That's all the good news that I can give.. from my perspective anyway.

On the last point. look at the cheap money that Uncle Sam is making and giving to the world:


Even China continues to buy more and more US debt.. wonderful fantastic (toxic) assets. Very smart..
http://www.bloomberg.com/apps/news?pid=206...id=aniw65RjeNTk

This post has been edited by danmooncake: Aug 19 2009, 12:16 AM

Usually how does the market behave when a company declares rights issue?
Will the price drop or will it rise ?

A case in point, GPacket has recently declare rights issue, but seeing from the response, I've seen the price continues to rise, it is as if the investors do want to take up the rights issue and have confident in the market. Can anyone elaborate?

China is buying US Notes out of pure self-interest.
They have to keep Joe Public coming through the doors at Walmart to buy plastic tat to help their exports recover.

---

Added on August 19, 2009, 12:25 amCherroy - our esteemed Moderator - is the guy to ask on rights issues.

If you scroll back a few dozen pages you will see his posts on this earlier today...MULPHA I think he was talking about IIRC.

Some excellent insights IMHO

This post has been edited by David_Brent: Aug 19 2009, 12:25 AM

BUT CIT shares on UPTREND since AUG 1. How? From 0.79cts to now at 1.39. Losses and still positive?

From Aug 1st is nothing lah.. right now CIT is day traders game. No long term investors really want to touch this stock.
Anyone who buys this is purely for day trading or short term playing only. It is very volatile.

The losses were less bad than anticipated

Same can be said for FNM and FRE. Since Aug 1st they double..
All "less bad".

Heck, I might as well throw one or two grand in there and let it ride up since US govt not going
to let these two spoiled brats fail.

Mostly share price will drop when RI is known/announced, because company want more money from you instead give money to you, so this is not something good news.

The share rise afterwards for GPacket or any other stocks related to RI, is more about general market trend and individual stock issue already.

In the case of Gpacket, the rights issue will be available to those who have the shares on the 2nd September. How will the price be adjusted?
Is it the same as in the case of ex-daete for dividends ?

In the last post you did write about rights issue, you said that it depends on the intention of the company to declare rights issue.
Gpacket needs more capital for expansion purposes, not unlike Mulpha who said it is being used to repay debt.

Can we assume that the investor view it in a positive way, thus the share price rises because they have faith
in the management and in the likely possibility for the company to expand ?

DJ 9217.94 +82.60 +0.90%
NAS 1955.92 +25.08 +1.30%
S&P500 989.67 +9.94 +1.01%

Whoa! What happened? Ok, ok.. the bulls got back some today. No big deal.

Yesterday we saw the demise.. no buyers but tonight.. it was interesting indeed.
Buyers came back in scooping up tech, some financials and commodity.
Oil crept back up to $69.

The most interesting thing is Tech. AAPL (Apple) got a major upgrade.
Price target raise to $250 within a year.
Disclosure: I have some..and long since $90. Yours truly has never shorted tech.

Oh well.. bears still got half. Let see what the rest of the week will bring.

This post has been edited by danmooncake: Aug 19 2009, 04:40 AM

CI hopefully goes up

Better to sell our stocks at better price before the correction come.

Morning all...

Ya, i think CI will up for today, but it will turn red on wednesday, then green on thursday. Friday remained unsure.

hopefully go up and i can sell some of my stock at minimum loss and wait for the next correction

August Futures opened at 1165.5

Let see what price CI open later

Double-dip recession fears are growing

http://finance.yahoo.com/news/Doubledip-re...366613.html?x=0

Yes.. that is indeed true! People thought the recession is over.. they are definitely wrong!
They haven't seen the worse yet. The next dip will be even worse. Don't expect recovery anytime soon.

Just as they thought they're safe, the market will pull the rug under them and make them look like idiots.

today is wednesday mahhhhhhhh, need coffee?

i forgot~



so embarassing.....

that's nice... looking forward to it...

i'm gonna sapu some stocks when the time is right

MSports : new counter... I'm in for quick goreng