhd, a Chinese coke producer that took over Antah Holdings Bhd's listing status, jumped 53 per cent to close at RM1.53 on their debut on Bursa Malaysia's main board yesterday.

The stock opened at RM1.48, or 48 per cent above the RM1 issue price. It touched the intraday high of RM1.65 shortly after the opening bell, but retreated to close at RM1.53 (read more...)

Technical Note: Huaan (2739) is technically weak if cannot hold firmly above RM1.48 level.

Brush fire scorches L.A.'s landmark Griffith Park

LOS ANGELES, California (CNN) -- The flames of an urban brush fire lit up the nighttime sky as it roared through portions of Los Angeles' landmark Griffith Park.

The spreading flames prompted mandatory evacuations Tuesday in the Los Feliz neighborhood on the south side of the park, according to the Los Angeles Fire Department.

The park is in the Hollywood Hills, about 10 miles north of downtown Los Angeles. It includes golf courses, tennis courts, the city's zoo and botanical gardens and the copper-domed Griffith Park Observatory.

The bright orange glow of the fire provided a striking backdrop for the white facade of the observatory into the evening hours. (Source: CNN.com)

Zentrader Note: Fire over Mountain? Remember my yi chart said to watch out for fire related news as this Bull Market will be ended by event that is related to the risk of fire. I am not expert in yijing so please tell me if I read the yi chart wrongly. Happy trading.

Shanghai Composite Index

Somewhere between May 2nd. and June 14th, the Shanghai is going to do something very unusual in the realm of stock market indexes.

The Shanghai Composite Index has catapulted up in a parabolic trajectory that took it from 1180.96 in January of 2006 to 3710.88 this morning. That hefty 214.23% rise resulted in a hyper-parabolic rise that has the index going straight up ... and many think that there is no end in sight. (Source: China Report)

Composite Index

Life is not about getting somewhere in a hurry, but enjoying the journey to the full. (Source: Zen Story)

ZenTrader's Amateur Note: KLCI to monitor 1352.44 & 1362.73 for direction.

THE ELEPHANT AND THE ANT

This elephant was walking through the jungle one day when she got a thorn in her foot. The further she walked, the more sore it got. After a while she started to limp. After a while, this ant walks up and asks, "Hey, what's the matter?"

The elephant answers, "I've got this thorn in my foot and I would do anything to get it out."

The ant says, "Anything? Would you let me make love to you?"

The elephant thought about it for a minute and decided what the heck. How bad could an ant be? So she agreed.

The ant started pulling on the thorn and sure enough, he got it out. True to her word, the elephant laid down on her side and moved her tail out of the way. The ant crawled up and started loving on her.

This monkey was up in a tree watching this. He couldn't quite believe his eyes. He started laughing and rolling around in the tree. Then he knocked a coconut out of the tree that went down and hit the elephant right between the ears.

The elephant moaned loudly from the hit,"Awwoooohhhhh!"

The ant yelled at the top of his voice, "Take it all darling, take it all!!" (Source: Laughter is a Great Way to Relax)

ZenTrader's amateur Note: See the moral of this story? Just because the elephant "Awwoooohhhhh!" it doesn't mean that you are BIG. Happy Reading. :)

Label some bloggers as amateurs, says minister

MALAYSIA'S Information Minister has suggested that some bloggers be labelled as amateurs to prevent them from misleading readers with lies and rumours, the national news agency has reported. The proposal comes after Malaysia's National Union of Journalists urged the authorities last week to recognise blogging as a new medium of information following recent calls by government officials to impose curbs on bloggers. (read more...)

ZenTrader's Note: Just talked to my lawyer friend. she said better follow the government ruling. Don't play play. Happy reading. :)

Amateur Trading Idea - Tanjung Offshore Bhd

O&G support firms to gain from oil pipeline
PETALING JAYA: Local oil and gas (O&G) support companies will be major beneficiaries of the US$7bil Kedah-Kelantan crude oil pipeline project.

Apart from the pipeline project, it is understood that the first phase of a RM7.7bil petroleum refinery in Kedah, undertaken by SKS Development Sdn Bhd (a private company linked to Tan Sri Syed Mokhtar Al-Bukhary) and Iran National Oil group, will take off in July. AmResearch in its latest report said the oil pipeline project would have a positive spillover effect on O&G support companies. (read more...)

Technical Note: Tanjung Offshore Bhd (7228) Entry RM4.08 Stop RM3.8 (Legal Disclaimers: this posting is posted for personal fun only and should be be labelled as amateur under latest government ruling.)

Composite Index

KLCI to monitor 1373.01 for direction but it is very important that the market to hold firmly above 1362.73 level today (Tue) and tomorrow (Wed) trading.

Trans-Peninsula plans massive investment

MALAYSIA has agreed to build a US$7 billion trans-peninsular oil pipeline from Kedah to Kelantan to transport oil from West Asia to East Asian countries, Prime Minister Datuk Seri Abdullah Ahmad Badawi said today. “Yes, we have agreed to the pipeline,” he told reporters after opening the World Halal Forum 2007. Abdullah said the pipeline project was a part of the government’s move to develop the much-touted Northern Corridor. (read more hot news...)

Court Evidence

Mr. law said: "what you said can be and will be used against you in a court of law"

I called my lawyer friend and ask for her legal opinion and she said: "Does having a male organ can be and will be used against you in a court of law? You can use it for personal fun ... yes ... but you have to obey the law ie in Singapore it is unlawful to perform oral one ... and it is unlawful to perform unnatural one in Malaysia ... BTW, thank for your tip on StemLife ... hea hea hea"

Zentrader: "Mr. Law, with the above stock picks, you think this is the court evidence you are going to present to the court? Mr. Law, please don't assume all bloggers are bad guys lah. Don't assume those who donate money to someone else must have hidden agenda lah. See the big picture?" :)

What is the purpose of law?

Frederick Bastiat in his book The Law, further helps us define and understand the purpose of law:

We must remember that law is force, and that, consequently, the proper functions of the law cannot lawfully extend beyond the proper functions of force. When law and force keep a person within the bounds of justice, they impose nothing but a mere negation. They oblige him only to abstain from harming others. They violate neither his personality, his liberty nor his property. They safeguard all of these. They are defensive; they defend equally the rights of all.

So we can see that law is force and that it must apply equally to all if liberty is to be protected. If it applies unequally to one class of persons over another, then it turns from being an instrument of liberty to an instrument of oppression and tyranny.

Many people think the purpose of law is to promote justice. According to Bastiat, the purpose of law is to prevent injustice. Law is a negative concept and not a positive concept. Law is there to prevent harm, not to encourage or mandate good. (read more...)

Technical Note: Accordingly, the purpose of law is to prevent injustice. Maybe for ZenTrader to continue to blog will do injustice to the trading world because he is sharing his own trading experience FREE of CHARGE? You tell me. Happy reading.

Composite Index

Mr. Law said: "what you said can be and will be used against you in a court of law"

Technical Note: KLCI to monitor 1373.01 for direction but it is very important that the market to hold firmly above 1362.73 level today (Mon) and tomorrow (Tue) trading. I must give my sincere thank to Mr. Law for his free legal opinion and Mr. PM for his freelance financial analysis that CI will hit 1350. Happy trading.

Online Fraud Aimed at Hotel Guests

The fraud relies on a variation of the old pump-and-dump scheme in which criminals illegally hype a stock to inflate its price. In the latest twist, crooks install keystroke-logging programs on computers in hotel business centers and Internet cafes. When an investor uses the public computer to check stock holdings or make a trade, his or her username and password are captured. The FBI's Henry said online brokerage customers shouldn't use computers they don't know are secure. "I don't think a lot of people would think twice about going to an Internet cafe or the business center in a hotel and using the computer,"' he said. "I want people to be aware that this is a potential threat." (read more...)

Composite Index

It is important that KLCI to hold firmly above 1339.71 level today (Fri) and next day (Mon) trading.

Property sales by forgers leave owners high and dry

KUALA LUMPUR - A SIX-YEAR-OLD land case is haunting property owners in Malaysia as dozens have suddenly found themselves with no remedy after their land was sold by forgers. Lawyers say there are at least 17 to 20 cases where mainly elderly land owners found their lands sold to a third party by a forger. Under the law as it stands, following a court case in 2001, they have no remedy. The Federal Court, in the case of Adorna Properties v Boonsom Boonyanit, decided that if a property was sold through forgery to an innocent buyer, the law favours the buyer. (read more...)

1. Can we honestly say a law is good law if an innocent party is made the victim? (read more...)

2. Adorna Properties Sdn Bhd - vs - Boonsom Boonyanit (read more...)

Composite Index

It is important that KLCI to hold firmly above 1319.14 level today (Thur) and tomorrow (Fri) trading.