2012-RESOLUTION:if the market is not flattish by end of year,then my upmkt in 2012 will be valid!I WISH I WILL REVERT BACK TO MY 2009 DAYS OF EARNING 350K SGD in one year + MY PAGEVIEWS IN MY BLOG TO EXCEED 10,000.MERRY 2012 EVERYONE

31DEC2011-PLEASE NOTE--

31DEC2011-MY BELOW PREDICTION WILL BE TRUE ONLY IF SSE DOES NOT MAKE A NEW LOW(<2130) by end JAN2012 if that happens,that means SSE will hit 3000,3200 by NOV/DECEMBER 2012,FOLLOW THE ALTERNATING NOV/DEC-APRIL-NOV/DEC-APRIL PATTERN

if that happens,that means SSE will hit 3000,3200 by NOV/DECEMBER 2012,FOLLOW THE ALTERNATING NOV/DEC-APRIL-NOV/DEC-APRIL PATTERN

31dec 2011-HOW CAN STOCKMARKET BE PURE GAMBLING WHEN IT IS SO "WELL PLANNED"?LOOK AT THE AMOUNT OF DROP-CONSISTENTLY SAME!!

30dec2011-TALE OF 3 DRY BULK SHIPPERS-GO FOR DRY BULK SHIPPERS WHICH ARE STILL PROFITABLE AMID BDI PLUNGE 80%

I KNOW DRY BULK SHIPPERS WONT RECOVER SO FAST DUE TO OVERSUPPLY IN SHIPPERS BUT ALL THE DRY BULK SHIPPERS STOCKS HAVE ALREADY FALLEN IN EXCESS OF THE BDI PLUNGE.SO ANY INCREASE IN DRY BULK SHIPPERS STOCKS WILL BE EXPECTED SOON.WAIT FOR THE OPERATOR TO ENTER THE DEAD DRY BULK SHIPPERS 1ST AS YOU DONT KNOW WHEN THEY WILL ENTER(I WILL TEACH U HOW TO SPOT THEIR ENTRY).YOU SURELY DONT WANT YOUR HARD EARNED MONEY TO BE TIED WHEN THEY TAKE THEIR OWN SWEET TIME TO ENTER. POSITIVE DIVERGENCES IN DIFFERENT COUNTRIES SAME INDUSTRY STOCK CHARTS DO NOT GUARANTEE IT WILL GO UP RIGHT NOW.(IT MAY STAY STAGNANT FOR MONTHS)BUT ITS SURE A POWERFUL SIGNAL THAT ENABLED ME TO BUY STOCKS IN MARCH END 2009.I STILL KEEP MY CONTRACTS WITH ME AS PROOF.

28dec2011-I BELIEVE U ALL HAVE EYES TO SEE FOR YOURSLEVES HOW TECHNICAL THE STOCKMARKET IS,HAS IT ANYTHING TO DO WITH NEWS??

23dec2011-I MADE A MISTAKE JUST NOW-THE DATE OF MY POST SHOULD BE DEC23 2011,NOT 2010

23dec 2010-INTERNALS OF HANGSENG

23dec2012-sp500 most likely trend IF 3RD HUMP IS FORMING NOW.but if 1200 breaks,NO 3RD HUMP and a return to 1000 MAX

19th december 2011-SHANGHAI COMPOSITE 3RD WAVE(5WAVE UP) IN 5-3-5 WAVE FORMING

5 WAVE up-THE MEGA BULLRUN TILL 2007, 3WAVE downTHE CORRECTION FROM 2007-2008 5WAVE UP,FROM NOW TILL AROUND 2015(SYNCHRONIZING WITH HANGSENG 32K) in this 5wave up,WE ARE ASSUMING 1.2180S IS THE FINAL LOW,NO MORE THAN THAT AS 0.382 X 1664-3476 = 2356,AS WAVE 2 IN ELLIOTT 5 WAVE UP CANT BE MORE THAN 61,8% OF WAVE1.2180S IS NOT SO FAR AWAY FROM 2350s.BUT IF IT FALLS TO BELOW THE 23.6%,2091,then THE ELLIOT 5WAVE UP PATTERN WILL NOT HAPPEN IN WAVE 3,ELLIOTT THEORY STATES THAT IT WILL BE THE LONGEST WAVE UP,PEAKING AT AROUND 1.618 X 1.8K=2.9K.WE ADD 2.9K TO 2.2K WE WILL GET THE 78.6% FIBO OF 6120-1664 RANGE. WAVE 5 WILL PEAK AT THE SAME HIGHS AS 2007=6120 AND IT WILL BE THE START OF ASIA CRISES.

17dec2011-3RD HUMP IS STILL FORMING IN SP500,WITH SHANGHAI REVERSING,BACK TO 1ST HUMP SCENARIO

LET ME DO THE HONOURS OF SUMMARIZING AGAIN THE SP500 10WEEKS UP PATTERN AND COMBINE WITH SHANGHAI COMPOSITE AND HANGSENG, 1ST 10WEEKS UP PATTERN(DATE MEANS WEEK STARTING DD/MM/YEAR) MAR09 2009-MAY4TH 2009 SP500 +40%(666-930) SSE +27% (2066-2625) HSI +54% (11300-17400) 2ND 10WEEKS UP PATTERN JUL13 2009-SEPT14 2009 SP500 +23% (869-1069) SSE -4.4% (3098-2962) HSI +22% (17700-21600) 3RD 10WEEKS UP PATTERN 2NOV 2009-JAN4 2010 SP500 +10.5% (1036-1144) SSE +6.7% (2995-3196) HSI +3% (21700-22300) 4TH 10WEEKS UP PATTERN FEB15 2010-APRIL19 2010 SP500 +13% (1075-1217) SSE -1.2% (3018-2983) HSI +5% (20200-21200)(ACTUALLY HANGSENG TURNED DOWN IN THE WEEK BEFORE,THE WEEK STARTING APRIL 12TH 2010 AND HAD DROPPED 5% FROM 22300s,HENCE THE GAINS ARE REDUCED BY 5%,initially the gains are +10%.IN LINE WITH SP500) 5th 10WEEKS UP PATTERN august30 2010-NOV1 2010 SP500 +15% (1065-1225) SSE +20% (2610-3129) HSI +20% (20600-24.9K) 6th 10WEEKS UP PATTERN NOV29 2010-FEB14 2011 SP500 +13% (1189-1344) SSE +1% (2871-2899) HSI +3% (22900-23600) ALL TIMINGS(10WEEKS UP,SOMETIMES 9,12 BUT MAJORITY 10)AND VALUES ARE APPROXIMATES. NEXT COMES THE CONSOLIDATIONS OF SP500 1.MAY11 2009-JUL6 2009(2MONTHS) SP500 -5.3%(929-879) SSE +19%(2625-3113) HSI +2% (17.4K-17.7K) 2.SEPT21 2009-0CT26 2009(1MONTH) SP500 -3%(1069-1036) SSE +6.8%(2962-3164) HSI +1% (21600-21750) 3.JAN11 2010-FEB8 2010(1MONTH) SP500 -9%(1144-1044) SSE -5.6%(3196-3018) HSI -9% (22300-20300) 4.APR26 2010-AUG23 2010(4MONTHS) SP500 -13%(1217-1064) SSE -11%(2983-2642) HSI -3+(-5)=-8% (17.4K-17.7K)(HSI ALREADY STARTED COMING DOWN ON WEEK STARTING APR12 2010,5% DOWN 5.NOV8 2010-NOV22 2010(0.5MONTH) SP500 -3%(1225-1189) SSE -8.5%(3129-2871) HSI -8% (24.9K-22.9K) 6.FEB21 2011-NOV21 2011(9MONTHS) SP500 -14%(1343-1158) SSE -16%(2827-2380) HSI -25% (23.6K-17.7K) PLEASE NOTE WHY HANGSENG FELL MORE THAN SHANGHAI AND SP500 BY 10+%??? BECOZ HANGSENG "OWES" THE SHANGHAI COMPOSITE 10+% BY NOT FACTORING IN THE FALL IN THE SHANGHAI COMPOSITE IN THE 2ND 10WEEKS UP IN THE SP500 PERIOD.DURING THAT 2ND 10WEEKS UP,HANGSENG IGNORED THE FALL IN SHANGHAI FROM 3.4K TO 3.1K AS SHANGHAI FELL FROM 3.1K APPROX TO 2962.THIS IS CALLED "PLAYING CATCH UP" STOCKMARKET DONT OCCUR BY LUCK.IT IS UP TO THE INVESTOR OR TRADER TO FIND OUT THE TRUTHS. EVEN IF SP500 3RD HUMP DOES NOT FORM TO 1500-1520 BY NEXT AUGUST2012,SP500 WILL ONLY FALL TO 1000 TO "CREATE" A DOUBLE BOTTOM SAME AS THE EURO CRISIS 2010.THERE WILL NOT BE ANY LONGTERM BEAR MARKET UNTIL 2015-2016.I MEAN BY LONGTERM BEAR ISNT JUST A 30% FALL IN >1YEAR FROM MARCH 2011 COUNTING.

7DEC2011-HOW AMAZING CASE SHILLER GAINS AND HSI GAINS IN 2000-2007 ARE approx SAME 100%!!

CASE SHILLER NOMINAL PRICE INDEX UP FROM 2000-2007 OF 100% APPROXIMATELY,ISNT THAT THE SAME RATE AS HANGSENG,STI UP FROM 2000? how funny the sp500 HIT DOUBLE TOP IN 2007 IS THE SAME TIME CASE SHILLER HIT PEAK,HIGHER THAN 2000PEAK AND ALSO SAME TIME AS ASIA STOCKMARKET HIT PEAK?????????? u add 7/8years(start of 2000 in stockmarket peak to usa property peak in 2007 ) to end of 2007 wont u get 2015/2016 approx in asia property??2015/2016 will be the repeat of 1981-82 whereby sp500 will only plunge 20+% to retest 1580 and bounce up to gain 13-14X JUST LIKE 1982-2000(110 TO 1500) BUT HSI/STI will plunge 70-80+% to CONFIRM SECULAR BEARMARKET started in 2007. HENCE I FIRMLY BELIEVE ASIA PROPERTY WILL BE THE CATALYST TO "CAUSE" ASIA STOCKMARKETS TO CONFIRM THEY HAVE ENTERED SECULAR BEARMARKETS IN 2007. WE TRADERS CAN ONLY CONFIRM A MARKET IS IN SECULAR BEARMARKET ONLY AT THE 2ND TIME IT TESTS THE ALL TIME HIGHS,E.G. IN 2007,SP500 HIT 1580 AND PLUNGE DOWN CONFIRMING USA STOCKMARKET IS IN SECULAR BEAR SINCE YEAR 2000. please refer to case shiller versus sp500 versus hangseng versus sti to confirm what i am saying.

4dec2011-the movements of 3BROTHERS from now to start of secular bull for usa

IN CHRONOLOGICAL ORDER:1.HSI HIT 25K WITH SP500 HIT 1580 AROUND 2014s,sti to hit 3400s.wasting time 2.sp500 breakout of 110 in 1980s,went to 1981 of 140 and also dropping to retest 110 in september 1981.(drop of -20%).hence im calling for a repeat of 1980-1981 whereby sp500 will breakout of 1580 to 1900s,2000(gain of 27%.hangseng will just retest 32k from 25K,sti will go to 4.5K from 3.4K 3.THEN THE ASIA CRISES PART 2 WILL THEN EMERGE WITH SP500 dropping only 20+% to retest 1570s again JUST LIKE SEPTEMBER 1981 BUT HK,SG WILL PLUNGE 70-80%,ASIAN CRISES DEJAVU 4. HSI WILL PLUNGE TO AS LOW AS 6.5K,(-80% from 32K approx)the 1998 dejavu lowest point,sti will follow suit to 800(-80% from 4.5k approx).ASIA WILL THEN BE TRAPPED IN ITS OWN SECULAR BEAR MARKET FOR THE NEXT 16-20YEARS. 5.then from 6.5K hsi,800 in sti,BOTH WILL GO UP TO THEIR 2007 HIGHEST POINT(5-6X) WHEREAS USA will touch 1570 and go up 13-14X(a repeat of 1981-2000 SECULAR BULL MARKET IN USA from sp500 at 110 to 1500). NOW COME THE MOST IMPORTANT QUESTION-WHY HK/SGP WILL GO UP ONLY APPROX HALF OF USA?????(13-14X compared with 6-7X) YOU ALL MUST NOT FORGET HSI,STI DOUBLED in 2000-2007 WHEREAS SP500 WAS STAGNANT THROUGHOUT THESE SECULAR BEAR MARKET YEARS IN THE USA.THAT IS WHY YOU MUST DIVIDE THE GROWTH RATE OF SP500 BY 2 TO DERIVE THE GROWTH RATE OF HSI,STI. STRANGELY, THEY MATCH TO A TEE.SP500 WILL REPEAT 13-14X GAINS FROM 1570 TO 23000,WHEREAS HSI WILL ONLY BOUNCE from 6K,800 6-7X UP TO 35K,STI TO 4.5K I USED PAST TRENDS IN SP500+USA PROPERTY STOCKS BULLISH TREND+HK/SGP PROPERTY STOCKS BEARISH TREND+AN EXACT OF THE 1966-1982 SECULAR BEARMARKET IN SP500(SO FAR TILL 2011 IT LOOKS LIKE A VERY VERY CLOSE REPLICA) TO ANALYSE.I USE BOTH FUNDAMENTALS AND TECHNICALS TO SUPPORT MY VIEW. USA HERE I COME BABY!!

4dec 2011-everything falls into place like jigsaw pieces

from iproperty.com.sg-(they claim to be singapore's no.1 property website) HDB(mass market) started rising only when condos start to go down-i already told people that HDB is a laggard. as u can see for yourselves from that website,GCBs(landed) rose 100% from 60 to 120,condominiums also rose 100% from 70 to 140,HDB WILL LIKEWISE RISE 100% from 100 to 200.hence there is still room for a 10% rise in mass market HDB due to condominiums mood dampened. I DIDNT TALK WITHOUT PROOF-thats why i say asia property crisis will start from the SALARY RICH,ASSET POOR CLASS,THE CONDOMINIUM CLASS.but it wont be anytime soon,as singapore economy is still strong,HDB still hasnt rise to 200+ in the index. MOST IMPORTANTLY, USA FOMC HAS NOT RAISE RATES.ONCE THEY RAISE RATES, IT WILL BE ANOTHER NAIL IN THE COFFIN FOR CONDOMINIUM OWNERS AND MORE WILL DOWNGRADE TO HDB,causing HDB to rise to 200+ in the index.AND THAT WILL BE THE FINALE OF ASIA PROPERTY BOOM AS A WHOLE,starting the asia crises PART 2

4december2011-ANOTHER PROOF TO SUPPORT MY VIEW ASIA RESIDENTIAL WILL BE NEXT SHOE TO DROP IN 2016

let us compare usa property stocks and asia property stocks prices as at 2dec2011 USA industrial/office REITS:BXP:boston properties:2007max:120+,now 94 VS capitalmalls,C38u.si:2007max:4.30s,now 1.80s USA RETAIL REITS:CBL:2007max:50.now 14 VS capitalmalls(also doing retail in singapore,eg. bugis junction,plazasingapura)-C38U.si 2007 max 4.30s, now 1.80s USA RESIDENTIAL REITS:HME:home properties:max 2006:$65,now $54 VS CApitaland C31.si 2007 max:8+,now 2.60s kepland K17.si 2007 max:9.90,now 2.60 CDL,C09.si:2007max:18,now 10 SHK,16.HK:2007 max:170s,now 90s Henderson land:2007max:80,now 38 AN INTERESTING POINT TO NOTE IS USA RESIDENTIAL PROPERTY STOCKS WENT TO 2007HIGHS,THEN DROP DOWN recently(above 2010highs),BUT ASIA RESIDENTIAL STOCKS IN 2010 HIGHS IS MUCH LOWER THAN 2007MAX. USA DIVERSIFIED REITS: CLP-2007max:50,now 19 VS KREIT,keppel reit,2007max:3.50s,now 0.86 AS YOU CAN SEE FOR YOURSELVES ASIA RESIDENTIAL SECTOR STOCKS ARE HARDEST HIT,MUCH MORE THAN USA RESIDENTIAL STOCKS.USA RETAIL REITS AND ASIA RETAIL REITS ARE THE SAME HARD HIT AS BOTH ASIA AND WESTERN ARE FRAUGHT WITH DIFFERENT TROUBLES-ASIA IS SKYHIGH RENTALS BUT USA IS HIGH UNEMPLOYMENT.ANOTHER THING TO NOTE IS RETAIL SHOULD BE THE LAST TO RECOVER AS EMPLOYMENT IS A LAGGARD INDICATOR.

4th december 2011-HOW AMAZING THE RATIOS TELL A STORY!!

REMEMBER MY EARLIER TARGETS OF SP500 GOING TO 1900S,STI 4500, HSI ONLY TO 32K?? what do those ratios mean?? remember hongkong is a property crazy place,much crazier than singapore,PLUS THIER HKD FELL BECAUSE OF USD PEG,causing HK PROPERTIES TO BE WORSE THAN SINGAPORE PROPERTY BUBBLE. lets look at CAPITALAND, a blue chip company listed on SGX,a sti component and compare with sti (ALL VALUES ARE APPROX AS IM LAZY TO CHECK THE EXACT)] STI 2004,2007,2010,NOW----1.7K,3.9K,3K,2.8K VERSUS CAPITALAND 2004,2007,2010,NOW--1.50,8+,4+,2.60 just as i predictED in my previous post,CAPITALAND TO GO BACK TO 2010 MAX,AROUND 4.50S WILL BE THE TIME WHEN STI GO TO 3.9K OR EVEN HIGHER TO 4.5K. WHY 4.5K??? lets see for yourselves how "telling" the ratios are capitaland 2.60s to 4.50s approx 70% HSI 19K to 32K-approx 70% STI 2.7K to 4.5K--approx 70% SP500 1.1K to 1.9K--approx 70% BY JUST THE RATIOS,WE NOW KNOW WHY ASIA PROPERTY STOCKS FIRST PLUNGE MORE THAN MAIN INDEX IN 2011.IT IS JUST TO CREATE SPACE TO RETURN TO 2010 LEVELS. IT ALSO TELLS US WHERE THE NEXT CRISIS WILL COME FROM-from asia property bubble!! I PREDICT WITH FACTS,NOT ANYHOW FEEL,BULLSHIT WITHOUT FACTS.WHEN THINGS HAPPEN SO COINCIDENTALLY--U KNOW IT IS ALL PREMADE,PRE PLANNED BEFOREHAND!! HOW CAN ANYONE BUY EXPENSIVE PROPERTIES WITHOUT LEARNING THE STOCKMARKET FIRST?????????????

3rd december2012-CUT AND PASTE FROM CNBC:GUPPY PREDICTION OF SHANGHAI EXACTLY IN LINE WITH WORLD EQUITY REBOUND

Shanghai Index Could Rally to 2,760 After Soft Landing: Charts Published: Tuesday, 29 Nov 2011 | 6:57 PM ET Text Size By: Daryl Guppy A weakening China economy is a further weight on global indexes. The current global fall may have been started by the euro zone collapse but many have looked for resilience in the China economy and China demand to help lift other economies. Some counties like Australia have built an entire economic recovery strategy based on assumptions about continued China growth. The key China question revolves around the ability of the government to manage a soft landing. Although this is seen as evidence of a command economy, and therefore doomed to failure according to some, the policy initiatives are not much different in approach to those used in Europe with government sponsored intervention, and in America, with government sponsored rescue packages. The Shanghai Index[.SSEC 2360.66 -26.20 (-1.1%) ] shows a steady decline towards 2,300. This is a slowly moving downtrend and quite a contrast to the rapid collapses seen in the DOW[.DJIA 12019.42 -0.61 (0%) ], the DAX [.GDAXI 6080.68 44.80 (+0.74%) ] and the FTSE [.FTSE 5552.29 62.95 (+1.15%) ]. This slow downtrend confirms a soft landing for China, although this does not preclude a bump or two. The Shanghai Index is developing a triple bottom rebound pattern. The small double bottom, shown as points A and B, lead to a successful rebound. The height of this pattern is approximately 118 index points. The target for this pattern is calculated by measuring the distance from the lows to the peak of the rally and projecting this value upwards to give a target of 2,548. This target was not achieved because the resistance from the long-term downtrend line was too powerful. The market retreated from the long-term downtrend line. This retreat shows the long-term downtrend line is a very significant resistance feature. In the future, a close above this downtrend line will be a very powerful trend reversal signal. This is a weekly close seen on a weekly chart. The strongest support level is near 2,300. The 2,300 level acted as a support level in 2010 July and as resistance and support in 2009 February and March. A fall and rebound from support near 2,300 creates a triple bottom pattern. Target calculations for a successful triple bottom pattern are calculated using the same method of measuring the height of the central rebound rally. The third rebound point is somewhere near point C. If support near 2,300 is successful, then the distance to the peak of the most recent rally in November at 2,530 is approximately 230 index points. This value is projected above the peak of the rally at 2,530 and gives a long-term target near 2,760. The wider the separation between the rebound lows in the double and triple bottom pattern then stronger the pattern rebound. The first double bottom pattern between points A and B developed over 9 days. This suggested a weak breakout pattern. The time between the first point in the triple bottom pattern at point A and the possible third point in the triple bottom pattern at point C is already more than 7 weeks. This makes the triple bottom pattern much stronger and this increases the potential for a stronger downtrend breakout. The Shanghai Index has the potential to develop a triple bottom reversal pattern within the context of a broad consolidation base. This combination of features suggests a soft landing and a recovery. Daryl Guppy is a trader and author of Trend Trading, The 36 Strategies of the Chinese for Financial Traders –www.guppytraders.com . He is a regular guest on CNBC's Asia Squawk Box. He is a speaker at trading conferences in China, Asia, Australia and Europe. If you would like Daryl to chart a specific stock, commodity or currency, please write to us at ChartingAsia@cnbc.com. We welcome all questions, comments and requests. CNBC assumes no responsibility for any losses, damages or liability whatsoever suffered or incurred by any person, resulting from or attributable to the use of the information published on this site. User is using this information at his/her sole risk. © 2011 CNBC, Inc. All Rights Reserved

IN CHRONOLOGICAL ORDER 1)now,2011 end condominiums sentiment dampened by lending curbs,PROPERTY DEVELOPER STOCKS LIKE CAPITALAND -30%,KEPLAND-50% FROM 2010DEC TILL NOW ALREADY HINTED THE ROAD FORWARD FOR PROPERTY WILL BE DARK AND GLOOMY.those who bought CONDOMINIUMS,SALARY RICH,ASSET POOR,AFTER THE FOMC MAINTAINED LOW RATES WILL ALL BE "BURNT IN THE CAULDRON" when asia stockmarket gets entrenched in its own secular bear market. U THINK CAPITALAND,A BLUE CHIP FALL 30% IN 2011 FOR NO REASON??CAPITALAND-30+%,KEPLAND-50%,STI ONLY -20% HINTS TO U WHERE THE NEXT SHOE WILL DROP 2)us economy is expected to grow faster than asia as JP,MORGAN STANLEY raise USA GDP FORECASTS while asia GDP FORECASTS ARE LOWERED ALREADY GIVE U HINTS THAT THE NEXT SHOE TO DROP WILL BE FROM ASIA. 3)us economy recovers faster than expected,people now instead of flocking to asia,now flock to usa for employment.asia condominiums,NOT the mass market will be experiencing GHOST TOWN STATUS. 4)US FOMC RAISE RATES AFTER ECONOMY RECOVER,PUTTING A DOUBLE WHAMMY ON ASIA CONDOMINUIM OWNERS.hk,sgp CENTRAL BANKS follow FOMC raise rates(whats new?) 5)ASIA CONDOMINIUM OWNERS START TO FEEL THE PINCH AS INTEREST IS INCREASING WITH SOME BUYING MORE THAN 1 PROPERTY FACE THE RISK OF GHOST TOWN(NO RENTAL INCOME). 6)ASIA CONDOMINIUM OWNERS START TO DOWNGRADE TO MASS MARKET HOUSING,EG IN SINGAPORE,MANY WILL START TO BUY HDB FLATS,PUSHING UP HDB PRICES,PUSHING DOWN RENTAL YIELDS(AS NOW GOOD LOCATION HDB RENTAL YIELDS ARE AS HIGH AS 6%!!!) 7)asia stockmarket hit 2007PEAK,and start CRASHING 60-70% WHEREAS USA SP500 AFTER BREAKING OUT OF 1580,WILL GO TO 1900S,BEFORE DROPPING ONLY 30% IN RESPONSE TO ASIA PLUNGE 8)3-6MONTHS LATER,ASIA ECONOMIES FACE THE REALITY OF GDP TURNING NEGATIVE,RECESSIONS LOOMING AND JOB CUTS WILL BE ON THE RISE 9)ASIA CONDOMINIUMS WILL TUMBLE LIKE DOMINOES!!BUNGALOWS AND MASS MARKET WONT BE AS AFFECTED AS CONDOMINIUMS,AS MAJORITY OF CONDOMINIUMS ARE OWNED BY SALARY RICH BUT ASSET POOR PEOPLE. THIS IS MY SCENARIO.LETS SEE WHETHER IT WILL COME TRUE.

3RD HUMP IN SP500 STARTED BUT NEED HSI CONFIRMATION TO DOUBLE CONFIRM

SP500 HAS STARTED THE 3RD HUMP, PREVIOUS 2 HUMPS DURATION: 1ST HUMP:8MONTHS LOWS TO HIGH WEEK STARTING JULY13 2009- WEEK STARTING APRIL 19 2010(8MONTHS,TOTAL POINTS FROM LOWS TO HIGHS:875-1219 TOTAL 350POINTS APPROX 2ND HUMP:9MONTHS FROM LOWS TO HIGHS-WEEK STARTING AUG30 2010 TO WEEK STARTING APRIL 25 2010 (TOTAL 9MONTHS) TOTAL POINTS FROM LOWS TO HIGHS:1040-1370 TOTAL 330POINTS APPROX NOW 3RD HUMP WILL TAKE US TO 1160+(330-350)=1500 BY JULY/AUGUST 2012 PREVIOUS 2 HUMPS STARTED THE 10WEEEKS UPTREND ONLY AFTER FALLING BACK TO ACHIEVE A NEAR DOUBLE BOTTOM FROM THE PREVIOUS LOWS EG.1ST HUMP STARTED AFTER FALLING TO RETEST THE MAY2009 LOWS 2ND HUMP STARTED AFTER FALLING TO nearly RETEST THE WEEK STARTING JUNE 2B 2010 LOWS 3RD HUMP STARTS NOW THIS WEEK,WEEK STARTING 28NOV 2011, AFTER NEAR RETEST AUGUST 2011 LOWS BUT SAYING ALL THESE STILL NEED THE HANGSENG TO "COOPERATE" BY BREAKING OUT OF 20K INVERTED HEAD AND SHOULDERS formation ONLY AFTER HSI BREAK OUT OF 20K SUCCESSFULLY,THEN I DARE TO SAY 100% THAT IT IS THE START OF THE 3RD HUMP TO 1.5K IN SP500!! I AM WAITING FOR CONFIRMATION IN THE HANGSENG OTHERWISE IT WILL BE A ONE WAY DOWN TO CONTINE THE DESCENDING BROADENING WEDGE FORMATION TO 15K

15nov2011-sp500 to hit 1570 early2015,1900 by 2015end to mid2016.difference is asia will START secular bear market,and USA will start a secular bull

http://finance.yahoo.com/q/bc?s=%5EGSPC&t=my&l=on&z=l&q=l&c=

please observe the 1966-1982 consolidation period in sp500

LOWEST OF 1970S DROP WAS JULY1970 70.0,HENCE WE FIND OUT THAT IN 1966 OCTOBER 72.2(NEAREST)

1974OCTOBER,SP500 HIT LOWEST60.96,lower than 1970july lowest(reminiscent of 2007lowest lower than 2002 lowest)

hence:CONCLUDE:4YEARS TO NEXT LOW

DECEMBER1968-SP500 HIT 109.37 TOP

feb1973-sp500 hit 121.74 top

sept1978-sp500 hit 109

feb1980-sp500 hit 120 and breakout in 1980

conclude:as 1966-1980s 109 was the right and left shoulder max value before the headshoulders failed in 1980,we take 5years from 1968-1973-1978

LETS OBSERVE THE CURRENT CONSOLIDATION BAND
mar2000-sp500 max was 1552

october2007-sp500 max was 1576

lowest was in october 2002 was 768

lowest was in 2009 march was THE INFAMOUS 666

VERY MANIPULATED RIGHT???MARCH2000-OCT 2002(DOWN),OCT2002-OCTOBER2007(UP),OCTOBER2007-MARCH2009(DOWN)

hence we take 768 as the starting value and we see which was the earliest time sp500 hit 768,nov1996,this nov1996 will be treated the cut off point for the HORIZONTAL BAND FORMATION OF A SECULAR BEAR

we see an UNCANNY resemblance with 1966 band

from 768 in nov 1996- 2002october 768 was a total of SIX years,add to 2002,we will approx then get our march 2009 lowest(resembled the 1975 period when it went lower)

hence we evaluate the top:MARCH 2000 1552,OCTOBER2007 1576(SPACING OF 7.5YEARS)ADD THAT 7.5YEARS TO OCTOBER2007,WE WILL GET OCTOBER2014-MARCH2015 WHEN SP500 WILL RETURN TO REVISIT 1570

strange indeed!!!!!!!!!

1966-1980 HIGH TO HIGHS 5-5
lows to lows:4-4

CURRENTLY:sp500 high to highs:7.5-7.5??
lows to lows:6-6

VERY WELL PLANNED!!LOWS ADD 2,TOP ADD APPROX 2

PLUS IF U MULTIPLY 60%TO 19500=31000(19500 TO 31000),YOU WILL FIND OUT THAT SP500 IF MULTIPLIED BY 1.6 FROM 14NOV2011 VALUE WILL GIVE EXACTLY 1900-1940.

EVERYTHING TALLY FOR SP500 TO BREAK 1576 IN 2014-2015,(NOV1980,SP500 HIT 140 AFTER BREAKING OUT OF 120 IN FEB1980,RETESTED 120 IN OCT1982,AND THERE SHE GOES LIKE A ROCKET!!)go to 1900 by 2015 end AND WILL FOLLOW 1980-1982 STYLE OF DROPPING BACK TO RETEST THE BREAKOUT POINT OF 1576

ALL RIGHTS RESERVED

24sept2011-NEXT WEEK-starting 26th sept 2011 will be start of 10weeks up in usmkt and 3 weeks up in hangseng

why i say this?

REASONS:

1)the manipulation pattern in timing(round number) and points same as june 2010 euro "crises".except that some parts are different,eg.the drop FROM TOP TO LOWEST takes 2 months from may 2010 whereas the drop from may2011 takes 3MONTHS.

2)sp500 dropped a total of ard 100points this week to lows of 1114,same as THOSE FOUR WEEKS in july2010 where sp500 dropped from 1129 to 1039

3)STI ,the only developed country stock index is experiencing its FIRST ever 20% BEARMARKET technical definition since march 2009.80% multiply 3312=2650!!!

I SMSed ALL my friends in feb2011-"THOSE WHO BUY FROM ME NOW IN STI 3.2K WILL BE SELLING TO ME IN PANIC AND FEAR AT STI 2650"

4)hangseng pattern about to start 3 weeks up (SAME PATTERN from feb7 2011 to march 17 lowest base formation of 1500points 22500-24000 BUT hsi went lower below the 22500 base to 22123 lowest AND FROM THERE IT STARTED A MEGA 3 WEEKS RALLY TO 24500(A MEGA 2400POINTS RALLY!!)
HISTORY WILL REPEAT AS HANGSENG FOR 24 WEEKS SINCE THE LAST 3 WEEKS RALLY has not had any mega 3 weeks rally.

5)august 2010-sp500 went from 1039 to 1220,SAME as NOW IF U PROJECT UPWARDS:sp500 break out of 1200 will mean 1300 since base is 100points(200points as sp500 in june2010 1010-1220)and the next retracement after USMKT 10weeks up leg is around 40points,will bounce off the 1260 HEAD AND SHOULDERS BREAKDOWN NECKLINE

6)VIX DIDNT GO HIGHER

7)USD INDEX MEET THE TECHNICAL TARGET OF 78+(EXACTLY $2 FROM THE BREAKOUT POINT OF 74-76BASE)

8)now is exactly like the mar09 final bottom.LETS RECALL,mar09-hsi above oct08 lows,sti at oct08lows,sp500 10% lower than oct 08 lows VS now-sti,sp500 AT BASE LOWS 2700 AND 1100 whereas HANGSENG became the culprit to go around 10% lower that the 19300 closing

HANGSENG SHOULD RETEST 21000 THE SAME WAY THAT HANGSENG "BREAK DOWN" FROM 22500 TO GO TO 22100 TO REBOUND STRONGLY TO 24K IN FEB-APRIL 2011

MEGA TIP:1)enter monday morning BUT wait for FRIDAY NONSENSE(as hangseng collapse(mean retrace much of week's gains or make week negative) at either 10am,or 3pm friday for SIX consecutive fridays starting aug19 2011

2)CHECK FOR HSI NEXT WEEK CANDLEBODY(weekly candlebody MUST HAVE >400 POINTS TO COMMENCE START OF A NEW LEG UP IN HSI AND USMKT)

please note:candlebody DOESNT INCLUDE MONDAY GAP UP AMOUNT

EVERYTHING MATCHES TO A TEE

I PROVIDE 8 FACTS AND NOT JUST "FEELINGS".IM ALWAYS PROUD TO BE A PROFESSIONAL FULLTIME TRADER

hsi 3weeks up pattern

1)dec 27 2010 hsi open to week starting 10th january 2011 close total:1730 points

BUT TOTAL GAINS FROM last friday before week starting was only 1450

candlebody respective was 482,551,568

2)week starting march 21-week starting 4april:open to close:total 1995

TOTAL GAINS ARE: 2096

CANDLEBODY was 758,687,479

so from 19582 will hsi embark on THE THIRD 3WEEKS consecutive up pattern??

u add approx 1500-2000 points gain that will give us the all important channel breakdown resistsance line at 21000-21500

so far these last 3 weeks starting

1.august 15 2011-hsi open 20056,went up +450 points in first 3 days(WEEKLY CANDLEBODY)only to see hsi collapsing down 1100 points in 2 days to end down for the week.

2.aug 22 2011-hsi went up (WEEKLY CANDLEBODY)+450 points from monday open to friday morning 19919 only to see hsi collapsing in friday afternoon.

3. WEEK STARTING aug29 2011-hsi went up +1092 points from monday open to thursday highest before lunch BUT same tumbled on LATER PART OF THE WEEK (thursday afternoon +friday)and closed only+330 candlebody for the week.

THREE SUCH WEIRD TIMING,ALL IN LATER PART OF THE WEEK PLUS ALL 3 TIMES MUST TUMBLE DOWN TO "ENSURE" NO WEEKS IN THE 3 MOST RECENT WEEKS END WITH A >400PTS(AS IN THE PAST TWO 3CONSEC UP WEEKS) CANDLEBODY

SO FAKE AND THIS MANIPULATION PATTERN ENSURES STOCKMARKET IS NOTHING BUT PATTERNS,DIFFERENT NEWS IN THESE 3 WEEKS BUT IN THE END SAME REACTION EVERY WEEK--CANT BE PURELY COINCIDENTAL,right?

SHARESWIZARD SPEAKS AGAIN-FROM SHORT TO LONG

im back...as usual my targets came true..

why im going long from short now?

1.vix always has "wellplanned" time cycle of 1year 3months for top to the next top.vix weakness is seen on last friday when usmkt drop 1+% but vix only went up 0.89%

2. usd chart shows weakness

3. goldsilver chart shows well support at 45.usmkt has already plunged near 20% from 1370 peak BUT goldsilver ratio unable to go beyond 45.

4. sp500 has 2 humps that are "wellplanned"-both 350points.a)from 870-1220 b)from 1010-1370 NEXT should be 1100-1450

5. THIS PLUNGE IS NOT DUE TO RECESSION FEARS,ETC.IF U BELIEVE IN NEWS U ARE A TOTAL MORON.this plunge is simply there BECAUSE STI HASNT HAD A 20% CORRECTION SINCE MARCH2009.proof-in this coming week,sti will go lower to 2650 WHILE HANGSENG,sp500 will just return to their same lows,18900,1100.

THE WIZARD HAS SPOKEN--dated 20th august 2011

17th june 2011-targets next week sti2920,hsi 21350,sp500 1220

armageddon is here!!!colon cleansing,detox is here!!

27th may 2011-DIARY OF SHARESWIZARD-MANIPULATION PATTERN

MANIPULATION PATTERN--

WHY WAS HSI UP IN AFTERNOON ON VERY LOW VOLUME BUT USMKT AT NIGHT SHOOT UP?

PSYCHOLOGY:
AFTER the 488 point plunge in the hsi,IDIOTS ARE PETRIFIED of sudden plunge,so ANY GAP UPS "planned by the operator" will be seen as chances to escape from the mkt.TODAY HSI GAPPED UP ON LOW VOLUME WAS TO ABSORB THE IDIOTS' STOCKS WHILE MAINTAINING THE UPTREND OF THE HANGSENG.

ANY BLINDMEN CAN SEE THAT HANGSENG IS SUPER OVERSOLD AND WILL HAVE A SUPER MEGA 3 WEEKS NONSTOP RALLY VERY SOON.
condition:
1.sp500 MUST close between 1333-1337 BY FRIDAY,27MAY 2011 night(4am singapore time)

24th may 2011-hsi touch my 22700..tomorrow tgt buy cw june expiry if..

1)tonight usmkt reverse all losses

2)tomorrow hsi touch 22500 and go up..

3)if u want safer,then wait for hsi up 500pts in 1 week as the STARTING week of the 3 weeks up trend to enter.(but of coz higher)

19th may 2011- YOU SEE WHAT I SAY ON 17TH MAY 2011.DID IT COME TRUE??

stockmarkets are so PREDICTABLE

MY EIGHT YEARS IN THE STOCKMARKET NEVER FAIL ME

17th may 2011--recap 10weeks upleg theory in USmkts with hsi

will hangseng follow sp500 in last week,10th week?

1.1st 10week ending week,9th week-week starting may4th 2009-sp500 rallied 6percent,hangseng rallied 12percent BECAUSE SHANGHAI RALLIED 6PC (hk=shanghai+sp500),hk,shanghai,us all up

2.2nd 10week ending week,10th week-week starting sept 14 2009-hangseng up 2pc, sp500 up 2.5pc,SHANGHAI DOWN 1PC (hk=sp500+shanghai),shanghai down;us,hk UP

3.3rd 10week ending week,10th week-week starting jan4 2010-sp up 2.6pc,hangseng up 2pc,SHANGHAI DOWN 2PC(no relation)

4,4th 10week ending week,10th week-week starting apr19 2010-sp up 2pc,hangseng down 3pc,SHANGHAI DOWN 5PC (hk=shanghai+sp500),shanghai down;us,hk up

5.5th 10week ending week,10th week-week starting nov1 2010-sp up 3.6pc,hangseng up 7.7pc,SHANGHAI UP 5pc (hk=shanghai+sp500),shanghai,hk,sp500 all up

6.6th 10week ending week,12th week-week starting feb14th 2011(6th 10weeks upleg was actually a 12weeks upleg)-sp500 up 13%,hangseng up 3.3% only, shanghai up 2% (no relation)

7th 10weeks is just in the process-so far,starting from week starting mar21 2011-8weeks have passed,sp500 up 3.9%,hsi up 2.2%,shanghai down 2%(as of closing values of 17th may for asia,16th may for usmkt)

MY ANALYSIS:

HENCE IF 7th 10WEEKS upleg ending target is 1381 + the formula of hk=shanghai + sp500 is believed to continue in last 2 weeks of the 7th 10weeks upleg,then the 7th 10weeks upleg gains will be sp500-up 7.8%,hsi up6.3%,shanghai down 2%

HENCE MY TARGET OF HSI AT 23800-24000 STAND WITH SP500 AT 1381 AT THE END OF THE 10TH WEEK OF THE 7TH 10WEEKS UPLEG

NOTE ALL FIGURES AND FORMULAS ARE APPROXIMATE,NOT EXACT

14th may 2011-OH MY GOD!!7TH 10WEEKS upleg has STARTED ON MAR21 2011,tgt 1381

now 8th weeks of the 10weeks upleg has already past us.I APOLOGISE FOR REALISING THIS SO LATE!!!!the stckmkt operators are very cunning indeed,they change the pattern of this 7th 10weeks upleg a little bit-details i cant disclose,i can only disclose to people who pay me.I DIDNT DISCOVER UNTIL TODAY 14th may 2011

Fact 1:2 weeks up,2weeks down BUT the 2weeks down will be contained in the 2nd week up CANDLEBODY--repeated 2X since mar21 2011

Fact 2:the duration of each hump is COINCIDENTALLY same about 1 mth each to reach the support trendline

Fact3:the projection of the 1st hump is 60 points up,2nd hump is 50 points,3rd hump---40?????tgt 1380,78.6% fibo of 1576-666

11th may2011-as i said b4 usmkt no 1.5% to 2% plunge before sp500 hit 1381

we are indeed sailing to 1381,as predicted weeks ago.short at sp500 1381,hsi 24000,sti 3240

28th april 2011--EXPLAIN PLEASE FUCKAMENTALISTS.trading is very simple-FIND THE OPERATOR'S ALGORITHM

y us jobless claims up,us economic growth slows reports,us market can still dont plunge?
yah yah u will tell me because the economy is still weak,fomc will still have more QE,and will benefit stocks

WHO TOLD U THAT THIS MUST BE THE CASE?????????????

you all can trace the fomc's every transferring of the QE money?

dont bull shit

why cant fuckamentalists stop lying their way thru?my 8years of observing stockmarket day and night i see so much lies,haze,smokescreen,fog that makes you confused at the end.

FUCK U FUCKAMENTALISTS

i can even tell you from now till sp500 hit 1380,the USMARKETS WILL NOT PLUNGE by 1.5% to 2%.I NEVER CARE FOR WHAT NEWS POPPIN OUT,people ask me what the fed says, i reply HUH?ONE EAR IN ONE EAR OUT

28th april 2011-i "love" grandma story telling time AFTER stockmarket close

【收市解碼】港股倒跌收場 恒指再失二萬四
(經濟日報)2011年4月28日 星期四 18:02
【經濟日報專訊】今日為期指結算日，港股連續第二日高開低收，恒指高開210點後升幅收窄，午後更在A股拖累下一度倒跌過百點，全日跌87點或0.37%，失守24000點，收報23805點；國指跌132點或0.99%，收報13319點。主板全日成交略增，約776.49億元。

在期指結算日，即月期指收報23952點，升127點。下月期指收報23600點，跌61點。

藍籌股中，以中石油（00857）和中海油 （00883）表現最差，合共拖低指數逾50點。中石油跌0.36元或3.1%，收報11.24元；中海油跌0.4點或2.04%，收報19.2點。至於滙控則表現最好，收報84.45元，逆市升0.65元或0.78%。

除石油石化股外，內房股亦跑輸大市。國土部調控和監測司司長劉隨臣昨透露，全國實際閒置房地產用地遠大於13萬畝，未來政府將加大查處力度，令市場憂慮中央將加碼調控。另外，繼實施《商品房銷售明碼標價規定》後，發改委正研究實施樓市「反暴利」規定，調查發展商旗下項目的利潤，內房股則繼續捱沽，當中首創置業（02868）和碧桂園 （02007）跌逾4%。至於被內地傳媒指旗下物業項目謀取暴利的華潤置地 （01109），亦跌近3%，收報13.66元。

三大內銀公布業績前下跌

內銀股方面，建行（00939）、工行（01398）及中行（03988）公布季度業績前，股價相繼下跌，其中工行跌逾1%。至於昨公布業績的農行（01288），巴克萊雖認為業績有美中不足之處，仍維持其「大市同步」評級。農行逆市升0.64%，收報4.74元。

除農行外，部分首季業績佳的股份仍受棒，惟升幅收窄。首季多賺15.9%的中煤能源 （01898）升4.25%，收報10.8元；多賺28%的平保（02318）升0.47%，收報85.05元。不過，中午公布首季業績的中國建材（03323）其附屬公司北新建材，雖多賺33.37%至3,364萬元，仍跌0.79%，收報31.45元。

中金再生（00773）、中盈國金（00766）、威高（01066）及惠理（00806）等昨日配售的多隻股份，齊齊捱沽，當中以遭平保減持的惠理跌幅最大，跌逾6%，收報7.1元。至於中盈國金跌4.6%，中金再生跌3.24%，威高亦跌2.47%。

更多經濟日報網站內容, 請登入hket.com

BUNCH OF RUBBISH--using FUNDAMENTALS TO EXPLAIN WHY CHINA STOCK MARKET DROP AND INFLUENCE HK MKT

i aleady predicted 3am singapore time before the markets open at 9.30am

SUPER IRRITATING

THEN HOW DO THE FUCK UP REPORTERS EXPLAIN TOMORROW 29TH APRIL (shareswizard's scenario) of us futures drop BUT china go up,hk STILL DROP tomorrow?

why china MUST "drag down" hk today.28th april 2011?
why china go up,hk mkt still down for some days????(no bad news from hongkong)

EXPLAIN YOU FUCKAMENTALISTS!!!hahahaha

28th april 2011--APRIL 2011 MY VIEWERSHIP HAS DOUBLED OF AVERAGE MONTH,HIT RECORD!!

u look at how correct i am--

1.hsi nonsense (i predicted plunge 400points today,THE ONLY DIFFERENCE between today and feb 9th is that TODAY IT GAPPED UP 200 POINTS BEFORE REALLY DROP 400POINTS FROM THE TOP,feb 9th was open around feb8 close value and PLUNGE 400points,NO GAP UP OF 200POINTS)
2. hsi nonsense "caused" by china.china down 1%
3.us mkt going up

I SHALL PREDICT TOMORROW SCENARIO:

1. us futures during asia trading hours PLUNGE
2.BUT usmkt WONT PLUNGE at night
3.hsi end at 23500,sti 3150

U LOOK AT THE 2GAYS,HSI AND STI PARKING JUST ON TOP OF THE DIAGONAL TRENDLINE RESISTANCE TURN SUPPORT(drawn from 2 highest points),no wonder STI "waited" for hangseng today at 3180s vs hangseng 23800

more secrets i have discovered BUT im going share with my students ONLY

28th april 2011,3am(singapore time)--thurs,fri,next monday hsi will down total of 800-1000 points if im not wrong

prediction made on 28th april 2011 at 3am singapore time..

28apr2011,thursday excuse:china drop 1%

friday excuse:us fut plunge in morn

(today repeat feb7,watch out for the next week in hangseng.will be fantastic for my shorts)

if 28apr is flat then 29th apr and may2nd will be plunge days for hsi

21st April 2011-updates of shareswizard scenario

as in my sms to my friends and students yesterday:

SCENARIOS IN ORDER

1.sp500 close 1323 last nite(wrong as sp500 close 1330,hence sp500 going to 1344

2.21st april 2011,hsi is a doji,spinning top(yes im correct)

3. sp500 tonite,21st april close at 1343-1345.

4.hsi tuesday morning(monday is a holiday)will gap up and drop down......(ANOTHER HK LED,US FOLLOW REACTION)

LOVE
SHARESWIZARD

19th april 2011-NUMBER OF VIEWS EXCEEDED THAT OF MARCH 2011 AND HIT RECORD!!THANKS GUYS!!

wah Now is only 19th april 2011,views for my blog hit a NEW RECORD!!

LOOK AT THE TYPE OF PREDICTIONS IM DAM SPOT ON:
1.THE NATURE
2.THE TIMING,ALTHO 1DAY LATE

15th april2011(6PM SINGAPORE TIME)--WHY I KEEP MY HSI22600MBLEPW110530 PUT WARRANTS(SHORTS) OVERNIGHT??

it isnt usual for me to keep warrants overnight

WHY TONIGHT USMKT HIGH CHANCE OF PLUNGING?

1.usmkt hasnt taken the lead for many weeks,months if i can remember.it is hsi,sti 1st plunge,rise in the afternoon.,then usmkt will follow at night.

2. usmkt has not plunged ON ANY FRIDAY NIGHTS since jan28 2011

3. sti at resistance 3170

4.ratios of 3 brothers to support hsi22000,sp500 1200,sti 2900 is the same.

5. on jan28 2011,hk,sg mkts NEVER plunge in the afternoon,also after consolidating in a base(same as today)usmkt TOOK THE LEAD by plunging at night.

IF USMKT UP BY 1% TONIGHT,I WILL CUT LOSS MY HSI PUT WARRANT

A BIG THANK YOU TO YOU GUYS--FROM APRIL 1ST TO 12TH,MY BLOG VIEWERSHIP IS 80% OF AVERAGE FULL MONTH'S VIEWERSHIP

THANK YOU

12th april 2011-today is the 7th day,strange things happen on 8th day

on dec 15,was a down day,then came a 4day rally,then a straight line consolidation for 7days to dec31 with VERY LOW volume.

mar28 was a down day followed by a long candlebody on next day,4days rally,and a consolidation of 6days,TODAY is the 7th day!

we will get the confirmation of whether it is THE 7th 10weeks upleg OR a selldown to 1200 as early as TOMORROW,the 8TH DAY!!

If SP500 bounced off 1320 today and tomorrow,+hsi bounced off 23500-23700,the downtrend resistance line that it broke out from IN THESE 2days,today,or tomorrow,THEN IT IS THE FIRST SIGNAL of 7th 10week upleg.of course the confirmation of the 7th 10week upleg is sp500 MUST cross 1344.

DIFFERENCE:is that this time,the consolidation is on heavy volume

I WILL UPDATE AGAIN

9th april 2011-STILL no confirmation from usmarkets-still in the balance

after last night action.usmarkets still hang in the straight line consolidation phase,NO confirmation about 7th 10weeks upleg already started on mar21 OR a plunge down to 1200 for sp500

I will update again when there is confirmation

happy trading folks

8th april 2011--it is either start of 7th 10weeks from mar21 OR a drop to 1200

UPDATE:

dam it!still have not get confirmation!!

CRITERIA TO CONFIRM START OF 7TH 10WEEKS UPLEG STARTED ON 21ST MARCH2011

1.hsi did break out of downtrend resistance line at around 23.8K-24K
2.SP500 still havent break out of 1345

WE only have two scenarios

1.start of 7th 10weeks upleg-if it is proven true,this week ending 8th april will be the 3rd week,tgt sp500-1430,hsi 26500, sti 3300 look at charts of sp500 at dec22-31 2010.aint now look exactly like that?
we project the remaining distance of about 90points from jan1st 2011 to feb18 2011

hangseng during that time rose about 2000points

2.Or going down from here to test sp500 at 1200,where the rise since mar21 2011 CANT be counted as start of SEVENTH,7th 10th weeks upleg

WATCH THE DRAMA

4th april 2011-ONE STEP OF MY JIGSAW HAS BEEN FILLED.NOW final pieces:will sp500 hit 1345 tonite+sharp reversal down on wed morning when hsi reopens??

IT IS CRITICAL TIME to see whether the breakout in hangseng is real or fake.

CRUCIAL criteria:HSI MUST BOUNCE OFF 23800 ON ANY DIPS

april1st 2011-ALL matters is whether hangseng will have a steep pullback below 23500 NEXT week BETWEEN CASE 1 OR CASE2

judging by the momentum on the upside AND the fact that sp500 doesnt need to have a positive divergence in the WEEKLY charts before it can go up(proven in the 1st half which lasted from mar09-april2010)

i told you guys before it is either case 1:a sharp pullback to 1200 OR case 2:7th 10weeks upleg has already started last week

i also said:things will turn MORE bullish if sp500 go beyond 1320

now we must wait for hangseng to confirm able to hold above 23500 if it ever drops next week.

HSCEI has already broken out upwards-hangseng will likely follow hscei,resistance at 24k

please also refer to my earlier posts--i also said hangseng will break out upwards when sp500 in the 7th 10weeks upleg.we just need hangseng to confirm it,LAST PIECE OF JIGSAW PUZZLE

AFTER LAST PIECE OF JIGSAW IS COMPLETED,TARGETS FOR SP500=1420(>78.6% FIBO OF 1576-666)

31mar2011-hsi tmr morning 9.30am very delicious to short

wake up early to see the action BUT if china is bullish wait till 3pm

29march2011-if sp500 breaks 1320,then it is start of 7th 10weeks upleg

if not then it is case 1:plunge down to the below targets

25mar2011-I SIMPLY DONT UNDERSTAND WHY SINGAPOREANS WONT LISTEN TO ME TO STAY AWAY FROM S-CHIPS!SO MANY WAYS TO RIDE ON CHINA GROWTH-AshareETFs,Hshare

BELIEVE IN FUCKAMENTALS ABOUT LOW P/E,LOW P/B,CASH RICH,BLAH BLAH SHIT FUCKAMENTALS,3 suspended companies in ONE+ MONTHS
I AM 70% INVESTED IN CHINA,HONGKONG,YET I NEVER BEEN HIT BY EVEN ONE SUSPENDED COMPANY SHIT FOR 8YEARS!!!!these idiots deserved it

Mar 26, 2011
NEWS ANALYSIS

China Gaoxian scandal evokes chilling parallels

Similarities with FerroChina scandal in 2008 a scary reminder to stay vigilant
By Goh Eng Yeow, Senior Correspondent

China Gaoxian founder Cao Xiangbin sold 60 million shares at the point of listing.

IT MAY look like just another S-chip train wreck, but the accounting irregularities raised at textile maker China Gaoxian are far more worrying.

While China Hongxing Sports and Hongwei Technologies, which both reported accounting problems last month, listed more than five years ago, China Gaoxian made its debut only 18 months ago.

This makes this latest S-chip scandal all the more serious, because China Gaoxian listed six months after clean-up measures were implemented following a spate of earlier S-chip irregularities.

As one of the biggest IPOs of 2009, China Gaoxian was supposed to flag an all-clear signal to investors that it was back to business as usual for S-chips.

After all, its independent directors included Mr Philip Chan, a former listings head with the Singapore Exchange.

In January, China Gaoxian rode high on a strong vote of investor confidence to raise $240 million from South Korean investors after getting its stock sponsored as a depository receipt listing in Seoul.

So its trading suspension this week is a big blow to the already tarnished S-chip sector and may sound the death knell for similar fund-raising exercises by other S-chips in Seoul.

It is also worth noting the interesting parallels between China Gaoxian and steel-coil maker FerroChina, which was suspended from trading more than two years ago.

Just to jolt the memory, FerroChina was also riding high with investors when it suddenly closed shop in October 2008, purportedly because banks refused to roll-over its short-term loans.

But as some traders noted, the warning signals had been there for years, if anyone had cared to look.

Company insiders had been whittling down their stakes, selling about 155 million shares, or 18 per cent of the company, between 2005 and 2008.

And as a company purportedly sitting on a huge cash hoard, it had short-term debts of 2.33 billion yuan, with banks taking literally everything - bank deposits, inventories, buildings - as collateral for their loans.

Now take a look at China Gaoxian and one will notice more than a passing resemblance to FerroChina.

The company's 2009 prospectus showed that executive chairman and founder Cao Xiangbin sold 60 million shares at the IPO issue price of 26 cents apiece at the point of listing.

A year later when the lock-up period ended for major shareholders, Carry Luck, a company owned by one Mr Hong Rong Zhi, lost no time in selling out too.

In just two days last September, Carry Luck sold 53 million shares at 19.5 cents apiece and another 25.1 million shares at 19 cents each - both well below the 26-cent listing price.

The sales took Carry Luck's stake to 4.99 per cent from 10.42 per cent.

Another telling sign: the company had raised $78.2 million from its IPO here in 2009 and another $223.8 million from selling 600 million new shares in Seoul in January.

Yet, like FerroChina, it had behaved like a cash-strapped firm, asking customers to pay up in cash and drawing down on its bank credit lines.

It was this contradiction that prompted the SGX to put a query to the company.

In hindsight, investors should have asked why China Gaoxian needed to raise so much cash over such a short period if its growth was self-sustaining. And what happens to that huge sum now? Is it still in the company's coffers?

And shouldn't a question have been asked about the huge sales of China Gaoxian stock by a major shareholder last September, at below the IPO issue price?

It is strange that irregularities could surface at China Gaoxian with FerroChina scandal still fresh in investors' minds. And it is a chilling reminder to all investors to stay vigilant at all times.

engyeow@sph.com.sg

25mar2011-look at my 24th mar 2011 predictions!!how true they are!THATS WHY I DIDNT SHORT THIS MORNING AT 9AM(singapore time)

1)i said if sp500 yesterday,24th ,close at 1310 or above,hsi,sti may gap up and come tumbling down.As ystd sp500 didnt close at >1310,hence hsi,sti today no tricks
2)next i said sp500 if close at 1320,may be start of 7th 10week upleg!AS USUAL,today sp500 touch 1319,highest point AND TUMBLE DOWN!!

HENCE THE MONDAY,28MAR2011,MORNING REACTION FROM HSI,STI WILL BE VERY CRUCIAL.IF HSI,STI GAP UP,THEN COME TUMBLING DOWN,SP500 WILL GO TO 1200-1230,STI 2880-2920,HSI21700-22000

IF NOT,THEN HIGHCHANCES OF START OF 7TH 10WEEKS UPLEG TO SP500 TGT 1381

NEXT WEEK VERY INTERESTING AS SHANGHAI ABOUT TO BREAK 3000 PLUS USMKT ABOUT TO START 7TH 10WEEKS UPLEG OR PLUNGE!!

24mar2011-IF SP500 CLOSE TODAY AT 1310 AND ABOVE,TOMORROW MORNING 9AM SINGAPORE TIME,I WILL SHORT HSI DOWN!

shareswizard has spoken

looks like my target of 22700 hsi,2980sti 1275 sp500 has been LENGTHENED by the market operator to 23100 hsi,3040sti,1310sp500,EXCEEDED MY PREDICTION BY 2%(i said B4 it is very normal for my targets to miss market operator targets by at MOST 3%)

tonight US market will SHOOT UP,"DESPITE" MOODY DOWNGRADE OF 30SPANISH BANKS AND PORTUGAL BOND FEARS--CNBC WEBSITE:Stocks To Open Higher Despite Portugal Fears 7.39pm singapore time

2scenarios
for tomorrow 25mar2011
1)if tomorrow hsi,sti reverse down,u will know this isnt start of 7th 10week upleg.
2)if sp500 tomorrow up to 1320,then THIS WEEK MAY VERY WELL BE START OF 7TH 10WEEK UPLEG!!

21mar2011-WHOEVER LONG HSI,STI TODAY ARE CLEAR IDIOTS-part 4

read my post below
17Mar2011-shareswizard gives new 4D,5D numbers-after shareswizard 1st set of numbers ALL HIT JACKPOT together

Excerpt-"ASSUMING THIS IS TRUE TOMORROW,hsi will be starting from 22700,sti at 2950,sp500 at 1275 FOR THE NEW leg of SELLDOWN next week!!--
hsi from 22700 to 22000(3%)
sti from 2960 to 2880(3%)--TODAY,21MARCH IT WAS 2980,BETTER as it fits my 3% closer
sp500 from 1275 to 1230,1230 is the FIBONNACCI,61.8% of 1580 to 666 range(3%)...."

because hsi last friday,when usmkt up 1.5% should go up to 22700 BUT it didnt,instead it went down!!hence the ratios are completed!!

WHY TODAY IDIOTS LONG?

For sp500 to go from 1280(friday closing) to up 7% to BEYOND 1340 is PREPOSTEROUS as hsi can go from 22200 to 23500 and sti from 2920 to 3120

EVERYTIME I CALL IDIOTS LONG HSI,STI IN THE AFTERNOON,either next day,OR following day will PLUNGE!--look to my below posts for proof.

SHARESWIZARD SAYS SO 21ST MARCH 2011 4PM SINGAPORE TIME

20MAR2011--WHY I SAY MARKETS GO DOWN FURTHER,IMMEDIATELY OVER THE WEEKEND THESE NEWS CAME OUT??

US Launches Missiles in Libya in 'First Phase' of Action
Published: Saturday, 19 Mar 2011 | 5:07 PM ET Text Size By: CNBC.com with Reuters

West pounds Libya, Kadhafi vows retaliation
By Imed Lamloum | AFP News – Sun, Mar 20, 2011 7:04 AM SGT

准备金率再次上调0.5个百分点 升至20%历史高位
2011-03-19 07:43 中国证券报-china raises RRR by 50bp again

if markets dont plunge on monday due to these bad news,it means operator wants to stop here,BUT technicals suggest another final leg down for this 1st downleg to end,THEN a technical rebound,THEN 2nd downleg to start

20march2011-EVEN STRONGEST QUAKE IN JAPAN,20 SINGAPOREANS "PAH SEE BUAY ZAO"

..20 S’poreans in quake-hit Sendai: We’re not leaving
By Ewen Boey

Sat, Mar 19, 2011 11:55 AM SGT

Twenty Singaporeans are still in Sendai, Japan, which is located 90 kilometres from the troubled Fukushima nuclear power reactors.

This is despite advice by Singapore's Ministry of Foreign Affairs (MFA), which called for all Singaporeans currently in Fukushima and Miyagi prefectures to leave immediately.

The evacuation advice was also extended to the neighbouring prefectures such as Yamagata and Niigata, as well as in the Kanto region (Tokyo, Chiba, Kanagawa, Saitama, Gunma, Ibaraki, Tochigi) -- that Singaporeans should consider leaving if there is no pressing reason to remain there.

A Singaporean in her early 30s who only wanted to be known as "Mary" told Channel NewsAsia that she is not worried as Sendai is not within the 20-kilometre exclusion zone established by Japanese authorities.

The Singapore Embassy has been in constant touch with her.

"They call me every day, at least once a day,(asking) 'Are you ok? Have you got food? Do you have the same address? Are you home now? Do you wish to leave? Do you wish for us to arrange something for you?'"

The public school English teacher added that the people in Sendai were calm and high radiation levels were not an immediate threat.

Mary admitted that she has been in constant contact with her family and friends, who are worried about her safety, but she wants to remain in Sendai because of her work.

"Most people have been saying, 'come home', and I'm saying 'I'm not coming home'. I would tell them 'it's ok, the media is exaggerating it'. I don't see anything to run away from. For many people, (they) like to play safe... when you're unsure, just move. But I've got work here," she said. ..................


even strongest quake in japan CANT deter 20 singaporeans PAh SEE BUAY ZAO from JAPAN!!!

which famous politician used the "pah see buay zao" comments 1st?

"Fair-weather Singaporeans will run away whenever the country runs into stormy weather. I call them 'quitters'. Fortunately, 'quitters' are in the minority. The majority of Singaporeans are 'stayers'. 'Stayers' are committed to Singapore. Rain or shine, they will be with Singapore. As we say in Hokkien, 'pah see buay zao'."
PM Goh, National Day Rally 2002

18TH MARCH 2011-sti hit 2970 and fell straight down to 2920!! both are my PREDICTED targets!

hsi was extrememly bearish today,unable to go even to 22700(MY PREDICTION),only maximum was near 22500

SET THE STAGE FOR A VERY INTERESTING NIGHT IN USMKT

17th mar2011-shareswizard gives new 4D,5D numbers,1230,22000,2880 very soon AND 1200,21300,2820 weeks after

2CASES TO BUY HSI CW AT 2 DIFFERENT TIMES case 1 1st THEN case 2 weeks,months after case 1

CASE 1:
sp500 1230
hsi 22000
sti 2880

CASE 2:
sp500 1180-1200
hsi 21000-21300
sti 2775-2820

WHACK HSI CW AT THOSE POINTS,CONFIRMED BY 3 BROTHERS WALK HAND IN HAND!!!
18th mar2011,friday UNLIKELY to whack CW hsi at 9am.

I NEVER WHACK HSI CW IN THE MIDDLE OF NOWHERE,I WHACK AT 90% CONFIRMED WIN SPOTS

yours sincerely
SHARESWIZARD

"Starting tomorrow or next Mon, STI v. strong recovery!!!!!!!"--http://forum.channelnewsasia.com/viewtopic.php?t=418345

---the rise in usmkt tonite is FACTORED IN sti today!because the target is 2920 very close to today 2940!forget about sti rocket up tomorrow even if usmkt(sp500) up AT MOST TO 1275!!!

lets look at bases in 3 brothers:
STAGE 1:building bases

1)sti at 3k base,sp500 at 1300base,hsi on uptrend of 7% from 22600-24000 from feb23-mar10(because hsi at 22400 support on feb23 2011)
2)once hsi break that uptrend diagonal line on mar11 2011,sti break 3K and sp500 break 1300 AT THE SAME TIME.
3)FROM MAR10 2011 to yesterday 16thmar2011,sp500 drop 50points,4%,hsi drop from 23500,5% to 22300,sti drop 3000 to 2940(2%)

scenario 1: EVEN if sp500 closes 1275 tonight,then sti up WILL NOT GO UP tomorrow,will be flat at 2940-2950!why?sp500 if today go up close at 1275,then it will be down 2% from 1300,sti at 2940s,is already 2% down from 3000base.
hsi will be up to max 22700,2% up tomorrow

scenario 2:ANYTHING less than close at 1275,hsi will readjust accordingly,sti may even drop a bit tomorow.

SCENARIO3: if sp500 close negative,selloff tomorrow!

shareswizard vote for scenario 1,2!!

STAGE2:
ASSUMING THIS IS TRUE TOMORROW,hsi will be starting from 22700,sti at 2950,sp500 at 1275 FOR THE NEW leg of SELLDOWN next week!!--
hsi from 22700 to 22000(3%)
sti from 2960 to 2880(3%)
sp500 from 1275 to 1230,1230 is the FIBONNACCI,61.8% of 1580 to 666 range(3%)

BECAUSE STI HEAD HEIGHT IS 200POINTS FROM 3320-3120,HENCE TARGET WILL BE 2920,so HERE IS A JUICY SITUATION to eat hsi cw as sti will open gap down at 2880s and recover ALL THE WAY TO 2920(at least)!!

STAGE 3:
then we will be going up from here---hsi from 22000 to 23500 [7%](that same downward trending diagonal line resistance connecting 24988,24434,23934.
sti from 2880 to 3075
sp500 from 1230 to 1300

THEN FROM STAGE 3,WE GO TO STAGE 4 TO CONCLUDE THE CONSOLIDATION
STAGE 4:
sti from 3075 to 2820
hsi from 23500 to 21300
sp500 from 1300 to 1200

SHARESWIZARD SAYS THESE 4STAGES ON 17TH MARCH 2011

16mar2011-im so good again!!!today i sense something is wrong in hangseng,sti,and i decided not to buy in the afternoon!!DEJA VU OF 2008 TRICK

why?
i was waiting for the perfect signal in the 16th mar2011 morning,YET it didnt come and the SAME TRICK THAT SPOOKED ME IN 2008 CAME BACK YESTERDAY AGAIN!!

what SAME TRICK?

there was a bottom ,NOT FINAL BOTTOM IN MAR09,in subprime crisis in 2008 that this trick 1st appeared to me.

i call this trick-"the stinginess of operator"

I remember very clearly in 2008,i timed the market bottom in sp500,i cant remember the value,it was ONLY 0.5% higher than the Support,the Longterm GUPPY MMA on the daily charts,then in 2008,i thought it was somewhere there,AS I DID NOT EXPECT OPERATOR TO BE SO STINGY TO TIME IT TO PERFERCTION AT THE LAST LONGTERM GUPPY MMA!!

in 2011march16,this trick resurfaced AGAIN!
sti,ON 15th march 2011 lowest was 2932,AND WAS MISSING MY 2920 target by 0.5% AGAIN!!
WHEN I SAW TODAY HSI WAS WEAK FROM OPEN,i suspected DEJA VU of this trick AGAIN!!

IF THAT IS THE CASE,THURSDAY,17TH MARCH 2011 WILL BE A PURGING DAY FOR HSI,STI and MARK MY WORDS--FRIDAY 18TH MARCH 2011,I WILL ENTER AT 9AM SHARP(SINGAPORE TIME)TO BUY HSI CALL WARRANTS!!

i phone dominic at 16th mar2011,3.40pm,singapore time, to sell his call warrant as i sense something amiss.

15th mar2011-I REPOST MY FEB24 2011 POST FOR U ALL TO WITNESS!!

FEB24 2011
[SHARESWIZARD GIVES YOU 4D,5D numbers!!

D=digit

22400,1275,2920--ALL THE 3 NUMBERS WILL BE TOGETHER AT THE SAME TIME HIT FOR A TEMPORARY REBOUND UP before a final drop to 1240 in sp500

P.S. note:IF THIS FRIDAY ENDED DOWN OR PLUNGE,THIS WEEK WILL BE CONFIRMED AS THE STARTING WEEK OF RETRACEMENT

ARE ANY OF MY PREDICTIONS VERY WRONG?please tell me..aint i the shareswizard telling u the possibilities in the details of how to recognize start of retracemnet week,timing of bases,etc..

BEING SHARESGOD DOES NOT MEAN I AM 100% RITE ALL THE TIME but just to show u im able to describe in details the scenarios.have i been terribly wrong?

DEC2010-FEB2011

1.short sugar at 35s

2.long shanghai at 2680s

3.long silver at 26-27s

4.short sp500 at 1320-1330s

5.short hangseng at 24k on 7feb2011

ALL THE ABOVE TRADES HAVE massive PROFIT IN 1,2,3 WEEKS!!this is what i call G-SPOT in trading]

GUYS COVER BACK YOUR US SHORTS TONIGHT

alert!!tonight is the night to cover back my sp500 short at 1330s!!

my INITIAL timing was feb18 2011 because of normal 10week uptrend.then it became 12 week uptrend and today mar15, ONE MONTH LATER,sp500 did hit 1275!!

AM I VERY WRONG?????????

PLEASE NEVER DOUBT MY 8YEARS STOCKMARKET EXPERIENCE!!I SLEEP,breathe AND EAT WITH THE STOCKMARKET

15th march2011-am i very wrong?PLEASE TELL ALL YOUR FRENS TO LOOK AT MY PREDICTIONS!

how can sti,hsi,sp500 ALL HIT WHAT I PREDICTED AT SAME TIME???????????

IM SO GODLY I CANT STAND IM TOO GOOD to see the OPERATOR's SOUL!!!ALTHOUGH TIMING IS LATE BY two weeks,BUT MY TARGETS ARE GODLY!!

HOW WRONG CAN I BE?IM THE SHARESWIZARD!!

15th march2011-LOOK AT MY EARLIER PREDICTIONS:STI2920,HSI22.4K,SP500 1275 WEEKS AGO.DO I KNOW JAPAN WILL HAVE EARTHQUAKE weeks ago???

OH MAN IM SO GODLY!!!THE 3 BROTHERS HAVE TO ACT ON SUCH A GOOD SHOW FOR ME TO SEE JUST TO PROVE IM RIGHT!!

WHAHAHAHAHAHAHA

yesterday,nikkei down 6%,hangseng,china up
TODAY nikkei down 6% at lunchtime,hangseng down 1000points!!!!whahahahaha

such a fucking funny show JUST TO MEET SHARESWIZARD PREDICTED TARGETS WEEKS AGO!!!!

THANKS OPERATORS FOR RESPECTING MY TARGETS AND MY PREDICTIONS.IM JUST A NOBODY!!
THE FACT THAT 3 BROTHERS UNITE TO MEET MY TARGETS,IM SO TOUCHED!!!

14th march2011-WHY TODAY sti,hsi continue to go down YET shanghai go up?u think it is because of the QUAKE?

WAKE UP! it is never due to all these nonsense reasons

1. NIKKEI has to plunge because it is the only market in asia fallen the least since feb17 top.
Nikkei down from 10890 to 10250-feb17 2011-mar11 2011-5+%
hsi down 24988(top in nov 2010) to last friday 23200-7%
sti down from 3300 to 3040-8%
kospi(jan 2011) down from 2110s to 1950-7.5%!!

MOST ASIAN COUNTRIES fell 7-8% from the recent top,NIKKEI IS LAST TO RISE and hence last to fall-hence the QUAKE IS JUST AN EXCUSE TO FALL

IF NIKKEI FALLEN A LOT BEFORE THE EARTHQUAKE,the earthquake WILL MAKE NIKKEI RISE AND THE FUCKING STORY WILL CHANGE TO JAPAN HUGE Q.E.(QUANTITATIVE EASING) BOOST MARKETS

2.u look at oil plunge on last thursday 10th march2011

"The dollar rose against a basket of currencies, which sent oil prices sharply lower earlier in the session. Oil prices, however, bounced off their lows following reports that police in Saudi Arabia's eastern stopped planned protests with non-lethal means. The news comes ahead of a planned "day of rage," in Saudia Arabia that has investors on edge.

U.S. light sweet crude traded just below $103 a barrel, while London Brent crude fell below $114. In North Africa, Libya's eastern oil cities were under siege by pro-Gaddafi forces although oil facilities appear not to have been harmed, according to Reuters."

HOW CAN USD RISE AGAINST MAJOR CURRENCIES WHEN "mar10,2011-The government reported before the market opened that new applications for unemployment benefits rose more than expected last week and the trade deficit jumped in January. New unemployment claims rose by 26,000, far more than the 12,000 analyst had expected. Applications fell to nearly a three-year low the previous week."

OH then the media talk cock again by using spain downgrade to explain-"Meanwhile Moody's downgraded Spain's debt, re-igniting fears about the European debt crisis. The downgrade also sent the dollar higher against the euro."

why technically more reliable?-oil broke out of channel,height 10usd,resistance at 96 so u add 10usd to that breakout point,u will get 106-107 usd,THEN IT STARTED TRENDING DOWN.

if u wait for news, u will be confused.1)usd down,oil down--economic worries 2)usd up,oil down-because oil priced in usd BUT us JOBLESS CLAIMS up,usd up??

3)How can shanghai composite surge when oil at 107USD on last monday!!china dont need oil,china people can fly,swim across oceans??why oil rise,fuckamentalists say "every oil price rise of 10usd will take a few points off gdp"it is never due to all these crap reasoning.
today,march 14th 2011 shanghai also can go up.

H-SHARES MKT BREAK OUT OF CONSOLIDATION,but hangseng HAS NOT!!fuck goldman sachs' NONSENSICAL REPORTS!

REMEMBER GOLDMAN SACHS FUCKAMENTAL REPORT??????

China Day Ahead: Goldman Says Sell H Shares; Missiles in Western Pacific
By Bloomberg News - Nov 11, 2010 3:07 PM PT

Goldman Sachs Group Inc. recommended clients exit a bet that Hong Kong-listed Chinese companies will gain on concern the central bank will raise borrowing costs to tame inflation.

Investors who followed the New York-based firm’s advice would have earned a return of 11.3 percent as the Hang Seng China Enterprises Index of 40 companies rose above 14,000 from 12,616.01 since April 1, when the trade was initiated, analysts Robin Brooks and Dominic Wilson wrote in a research note. The recommendation was among the nine “Top Trades” Goldman Sachs made for 2010.

Inflation is above policy makers’ “comfort zone” and more policy “tightening” will likely occur, the New York-based analysts wrote in the report. “The near-term risk-reward for this position also looks unappealing as we approach the year-end ‘roll-off,’” they said.


YET IN MARCH 2011,H-SHARE INDEX BREAK OUT OF DOWNWARD RESISTANCE TRENDLINE,EARLIER THAN HANGSENG INDEX!!!

Asian Stocks Gain as Goldman Upgrades Hang Seng Index Before Fed StatementBy Shani Raja - Nov 3, 2010 3:59 AM PT

Hong Kong’s Hang Seng Index climbed 2 percent to 24,144.67 after Goldman Sachs raised its 12-month target to 29,000, saying the city has the most to gain from extra liquidity released by quantitative easing programs and China’s growth.

MY COMMENTS:

what happen to BOTH CALLS?
question 1:why hangseng cant breakout BUT h-shares breakout 1st?

question 2:even if goldman's one call is right,SINCE WHEN DOES HANGSENG surge UP WHEN HSCE PLUNGE?
the analyst at goldman sachs who made this call IS A BABY who has not seen the world yet,AND LET THEORIES get to the brain.

how will hangseng react when shanghai composite breaks out next week?WHY WITH 100+OIL,Y CAN SHANGHAI STILL BREAKOUT UPWARDS?

usmkt set to drop,eg.sp500 set to test 1275 next week OR FLAT with downside bias??????
shanghai looks set to break out technically next week,week starting 7march2011.
how will hangseng react??????

3scenarios next week

SCENARIO1:

will hangseng drop to 22400 following usmkt drop to 1275,NEGLECTING china breakout totally,but compensate LATER just like the oct08-mar09 when hangseng stay stuck in a range when shanghai went up,BUT usmkt went down lower in mar09 than oct08.hangseng compensate later from mar09-nov09 in a SUPER rally in just 8months

SCENARIO2:

hangseng will fall lesser than 4%,sp500 still has about 4% to go to 1275 BECAUSE hsi has positive divergence in short term charts.

SCENARIO 3:

hangseng will neglect USMKT drop totally and will rise in tandem with shanghai AS hsi has rested since nov09-sept10 and has broken out of ascending triangle consolidation pattern.It has achieved double bottom on positive divergence in the daily,weekly charts at 22400,and like the nov09-sept10 consolidation then,it also has double bottoms on positive divergence.24000 is the target

DUE TO THE TIMING OF EACH "HUMP" in hangseng charts,i know that every "hump" is well planned..

Nov09-aug10 consolidation:
1)jan10-apr10 hump,3months
2)apr10-latejul10 hump=3mths

now we have repeat of "humps"

after the breakout,we face new "humps"-

1)nov10-jan11:2months
2)jan11-mar11:2months also????????hence resistance should be at 24K,the downward trending line connecting 24988 and 24434

SHARESWIZARD CONCLUSION is:this week starting 7march 2011 will be a up week for hangseng due to china breaking out,BUT usmkt will be flat

BUT IF USMKT PLUNGES steeply to 1275 by 12mar2011--then the hangseng will go down

WHY WITH OIL AT 100+ USD ,WHY CAN SHANGHAI BREAKOUT UPWARDS,SHANGHAINESE DONT NEED OIL??????????WAHAHAHAHA(U BELIEVE NEWS,U SURE DIE CONFUSED)

Y DOES IT HAPPEN AGAIN???IF U TINK,MY RIGHT PREDICTIONS ARE "LUCKY",TAKE A VIBRATOR AND ENTER YOURSELF

BECAUSE U LOOK DOWN ON MY 8YEARS STOCKMARKET EXPERIENCE..

losers USE OIL PRICE UP,LIBYA SHIT,FUNDFLOW TO COVER UP THEIR PATHETIC INABILITY TO SEE THRU THE MANIPULATOR GAMES!

feb2 2011-i laugh at IDIOTS LONG HSI,next week, hangseng plunge 1600points in 5days!

feb 18 2011-i call IDIOTS again at people who long hsi,sti,because 19th usmkt close,22nd feb usmkt plunge

mar1 2011-i call idiots AGAIN at people who long sti,in the end march1st 2011,usmkt plunge!

today march4th 2011,i call people who enter long hsi,sti as IDIOTS again, at night usmkt PLUNGE AGAIN?????????????????????

THE CURSE OF THE SHARESWIZARD,AND IT IS NEVER DUE TO LUCK!!!!

it is plain skill from a 8year VETERAN who watches markets more than 10hours a day!

WHO BUY TODAY in hsi,sti are idiots!4th mar 2011

LAST NITE,SP500 CLOSES BELOW mar1ST 2011 HIGHEST 1332.
HSI TODAY TOUCH 23500(MARCH 1)and drop down.
STI today went above March1 highest 3073 BUT close only 3061

realignment is completed!BE READY for the plunge down!!

ANOTHER SUPER SPOT ON PREDICTION for the targets ALTHOUGH WRONG FOR THE DATES

I SHALL REPEAT MY 25TH FEB 2011 POST

"25th feb2011--PEOPLE WHO LONG hsi,sti TODAY ARE IDIOTS(part3)
AGAIN,shareswizard saw thru the gameplan...

24thfeb2011 hsi,sti 1st fell to make people "feel" that at night us going to fall.then when the fall did not come,idiots re enter the market again today.

yesterday hsi was at 23600,sti at 2970,ANTICIPATING sp500 will drop 1307-around 1290s(but the sp500 recovered)

TODAY's RISE IN HSI,STI is just to RE-ALIGN the ratios to the downside TO BE THE SAME--SP500(1306 to 1275),STI(3010 to 2920) and HSI(23100 to 22400)
ALL 3 BROTHERS RATIO TO DOWNSIDE IS THE SAME!!!

what does this mean?

1.even if SP500 does go up today(chances are slim because EVERY FRIDAY of starting week of drop ALWAYS DOWN),hsi,sti ON MONDAY WILL NOT CLOSE UP BY A LOT,MAX STI IS 3037 AND HSI TO 23300 OR will gap up and go down.............."

LOOK AT MY TARGETS IN BOLD RIGHT ABOVE AS SAID ON 25TH FEB 2011...DID NOT THEY COME TRUE? although 28th feb2011 was a day up,3RD MARCH 2011 was THE DAY WHEN HANGSENG HIT 23.3K,fell and close at 23.1K AND STI HIT 3070 AND CLOSED EXACTLY AT 3037!!!!!

am i terribly wrong?ONLY 4DAYS LATE than my 28th feb tgt for the reversal DOWN!!!

again singapore loses to hk!

HONG KONG—Bowing to intense public pressure, Hong Kong Financial Secretary John Tsang on Wednesday announced major changes to the relief measures presented in his budget speech last week, offering to give 6,000 Hong Kong dollars (US$770) in cash to every adult permanent resident as well as salaries tax cuts following a huge fiscal surplus for this financial year ending March 31.

The cash gift replaces an earlier plan to inject the same amount of money into the retirement savings accounts of Hong Kong residents, a move criticized by lawmakers and social groups for being ineffective in mitigating the hardship of low-income groups.

The about-face also comes despite immense inflationary pressure in the city, with the government forecasting consumer prices to jump 4.5% this year after a 2.4% rise in 2010. Mr. Tsang earlier said he refrained from a tax rebate and cash givebacks because the moves would fuel inflation.

Mr. Tsang said he would waive 75% of salaries tax of Hong Kong residents with a ceiling capped at HK$6,000, the same as what was announced in his last budget.

Mr. Tsang has faced widespread criticism in recent days from the local community for not delivering enough relief measures despite an expected budget surplus of HK$71.3 billion for this fiscal year. Pan-democratic legislators had planned to organize a major demonstration on Sunday calling for more relief measures.

AM I TERRIBLY WRONG?HAHA

when i said sp500 target 1275 18th feb 2011,in the end,IT THIS FRIDAY,4TH MARCH 2011!!!

WHY AM I WRONG ONLY 2 WEEKS?because the 6th upleg from nov29 2010 takes 12 weeks ,INSTEAD OF USUAL 10weeks.

thats why it was delayed!

BUT THE SAME PATTERN OF "2 WEEKS AFTER THE UPLEG ENDED WILL SP500 TUMBLE TO ERASE THE 10TH WEEK GAINS" REPEATS!!!!!!!!!!

WHY MUST USMKT PLUNGE EVERYTIME I CALL people RUSH IN TO BUY HSI,STI IDIOTS!!!!

check my posts on 2feb,14feb,18feb,1st march2011

WHY MUST THE STOCKMARKET BE SO OBEDIENT?im just a human being,BUT experienced human being.

THE MANIPULATORS CANT TRICK ME BY PUTTING A SMOKESCREEN in my face!!

MAGIC OF SHARESWIZARD AGAIN!!ONLY IDIOTS WILL LONG STI TODAY,1st march2011

i post on 1st march evening,(singapore time)before usmkt opens AFTER i studied the 3 BROTHERS carefully..

didnt it come true?tomorrow 2march 2011,those who long sti today will be WHITE FACED AT USMKT TUMBLE!!

I KEEP SMS TO MY DISCIPLES AS PROOF..

ITS SKILL AND NEVER LUCK TO DIFFERENTIATE BETWEEN REAL BUYING/SELLING VS FAKE BUYING/selling

hahaha..see my hangseng 23.3K and STI 3037 COME TRUE AGAIN!!IDIOTS LONG STI TODAY

so funny today hangseng fell when sti up1%!!THE WEAKEST MARKET IS BECOMING STRONGEST!!

I ALREADY SAID THE 2 TARGETS LAST WEEK(LOOK BELOW FOR MY POSTS)

come and look at IPO games by BUSINESSMEN

LIST OF SUSPENDED COMPANIES latest(sgx website)

china:

1)Celestial C56 SUSP

2)China Hongx BR9 SUSP

3)China Sun C86 SUSP

4)ChinaAngel CL8 SUSP

The Guangdong-based company sees Singapore as a base for regional expansion. China Angel is offering 103.8m shares at $0.35 each, representing 32.4% of its enlarged capital of 320m shares.

China Angel Food: Proposed Voluntary Delisting At S$0.17 In Cash For Each Exit Offer Share. Source: ShareInvestor

5)ChinaMilk G86 SUSP

6)FibreChem F12 SUSP

7) Hongwei H80 SUSP

8)OrientCent 5II SUSP

9) Sino-Env Y62 SUSP

10)Zhonghui Z04 SUSP

11)KXD K07 SUSP

12)NewLakeside 5EG SUSP

NON CHINA COMPANIES:

1)Falmac 559 SUSP

2)Inch Kenneth I4R SUSP

3)JapanLand C7B SUSP

4)Maveric 553 SUSP

5)NEL 597 SUSP

6)Rotol^ R10 SUSP

look at all the complaints in the markettalk forum CHANNELNEWSASIA,no.1 in singapore will tell you A LOT PEOPLE are affected!!

propertypunter wrote:
Last time during IPO, is there any disclosure that S company CEO is out of reach from the law if committed fraud? If not, then we can sue the regulator or underwriter.

MORE FROM THREAD in channelnewsasia forum:

1)China HX plunge 18% and then halted

http://forum.channelnewsasia.com/viewtopic.php?t=412961

THREAD STARTED ON 22FEB,today 27feb 2011,ALREADY 30PAGES!!!!!!!!!!!!!!!!!!!!!!!!!

2)Celestial brothers you are not alone

http://forum.channelnewsasia.com/viewtopic.php?t=414092

3)How much S chip penny will sink tomorrow? At least 15%?

http://forum.channelnewsasia.com/viewtopic.php?t=414171

4)So many china companies in trouble, what abt my COSCO?

http://forum.channelnewsasia.com/viewtopic.php?t=414130

5)One More: China International Halt

http://forum.channelnewsasia.com/viewtopic.php?t=414155

6)Better avoid S-chips or business related with China Market

http://forum.channelnewsasia.com/viewtopic.php?t=412927

7)China HongShit ruining my life!!

http://forum.channelnewsasia.com/viewtopic.php?t=414077

8)S-chip scandal so common there is a wikipedia page!!!!

http://forum.channelnewsasia.com/viewtopic.php?t=414159

9)Has SGX discharged its duty in pursuing company fraud actor?

http://forum.channelnewsasia.com/viewtopic.php?t=414156

10)Here i list down the S-chips will crash tomolo....Shorties

http://forum.channelnewsasia.com/viewtopic.php?t=414096

11)Ernst and Young makes Hongxing and Hongwei Suspended..

http://forum.channelnewsasia.com/viewtopic.php?t=414034

12)Why S-chip need external audit if they know they cant makeit

http://forum.channelnewsasia.com/viewtopic.php?t=414058

13) Bracing for S stock steep selldown on Monday

http://forum.channelnewsasia.com/viewtopic.php?t=414027

14) The S-Chips Value Trap : Fake Cash Holdings – Hongwei

http://forum.channelnewsasia.com/viewtopic.php?t=414082

15) Whole freaking weekend, they only talk China HX!!!!

http://forum.channelnewsasia.com/viewtopic.php?t=414072

16) OBEEEEEEEEEEEEE GOOD to those who diedpainpain in chinaHongx

http://forum.channelnewsasia.com/viewtopic.php?t=413863

17) S-Shares: An Electoral Issue?

http://forum.channelnewsasia.com/viewtopic.php?t=413898

18)HONGXING GAME OVER, MY HONGWEI HOW? HELP ME!!!!!!!!!!!!!

http://forum.channelnewsasia.com/viewtopic.php?t=413949

19) Becos of China Hongxin, it will bring down........,

http://forum.channelnewsasia.com/viewtopic.php?t=413995

20) Lost so much money liao !
http://forum.channelnewsasia.com/viewtopic.php?t=414093

21) 28/2 ( Mon) , 9.00 am , all eyes focus on S-chips
http://forum.channelnewsasia.com/viewtopic.php?t=414090

22)Now u all know y S-chips are call S-chips..
http://forum.channelnewsasia.com/viewtopic.php?t=414085

23) Hong Kan Stock supporter pls fall in immediately
http://forum.channelnewsasia.com/viewtopic.php?t=414002

24) Judging by the words used,HONGWEI OR HONGXING SERIOUS?
http://forum.channelnewsasia.com/viewtopic.php?t=414057

25) THOSE VESTED IN HONGWEI TECH PLEASE FALL IN HERE!!!!
http://forum.channelnewsasia.com/viewtopic.php?t=414081

26)I see many sinkis here scolding & adding salt to HX hold
http://forum.channelnewsasia.com/viewtopic.php?t=414006

27)Complete mayhem for S stock on Monday?
http://forum.channelnewsasia.com/viewtopic.php?t=414079

28)What to do if short China HX before halt?
http://forum.channelnewsasia.com/viewtopic.php?t=413959

29)Put money in S chip penny is worse than gambling
http://forum.channelnewsasia.com/viewtopic.php?t=398314

30)NB......Hongwei also kana
http://forum.channelnewsasia.com/viewtopic.php?t=414001

31)How come no weekend joke today??
http://forum.channelnewsasia.com/viewtopic.php?t=413984

32)Watch shoes and textiles related stocks coming monday
http://forum.channelnewsasia.com/viewtopic.php?t=414007

33)ALL THE HONG HONG HONG...
http://forum.channelnewsasia.com/viewtopic.php?t=414008

34)HongShit brother warmly welcome Hongwei brother to the group
http://forum.channelnewsasia.com/viewtopic.php?t=414016

35)OH MY GOD ! HONGWEI
http://forum.channelnewsasia.com/viewtopic.php?t=414000

36)CHINA HONGXING SPORTS LIMITED
http://forum.channelnewsasia.com/viewtopic.php?t=413993

37)SAY AGAIN AND AGAIN ----> Stay away from S-CHIPS
http://forum.channelnewsasia.com/viewtopic.php?t=413991

38)Let go all your S chip stock, it will go down non stop
http://forum.channelnewsasia.com/viewtopic.php?t=413982

39)Come Monday, looks like a lot of anger to S chip
http://forum.channelnewsasia.com/viewtopic.php?t=413943

40)SGX angmoh CEO still say want to bring in more China company
http://forum.channelnewsasia.com/viewtopic.php?t=413939

41)Confirmed !! Many PRC company cheat
http://forum.channelnewsasia.com/viewtopic.php?t=412840

42)Can Singapore CAD talk to China HongShit CEO during AGM2011?
http://forum.channelnewsasia.com/viewtopic.php?t=413948

43)More should be done to monitor those S-CHIPS !!!!
http://forum.channelnewsasia.com/viewtopic.php?t=413951

44)Monday everyone SHORT the S-CHIPS !!!!
http://forum.channelnewsasia.com/viewtopic.php?t=413944

45)China HongShit CEO run road liao?
http://forum.channelnewsasia.com/viewtopic.php?t=413935

46)Short China Sport on Monday morning, many want to get out
http://forum.channelnewsasia.com/viewtopic.php?t=413931

47)Which S stock very nice to short on Monday??!!
http://forum.channelnewsasia.com/viewtopic.php?t=413869

48)CHINA HONGXING.....Die liao....
http://forum.channelnewsasia.com/viewtopic.php?t=413854

49)China HongShit!!
http://forum.channelnewsasia.com/viewtopic.php?t=413864

50)CHINA HONGXING R I P..... SEE YOU NEXT LIFETIME!!!!
http://forum.channelnewsasia.com/viewtopic.php?t=413855

51)CHINA HONGXING .. A MULTI BEGGAR
http://forum.channelnewsasia.com/viewtopic.php?t=413859

52)What are my options now ? I have 500 lots of ChingHongX.
http://forum.channelnewsasia.com/viewtopic.php?t=413933

COME SEE TOP 20 LARGEST SHAREHOLDERS OF CHINA HONGXING(2010)

http://i56.tinypic.com/15xwe83.jpg

SEE THE 20 LARGEST SHAREHOLDERS OF CHINA HONGXING AT 2010,delayed,im too lazy to download latest AS IT DOES NOT CONCERN ME!!

hahaha BIG FISH DRAGGED DOWN

TRUST FUCKAMENTALS AT YOUR OWN RISK!!

TECHNICALS WHICH DONT ANALYSE COMPANY FINANCIAL HEALTH(in the 1st place)WILL HINT TO YOU SOMETHING IS WRONG WHEN THE CO. STOCK KEEP BREAKING SUPPORTS, with NO APPARENT REASON!!

see how fucking useless is FUCKAMENTALS!fuckamentals should help reveal company health.IF it fails that,what use is fuckamentals?

downloaded from channelnewsasia forum

andy62 wrote:
Made me lost so much money *censored* company

One of the key things that a value investor look into is a company’s financial strength. Small time investor like us have not many ways to do that but to analyze the balance sheet, income statement and cash flow statement.

At Investment Moats some aspect of the balance sheet that I look at to ascertain financial health are:

1)Short Term and Long Term Debts – Efficient use. Less the better
2)Cash and Equivalent Holdings – Adequate. More the better
3)Short to Negative Cash Conversion Cycle

One unique characteristics about these S-Chips is that they keep a lot of cash. Some deploy their cash immediately but many just keep it to the tune of 30-50% of their market cap.

When I see this, I thought to myself: “This is a value buy!”

Sadly the case of China Milk and Oriental Century have taught us that those cash is only useful if they exist.

Sometimes I wonder what SGX is doing to clamp down on this. You have all these inferior companies using Singapore as the backdoor to list because Hong Kong is a harder place to list. After listing here they use it as a further backdoor to list in Hong Kong again!

Take a look at Oriental Century’s stats. It’s a textbook value stock. My friend bought it and got royally screwed.
Hongwei Tech and China Hongxing have cash holding discrepancy

This week we probably add 2 names to this group. One common trait: they are very cash rich as part of market cap.

Given these releases and the kind of disclosures, have your confidence in S-Chips been affected. 1 Oriental Century might be a one-off but now we have so many examples.

Hongwei Technologies reveals audit issues
06:50 AM Feb 27, 2011
SINGAPORE - Another S-chip has found irregularities in its Chinese accounts, the second in as many days.

In a filing with the Singapore Exchange on Saturday, polyester fibre maker Hongwei Technologies said its auditor Ernst and Young brought up "issues pertaining to the cash and bank balances confirmation" in its Chinese subsidiary Shuangli (Xiamen) Polyester Co Ltd.

The announcement comes a day after sports apparel maker China Hongxing Sports said it would be appointing an independent special auditor to investigate its affairs after uncovering irregularities in the accounts of subsidiary companies in China.

Hongwei Technologies has commenced a fact-finding process to address the auditors' concerns and appointed them to "carry out an expanded scope audit," it said in its filing. It said it would take necessary measures to safeguard the company's assets but did not elaborate.

Hongwei Technologies has also applied for the trading halt, effective since Thursday, to be converted into a suspension.

SW888 wrote:
gentingking,

i have lost more times in s chips than anyone else but i still belive in them..

i lost so much in s chips and i wanna make it back from them..

this kinda mindset makes me LOSE even more!!

i kana ferrochina, sino-env and now i kana hongxing!!..

i nearly kana chinamilk as i was playing contra the days before it was halted..

then 1st few weeks of the yr i nearly bot hongwei! becoz od the super low P/E!!

see what happened??

now i still got chinasky, sinotech, li heng, gaoxian, taisan, china energy

how to cut loss??

DAM IT!!!!!

For your quick review:

■China Aviation Oil – CEO kept making “double-down” bets on oil prices, wiping out $550 million (and its equity btw), which meant that you could buy the company for $1.

■China Sun Bio-Chem – In February, its auditors, PWC, told the board that they had discovered about 592 million yuan (S$125 million) missing from the company’s bank accounts.

■China Printing & Dyeing - The company’s unit Zhejiang Jianglong Textile Printing & Dyeing had about 1.2 bln yuan in unpaid loans from banks and 800 mln from private lenders. The company’s CEO and wife disappeared and were later arrested on suspicion of fraud and illegal fund raising.

■Oriental Century – the chairman of Oriental Century, a 29.9 per cent associate company of Raffles Education, confessed to the board that he had been falsifying financial performance as well as the company’s bank cash balances since its listing.

■FibreChem Tech - a high-profile S-chip with a ‘who’s who’ list of institutional shareholders, including Newsmith and JF Asset Management, reported “accounting irregularities”.

■Celestial NutriFoods - defaulted on convertible bonds worth $234.6 million.

■FerroChina – dropped a bombshell when it announced that it would default on loans and go bankrupt – just weeks after it announced strong quarterly earnings

■Guangzhao Industrial Forest Biotechnology – three independent directors walked out in March, complaining that they were unable to effectively discharge their duties. The stock had been suspended from trading since Sep 2008.

■Beauty China – founder and chairman Wong Hon Wai pledged his 39 per cent stake to secure credit facilities and later saw his stake cut to about 30 per cent in a series of forced sales. He also tried, but failed, to sell the remaining shares.

■Sino-Environment – chairman and chief executive Sun Jiangrong lost his entire 56% stake when his pledged shares were force-sold upon a loan default. His loss of control triggered an early redemption of $149 million in convertible bonds, which the group defaulted on.

below report downloaded from http://nextinsight.net/index.php/story-archive-mainmenu-60/36-2009/1080-confessions-of-a-s-chip-ceo-unabridged

CONFESSIONS of a S-Chip CEO (unabridged)


Written by S-chip CEO
Friday, 24 April 2009 23:09
A fascinating email circulated around yesterday purportedly from the CEO of a S-chip company that is in trouble. We reproduce it here in its entirety and form (and bad grammar in many places), making just one change. We bring up right away the two notes that the author wrote at the bottom of his near-9000 word email:

1. Not everything is true in this story that I have just presented in order to protect some friends that still remain friends. In particular, the story before 1995 was inserted in only to give you a perspective of the difficulties that most Chinese entrepreneurs went through, and how they eventually all came to resent the ease and ruthless manner in which people like Mr D made great fortunes leveraging off their hard work.

2. At the same time, I sincerely hope that the investigation report that was pending in the case of my company comes out being at least “fair” to me. Otherwise, the more “real truths” will follow in subsequent emails......... hahahaha, the power of internet........




S-chip CEO
We are victims as well!!! Let me tell you the story.

By the time you read this article, it would reached have hundreds of investors, bankers, regulators and journalists. My purpose was to shed some light on the “dark sides” of the business of S-Chips (Chinese companies listed on Singapore Stock Exchange), so as to help prevent more financial losses in the future hurting the ordinary people on the street. From this angle, I wish to redeem myself somewhat.........

It all started some 6-7 years ago. My colleagues and I were just a few of the million of entrepreneurs in China struggling to make ends meet at the textile fibre factory that we bought from the government. Some of our older colleagues had laboured for more than 20 years before having the chance to “privatise” the state-owned textile fibre factory in Fujian Province that we have worked for since the day we left school under the Premier Zhu’s “government retreat, private sector advance” scheme, literally at a song. We thought we were going to be very rich very soon. Little we knew that when the local governments of the various counties and villages decided to “retreat”, we end up with thousands of “privately-owned” textile fibre spinners that competed ever more aggressively. Despite ever rising revenue, margins were disappearing fast....... Sometime, we just wonder why we have worked so hard only to earn next to nothing. Perhaps, our only reward was meant to be “the master of our own destinies”...... But we never really gave up hope...... One day, we shall strike gold.......

1990, the year after the TianAnMen Incident, was really a very difficult year. Many of our clients, the textile manufacturers who were enjoying the initial euphoria of the burgeoning export demand, went belly-up within a short 2 years of economic contraction. However, we pulled through all the vanishing receivables and anguish cashflow-balancing exercises. By 1993, we were off for the biggest boom ride of our life-time. Our textile fibre business blossomed as China becomes the clothing factory of the world, benefiting not least from the one-off Renminbi devaluation that the Chinese government engineered in 1994. Those were the good old days, where sufficient numbers of our competitors were eliminated by the TianAnMen-induced recession, and the world began to look to China for every piece of garments stretching from the heads to toes. Money was easy......and we expanded our production capacity as quickly as we could, limited only by the fact that the state-owned banks were not really very keen to lend money to private enterprises like ours, and we just have to borrow from our villagers at some 15% interest rates!!! Nevertheless, we did good business and our leader, the general manager of the factory, could even afford a chaffer-driven Santana. In any case, he was too old to learn new trick, even as simple as driving itself. I was the rising star which had to bide my time, as I was the only person who speaks decent English. I was meant to be the tongue of the company in dealing with the external world. But I am getting impatient. For while the company was booking increasing profits, we never seems to have cash to be distributed as any excess cash generated from the business was never e! nough to cover the capital expenditure needed to expand the production . We just owned an ever-growing production business.

Unfortunately, good profit margins never last in China. Good demand quickly attracted new entrants into the business as the barrier of entry is relatively low. At the same time, some of the so called “obsolete capacities” came back from the grave and soon, we found ourselves struggling to churn our profit. It was like working for free again......lots of revenues but just no profit!!!


S-chip CEO
By the middle of 1990’s, we were doing great business selling to our customers in different areas of the coastal areas. In 1995, we suddenly found ourselves having to deal with fast rising cost pressure. However, the market was buoyant enough for us to raise our product prices to pass on the cost increase to our customers. Then, we realized that we must move ahead in term of technology and product offering. Like everyone else around us, we took advantage of the tax concession offered by the government to the so-called joint venture companies. We recycled our “cash” to Hong Kong, set up a “foreign company”, which in turn pumped back the cash to Fujian in the form of a joint venture entity, using the cash to purchase some second-hand German equipment to produce the chemical
fibre! s needed in all kinds of fabrics and artificial leathers.

However, luck did not really favour us, at least thus far. Soon, we were told that our economy was experiencing very high inflation rates and soon, the then Premier Zhu Rongji stepped a hard brake on the economy, cutting the bank credit to many state-owned enterprises which were producing
things that no consumers wanted. While as private enterprise we did not enjoy the benefit of bank credit, its sudden massive contraction hurt us as bad as the state-owned enterprises who received such reckless loans. We were entangled like the other enterprises in what we called the "triangular debt” problem, where everyone owes the next person money and there was just no money at the source for anyone to get paid.......!!!

The situation last for quite sometime as we lived from hands to mouths, sometimes having to send out local thugs to chase for receivable payments from cash-strapped clients. Then again, what else can we do? We had so much or our friends’ and relatives’ money with us investing in all these
machinery now that the only road for us is to struggle forwards......turning back would have made us the “outcast” of the village.......

By the time the rest of the Asian economies cracked in 1997 amidst the so called Asian Financial Crisis, we were already becoming numb to bad news. I remembered there were days that I wished I had not joined the textile industry, or any industry at all......for making money out of making
something is so darn difficult....... I thought I might have just wasted my youth.

Somehow, we managed to pull through as a group. The general manager of the factory, who is now getting seriously old, made his sacrifice along the way by selling his Santana in order to keep more mouths fed. We all had no where else to turn to but to continue pushing hard to sell our new
product, the chemical fibres. Finally, by year 2000, the economy began to recover. Our hard work and persistence were also beginning to get paid off handsomely as China had become the centre of all textile, shoe and furniture manufacturing in the world, and all these products required some
forms of chemical fibres. We were beginning to rake in cash beginning 2002!

Then my life-changing incident took place. One fine day in late 2002, I was introduced over the dinner table to one Singapore “Deal-maker” who was to become one of the richest men in his country in the next 5 years. Mr D was still a “relatively” poor deal-maker at that time. Just like many so called “deal-makers” running around China at that time, they hope to make small fees introducing companies to capital, or vice versa. Mr D claimed that he had successfully engineered a number of private equity
transactions in China, helping companies with so called “mezzanine” financing to prepare the companies to be listed in stock exchanges outside of China. He was fully aware of the psychology of Chinese entrepreneurs and their deep dissatisfaction with the bias of the Chinese government in allowing only state-owned enterprises to list on the local stock exchanges. To us, having a listing status in China is like having acquired the right to print money. One just has to cook up a nice
investment story and he could get Chinese investors to subscribe to the right issues of a listed company at any price. It was so much more an elegant way to make some money, rather than to have to toil for a few cents selling chemical fibres.......

Mr D went further to claim that he had taken some of the invested companies public in both Hong Kong and Singapore Stock Exchanges and given his investors had made some money, he always have a group of ready-investors willing to back all his “stock picks”. He went on to ask quite a number of detailed questions on the operating conditions of our companies over the dinner, jotted them down carefully on a small note book along the way. Later on, we adjourned up-stair the restaurant for a KTV
session. I must admit that I remembered clearly Mr D was a good Chinese song singer, having sung some hot-off-the-chart songs that I heard my niece hummed sometime shortly before the incident. His smooth handling of the KTV girls, which he asked for two concurrently, also showed that he
had been around.........

The next time I met Mr D was three months later, quite unexpectedly as I had thought he could have decided to give our company a miss given our relative small size. He requested for a factory visit which, after having consulted our old general manager, I accompanied throughout. As usual, no
serious business until after dinner and getting slight tipsy after a few drinks forced down by the KTV girls in the evening. I must admit that Mr D is a seasoned operator. He was quick to recognise that I was an impatient young man to take over the operation from my older colleagues. Throughout
the entire evening, he was trying to convince me to move the gear one notch faster to accept some private investors into the company, beyond which he was confident to help us to get the company listed in one of the foreign stock exchanges, where everyone will be able to cash out their profit if they so ! chose. I pretended to be sceptical while deep in my heart, I need no convincing as I have known many Fujian entrepreneurs shot to fame and riches, 2 of them by turning large tracts of collective land into vegetable farms and the other bending float glasses he bought from state-owned factories into auto wind-screens and sell them to car manufacturers. I never doubted that one can make a lot of money from car wind-screen, but I could have never imagined striking it rich planting vegetable.......!!!


S-chip CEO
Mr D and myself both agreed later that we need to convince the other older colleagues of mine to approve such a scheme, and over time, move them aside to allow someone young and dynamic person like myself to be the face of the firm to cater to the likings of the investors, who were mostly
English speaking. In the meantime, my task was to convince the existing shareholders to allow a group of Mr D’s friends into the shareholding first, while paying Mr D a “structuring and introduction” fee along the way. The easy part was, as Mr D coached me on how to present to the rest of the shareholders, his fees will not be in “cash” but rather in equivalent value of “shares”. He said that was to assure everyone that he could only make money should he be able to engineer an eventual listing of the company on a stock exchange, after another year of lock-up period for promoter shares aft! er listing. All interests would be aligned, as he put it.

Mr D was indeed an experienced operator. He had anticipated all the concerns of the “older” colleagues of mine, who feared that this was another one of those “leather-bag-company” deal-makers that was trying to make money out of no commitment. So he got through the first “hurdle of trust” after my carefully orchestrated presentation to the “board” of the company. However, there was still one important issue we could not resolve amongst the board members. The finance manager correctly pointed out that the company indeed, did not need substantial amount of cash at this moment as we were not expanding aggressively anymore. The market place for our products was relatively stable right now with demand and supply growing organically. We will not be able to drive higher sales without sacrificing our margins by cutting prices. In short, we can only grow organically at around 10% ! per annum, which was probably not the most exciting story for the investors. In fact, the board members did not see the need for new capital. However, the idea of getting listed did appeal to them. They too had many friend who had become “paper millionaire” after the companies got listed. They too were looking for the big-pay-off day. So I was tasked to come up with a solution. In other words, there was a “green-light”! I did not expect my luck!

Almost immediately after the board meeting, I called Mr D to tell him the outcome, as well as the issues raised. Again, I thought he must have expected the outcomes. As he explained calmly over the phone, the first round investors (which he called angels) will not put in a lot of money so that they would not dilute the existing shareholders very much. These angels are the “connected persons” that will come in with their own money (through Mr D’s personal vehicle) that will help cement the way for some of the well known direct-investment funds to step in at a slightly later stage, which would provide the company with the credibility, other than funding, to convince the stock exchanges to allow the company’s listing, and the subsequent active participation of other institutional investors
during the IPO. Mr D went on to explain that the process of getting a Chinese company listed was in fact, an art. There were not many people like him that could have the trust of many influential people to conceal their names behind his vehicle to invest in a company, not unless they have been working on other cases together before and having developed deep working relationship. These angels will see the company through the process from getting “restructured” to “listed”, rendering their helps in
one way or another through exerting subtle influences on counter-parties, bankers, regulators and other investors. Mr D’s vehicle will participate in the shareholding of the company first, where they will invest up to 5% at book value. In other words, they demand for very cheap entry. Mr D will only take his fees later after having brought in the money from direct investment funds, in larger quantum, in the form of shares of the company at book value before the entry of new capital. He wanted 2% worth of the amount of money he would bring in from the funds in such ! shares. Subsequently, he went on to explain that this was the modus operandi these days as he could introduce us to the senior executives of the companies who had done business with him for further due diligence on his
reputation. In particular, he emphasized that my colleagues should not be worried at all given the fact that it was going to be his and his friends’ money that will be in their hands, rather than the other way round. My older colleagues did find some solace in this argument later on.

As for the use of money, Mr D simply pointed out that we will have 6 month to a year to come up with a new plan on spending the proceed of investment, in the form of new technology and new products. “Aren’t you guys always looking for money to upgrade production machinery to produce new stuff for the market? It the same bunch of the customers anyway......”, so he quipped.

So the decision process took a few months, where in between, Mr D sent in some accountants and lawyer to conduct some checks on our operation and accounts. We had nothing to hide then as we had no reason to fake anything. Everything was ours.......then. Subsequently, the “angels” came
in, followed by, indeed, a number of reputable direct investment funds a few months down the line. We got a whopping US$20mn to put up a new plant to produce a new type of artificial fibre, the machinery of which was to be imported from Germany. The new product was in fact, attractive to a lot
of customers. However, none of them were going to buy a lot of it at the beginning as they were not sure their customers were going to like the new types of yarns made of this new fibres. Business was not as brisk as Mr D had hoped for.......

On the other hands, Mr D seemed quite keen that we could move forward in our listing process. He began to educate us the process and requirement of the stock exchanges for listing. We paid visit to Hong Kong and Singapore, talking to bankers and exchange officials, attending seminars, as organised by Mr D. We were all psyched up to be a rich millionaire once the company is listed. However, there was just this little problem.....our new products were not accepted by the market as fast as we had wished for. Most of our customers operate under very tight cash flow situation. They
only have working capital to provide for the acquisition of raw materials to produce the yarns ordered by their customers. No one was going to spend a lot of money buying our new fibres, produce large quantity of products to purvey them in trade shows, despite they all fed back with good comment
on the potential of the new fibres.

Very quickly, Mr D came up with an idea. In order to boost our sales numbers fast, he will raise another US$20mn of money from all the direct investment funds in the name of working capital need. As he explained, they often did the same tricks with those companies they listed before. They will raise new capital to produce the new products to sell to customers, encouraging them to help push the new products by offering them more favourable and longer payment terms. With the increased sales and profitability number, he could get the company to list very quickly to get more money to help push for more sales....... He claimed he had done it many times before and it had always worked out. The economy was recovering quickly in 2003, nothing was to going to go terribly wrong. When I asked whether that would be considered “artificially inflating sales number”, he laughed and quipped, � 皐ith the capital markets on your side, you can engineer self-fulfilling prophesies!”

Of course, this article cannot be complete, at this juncture, without citing Mr D’s favourite quotable quote. “Water enough money into any company, even a fake one could become real some day.” He believed so much in this that I thought one day, this could cause his downfall.

So we went ahead, sold the new shares at higher valuation to another bunch of investors Mr D arranged. He took another round of commission in the form of shares. We were beginning to admire Mr D. Money flows through his hands like water and he did it so effortlessly. We were no less impressed by his connection to some of the richest and most influential people, particularly in Singapore. You see, he was viewed as a successful Singapore entrepreneur made good in the vast land of the North. Through diligence and perseverance, he carved a niche for himself identifying
promising Chinese companies to groom for listing on the Singapore Stock Exchange which was losing out in race to Hong Kong Stock Exchange as the Chinese! state-owned enterprises were encouraged to list in Hong Kong. Mr D was their hero, directing promising private Chinese enterprises to list in Singapore and along the way, enriching many “angels” and local investment banks in Singapore.

I chanced upon many of these angels as well. There were occasions Mr D would have called me to help arrange for some transport and accommodation in Xiamen for groups for “secret” visitors. They are usually small groups of 4-8 people. I would generally put them in comfortable Buick mini vans,
receiving them from the airports, ferrying them to golf courses, restaurants and night clubs. They would usually visit one of two factories invested by Mr D. From my impression, these were the angels behind Mr D, which for obvious reasons, he had to please. There were bankers, lawyers, other deal makers, stock brokers, fund managers and people that do not have a job, simply because they were so rich already. Occasionally, there were ex-CEOs or Chairmen of large government controlled enterprises in Singapore. Once, I even met a supposedly ex-member of parliament in Singapore. It was obvious to me that Mr D entertained them in separate groups at separate times, taking pains in ensuring that some of them were not aware of the involvement of the others, for some reasons. I was always invited to all these golf and night entertainment events for a simple reason: I speak English and Mr D wanted to be seen as having someone like me to watch over his investment in this part of the world and helped him to tap into different kinds of local relationship. The other Chinese entrepreneurs may not be comfortable in dealing with the whole bunch of English speaking Singaporeans.

One common trait of all these trips was that all these guys from Singapore seemed to love the night clubs in China. The daily programme always ended in some night clubs, where these guys would party till the wee hours, every night they were there. Mr D would sometime, when he was half drunk,
tell me that he had again “nailed” some key relationship and one of the travellers in the group would soon be in his “Club”. He would whispered that someone in the group was the senior partner of an investment fund, or someone in another group was connected to the so-and-so in Singapore, or
someone was closely associated with the chiefs of some Singapore banks, or someone had “influence” over the listing approval process ! of the stock exchange, and some would just be some new investors that he was trying to woo to invest in his pre-IPO projects or the shares in the companies that he sponsored the IPOs. When I asked why they were all so tireless in their nocturnal activities, Mr D laughed, “This is what I call pent-up demand. You know these people cannot even come 100-meter close to any KTV in Singapore because of their social status. The opening up of China is probably the best thing that happened to all these Singaporean men, for they can at least release their “valves” once in a while........ Do you know how boring Singapore is? I have a permanent KTV room booked up in one of most posh KTV in Singapore, costing me half a million Dollar at the
minimum every year. Guess what, the only important guests I have using that rooms are from China!”

Watching Mr D in action, I finally understood the true meaning of “club”. He had managed to combine the “social club of friends” and KTV clubs so well that I thought every successful Chinese businessman should learn. And in so many ways, the “club” in Singapore is really not that different from the “club” in China........

So finally, we got our act together to attempt a listing towards the end of 2003, after much of the financial twisting and engineering to make our company look like a well-funded high-tech textile fibre company on the verge of experiencing explosive sales take-off. In truth, we produced a lot of the new fibre products and literally give them to our customer to produce new fabric for marketing purposes, with the promise that we will not collect money until their products are sold. Nevertheless, we book
these as receivables. To the dismay of Mr D, my older colleagues had insisted on listing the company on the Hong Kong Stock Exchange, rather than the Singapore one, where Mr D has greater control on the process. They felt that the company would probably be accorded higher valuation in Hong Kong. Besides, they were not comfortable with Mr D’s influence in Singapore fearing the ultimate loss of the control of their company. Mr D went along grudgingly, helping to smooth the way to facilitate the IPO.

We got a small investment bank to underwrite the IPO. The big ones were really not interested in this small piece of business. We went on to file the application to list to Hong Kong Stock Exchange, who was equally high-handed as Hong Kong was flushed with quality large size state-owned enterprises queuing up to list there. Being relatively uninterested in small size listing and more experienced in evaluating the quality of smaller Chinese private enterprises, they were quick to notice the sudden expansion of account receivables on our accounting statements. They followed up with a number of questions with the clear purpose of delaying our listing, probably to see how these receivables will behave given longer period of time. In short, there would be no quick IPO for us.

Mr D was quick to use this delay to his advantage. He hinted to everyone on the company board was that one of the reason for the stock exchange delay was due to the lack of a convincing younger manager helming the company, and that our senior colleague was already too old to project a
“dynamic” image to the Exchange and the investors subsequently. He wanted me to be promoted to the CEO position while our existing GM to become the Chairman of the board. With his insistence, my appointment was pushed through the board, which made one of my older colleagues very angry as he was supposed to be the next-in-line in seniority. But heck, he should have spent some time learning English!

Mr D, being truly worried about the age of the receivables on our book that would become increasingly dubious as days go by, pushed us to shoot for a Singapore listing where he feel, with his broad relationship will help a smooth IPO. This time round, my older colleagues obliged grudgingly. So we quickly filed an application to list in Singapore. It proceeded relatively smoothly and we went through an initial hearing very quickly. The market was in relatively stable conditions and we felt we could get the IPO proceeds quickly at the turn of the year. With lot of money, like Mr D’s famous words, a fake company can become real....... To be fair, ours was not really a fake company. We were just doing what the Chinese proverb describes: Accelerating the growth of the seedling by pulling it up a littl! e everyday......

To our surprise, we got a letter very soon from the stock exchange questioning us the reason for the failure to disclose to them we had applied to the Hong Kong Stock Exchange earlier. They asked whether we had been rejected previously and on what ground we had been rejected. Just as
we wonder how they found out so quickly since one could safely assume due to competitive relationship, these exchanges should not be talking to each other on micro matters like this, Mr D came storming in over-night. “Someone wrote a poison letter to the stock exchange”, so he explained. “Someone who knows the situation very well and who is not very happy with the whole thing”, he concluded. We were fortunate, he went on to exclaim, as he felt that given the Hong Kong Stock Exchange never really rejected our application, he could still salvage the situation using his relationship and influence.

While there was no hard evidence, we nevertheless took the precaution of asking for the early retirement of the senior colleague who was passed over for the post of CEO as we suspected him to be the whistle-blower. We made sure he was well compensated in monetary terms as we thought that would sooth his anger, with promises to allocate more of the shares to him so that he would share our desire to see a successful IPO. Then we went on to reply to the stock exchange is claiming the fact that we were previously rejected, citing our need to access capital markets fast as ours business was expanding rapidly. Hong Kong was just going to be too long a wait for us. On the other hand, Mr D worked his network and “club of friends” to sooth the nerves of the exchange officials, who were working hard to promote Singapore as the “second board for China” as the launch of “second board of China in Shenzhen” hit a snag when the National Peoples’ Congress decided that the Chinese investment public was still too unsophisticated to handle investing in non-State-controlled enterprises that even the Chinese government may not be able to police effectively.

So after 3 month, we were informed that we manage to secure the final hearing. Mr D and some young lawyers and accountants spent a few days preparing me to handle the questions “correctly”. I saw the signs of satisfaction on the faces of the officials during the hearing. One of them even went on to comment on the fluency of my English...... Mr D was right again. My Chairman could have fumbled and rumbled on just like any other Chinese CEO during such occasions. They were just the hardworking mulls that built the foundation of the Chinese’s manufacturing might. I belong to the generation that would take the company to soar higher as we understand and speak the language of high-finance, in English!

The battle to IPO was hard won. We got listed in 2004 and to our pleasant surprise, some of our customers came back to pay down the receivables and asked for more of our new chemical fibres. By now, China has become the “factory of the World” that churned out all kinds of consumer and industrial products so cheaply that the Americans and the Europeans were so addicted to. The stock markets and physical property markets in the world were becoming buoyant and everyone was beginning to feel wealthy and began to spend more. Our new fibre products found more commercial uses and we bought more machines using the IPO proceeds to produce more products to cater to the booming demand. Again Mr D was right. Pour more cash into the business and you will get a real company.........just like the pig-farmers listed on the stock exchange.......as he put it.

Sensing potential to make a lot of money out of the good performance of the company and the buoyant market conditions, Mr D descended into town one day and asked me out for a dinner. As usual, we headed to his favourite KTV after dinner. After a few drinks, he leaned over and whispered to me, “Hey, this is your chance to grow really big very fast. The IPO proceed was not enough to fund your growth. Now that we are listed, we can place more shares out to raise more money to accelerate the business expansion to capture more customers before the competitors in China could replicate our capabilities, which always happen in every industry and business in China.” I was reluctant to agree to help sell the idea to my older colleagues as their shares were still in lock-up period and I imagined they would hate to see any dilution of their interests further at this juncture. Mr D went on, “I really needed your help as I need to get the shares placed out to some of those who helped us through the difficult times just not too long ago. We need to let them make some money as we are entering a bull market soon. In any case, the issuance of more new shares will give us more power to cement your position as the number one man in your company as we all support you rather than your older colleagues.”

As usual, we kind of half forced the issue through the board with my older colleagues grudgingly approved some kind of convertible issue to assuage their fear that the new institutional investor would not be able to sell before they were allowed to. In Mr D’s effort to consolidate his hold of the board further, a new director from the institutional investor group was appointed to the board. I had known him earlier as one of those that visited our plant before the IPO, when Mr D was just beginning to restructure the company shareholding where this new director was once introduced to me as an “angel” investor. Apparently, they were good friends that “make money together”.

By 2005, the Chinese economy had entered into another “boom era” and our business was literally flying, just like any other businesses in China. Profit margins were good while sales expanded quickly, and our share prices rose more than 3 to 4 times from the IPO price. Many of older
colleagues sold their shares and retired happily into the sunset in 2006, only to regret to see the shares they sold almost doubled again in 2007. Being the new helmsman, I could not easily sell my shares as it would have been construed as management not having confidence in the business.


S-chip CEO
By then, Mr D had become one of the richest men in Singapore. Leveraging on his experience and the capital he accumulated from earlier successful IPOs he conducted, where in some case he made more than 50 times his capital, he exploited his new reputation as the “preferred deal-maker in
Singapore” to the maximum. His “club” became increasingly larger as many people with money and “influence” joined the “club” to participate in this unprecedented “Chinese feast”. He doled out hot IPO share allocation through investment banks to repay old favour and to cultivate new relationship. Success begets success and money begets money. It all seemed so easy and so natural. Everyone got what they wanted. The Chinese companies got their money to expand their business (which at a later stage, no one is really sure which company really had any business to start with), the entrepreneurs were handsomely rewarded for the risks they undertook, the deal makers got their fees, the angels made their killings, the bankers collected their fees and dished out new loans, the lawyers and accountants recruited more young graduates to cope with the record work volume, the stock exchange got their “new mandate as the second board of the Chinese companies”, the investors got their hot-and-sizzling China concept stocks and above all, the rich and the influential members of the “invisible clubs” were all happily enriching their own pockets......

The reason why Mr D was successful, I realised, was that he always try to help the people who helped him in one way or another to become richer. Despite the fact that I could not sell my shares, I got the help of one of his banker friends to obtain some financing by securing my stake in the company to join in the biggest “Chinese feast in Singapore”. Just like all the Chinese entrepreneurs Mr D helped, I became one of his “angel investors”, taking stakes in promising new companies through his vehicles, got allocated hot IPO shares and reaped substantial gains within short span of time. I too, was becoming not only asset, but also cash rich. I took advantage of the Singapore immigration rule and got myself a permanent resident by purchasing a property in Singapore. I wanted my son to study in the English school in Singapore and grow up as part of the establishment there. In any case, I would be able to help him join the “club” and he will be taken care of the rest of his life. As for Mr D, he was purchasing properties in the form of “tracts of land” as he moved to diversify his assets from stock holdings to land holdings, with a sight to become a serious property developer. The Singapore property market was getting sizzling hot by the middle of 2007 and it seemed nothing could go wrong, particularly when 2 casinos were being constructed in an otherwise very conservative society.

For myself, Mr D was going to be my role model. I went on to fund entrepreneurs and Chinese companies directly, hoping one day to bring these companies to someone like Mr D, and make more than the Singaporean deal-maker, at least equal........ Oh, I forgot to mention that the Chinese local stock market went through the roof as well. To take advantage of this, I needed no advice from Mr D. My friends in the local banks helped me secure the capital easily just like what they did for thousands of state-owned enterprise officials. They took the company’s cash as “invisible lien” to lend money to the managers of these companies to punt in the stock markets. The profits of such stock market speculation go directly into the pocket of the managers. However, only in hindsight after the stock market collapse at the end of 2007 that it became obvious a lot of Chinese companies’ cash in the bank vanished into thin-air alongside the stock market bubbles.

Our worlds began to unravel at the end of the third quarter of 2007. By then, the Sub-prime Crisis, as we knew it now, had hit the U.S. economy. We were still busy feasting in the spoilt of the capital market excesses, unaware of the impacts of such a crisis that originated from the housing
bubbles in a country so far away. We were blind-sighted by the ease of making money from stock markets and at the peak of the markets in the middle of 2007, we all felt like the “masters of the universe”.

The first sign of trouble amongst the Singapore listed Chinese companies appeared when the share price of a Chinese steel company got sold off aggressively. In good times amidst a vibrant economy, this company presented to the investing community a story of their ability to turn in good profit margins by buying hot-rolled steel coils, coating them in zinc and sell them to car and consumer durable makers. One analyst, whom everyone ignored when the stock prices were rocketing, did question its business model as firstly, such production method is highly inefficient as most modern steel mills produce zinc-coated plates in one continuous process, and secondly, the investing world also knew that the prices of hot-rolled coils became excessively expensive as there was a preponderance of such downstream ! processing plants who got squeezed by the few integrated steel giants who have the capability to smelt iron-ore. Then there was the rumour of the company being privatised by a foreign steel giant seeking easy entry into the China market and its stock prices shot up before the trading of this steel company was suspended one day. Rumour had it that it had been reporting fake profits, an official report of which the investing community is still awaiting after a few months. It was so obvious an insider job to cash out their position to the retail investors and apparently, the company management was not contactable anymore!

By the second half of 2008, I believed many Chinese company CEOs were having tough times struggling to keep their business afloat amidst the most serious and swift crisis in memory as the credit situations around the world got frozen up. Worst, many of us were facing more serious issues
in our personal finances. All our investments in stock and property markets were plunging in values amidst the so-called sub-prime crisis. Worse, we could not sell our stocks and properties as the transaction volume of these investments just vanished quickly together with the confidence of the investors globally. While we busy feasted in the spoilt of the capital market excesses over the last 2 years, we did not realise that we were piling on quite a fair bit of leverages as we secured our
investments for more bank loans to attempt to reap more profits, when it all seemed so easy. We never thought! we could have any problem of repaying any of our borrowing as we were sitting on a lot of gains on our investment holdings.

There was only one easy way out for all the Chinese company CEOs and that was to dip into the honey jugs. We all understood the importance of having our closest allies to be the finance managers of our companies so that any small “problems” could always be ironed out. In this case, I just “borrowed” some cash from the company accounts to fill some of the “margin calls” from the banks outside of China, which financed my “investments” in the stocks listed on Singapore Stock Exchange, as these foreign banks were ruthless in coming to seize the underlying security when the “margin calls” were not met. In some cases, I just pledged more of my personal assets to the foreign banks. I was becoming very stressed by all these happening and was not sleeping well.

Mr D was not having a good time either. He too was suffering from exactly the same problems as we were just emulating his investment styles and leveraging activities. I heard of incidents where he turned to some of other more cash-rich companies that he invested in to “borrow” some cash
to bridge through some “margin calls”. He sold down quite a fair bit of his investment holdings to some “friendly hands” in a series of stock placements. At this moment, the goodwill and friendship he built over the years came to his rescue in these moments of “illiquidity” as the market transaction volume just dried up almost completely. However, the market prices of the stock holdings we used to secure our financing continued to drop by the days. Some of our friends and fellow “angels” were selling their holdings........and may just be in the same kinds of troubles as well. No one trusted each others at moments like these. Those that were selling their investments would not pre-warn their “fellow investors” as everyone would rush to sell at the same time! It was a time where everyone
was for himself!

My anguish did not escape the attention of the “director” on our board that Mr D posted in earlier. He flew over one day and was visibly concerned about the situation of my finances and of course, more
importantly, that of the company. He sensed troubles as he knew that I too, had quite a fair bit of personal investments that were vanishing into the thin air in values. By now, at the end of 2008, I was becoming desperate. Our company was going into the “audit season” and obviously, there was a large cash deficit that we would not be able to explain to the auditor. In the past, we could have just “arranged” for some cash to be credited into the bank account for a brief period to satisfy the auditors’ check. However, there was no such “temporary cash” to be found at any price as the sub-prime crisis had now developed into a full blown credit-crisis around the world. China was not spared in the process. With no where to turn to and the audit dateline closing in, I took the risks to “brief” the director of the true situation and asked for his help. I was surprised that he was not shocked by my confession. He had probably guessed it!

In any case, the director asked me to remain calm while he would consult Mr D to seek some kinds of new financing to help bridge this difficult period. He asked that everything remained confidential as the last thing we wanted the world to know was the “missing cash” in the company accounts. H told me that quite a number of the S-chip CEOs were on the same boat and some of the “funds” that used to backed their IPOs have been able to extend some credit directly to them ease the pressure from the foreign banks, secured by again, stock holdings of the CEOs. Little did he know that my assets had almost been entirely secured by all kinds of creditors already!

Then the irreparable damage struck. I had borrowed some money from the local Chinese banks to punt in the local stock markets. The arrangement was such that I had to return such cash to the Chinese banks at the end of the year because they too, were subjected to annual audit. I had carefully maintained sufficient cash in our company accounts, which served as the “collateral to the conscience” of my friends in the Chinese banks. As I began to use them to fund the “margin calls” of the foreign banks and the amounts got further depleted by operation losses of the company amidst the worst economic crisis the world was now facing, my “friends” in the local Chinese banks were not going to take a chance on their own fate. They were definitely not “friends in need”. They simply deduct the amount I owed personally from our company accounts two days before their auditors came in, which was of course, a few days before our company auditors came in. The rest was history...................

The auditor, which was an international firm, was not going to take a chance with their reputation. They formally informed our board of directors in early 2009. In other words, they were warning the board that the financial statements they were going to publish would be “disastrous” and could cause a serious enquiry by the regulators. I think some insiders proceeded to sell some of their shares before any official announcements were made but most of us were warned not to do anything with our holdings as that would be considered “insider trading”. Of course, all my older colleagues and company directors hated me as a consequence. I was asked to absent myself from all their meetings as they attempted to come up with a solution before the mandated result announcement date stipulated by the Stock Exchange.

I was very scared. I had no one to turn to as even Mr D had stopped answering my phone calls. Everyone was trying to distance himself from me and it became obvious that I was going to be the “scapegoat”. To protect myself, I seek the advice of some lawyers in China who in turn, consulted
their friends in Singapore. To my relief, I was advised that should I be found guilty in the Singapore courts for misappropriating company assets, there was no established bilateral treaty as yet for Singapore court to extradite me from China. The China Securities Regulatory Commission, the securities regulator in China, had never once recognised their responsibility to regulate the S-chip companies listed in Singapore. In fact, the Hong Kong Stock Exchange had faced similar issues for decades in their attempt to regulate the P-chips, which were Chinese private enterprises listed on Hong Kong Stock Exchange, to no avail. In other words, as long as I refrained from stepping my feet on Singapore soil, nothing could be done to me. In any case, I thought given the hatred I faced from all my older colleagues and friends in the hometown, I should be taking some long overdue holidays. I relocate my family to a Chinese seaside town. Although I was now an ordinary citizen, I was glad that my wife kept quite a far bit of the money I gave her along the way and that should be enough to last us a life time, at least in China.

Through internet, I came to know that the company finally disclosed the incident to the Stock Exchange and the stock was suspended. They appointed an investigator but I was no where to be found. So it would be interesting on how the story could turn out post the investigation report. In fact, a number of S-chips suffered from the same problems and were suspended from trading soon after us. Inevitably, there were cases of over-stated revenues, fathom receivables, missing cash, over-leveraged financial positions of the founding entrepreneur who mortgaged away their own stocks, as well as outright manipulation of stock prices. In many cases, I suspected the irregularities had begun right from the very beginning, before the companies were even listed. Many were not real companies at the first place. My friends in the know told me that a few more had been discovered as suffering from “missing cash” and jokingly commented that the Exchange had to arrange for a smooth sequence of announcements just like the way they schedule result announcements of listed companies.


CEO of a S-chip company
With all these irregularities exposed and more promised to appear, the stock prices of all S-chips have literally collapsed. All my friends and their “club members” must have suffered tremendous losses. Some dealmakers and their syndicate members apparently were facing margin calls on daily basis and some even declared themselves bankrupt. It must have been a very trying period for everyone. However, I did not seem to have much sympathy to all these people. I witnessed how some of them became filthily rich in a short span of time without having to work hard, while other enjoyed a
good ride in fortune just because they (or their friends or relatives) were in position of influence. I was the only one that would be made a “scapegoat” and had to live a life of “exile”, while these guys could
still just lick their wounds secretively and continued on with their life. I do not sympathize those institutional investors who lost their money as if they did, they were simply either incompetent or someone had benefited personally along the way in having committed their funds’ money in such investments. Curiously, I wonder who will speak on behalf of all the many ordinary people in Singapore who came to believe the investment potential of these S-chip companies after all the beautiful “packaging” the dealmakers and entrepreneurs wrapped around them, and went on to invest their life savings in the S-chips, only to find out one day that all these were worthless!

So when dust finally settles one day, we shall all look back and evaluate what had gone wrong and who are to be blamed. I am sure all fingers will be pointing at the Chinese entrepreneurs such as myself, who are usually labelled as “greedy and unscrupulous”. There is a ring of truth to that
accusation and I admit I am guilty. But how about those dealmakers, who taught us how to cook the books? How about those angels, who hid their identities behind some dealmakers and exerted influences to assist them to succeed in their schemes? How about those institutional investors who
trifled with the money entrusted to them? How about those intermediaries and professionals who were not vigilant enough to protect the interest of the investing public?

I would like to end with a comparison. The Ming Dynasty collapsed only after the General (Wu San Gui) they sent to defend the border against the Manchurians opened the gate voluntarily to allow the Manchurian’s army to come into the Great Wall. General Wu did that probably out of a promise to
be made a king later on and be endowed tremendous amount of riches by the Manchurians. Of course, the historians would like to add that he also needed the help of the Manchurians to defeat another general that had taken his favourite concubine. In short, the thieves and robbers are only
usually allowed in by the insiders..........

If you have read the story till this part, I am sure you are either a victim or someone who is deeply interested in the development of the S-chips going forward. Please help to forward this email to any many such interested parties as possible. We need to put an end to all these irregularities lest more ordinary people on the street suffer unnecessary losses.

In the process, you will help me to partially clear my name...... For I am not the only one to be blamed.................

TECHNICALS ALTHOUGH CANT TELL YOU COMPANY FINANCIAL HEALTH BUT FROM THE DUMPING/selling SEVERITY,YOU COULD HAVE GOTTEN OUT Beforehand!!!!FUNDAMENTALS EVEN CANT REVEAL 100% about company health AS FUNDAMENTALS CAN EVEN BE COVERED UP!!!!!!