18th January 2010 - Potential Call Warrant

Watch Pbbank-CL, Drbhicom-Ca, Airasia-CF, IGB-Ca, Bjtoto CD CF, mrcb-ca the good old time of high cap children is no longer that worthy and instead low cap children have more potential to strike the jackpot

today is good for collection and don worry much about dow and regional market..give it a day or two..i still think that market is still strongly intact on trend.

nevertheless, my strategy has been revise now more focus on momentum blend with scalping and ride the trend..try to go less on instanstaneous buy and sell

Earnings will be a challenge for stocks in the coming week, as major bank and tech firms report, along with hundreds of other companies.

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Photo: Oliver Quillia for CNBC.com Traders on the floor of the New York Stock Exchange.

The question, though, is whether earnings news will be strong enough to keep the rally going or investors will see it as an excuse to take profits temporarily.

The latter was the case Friday, when tech giant Intel
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[INTC 20.80 [You must be registered and logged in to see this image.] -0.68 (-3.17%) [You must be registered and logged in to see this image.]]

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fell after reporting better-than-expected profits and an improved outlook. JPMorgan Chase
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[JPM 43.68 [You must be registered and logged in to see this image.] -1.01 (-2.26%) [You must be registered and logged in to see this image.]]

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stock also fell, and its report raised the flag on other bank stocks after loan losses and weaker-than-expected revenues outweighed a strong income number. Both stocks had moved higher ahead of their reports.

"We think the reaction is overdone. The issue for equity markets in earnings is really, about, in our view, the multiple," said Binky Chadha, chief U.S. equities strategist at Deutsche Bank.


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Current DateTime: 02:46:24 17 Jan 2010
LinksList Documentid: 34886540

• Stocks Off for Week as Banks Slide
  
• 2 Money-Making Tech Stocks: Manager
  
• This Stock to Double in 2-3 Years: Pro
  

This earnings season is a critical turning point since it is the first quarter in 10 where there should be positive profit growth on a year-over-year basis. S&P 500 profits are expected to improve by 8 percent, excluding the financials, according to Thomson Reuters. When financials are included, that number jumps to 186 percent because of the sector's gigantic losses a year ago.

For the most part, analysts expect the earnings news to be a catalyst for stocks in the first quarter. Some companies reporting in the week ahead include General Electric
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[GE 16.44 [You must be registered and logged in to see this image.] -0.26 (-1.56%) [You must be registered and logged in to see this image.]]

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, Citigroup
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[C 3.42 [You must be registered and logged in to see this image.] -0.09 (-2.56%) [You must be registered and logged in to see this image.]]

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, Goldman Sachs
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[GS 165.21 [You must be registered and logged in to see this image.] -3.32 (-1.97%) [You must be registered and logged in to see this image.]]

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, Bank of America
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[BAC 16.26 [You must be registered and logged in to see this image.] -0.56 (-3.33%) [You must be registered and logged in to see this image.]]

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, Google
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[GOOG 580.00 [You must be registered and logged in to see this image.] -9.85 (-1.67%) [You must be registered and logged in to see this image.]]

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and IBM
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[IBM 131.78 [You must be registered and logged in to see this image.] -0.53 (-0.4%) [You must be registered and logged in to see this image.]]

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.

"I think earnings will deliver more than expected. The news we have so far is positive, though the market is taking it badly," he said. Chadha said other factors were worrying investors, including the concerns about Greece's fiscal situation.

Whither Stocks

David Kotok, chairman and chief investment officer at Cumberland Advisors, said he sees earnings as a driver in the first quarter. "It's a good earnings season. There's no labor cost pressures," he said. Companies are showing margin improvement as they reap the benefit of leaner work forces and reduced spending.

Kotok expects technology to do particularly well this quarter and he is overweight the sector. When Intel released profits, it also reported surprisingly strong margins of 65 percent, the best level in a decade. Margin improvement could be an important story for tech. "That could be sustainable worldwide for several years," he said.

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Banks are another story. "We won't know sustainable trends for banks in the U.S. until 2011 or 2012," he said, adding that at that point current prices could look extremely cheap.

Kotok said the market has had an easy run since it began moving higher in March, but the next leg up will be bumpier. "I think the second half is going to be troubled by the economy. I think the market's going to recognize that and reprice and sell off in the late spring, early summer" he said.

Chadha disagrees, however, that markets will be troubled in the second half. "It's clearly the consensus view that we have a good first quarter, first half and then things stagnate and get much worse. I basically don't think that. The fundamentals are that basically corporates over contracted and they over fired, and there's basically a very large gap between final sales and production. There's room for them to expand. That will spark a self-sustaining recovery," he said.

But, he said the economy is not self -sustaining yet, and that fact could make the market choppier in the first part of the year rather than the second half, if his premise is correct.

"We're putting our money on that it will take hold and the market should do a lot better later," he said. Currently, the market's multiple is about 14 on 2010 earnings, and fair value would be closer to 16.5. "So that's potential for 20 percent more upside," he said. His year-end target is 1325 on the S&P 500.

Chadha's year-end target is 1325 on the S&P 500. Kotok's target for the S&P this year is 1250 to 1300.

The Dow in the past week lost 8 points or 0.08 per cent to 10,609, while the S&P 500 slid 0.8 percent to 1136. Financial shares lost 1.8 percent for the week, but the biggest losers were telecom, down nearly 4 percent and materials, off 3.2 percent. Health care was the best performer, up 1.5 percent, while consumer staples were second best, up 0.9 percent.

Credit Uncrunch

Treasuries gained in the past week, driving yields lower. The 10-year's yield fell to 3.676 percent, and the 2-year slipped to 0.887 percent.

In the past week, the government's auctions of $84 billion in notes and bonds were well received by the market. At the same time, the flood of corporate debt issuance continued, bringing the total of dollar denominated issuance to $56.7 billion since Jan. 1.


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Current DateTime: 02:46:24 17 Jan 2010
LinksList Documentid: 34886540

• Stocks Off for Week as Banks Slide
  
• 2 Money-Making Tech Stocks: Manager
  
• This Stock to Double in 2-3 Years: Pro
  

In the past week, spreads widened in emerging markets, as investors worried about Greece's ability to make debt payments. But there was also widening in corporate spreads. Traders have been watching these spreads, particularly as Washington discusses a new tax for banks and some of the consumer driven data in the past week disappointed.

Kevin Ferry of Cronus Futures Management said the widening of corporate spreads is actually just a normal function of the market as it absorbs the new issuance. He and others say the heavy activity is in part being driven by corporations anxious to get deals done ahead of higher interest rates.

"What we've been focusing on for the past two years is very stable and in fact it's at an all time low, but out in the real world getting this (corporate debt) stuff through the pipeline is having the usual effect," he said. Ferry said, for example, the 12-month libor rate hit an all time low in the past week of 0.89 percent.

Dollar Dilemma

The dollar lost 0.2 percent against a basket of currencies but gained 0.3 percent against the euro to $1.4379. At the same time, commodities sold off. Oil had five days of losses, finishing Friday at $78 per barrel, a decline of 5.7 percent for the week. Gold lost $8.10 per troy ounce for the week, to $1130.10.

Boris Schlossberg of GFT Forex said the dollar and euro are trapped in a range around $1.45 per euro. "Every time we get positive data on one side of the Atlantic, its counterbalanced by bad news on the other side of the Atlantic," he said. The market responded to comments in the past week from European Central Bank President Jean Claude Trichet about a possible negative quarter in the Eurozone, as well as worries about Greece.

One focus for the euro in the coming week will be PMI data for the Eurozone, released on Friday, Schlossberg said.

Econorama

In the U.S., the calendar for economic data is relatively light. Markets are closed Monday for the Martin Luther King holiday. Wednesday and Thursday are the big days for data. On Wednesday producer prices are reported, as are housing starts. Thursday's data includes the Philadelphia Fed survey, leading indicators and weekly jobless claims.

The National Association of Home Builders survey is Tuesday, as is the Treasury's international capital flow data.

In the past week, the data pointed to a still very weak consumer. Retail sales were surprisingly negative for December and consumer sentiment was weaker than expected.


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Current DateTime: 02:46:24 17 Jan 2010
LinksList Documentid: 34886540

• Stocks Off for Week as Banks Slide
  
• 2 Money-Making Tech Stocks: Manager
  
• This Stock to Double in 2-3 Years: Pro
  

"The reality setting in is this isn't an easy recovery," said Diane Swonk, chief economist at Mesirow Financial. Swonk said she expects unemployment to continue to rise and peak sometime this quarter at a level of 10.25 to 10.3 percent.

"We'll still turn profits this year. We've still got productivity growth. This is still a good environment for profits and profit share, compared to wage share, is going to rise. That should support some additional gains in the stock market from where we were at the end of the year, but we've already gotten ahead of ourselves," she said.

She said the housing starts data and PPI data this week should be important. She said PPI should be neutral and the housing numbers will be watched to see what impact there is from the first time home buyers program. "It's really telling about how much government support is needed for this sector," she said.

What Else to Watch

The Obama Administration's plan to tax banks for TARP-related losses rattled investors in the past week and weighed on bank stocks when the news first trickled out. Investors have also been watching every development in Congress efforts to revamp health care.

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Now investors will be closely watching Massachusetts to see whether the Senate race there could be a sign that change is coming to Washington. On Tuesday, voters there will choose between Democrat Martha Coakley and Republican Scott Brown in what has become an unexpectedly close race to fill the seat of late Sen.. Ted Kennedy.

The race is being watched as a referendum on President Obama's programs and a sign of what could happen in the mid term elections in November.

Earnings Central

Banks dominate the week, starting with Citigroup's report Tuesday. Bank of America, Morgan Stanley, Bank of New York Mellon, State Street, US Bancorp, Wells Fargo and Northern Trust report Wednesday. Thursday's reports include Goldman Sachs, Capital One Financial, American Express, Fifth Third, Keycorp, and PNC. Huntington Bancshares and SunTrust report Friday.

Among tech names this coming week, IBM leads the charge Tuesday. Ebay, Seagate and Xilinx report Wednesday. Google and AMD report Thursday.

Also Tuesday, reports are expected from TD Ameritrade, Forest Labs, and CSX. On Wednesday, AMR, Jefferies, Covidien, Coach, Brinker International, Starbucks, and SLM release results. Thursday's reports include Burlington Northern Santa Fe, Continental Airlines, United Health, Union Pacific, Southwest Airlines, PPG and Xerox

morning lily and kyoong

morning max, glad u r back ^^

kyoong wrote:morning max, glad u r back ^^

but next time i try not to chat too much....not many stock call too...more stress on trend..i slightly copy ur strategy now [You must be registered and logged in to see this image.]

today wont be a big problem day buy on dip..usa corporate result sure strong...last friday are over reacting now i am scalping pbbank cl...seel high price and buy low price...at the end if mother uptrend still intact then ho say

maximent wrote:morning lily and kyoong

good morn max, how r u lately?

wah...................so early so many post liao............

good morning all tau keh here........

hlk wrote:

maximent wrote:morning lily and kyoong

good morn max, how r u lately?

very good...more than ho say for mrcb and pbbank cl and others

morning bmw

u guys can consider buy pbbank cl..the mother will go rm12 in days

maximent wrote:today is good for collection and don worry much about dow and regional market..give it a day or two..i still think that market is still strongly intact on trend.

nevertheless, my strategy has been revise now more focus on momentum blend with scalping and ride the trend..try to go less on instanstaneous buy and sell

look like almost same with my strategy...............wakakkaa

Max...how are you long long time no see.............

bmwlover wrote:

maximent wrote:today is good for collection and don worry much about dow and regional market..give it a day or two..i still think that market is still strongly intact on trend.

nevertheless, my strategy has been revise now more focus on momentum blend with scalping and ride the trend..try to go less on instanstaneous buy and sell

look like almost same with my strategy...............wakakkaa

[You must be registered and logged in to see this image.] buy and keep for few days and in between scalping..then can do daytrade and "buy and hold" one stone two birds good1

bmwlover wrote:Max...how are you long long time no see.............

ok ok...strike one dragon when i don chat in forum haha1

maximent wrote:

kyoong wrote:morning max, glad u r back ^^

but next time i try not to chat too much....not many stock call too...more stress on trend..i slightly copy ur strategy now [You must be registered and logged in to see this image.]

my connection got some problem, mayb late of reply, sry guys

maximent wrote:

bmwlover wrote:Max...how are you long long time no see.............

ok ok...strike one dragon when i don chat in forum haha1

Wah..............diam diam strike dragon......................

bmwlover wrote:

maximent wrote:

bmwlover wrote:Max...how are you long long time no see.............

ok ok...strike one dragon when i don chat in forum haha1

Wah..............diam diam strike dragon......................

no one wanna follow ma..then diam diam lo

tdy 4 new kibb cw - cimb-ci, gen-cs, umw-cb, tm-cl (all expiry 14/1/2011)

if u all follow say buy pbbank cl at 0.182 for 200 or 2000 lots depends on capacity now super ho say

hlk wrote:tdy 4 new kibb cw - cimb-ci, gen-cs, umw-cb, tm-cl (all expiry 14/1/2011)

not interested too many..today i just focus on pbbank kids laugh1

i may buy another 4000 lots at pbbank cl soon

kencana 5122ca look good...........