Government
General Motors Corp. has notified its shareholders – a reverse stock split of 1 share for 100 shares held. What it meant is shareholders will basically hold only 1 share for every 100 shares they currently own. It’s a huge loss but then it’s better to have 1% of something than 1% of nothing. Shareholders […]
... written on May 06 2009Money was not the main driver to people who are already filthy rich. People such as Bill Gates do not have to worry about money so much so that his “real job” now is running the Bill and Melinda Gates Foundation. Politicians especially from certain countries in Asia are also filthy rich but don’t expect […]
... written on May 04 2009Isn’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 2009There’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 2009Investors 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 2009Let’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 2009The 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 2009Newly 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 2009Chances are high that whoever win the coming by-elections in Bukit Gantang and Bukit Selambau the majority will be razor-thin. Forget about Batang Ai because the BN will take that back home for obvious reason – instant noodle Maggie mees are sufficient to do the trick. On the pessimistic note, PR (Pakatan Rakyat) could lose […]
... written on Apr 06 2009Everyone knows whenever there’s a change to the premiership not only political landscape changes but also the stock-market landscape. When Mahathir called it a day in 2003 almost immediately his cronies listed companies were affected. The same goes to Badawi although his departure doesn’t have the same impact due to his short-term in office. And […]
... written on Apr 03 2009
