Archive for April, 2009

Transportation – Silly PR Stunt and PKFZ Scandal Revisit

Isn’t it both funny and laughable to read how the prime minister opted the cheap-skate method of doing their PR stunt? The sleepy former PM may have left us for good to enjoy his forever honey-moon period but I bet everyone can still recall how he took a ride on LRT in an attempt to […]

... written on Apr 27 2009

Local Stocks are defying the Gravity, once again

There’re reasons why the stock markets are such an interesting place and always compared to casinos. If you’ve been into casinos the view of gamblers shouting on top of their voice as if they were possessed by ghosts is common. Middle-age women could sit for hours playing slot machines and sometimes you wonder how on […]

... written on Apr 24 2009

Interest Rate Hike on Non-National Cars – Why?

Investors were doing the right thing by dumping financial stocks. At least they’ve realized the stupidity of keeping these stocks knowing the worst is not over. Citigroup plunged 19 percent and Bank of America erased 24 percent with Dow Jones tumbled 3.6 percent or 289.60-points. There’re only $109.6 billion left in the $700 billion bailout […]

... written on Apr 21 2009

Oracle offered $7.4 billion for Sun after IBM walked away

After IBM walked away from the initial deal to acquire Sun Microsystems, it’s Oracle turn to offer the company for $9.50 a share or about $7.4 billion. Earlier Sun Microsystems was kinda outraged that IBM lowered the offer price from $10 to $9.40 a share. Interestingly both Oracle and Sun Microsystems were the leaders during […]

... written on Apr 20 2009

Citigroup’s Accounting and Najib’s Political Creativity

Let’s clear the confusion on this company called Citigroup Inc. (NYSE: C, stock) which suddenly attracted all the cheers from the trading floor because the financial giant had done something extraordinary and awesome – it made money. However I thought you should know the creative accounting behind this great story although I believe many saw […]

... written on Apr 19 2009

Beats Earnings – Blinded by Excessive Low Expectation

Citigroup Inc. (NYSE: C, stock), once the mightiest and largest financial institution of the United States of America and one of the components of Dow Jones Industrial Average index but now considered to be one of the most troubled U.S. banks reported its smallest quarterly loss since 2007. The bank posted a first-quarter loss to […]

... written on Apr 17 2009

The Worst is Not Over Yet but We Can Survive, only if …

Wall Street was behaving as if the worst was over which saw investors snapping stocks in anticipation of a reverse to the bearish market. Everybody was trying to prove that they managed to buy at the lowest. It sure feels good if your prediction was right. After all how many can beat Warren Buffett in […]

... written on Apr 15 2009

Thailand’s Turmoil – 8 Reasons Why it Won’t Happen Here

I was away taking a short break since the U.S. stock market was closed on Friday for Good Friday. In the process I’ve disconnected myself from the outside world, no TV, internet or whatsoever. And when I came back tons of things happened but nothing beats the chaotic crisis happening in Thailand. A summit meeting […]

... written on Apr 13 2009

Mahathir-Najib Cabinet, Losers but Cronies are Welcome

The much-awaited new cabinet (no, it’s not kitchen cabinet) list is out and everybody is talking about it or rather digesting the difference compared with the previous one. In the process the Altantuya murder case which came to an end after the death sentence was delivered for both killers, never mind they have no freaking […]

... written on Apr 10 2009

Bukits for PR, Batang for BN – What does it Means?

Newly crowned PM Najib Razak, his deputy Muhyiddin Yassin, his three knights Vice Presidents (cousin Hishammuddin Hussein, Zahid Hamidi and Shafie Apdal) and his mentor Mahathir Mohamad must be scratching their heads till now on what went wrong with their strategies. It was a great relieve *yippee!!!* that the opposition PR (Pakatan Rakyat) retains their […]

... written on Apr 07 2009

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