Market Swimmer

AhBian6

noreply@blogger.com (Mkt swimmer) — Sat, 15 Nov 2008 18:19:00 +0000

AhBian4

noreply@blogger.com (Mkt swimmer) — Sat, 15 Nov 2008 18:14:00 +0000

AhBian3

noreply@blogger.com (Mkt swimmer) — Sat, 15 Nov 2008 18:10:00 +0000

AhBian's New Home

noreply@blogger.com (Mkt swimmer) — Sat, 15 Nov 2008 18:08:00 +0000

The Forbidden Kingdom

noreply@blogger.com (Mkt swimmer) — Mon, 03 Nov 2008 06:33:00 +0000

Fools Gold Full Version

noreply@blogger.com (Mkt swimmer) — Mon, 03 Nov 2008 06:15:00 +0000

Fools Gold in Chinese

noreply@blogger.com (Mkt swimmer) — Sat, 01 Nov 2008 23:12:00 +0000

Fools Gold

noreply@blogger.com (Mkt swimmer) — Sat, 01 Nov 2008 01:48:00 +0000

Properties fuel HK shares, Sinoma, China Railway leap

noreply@blogger.com (Mkt swimmer) — Sun, 23 Dec 2007 05:49:00 +0000

Friday, December 21, 2007

HONG KONG, Dec 21 (Reuters) - Hong Kong stocks rallied broadly on Friday as stabilising global equity markets lifted investor confidence and fund managers sought to dress up their portfolios before the year-end. Local property developers lifted blue chips as the city's ongoing inflation is expected to boost demand for real estate. Mainland infrastructure plays dominated the day's trade as newcomer China National Materials Co. (1893.HK: Quote, Profile , Research) rallied nearly 24 percent at one point, a day after its strong debut. China Railway(0390.HK: Quote, Profile , Research) was also a star performer, as the world's third-largest construction contractor leapt on talk that it had won a bid for the high-speed Shanghai-to- Beijing railway project. Meanwhile, China's interest rate rise on Thursday was welcome news to investors, as it effectively removed an overhang in the market. "The Christmas rally is finally kicking in," said John Schofield. "The psychology of the market is finally changing and the latest interest rate increase (by China) is good news." "It's been such a bad six to eight weeks ... we'll see a reasonable uptick in the last week of the year." The benchmark Hang Seng Index <.HSI> closed up 2.3 percent, or 609.83 points, to end at 27,626.92, for a weekly gain of 0.2 percent. China Enterprises index of mainland H shares <.HSCE>, or Hong Kong-listed shares in mainland companies, gained 1.6 percent, or 249.03 points, to 15,981.81, up 0.2 percent for the week. Among property shares, Cheung Kong (0001.HK: Quote, Profile, Research) gained 4.5 percent to HK$140.6 and Sun Hung Kai (0016.HK: Quote, Profile , Research) raced up 4.2 percent to HK$160.2. The Hang Seng property sub-index <.HSNP> shot up 4.2 percent. Other large-cap gainers were Sinopec Corp (0386.HK: Quote, Profile , Research)(SNP: Quote, Profile, Research) (600028.SS: Quote, Profile , Research), which leapt 2.3 percent to HK$11.58. The country's No.2 oil and gas producer said it had found gas in northeastern China with 26 billion cubic metres of recoverable reserves. China Life (601628.SS: Quote, Profile , Research) (LFC: Quote, Profile , Research) (2628.HK: Quote, Profile , Research), the country's top life insurer, raced up nearly 3 percent to HK$40.6 and PetroChina (0857.HK: Quote, Profile , Research)(PTR: Quote, Profile, Research)(601857.SS: Quote, Profile , Research) scurried up 2.4 percent to HK$13.84. China Mobile (Hong Kong) Ltd. , (0941.HK: Quote, Profile , Research) (CHL: Quote, Profile , Research), the world's largest wireless telecoms provider, rose 2.2 percent to HK$137.80. Reuters Reuters

China fuel shortage may persist in 2008 -industry

noreply@blogger.com (Mkt swimmer) — Sun, 23 Dec 2007 05:45:00 +0000

BEIJING, Dec 21 (Reuters) - China may again experience a fuel shortage in 2008 if Beijing maintains a tight lid on domestic oil prices, an industry association said, a situation likely to keep the country's diesel imports high.

The world's second-largest oil market suffered through widespread diesel rationing in October and November, after refineries cut output to stem looses as global crude prices surged above $90 a barrel.

"If refined oil prices are not freed up and crude prices stay high, private refineries will continue to stand and watch, leaving the supply burden on two state companies," the China Petroleum and Chemical Industry Association said on its Web site www.cpcia.org.cn.

"New refining capacity will not be ready immediately, (existing) plants are unable to carry out thorough maintenance, making safe operation the weakest link in the supply chain."

CPCIA has the support of retired top executives of state oil giants Sinopec Corp (0386.HK: Quote, Profile, Research) and PetroChina (0857.HK: Quote, Profile, Research), the Web site shows.

China's independent oil processors, supplying 10 to 15 percent of the country's 7.5 million barrel-per-day market, had cut production drastically, a main factor behind the supply squeeze that eventually forced Beijing to raise pump prices in November, the first increase in 17 months.

State refiners had to boost diesel imports to nearly record levels, second only to the United States, supporting global prices at a time of peak winter demand. (For details see [ID:nSP24624]) (Reporting by Chen Aizhu; Editing by Edmund Klamann)

Reuters

Happy Holidays,

Marketswimmer

Wall Street vs. Main Street

noreply@blogger.com (Mkt swimmer) — Sun, 16 Dec 2007 23:14:00 +0000

Wall Street was disappionted at FED's 25 basis point rate cut and investors started dumping their shares, causing 300 points ups and downs on the Dow. But Main street is looking okay, the newly released holiday sales number is good, 1.2% jump which is the best in 6 month. Lehman Brothers reports record net revenues and earning beats the Wall street expectation. So what went wrong? When we are confused, we should look at how the big guys digest the news and how to put their bets.
My computer contracted some kind of virus and haunted me for a week, and I missed the COT report, which basically indicated that the institutional investors (smart money) increased their holding on S and P -- we can see the result in the pre-FED announcement the market was up; at the same time those guy mysteriously bought a lot of call option contract for VIX index -- which prepared them to dump shares after the FED announcement. The headline showed up in the media was Fed only cut interest rate by 0.25, instead of 0.50 the market expected. Did the Smart Money know this ahead of time or their computer was so good that allowed them to calculate the odds for this to happen and formulated the winning strategy accordingly? I don't have the answer to this and your guess is as good as mine. But the fact is the fact, the clue was there, everything happened just like they follow the script. Amazing, isn't it?
A lot of the volatility was caused by the institutional program trading and day traders following suit, so don't worry about them too much.
Oh, another thing, the Smart Money also reduced their short positions on oil (or bought oil contract), predicting that the cold weather would sweep the Mid-West, which let the Oil price jumped at least $5 to plus $90 per barrel.
If you like the data and graphs, please leave your comments and I will post them later.

Here is the table of Commercial positions published on Dec. 7th of 2007:

Index	Trader Group	12/2/2007	12/7/2007	Difference	Open-int
Dow	Commercials	1197	2421	1224	36127
Nasdaq	Commercials	7471	8359	888	52715
Russ	Commercials	5421	4992	-429	38287
S&P 500	Commercials	29720	46177	16457	657039
Oil	Commercials	-54002	-45283	8719	1382526
VIX	Commercials	3894	12603	8709	59689

Thank you and I am open for discussion on the resutls

Market Swimmer

CSIQ, a Chinese Solar Company Broke All Time High

noreply@blogger.com (Mkt swimmer) — Sat, 08 Dec 2007 18:55:00 +0000

CSIQ - a stock I recommended earlier (click Recent Picks), closed at $18.7 yesterday, broke all time high. Any retreat from this level is our buying opportunity.

Now, here is more information on Chinese solar energy companies:

With more than 10% growth per year, China's economy is an unstoppable train. I call it "the money train". The booming Chinese economy makes it heaven for the hyper-growing companies there. We as investors are having a once in a life time opportunity to benefit from these unique global market conditions. Our focus should be on the Chinese stocks, or ADRs traded on Wall Street.

Another unique opportunity comes from the global-warming issue. Coupled with high oil prices, global warming makes the renewable stocks a gold mine for investors. Governments all over the world are now willing to subsidize clean energy, and even the UN declared that massive investments should be done. For example, China's energy czar, Chen Deming, said that China needs $265 billion in investments to meet its renewable energy goals for the next 12 years. $265 Billion! The US has a 'twenty in ten' target, China has a 10% target for renewables by 2020, India has a 10% target by 2012, and EU countries have recently signed up to a 20% mandatory target for energy consumption from renewable sources. In 1997, Ernst & Young predicted global investment in renewable energy would reach US$70b by 2006. At the time, this figure was considered ambitious, but in fact, investment in the renewable and clean energy sector reached just over US$100b in 2006 and could rise to over US$750b by 2016 at current rates of growth.

Vertical integration in this context refers to integrating the different steps in the Polysilicon Based Solar Module production process. Module production involves four steps in chain event:

Use the raw material sand (SiO2) to produce a very pure form of silicon called polysilicon.

Use polysilicon to produce wafers and ingots.

Use wafers and ingots to produce solar cells.

Use solar cells to produce solar modules.

Manufacturers are yet to immerse in vertically integrating the whole process. There are a few getting their feet wet - Trina Solar (TSL), Yingli Green (YGE), Suntech Power (STP) and Canadian Solar (CSIQ).

Trina produces solar modules from polysilicon and has plans in the offing for very large scale polysilicon manufacturing.

Yingli also has business plans along similar lines. They are yet to announce any plans to produce polysilicon.

Suntech is focused on the wafer to module business currently.

Candian Solar started out focused solely on producing solar modules from cells but since then has expanded to wafer to solar cell production line and has announced plans for a polysilicon to wafer and ingot line.

The table below compares these 4 manufacturers (click to enlarge):

The sophisticated investor should try to enjoy both worlds of opportunity; if you seek cheap Chinese energy stocks, you will enjoy the benefits of fast growing industry (clean energy) in a comfortable economic environment (China). In the renewable stocks sector, there is the solar industry, which enjoys the fastest growth rate, so the sophisticated investor should look for his gold there.

But one should be careful in picking those stocks, since most of them are not as cheap as they used to be only few months ago. To name few: JA Solar (JASO) with expected P/E=56 for the year and f P/E=36 for 2008, Yingli Green Energy (YGE) with expected P/E=81 for the year and f P/E=42 for 2008, or Sunpower (SPWR), investor's favorite, with P/E=89 for the year and f P/E=59 for 2008.

Those are not so cheap, but if you're willing to give your trust to fresh IPOed stocks, you can check Canadian solar (CSIQ) with an expected forward P/E=13 for 2008, or Trina Solar (TSL) with an expected forward P/E=14 for 2008. Oil is now already above $90 and we should see another boom in the Chinese Renewable Stocks.

Enjoy,

Market Swimmer

Free Investing Training Center Updated

noreply@blogger.com (Mkt swimmer) — Sun, 02 Dec 2007 21:32:00 +0000

I have updated the Free Educational Center. For more information, please click on the EDUCATION button on the menu bar.

Education Center is a result of cooperation and joint effort from Market Swimmer and Online Trading Academy. We believe you can learn how to trade from the professional traders and acquire many valuable skills which can benefit you from your personal investing and trading.

In this edition, we focus on Forex free training courses, here is an example of related subjects:

Free Online Forex Training Contents

Introduction

Presented by Mike McMahon

Can I be a Forex Trader?

What is FOREX?

FOREX Facts

History of FOREX part 1

History of FOREX part 2

Near History

Forex Forward

Online Forex Trading - Traditional

Online Forex Trading - New Wave part 1

Online Forex Trading - New Wave part 2

Benefits of Trading Spot FX

Liquidity

Leverage

Trading Hours (EST) part 1

Trading Hours (EST) part 2

Never a Bear Market

Free and Fair Flow of Information

Global Economic Calendars

What's Hot?

Markets Do React

Participants in FOREX

Investors and Speculators

Fours Ways to Trade CUrrencies

Trading Forex part 1

Trading Forex part 2

Trading Forex part 3

Trading Forex part 4

Forex - Guide for Quoting Convention part 1

Forex - Guide for QUoting Convention part 2

Trading Forex

Calculating Pip Values part 1

Calculating Pip Values part 2

Sample Trade - Long

Sample Trade - Short

Margin Requirements

Risk Management

Risk Management - Stops

Online Forex Trading - New Wave

COES Fx Platform (video)

Conclusion

I will circulate a few stock trading free courses on the news letter. If you would like to get one, please subscribe my feeds through FeedBurner or Feedblitz (on the top left or right). After about 2 weeks I will post on my site on the Education section. Also if you don't want to subscribe my feed and still want a copy of the free materials, just read Vince Rowe section and leave a message on this post or using the contact form, I will send you a link right away.

If you want me to post any of the free courses on my web, please drop a comment.

Enjoy visiting my web and get free stuff!

Market Swimmer

COT Report and Morning News

noreply@blogger.com (Mkt swimmer) — Fri, 30 Nov 2007 13:20:00 +0000

One of the unique features of this site is that we follow smart money by checking government's COT report. The delayed report was released on Monday afternoon, I was busy yesterday and I feel the need to make a table and publish the results today. Here is the table:

Index	Trader Group	11/19/2007	11/26/2007	Difference
Dow	Commercials	-69	292	361
Nasdaq	Commercials	10273	6569	-3704
S&P 500	Commercials	45139	33256	-11883
Russ	Commercials	4776	4855	79
VIX	Commercials	4177	4051	-126
Oil	Commercials	-23136	-28584	-5448

These are the net positions of commercial traders (institutions and hedge funds) on various indexes on last Tuesday, they provide a rare opportunity for us to check into the sentiment of the institutional traders, commonly known as the "Smart Money".

Remember, even the smart money can be wrong sometimes and these are the numbers in the past, the market sentiment can change in any moment based on news, earning release and rumors.

Biotech stocks were very strong in Tuesday’s session and could be at a major turning point in the group’s two-month decline.

Chinese Market News Brief

Oil giants upset with Ecuador's tax rise:
President Rafael Correa of Ecuador shocked investors in October by raising the windfall tax from 50 percent to 99 percent, grabbing nearly all the extra oil revenues generated by foreign firms above a set contractual price.

This has had a huge impact on PetroChina, Sinopec and Sinochem; they all have investments in Ecuador. It's reported that PetroChina and Sinopec are preparing to seek help from international arbitration organizations. Sinochem has a US$200 million investment in Ecuador; the company is also preparing to renegotiate their contracts.

According to Xinhua News Agency, Correa arrived in Beijing on Monday for a week long state visit. Senior officials from PetroChina and Sinopec are expected to meet the Oil Minister of Ecuador to discuss the oil tax. However, insiders said that it is not likely that the Ecuadorian side will compromise.

Enjoy,

Market Swimmer

Cyber Monday and OSTK

noreply@blogger.com (Mkt swimmer) — Mon, 26 Nov 2007 17:19:00 +0000

OSTK -- 20% Discount?

CNN Lou Dobbs Reported:

The Wall Street is waiting for the Black Monday retail sales number. According to the early estimates, the un-official Christmas holiday start shopping is surprisingly strong, Black Friday sales jumped 8-9% over last year!

At the same time, people are celebrating the first official "Cyber Monday", the online e-retailers have been pushing special offers and promotions to draw consumers.

On Friday, the biggest shopping of the year, regular retailers sold over $10 billion gifts/products in their shopping malls and department stores.

Expert estimates that the online store will sell nearly $700 million consumer products on Cyber Monday, enjoy 20% increase year after year. One of the emerging star of e-retailer is Overstock.com (OSTK). This is from Yahoo News:

As the online holiday shopping season officially kicks off Monday, a number of retailers are hosting one-day sales or special offers for the occasion. The Monday after Thanksgiving, tagged "Cyber Monday" by the National Retail Federation, marks the first big online shopping surge for many merchants, as consumers go back to their work computers.

Toys "R" Us Inc. will hold a one-day online sale and rival eToys.com will launch a two-day sale. Wal-Mart Stores Inc. will begin five days of online-only sales.

Online jeweler Blue Nile Inc. will give customers 20 percent off purchases paid through PayPal, eBay Inc.'s electronic payment division. Target Corp., Circuit City Stores Inc., Sears Holdings Corp., Crate & Barrel, the Discovery Store and Overstock.com Inc. are among dozens of retailers offering free shipping that day.

I just turn on my radio at 1320 AM in Houston, at about 7:50 AM when I took my kid to school (oh, I missed Paul Harvey, I hated it) and Patrik was on the radio. He said (this is important, please take a note of it)

Overstock just signed an agreement with Paypal, anybody shop on OVERSTOCK today with get free-shipping (small potato, he always gives free shipping)

And shop with Paypal will get 20% money back! This is huge, I couldn't believe my ears, I need to check on this and tell my wife. Could somebody check it out for me?

OK, this is confirmed, I got this from his website:

I will see if I can get recording from the podcasting, and report to you later.

Here are the audio files, courtesy of Brent Clanton. I made a comment on his blog yesterday - 26th - asking for the interview audio files, he sent to me by email last night and read my comment on the Radio this morning - 27th.

Patrick Byrne Part-I

Patrick Byrne Part-II

Thank you Brent for your files and kind comments on your radio show (Houston BizRadio 1320 AM) about my blog!!!

To access Brent's blog, please look for a link on the right sidebar- "Brent Clanton" .

Market Swimmer

CFTC Delayed Release of COT Report

noreply@blogger.com (Mkt swimmer) — Mon, 26 Nov 2007 17:17:00 +0000

US Commodity Futures Trading Commission usually releases COT report every Friday at 3:30 PM. But last Friday was a holiday, so the releasing has been delayed till Monday the 26th.

The major indices chopped higher in a narrow range day to end the holiday-shortened week. This quiet action should give way to a major move, higher or lower, by the middle of this week.

After market close on Monday, we should check on the government COT report to peek into the trading actions of big institutions, looking for clues of future market direction.

At the present time, the market seems over-sold, both commercial traders and small individual investors think the market is due for a bounce. We will see if market can hold the gain or not.

Other website development:

I have installed a software piece for "Gravatar" - Global Avatar! Avatar refers to a profile picture a visitor can use when he/she leaves a comment on a post.

What is an Avatar?

A computer avatar is a personalized graphic file or rendering that represents a computer user. There are basically two types of avatars: those used at websites, such as on Web exchange boards, and those used in gaming and virtual worlds.

The simplest type of avatar is a small graphics file used on websites. Websites that offer chat boards often allow members to upload an avatar to represent themselves. The avatar can be a real-life digital photo of the person using it, but is more often an image intended to be a creative alter ego. This might be a game-rendered snapshot of a beast, hero, or heroine; a humorous picture of a pet or cartoonish character; or a design that makes a statement. The avatar appears alongside the user’s comments, easily identifying the author for others at a glance.

You can go to www.kaneva.com to experience the virtual reality, or go to http://www.findavatar.info/ to pick up an Avatar you would like. To create a GLOBAL AVATOR, which means that you can go anywhere and leave your comments with one digital image you prefer, please go to http://site.gravatar.com/signup to create an account by using your email. Remember, Avatar is free and fun, you create one to satisfy your own ego, my responsibility is to make sure it will work on my site. We don't maintain your Avatar in anyway. On the other hand, an Avatar is not required to leave comments on my site.

I encourage all of you to give it a try and leave your comments on this board. To give you an example, I and a new friend "deep blue" a couple of comments on the last post http://marketswimmer.com/?p=147. Please take a look. If you have any problems, please let me know.

Have a terrific holiday season,

Market Swimmer

The Market Kicks off the Holiday Season with a BIG BANG!

noreply@blogger.com (Mkt swimmer) — Sat, 24 Nov 2007 04:42:00 +0000

Markets were closed for the Thanksgiving holiday on Thursday, and Friday trading closed early at 1 p.m. Eastern time. Expectations for this holiday season had been lowered following drops in consumer confidence surveys.

"Take the consumer confidence readings, they're just numbers from surveys," said Paul Mendelsohn, chief investment strategist at Windham Financial Services. "But now we're finding out what consumer spending is really like, so the weekend numbers will be very important for the market."

The Dow Jones Industrial Average ($INDU 12,980.88, +181.84, +1.4%) rallied 181 points to finish at 12,980. The S&P 500 index ($SPX 1,440.70, +23.93, +1.7%) gained 23 points to 1,440, while the Nasdaq Composite ($COMP 2,596.60, +34.45, +1.3%) rose 34 points to 2,596.

Remember, this is a short session and a lot of traders are shopping for their holidays. Nevertheless, let's celebrate the impressive market move by watching a Youtube Chinese music piece - Huo Yuan Jia (adapted from a Chinese Kung Fu movie):

Enjoy,

Market Swimmer

P.S. Forget about trading for a moment, I just watched a movie - "The Family Man" - starred by Nicolas Cage (released in the year of 2000) on NBC. It's an old one, but pretty good. A hedge fund manager "Jack" turned into a tire salesman, married with "Kate", having two kids. A personal note, little Swimmer just got an offer from a big hedge fund in NYC, I am a little worried about it. Anyway, please check it out if you have not seen it:

I missed the beginning, see more on my "YouTube" page:
Market Swimmer YouTube.

SSE Index Dipped 1.5%, But Hong Kong Stocks Gain

noreply@blogger.com (Mkt swimmer) — Wed, 21 Nov 2007 14:05:00 +0000

Share prices drop slightly on Wednesday

Chinese share prices on Wednesday dropped slightly with the benchmark Shanghai Composite Index, which covers both A and B shares, dipped 79.47 points, or 1.50 percent, to 5,214.23. The Shenzhen Component Index on the smaller Shenzhen Stock Exchange dropped 239.29 points, or 1.41 percent, to 16,748.19.

The Hushen 300 Index, accounting for 60 percent of the nation’s stock market value, was down 71.76 points, or 1.42 percent, to 4,997.62.

(Xinhua News Agency November 21, 2007)

HK stocks gain 1.13% on turnaround trading

Hong Kong stocks rebounded from a huge deficit of more than 1,000 points in early trading to close 311.04 points higher at 27,771.21 on Tuesday.

The blue-chip Hang Seng Index opened 876.53 points, or 3.19 percent, sharply lower at 2,6583.64 under the combined impact of Wall Street's overnight slump and the Chinese mainland market downturns in early trading.

The index plunged as much as 1,055.89 points, or 3.85 percent, to the day's lowest 26,404.28 during the morning session.

nvestors chose to scoop up cheap equities when trading was resumed in the afternoon, encouraged by the turnaround performance of markets on the Chinese mainland and Japan.

Investors' orders for market heavyweight China Mobile, together with oil and steel sectors, boosted the index out of the negative territory in the afternoon to close 311.04 points, or 1.13 percent, higher at 27,771.21, just off the day's highest level at 27,851.31.

Turnover rose to 146.41 billion HK dollars (18.83 billion U.S. dollars) from Monday's 103.96 billion HK dollars (13.37 billion U. S. dollars).

China Mobile, the country's largest mobile phone operator and the market's largest stock measured by capitalization, pared its early losses and rebounded from the day's lowest 125 HK dollars to close 1.97 percent higher at 134.4 HK dollars.

HSBC, another market heavyweight and the city's largest bank, narrowed its losses by dipping 0.22 percent to 135.2 HK dollars. It once fell to the day's lowest 132.3 HK dollars.

Bank of EastAsia rose 4.77 percent to 50.55 HK dollars while BOCHK fell 2.84 percent to 19.18 HK dollars. BOCHK announced Monday it has bought a 4.94 percent stake in Bank of EastAsia.

PetroChina, the largest oil producer in China, rose 2.2 percent to 14.84 HK dollars. CNOOC, China's largest offshore oil producer, surged 5.93 percent to 13.22 HK dollars. Sinopec, the largest oil refiner in Asia, leaped 4.61 percent to 10.9 HK dollars.

Hong Kong's property companies were mixed. New World Development fell 3.82 percent to 26.45 HK dollars while Sino Land lost 2.76 percent to 24.65 HK dollars. SHK Properties gained 1.96 percent to 149.8 HK dollars. Cheung Kong gained 0.79 percent to 139.7 HK dollars.

Hong Kong Exchange and Clearing Limited, the market's sole operator, dipped 0.61 percent 228.2 HK dollars.

The H-shares index, which was composed of companies registered on the Chinese mainland, gained 332.21 points, or 2.01 percent, to close at 16,867.38.

Most of China's Banking and financials rebounded. ICBC, China's largest lender, rose 2 percent to 6.12 HK dollars. CCB, the second largest bank in China, gained 1.78 percent to 7.44 HK dollars. Bank of China slid 0.47 percent to 4.26 HK dollars.

China Life, or the country's largest life insurer, recovered 2 percent to 43.45 HK dollars. Ping An gained 0.92 percent to 88.15 HK dollars.

Iron and steel sectors all jumped over rising sales prices. Angang Steel jumped 8.19 percent to 21.8 HK dollars. Maanshan Iron surged 10.71 percent to 5.48 HK dollars. Shougang International gained 1.16 percent to 3.49 HK dollars.

(Xinhua News Agency November 21, 2007)

Guru View

noreply@blogger.com (Mkt swimmer) — Tue, 20 Nov 2007 13:27:00 +0000

Developing Stories:

Evidence of significant commercial interest on the long-side for crude oil - as of last week.

Commercials continue to sell the US dollar as its dropping to record lows. This is very bearish: Key resistance at 76. So if we rally above 76, watch out for a short squeeze.

The US stock market remains weak after breaking below key levels a few weeks ago. We may see a bottom soon, as the indexes are nearing key support, while the NASDAQ-100 is displaying relative strength...

PTR enters major stock indices

noreply@blogger.com (Mkt swimmer) — Mon, 19 Nov 2007 13:25:00 +0000

PetroChina Co Ltd (Symbol PTR in RS stock market), China's largest oil refiner, was today added to the Shanghai Stock Exchange series indices and the China Securities Index series indices, including the CSI300 index.

As of last Friday's close, PetroChina shares had shrunken almost 25 percent to 38.32 yuan from an opening price of 48.6 yuan on November 5, when Asia's most profitable company was listed in the Shanghai bourse.

Last Friday, PetroChina shares had a total market value of 6.14 trillion yuan, accounting for 23.2 percent of the total market value of all shares listed in Shanghai. PetroChina has left the Industrial and Commercial Bank of China (ICBC) far behind. Previously the heaviest weight in Shanghai, ICBC shares on Friday accounted for only 7.93 percent of the total market value of the Shanghai exchange.

Calculated on the closing price of the Shanghai Composite Index on November 16, or 5,316 points, PetroChina took up 1,097 points. In other words, if PetroChina's share price changes by 1 percent, the benchmark Shanghai index will move 10.97 points.

Calculated on the closing price of the CSI300 index on Friday of 5,007 points, PetroChina weighted 111 points. That means if PetroChina share price changes by 1 percent, the CSI300 index will move 1.11 points.

Based on PetroChina's closing price of 38.82 yuan last Friday, a price change of 0.01 yuan would cause the Shanghai Composite Index to lose 0.31 points. Supposing PetroChina had been included in the index on Friday, its gain of 0.91 yuan that day would have led the index to go up 28.21 points.

Please book mark this site, the only reliable source for Chinese Stock Market.

To take your free training sessions, check the Education on the menu bar.

Or do your Holiday Shopping (menu bar) on AMAZON and WIN $10,000!

(Based on China Daily November 19, 2007)

COT Report

noreply@blogger.com (Mkt swimmer) — Mon, 19 Nov 2007 03:32:00 +0000

According to the government sources, the commercials changed their net future positions of various indexes as the following:

Index	Trader Group	11/9/2007	11/16/2007	Difference
Dow	Commercials	-1093	-69	1024
Nasdaq	Commercials	6050	10273	4223
S&P 500	Commercials	46398	45139	-1259
Russ	Commercials	4754	4776	22
VIX	Commercials	119	4177	4058

They increased their long positions in NASD slightly, but they were big buyers of VIX index, expecting volatility to increase.

Last week's volatile action is giving a marginally better look to the index charts as we head toward the Thanksgiving holiday but there are still no bottoming signals in place.

Market Swimmer

Holiday Shopping

noreply@blogger.com (Mkt swimmer) — Sun, 18 Nov 2007 13:57:00 +0000

Buy holiday spirited movies on Amazon.com.

Look for a particular title on the lower box
Some of them have free previews (for example: Bionic Woman)
Click on the "blue" link in the right box to go to Amazon
You can even download 2 hours movie onto your computer!

Amazon.com Widgets

Have fun.
You can always come back to the Online Shopping Department on the new Blogsite.

You can also find the latest movies such as "Lust and Caution" at Online Shopping Department

Market Swimmer

Your Training Needs

noreply@blogger.com (Mkt swimmer) — Fri, 16 Nov 2007 13:01:00 +0000

In response to the overwhelming requests on TRADER'S TRAINING, I created this new website. The new website has the following advantages to the old one:

First of all, the new site protects your privacy better. On the old site I could only use the simple web contact form. As a result, my own email address was exposed, I started receiving spam. On the new website platform, both your and my email addresses are not exposed in any of the contact forms, some of them even have an intelligent function to distinguish if you are a human or a robot. So anything you filled in is well protected, all your information is secure and nobody can spam you.

Secondly, to serve you better, I teamed up with "Online Trading Academy", the world most trusted name of investor/trader training organization, to create a Financial Education Center where you can find the best professional trading materials no matter where you are located in the world. They have 10 - 15 locations in the US, and several locations in Singapore and Europe. I will create a menu page on the menu bar dedicated for training purpose (we can run streaming videos and podcasting) if there is enough interests. If you would like to have it please leave comments or contact me with the contact form.

I created several links on this site, some of you may find it confusing. Here is a guideline on how to use them:

If you are anywhere in Texas, USA, you can click on the menu on the top shown as "Vince Rowe", where you can get access to the investing legend's own blog site and podcasting from Houston - BizRadio, also if you would like you can use our in house contact form to send me a note, I will send you a direct link to a TRADER'S TRAINING streaming video free.

If you are any where in the world, please find the right side bar and click on the icon with a red star. This will lead you to a Financial Education Center (notice the Swimmer logo on the top, kind of neat, huh?) where you can do your shopping on training courses and finding your free training sessions ($100 worth). If it's too frustrating to find the right one, please contact me with the contact form, I will send you a direct link via email.

Or you can click the big banner on the left, this is an online store where you have variety of choices ranging from personal training materials, CD's DVD's to to "hard core" 7 day training courses (which Swimmer has never gone through).

Hope all these can benefit you and satisfy your training needs. If you have any comments or questions, you know how to get a hold of me, don't you? Just use the contact form or make comments on any of the posts, I will respond to you as quickly as I can.

Take care,

Market Swimmer
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BIDU - A BUYING OPPORTUNITY - CITIGROUP SAYS

noreply@blogger.com (Mkt swimmer) — Thu, 15 Nov 2007 12:59:00 +0000

CITIGROUP SAYS BAIDU.COM IS ATTRACTIVE BUYING OPPORTUNITY, MAINTAINS BUY

Citigroup analyst Jason Brueschke says Baidu.com (BIDU) shares lost 30% of value in five days. He says the sell-off appears to have been caused by Cisco Systems' (CSCO) disappointing outlook last week for its U.S. enterprise business, but says Baidu's China search market has little fundamental correlation with near-term outlook for US router demand.

Brueschke notes that the company guided for accelerating fourth quarter revenue growth, and posted very strong third quarter fundamental metrics. He says BIDU remains his top pick in China Internet for 2008. He has a $425 target price, based on target multiple at a 70% premium to China Internet peers, mainly due to BIDU's higher-than-peers EPS growth prospects and potential of China's nascent search market.

Chinese Market Roar!

noreply@blogger.com (Mkt swimmer) — Wed, 14 Nov 2007 14:37:00 +0000

Encouraged by the more than 300 points gain, China Shanghai Composite Index (SSE) increased almost 5%.

Sharp gain of Chinese stock market also lifted Hong Kong market, which a lot of people treat it as gate way to the less accessible Chinese market. The latest news -- Apple is going to China!

HONG KONG, Nov 14 (Reuters) - Hong Kong blue chips jumped nearly 5 percent on Wednesday, boosted by Wall Street gains, asChina Mobile (NYSE symbol, CHL, 0941.HK: Quote, Profile, Research) surged after the wireless operator said itis talking to Apple Inc (AAPL: Quote, Profile, Research) about offering iPhones to Chinese wireless market.

Hong Kong-listed China plays bolted 6.8 percent, with Sinopec Corp (SHI in US, 0386.HK: Quote, Profile, Research) rallying up to 12 percent on expectations easing
crude prices will widen the refiner's margins.

AAPL jumped more than $5 after the news release. As people worried about over valuation of Chinese stocks, there are some less known chinese ADRs traded in US actually having very attractive fundamentals. For instance, the following Chinese stocks have very low forward PE ratios:

CBAK, CSIQ, ACTS, ASIA, GSOL

JRJC is a little high in PE, but this stock took a hit lately, expect to rebound.

Enjoy,

Market Swimmer