Archive for November, 2009

U.S. Subprime and now Dubai Subprime – More to Come?

Looking at how poorly Maxis stock price performs since it’s relisting in the local stock market, those who didn’t get it through the supposingly transparent IPO balloting and was sulking can now grin from ear to ear (didn’t I tell you so? *grin*). The stock didn’t get to touch RM6.00 a share (as I expected […]

... written on Nov 30 2009

Didn’t get Maxis IPO Shares? Stop Sulking, Be Happy

Much has been written about how unfair it was in the Maxis relisting IPO shares allocation. To recap the horror story, existing Maxis shareholders (that’s Ananda Krishnan and his geng) agreed to give up 30% of their share for the purpose of the IPO of which a whopping 27.67% was to be allocated to institutional […]

... written on Nov 12 2009

Why Stocks didn’t take cue from Jobless Rate?

Recession may be over, at least for now, but the same cannot be said about U.S. unemployment market. The jobless rate surprisingly surpassed analysts’ estimate (of 9.9%) to a staggering 10.2% in Oct, higher than Sep’s 9.8% jobless rate. Strangely enough the stock markets, both Dow Jones and Nasdaq, didn’t take much cue from the […]

... written on Nov 09 2009

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