American new home sales rose 4.7% in Feb but were still the second-worst on records dating back to 1963. Compared to Thomson Reuters expectation of sales fall of 300,000 units this little news was enough to push the Dow Jones into the green territory – up 160-points at the time of writing. However noting that the Dow is fast approaching the resistance of 8,000-points it’s wise to take whatever profits you’ve gained over the last couple of trading days when the Dow breached the 7,000 from 12-year-low level. As much as I would like to believe the Dow could shoot 7,000 and then 8,000 from 6,000-plus without taking a rest, the probability isn’t there.
Hence, I’m taking some money off the table from my AAPL Apr 105 Call Option of which I was thinking of scalping but decided to let it run after the trading pattern pointed to a sustainable bull-run. But the current level is fast approaching resistance and the trend could reverse anytime now so I’m chicken out *grin*. Remember the saying that Bull and Bear make money but Pig gets slaughtered? There’s no harm to put your money into the casino again should the Dow could miraculously go above 8,000 and stays thereafter. So for the time being only the braves would place their money betting a continuous rally. Furthermore it seems $110 is the immediate resistance for Apple Inc. (Nasdaq: AAPL, stock) for the time being.
Shahrizat may have won the new Wanita head post but it’s almost definite she won’t be able to get back the powerful Ministry of International Trade and Industry portfolio, not that she is capable of such an important post in the first place. She won’t be the next AP Queen so Rafidah can claim the consolidation prize. Rafidah can also scream that she was the only (former) and the last Wanita head capable of taming the ministry portfolio. But then Shahrizat is an obedient follower (of UMNO President) so it doesn’t really matter. As long as there’s a minister-ship for her, she is happy and contented. Maybe there’s good side to Rafidah’s losing. Her political career has almost reaches the ending which means she now can spend more precious time at London shopping, not to mention more time collecting rental from her property empire. 
The UMNO Youth fight was initially between outgoing PM’s son-in-law Khairi and former PM’s son Mukhriz with the tainted former Selangor Chief Minister Khir Toyo out of the race. The latest news was that Khairi has managed to snatch the throne from daddy’s son Mukhriz when he polled 304 votes although the early unofficial counts showed Mukhriz won by razor-thin majority of 12-votes. This could send the former dictator Mahathir’s heart beat twice the speed should the news reaches his ears. Mahathir was played out by Abdullah Badawi once and he doesn’t have much time to wait for the next opportunity should his son fails to sit on the throne (UMNO Youth Chief). At least that’s something a good daddy can do for his beloved son before he “retires” peacefully. But it seems everything is so gloomy now that Khairi has stolen the thunder from his son. However with some phone-calls the UMNO discipline body could declare Khairi is corrupt and the championship switches to *drum please* Mukhriz Mahathir. Najib has lots of explanation to do.- Mahathir’s Racist Agenda – Dynasty’s Survival Series
- Sucker’s Rally and Sucker’s Advice
- Mini-Budget or Major-Leakage? Where’re the Goodies?
- UMNO begging QC’s help in London – a Mistake Coup?
- I Have A Dream – A Day When Money Can’t Buy Votes
- Flip-flop Badawi to the Exit Corridor
– from Hero to Zero - The Return of Sex Actor and Mahathirism
- Do you really trust Keris-Man or Desperate Housewife?
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March 25th, 2009 by financetwitter
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Comments
haha! if the the Disciplinary Council declare Kairi main wang politik, the next who garner the 2nd highest vote is Khir Toyo. So Khir should be made Ketua Pemuda instead of Mukhriz…Dr.M will be disappointed again.
Kairi (304 votes)
Khir (254 votes)
Mukhriz (232 votes)
hello anonymous … oops forgotten about khir so mahathir will indeed find someone to curse … he’s already boycott the opening … poor old man …
Hello Stocktube
Ya lah…Mahathir cancel his invitation…Haiya not sportinglah.
By the way, you do have interesting pictures n comments …very funny too.
Good work !!
Dear Stocktube,
The son of our 2nd PM has now “Destroyed” his own Malay, Muslim Hadhari party UMNO beyond “Redemption”
Even this BOZO Muhyiddin is still in Euphoric Denial Mode Dreamland….
This Incoming Deputy President Wannabe must be really “Desperate” to do his “Overkill” on his rival contender Ali Rustum & “Praising” his “Haprak Wannabe Incoming President”….
More so for his “Political Survival & his Business Agenda”, than for his Wannabe Incoming President, UMNO & the rayaat.
Therefore it would be his proposal for the invitation to Mahathir & not Pak Lah’s.
He badly needs Mahathir (More so his & Mukriz’s supporters) to be around as “Mentor” to his “Haprak Wannabe Incoming President” & himself (which he ochestrated for, in March & not June as agreed earlier by his two bosses)….
Now that Mukriz Lost to KJ….
How can Najib & Mahyuddin NOW expect Mahathir & Mukriz’s supporters to still support his camp….
Sad to see Najib & Mahyuddin be so blind & dumb to do their “Ostrich Mentality Act” without any regard to the “Resultant Backlash….
Can you imagine the “Impact” NOW….
Mahathir’s, Ali Rustam’s, Toyo’s & Mukhriz’s supporters NOW turning their backs on Mahyuddin….
To NOW support Mat Tyson to “Defeat” Mahyuddin!!!
All their Grandoise Plans of ALL their Incoming Wannabes will Backfire….
Remember “What goes round, will come round to “Haunt” these Desperate UMNO Ketuanan Beggars”
What I call “COLLATERAL DAMAGE” to their own “UMNO/BN Ketuanan” Warlords & their supporters….To DELIVER….
A “Royal Salute & Check-mate SLAP in UMNO’S/BN’s face.
Yesterday we saw Mukriz’s supporters “Protest” on the results.
Yes, the Police had to “Intervene” between the factions….at the UMNO AGM!!!
Today the Police & FRUs are on “Standby” & anticipating “More Protests” when the results come out later….
Through “Devine” intervention, UMNO, its Leaders & their Mercenary BOZOs are now “Outdoing & Destroying” each other with their “Power, Greed & Henious Crimes”
It may happen sooner rather than later….
What Wannabe committed in Perak….will be “Done onto himself”
“Devine Intervention” works “Wonders”….
& they are their own “Worst Enemies.”
We will see the Powers of Devine Intervention at work again on or before 28th Mar….
There will be a “MAJOR Revolt” of their own UMNO/BN Ketuanan downstream Leaders & supporters against their UMNO/BN Ketuanan Incoming UMNO President & Incoming Deputy, etc at the coming Assembly!
With the “Implosion of UMNO’s Incoming President’s “Hung AGM” on 28th Mar…
Let us all sit back & watch the fun “Fireworks & Implosion” on or before the 28th Mar….
Now you see why Pak lah, KJ, DSAI, etc are so “Relaxed & Cool” to the AGM….
Pak Lah’s 105 MPs & DSAI’s 77 MPs = 182MPs on their “Home Run”
They will be the ones having the “Last Laugh”!
All our prayers to God Almighty seeking “Sanity, Truth, Justice, Freedom & Equality” will be answered.
Hello stock-blogger..can i ask, how do you pay for the u.s tax after doing the options trading?
>>are you too doing investment(buying stocks) rather than just options in there?
So, Mahathir as an invited guest to the UMNO Assembly, wonder what’s he’s going to comment on his speech, to congratulate Khairy or remain adamant not re-joining umno since the son in law now has bigger portfolio.