Even country like Malaysia took at $9 billion Rm hit. Pier-1 import is also another example. Took a huge hit, declared chapter 11 and now…limping along.

But the funny thing. Citic Pacific did not even see the sign. The sign is all over their forward contract. They have a term for this…they called is ‘CURRENCY ACCUMULATORS’ = ‘CURRENCY I KILL YOU LATER’. Doesn’t it sound like I KILL YOU LATER?

Whoever coined this term knows exactly what is the end game of the customer. Next time, bring a malaysian along, they read better…ehhehe…’ACCUMULATORS’ my ass…maybe I read it differently…

People…when u in need of buying a forex forward contract and someone in the Bank offered this term…you better run…hehehehe..

I am thinking aloud.

So…in my blog, I am posting my opinion. Please do keep in mind…I could be WRONG…heheheh

The last price on the chart was 8th Oct…

The price on 9th Oct close at 15,943.24, Up 511.511.

1) Price Action - based on pure price action, with the rebound on 9th Oct, I am looking at the price testing 16,284: the recent low and become the current resistance. If the price does not penetrate at this number, the price will coming back down to re-test the low 15,431.

2) Technically - from tech point of view, the price really does not look. The only way I long the market if its penetrate 20,000. Otherwise, I am just going to sit around and doing nothing. I am too chicken to long the market.

3) Volume - I put the volume on this chart because one of my friend is absolutely a believer in volume spread analysis. Looking at the high volume of the transaction on 8th Oct, I can safely say, the end of the sell-off is not even near…

This is my thought…I am thinking aloud…and expect profit…

Looking at the current U.S. situation, the Chinese Government should flex its financial muscle and starts buying up part of AIG, Lehman, Ford and etc. It’s a FIRE SALE!!!

Since the Chinese Government is buying the T-Bills, why not instead of T-Bills, let start buy some real assets rather than a piece of paper that the U.S. Government might default.

Assets is better than a piece of paper…anytime of the day.

So…Uncle Hu, what say you? Let do some shopping…We need to let Don Corleone knows that the Chinese is coming into his turf. Don Corleone need to share his pie…

I am thinking aloud….

Technorati Tags: Chinese, Government, AIG, Lehman, Ford

In the future, the US government should not and will not ask, dictate or demand developing countries to open their industries in the name of open and free economy.

The US government should not complain, cry foul or whine about developing countries saving ailing companies because Don Corleone(US government) is doing same thing over at his turf.

I am thinking aloud…

During the 1997 asian financial crisis, the language from the WEST (Don Corleone(U.S.) and the rest of Europe) were…let the inefficient and non-transparent company to close down. No practice of cronyism…

Now, forward to 2008, the WEST applauded the bailout of Fannie Mae & Freddie Mac, which to my point of view was not efficiently run. We should let it go down…just like during the 1997.

Why the double standard???

How can we trust what Don Corleone(the U.S.) said in the future? Didn’t Don Corleone said his word is as good as gold? Heehehhee….

I am thinking aloud….

This is what I get when I went to hongkongphooey blog.

Next, when I was updating my blog via Chrome. Suddenly, it tells me my userid and database password mis-match. I close the Chrome immediately and went back to Firexfox 3.

Can ecosway, a malaysian mlm company find its place in Hong Kong? I have been passing this place for the last 6 months. It does not look that good…don’t seem to find anyone inside buying stuff….

I am thinking aloud…..

Update:

Aug 9,08

I was passing ecosway stockist again today.

Check it out….The store finally shutdown. My projection was right. They could not survive. Retailing in Hong Kong is very harsh. The rental is you majority cost. The moment you don’t have foot traffic. You are almost dead. Plus, the golden rule…location, location and location.

Reason (my opinions)

Ecosway brought in too many malaysian products.

Paste

The curry paste, rendang paste and other malaysian paste just does not suite hong kongers. Hong Kong people can’t take south east asian curry. They liked are japanese type of curry.

Toiletries

Other ecosway like detergent, shampoo and others toiletries products just could not cut it. Pricing are not competitive. I can buy a brand name for less than ecosway products. Why do I want to buy ecosway. As a Hong Konger, who is ecosway???

Now, I understand what HSBC said: ‘The world’s local bank’. To compete, you need to localize your product.

Again…I am thinking aloud.

Check out the crowd. I was wondering why would anyone want to get elected for a chairman or deputy or whatever the post that were available because all these position is an NON-PAID position. Is there something that I don’t know, that these people knows?

The Supporters

Wow…Spend own money to campaign. It’s a NON-PAID position…lah….

The Rule Of The Game - Based on the constitution of the association, at anytime you did not renew your membership and you let it lapse for more than a year, u need to re-apply as a new member. Then the application will be review by the exco members during their regular monthly held meeting.

The Argument- the challenger brought in a lot of her supporters BUT most of the supporters did not renew their membership for the last year or two.

So that night, the challenger supporters submitted their new application and insist the exco committee to approve them right there and then. They were raising their voices, yelling and do other shit…

It’s like renouncing your citizenship but on the day of election, you re-apply your citizenship and ask for the right to vote. What logic is this?

There was one asshole keep shouting he is a malaysian and holding his passport way up high to show his shit. This is like going back to Malaysia during election time and bring my passport at the polling station and start shouting…”I am Malaysian…How come my fucking name is not on the voting roll”. Motherfucking dickhead….

My Opinion

When u want to fight a war, BE PREPARED. Next, I own a Introducing Forex Brokerage. I told potential clients to know and abide by the house rules. Don’t pull shit stunts because the house will penalize you.

Same shit at this AGM, the current governing body holds all the cards and you must know how to work around and within these boundaries. A good example is the current malaysia election. The Barisan team holds all the cards but the opposition gain more seats than ever. WHY? KNOWS HOW TO WORK AROUND AND WITHIN THE BOUNDARIES.

The Cry Babies

These are the cry babies. Because they were not issued ballot ticket, they came into the room disrupting the process. So many personal insults, so many character assassination. They came for blood.

These people is like…’last year when we fight…it was a fair fight..but this year u raise the great wall and we are at a disadvantage.’ Grow up motherfuckers !!!

Throwing tantrum when you are in a disadvantage position….fucking malaysian.

You know what…these cry babies are senior management people and bosses. If you can cry to the top…shit…I need to start doing this kind of shit…No wonder I am still at the bottom of the food chain.

Then there was one chick trying to table a motion to have the exco immediately review, process and approved their application. I wonder in Malaysia or anywhere else, if an ordinary citizen like me goes to the parliament and table a motion to the speaker to dissolve parliament and have another new election.

If this can be done, Jeff Ooi and Tony Pua don’t need to work their ass off to get into parliament. You want to change the rules of the game or have a voice. Become one of the administrator…Get your fucking ass elected…bitch.

Recently in HK, there was an intensive drive to ask citizen to register as a voter for the next election and the cut-off date was May 16. When is the election? Couples months down the road. Every country has a deadline for voter registration. No country would allow anyone to register on the last hour of the election.

A lesson learned for me…when u comes into the battlefield unprepared, the consequences can be devastating.

To rely on rustics and not prepare is the greatest of crimes; to be prepared beforehand for any contingency is the greatest of Virtues. Sun Tzu

The incumbent

I cast my vote to her. Why? As a shareholder, I only want to see one thing. Positive cash flow on the events MSA organized and positive cash flow on the balance sheet.

The rest…I don’t give a shit…

The challenger

Well, let me borrowed a quote from Sun Tzu.

” A general who calculates the most before the war will always win. A general who calculates carelessly before the war will always lost.”

She gave a 10 minutes typical malaysian political speech…I hv the longest, biggest and thickest dick bullshit. I hv a small dick. I don’t want to hear last minute campaign speeches. This kind of bullshit should be done 3 months ago.

My Summation

What pisses me off was the pure act of hooliganism that was bring forth by the Challenger supporters. These motherfuckers are like some posse rode into town with their gun blazing and proclaimed they are the new sheriff of the town.

There were a lot noises about the current chairwoman. If she was to be elected, a lot of people will be unhappy, the association will be disunited and all kind of negative bullshit. All I can say…whatever we do…we do it by our own choosing. We draw our Line- In-The-Sand (some people called it their principles and some called is choices) based on the current perceived information available. Its all about choices.

You made the choice of not going to the Friday get-together, you made a choice of not re-newing your membership. You made a choice to have certain friends. NO ONE force you. It’s your choice. So…where is the unhappiness, the disunity or negative shit. It’s after all our own perception. We perceives in our mind.

My brother-in-law always reminded me that there is no LINE-IN-SANDS. That line-in-the-sands is by our own choosing. The perceived LINE can be push further back when push comes to shove. For example, in war, with so many deaths, there are survivors…why? because they made a choice to live. They find a way to survive…

I am thinking aloud…

Technorati Tags: Malaysian, Association, AGM, Hong Kong

I wonder how much money will reached all these victims…

I am thinking aloud….

Are they promoting ONTV or tv.on.cc??? I am confused.

I am thinking aloud….