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!!!!!!

8YEARS IN THE MARKET AND I HAVE NEVER BEEN HIT BY A SUSPENDED COMPANY!!because I DISTRUST SG mkt S-chips!BECAUSE I NEVER TRUST FUCKAmentals

BELOW FROM http://en.wikipedia.org/wiki/S-Chips_Scandals

Partial List of S-Chips Scandals
This list includes name of company, stock symbol, and place of incorporation.
Fibrechem Technologies Limited (SGX: F12) (Bermuda)
FerroChina Ltd. (SGX: F33) (Bermuda)
China Printing & Dyeing Holding Limited (SGX: M67) (Singapore)
Zhongguo Jilong Limited (SGX: Z03)
Zhonghui Holdings Ltd. (SGX: Z04) (Singapore)
Sino-Environment Technology Group Ltd. (SGX: Y62) (Singapore)
China Hongxing Sports Limited (SGX: BR9) (Bermuda)
China Zaino International Ltd. (SGX: FP1) (Bermuda)
Oriental Century (SGX: 5II) (Singapore)
China EnerSave (SGX: 531) (Singapore)
China Sun Bio-Chem (SGX: C86) (Cayman Islands)
China Aviation Oil (SGX: C47) (Singapore)
China Sports International Limited (SGX: FQ8) (Bermuda)
China Fibretech Ltd. (SGX: F6D) (Bermuda)
China XLX (SGX: B9R) (Singapore)
Sino Techfibre (SGX: AD8) (Bermuda)

BELOW from http://en.wikipedia.org/wiki/P_chip

Partial List of Suspended or Delisted P-ChipsThis list includes name of company, stock symbol, and place of incorporation. The Hong Kong Exchange might have reassigned to other companies the stock symbols in this list.
Asia Aluminum (SEHK: 930) (Bermuda)
Bep International (SEHK: 2326) (Bermuda)
Fu Ji Food and Catering (SEHK: 1175) (Cayman Islands)
Peace Mark (SEHK: 304) (Bermuda)
Smart Union (SEHK: 2700) (Cayman Islands)
Tack Fat (SEHK: 928) (Cayman Islands)
U-right International (SEHK: 627) (Bermuda)
A - S China Plumbing Products Ltd. (SEHK: 8262) (Cayman Islands)
ABC Communications (Holdings) Ltd. (SEHK: 30) (Bermuda)
Automated Systems Holdings Ltd. (SEHK: 771) (Bermuda)
China Information Technology Development Ltd. (SEHK: 8178) (Cayman Islands)
China Jin Hui Mining Corporation Ltd. (SEHK: 462) (Cayman Islands)
China Medical and Bio Science Ltd. (SEHK: 8120) (Cayman Islands)
China Nickel Resources Holdings Co. Ltd. (SEHK: 2889) (Cayman Islands)
China Packaging Group Co. Ltd. (SEHK: 572) (Cayman Islands)
China Post E-Commerce (Holdings) Ltd. (SEHK: 8041) (Cayman Islands)
China Star Film Group Ltd. (SEHK: 8172) (Bermuda)
China Trends Holdings Ltd. (SEHK: 8171) (Cayman Islands)
CIL Holdings Ltd. (SEHK: 479) (Bermuda)
Climax International Co. Ltd. (SEHK: 439) (Bermuda)
EganaGoldpfeil (Holdings) Ltd. (SEHK: 48) (Cayman Islands)
Extrawell Pharmaceutical Holdings Ltd. (SEHK: 858) (Bermuda)
Grand Field Group Holdings Ltd. (SEHK: 115) (Bermuda)
Hong Kong Resources Holdings Co. Ltd. (SEHK: 2882) (Bermuda)
Info Communication Holdings Ltd. (SEHK: 8082) (Cayman Islands)
Jackin International Holdings Ltd. (SEHK: 630) (Bermuda)
Kith Holdings Ltd. (SEHK: 1201) (Bermuda)
M Dream Inworld Ltd. (SEHK: 8100) (Cayman Islands)
Mitsumaru East Kit (Holdings) Ltd. (SEHK: 2358) (Cayman Islands)
Nam Fong International Holdings Ltd. (SEHK: 1176) (Bermuda)
Nam Hing Holdings Ltd. (SEHK: 986) (Bermuda)
New City (China) Development Ltd. (SEHK: 456) (Cayman Islands)
Ngai Lik Industrial Holdings Ltd. (SEHK: 332) (Bermuda)
Ocean Grand Holdings Ltd. (SEHK: 1220) (Bermuda)
Pan Asia Mining Ltd. (SEHK: 8173) (Cayman Islands)
Pan Sino International Holding Ltd. (SEHK: 502) (Cayman Islands)
Peaktop International Holdings Ltd. (SEHK: 925) (Bermuda)
Prosten Technology Holdings Ltd. (SEHK: 8026) (Cayman Islands)
QPL International Holdings Ltd. (SEHK: 243) (Bermuda)
Rojam Entertainment Holdings Ltd. (SEHK: 8075) (Cayman Islands)
SMI Publishing Group Ltd. (SEHK: 8010) (Cayman Islands)
Wai Chun Group Holdings Ltd. (SEHK: 1013) (Bermuda)
Warderly International Holdings Ltd. (SEHK: 607) (Cayman Islands)

I REPOST MY EARLIER POSTS TO LET U ALL SEE THE FUCKING LOUSY POWER OF FUCKAMENTALS

DJ MARKET TALK: Harvest Fund QDII To Benefit S-Chips - UBS (2007/10/02 10:26AM)


--------------------------------------------------------------------------------



0226 GMT [Dow Jones] China''s approval last week for Harvest Fund QDII to invest in S-chips was six months ahead of expectations, says UBS. Expects move to trigger wave of liquidity in China shares listed in Singapore, or S-shares, which trade at a discount to Hong Kong peers; says companies with unique China exposure vs mainland and Hong Kong offerings look the most attractive. Top S-chip picks are Hungguo (H14.SG), Sino Environment (Y62.SG) and Raffles Education (R17.SG). (KIG)


Contact us in Singapore. 65 64154 150;
MarketTalk@dowjones.com


(END) Dow Jones Newswires

October 01, 2007 22:26 ET (02:26 GMT)

Copyright (c) 2007 Dow Jones & Company, Inc. DJ MARKET TALK:Merrill Cuts Celestial Target To S$1.18, Keeps Buy (2008/02/26 11:10AM)


--------------------------------------------------------------------------------



0310 GMT [Dow Jones] STOCK CALL: Merrill Lynch lowers target price for Celestial Nutrifoods (C56.SG) to S$1.18 from S$1.92, but keeps Buy call. Says firm likely to continue facing high soybean costs. "We believe the group could only pass on part of the higher costs and forecast an 8% drop in FY08 margins," says analyst Eddy Loh in note. But notes Celestial''s 4Q07 results were within expectations; company likely to see robust sales growth in 2008 through launch of new beverage and powder products, commercial startup of biodiesel plant in 3Q08. Share down 5.6% at S$0.67. (FCS)


DJ MARKET TALK: CIMB Keeps Celestial Nutrifoods At Outperform (2007/10/08 10:35AM)


--------------------------------------------------------------------------------



0235 GMT [Dow Jones] STOCK CALL: CIMB reiterates Celestial Nutrifoods (C56.SG) at Outperform, maintains S$2.23 target price. "We recently visited Celestial''s production facilities in Lindian and Daqing, China and came away convinced that its expansion plans are on track." Notes company has started producing two new products on trial basis, new biodiesel plant nearly completed, products prominently displayed in leading Chinese supermarkets. Says positive on outlook, but no change to earnings estimates. Stock currently +0.6% at S$1.55. (KIG)


DJ MARKET TALK: CIMB Raises Ferrochina Target Price To S$2.44 (2008/05/22 11:51AM)


--------------------------------------------------------------------------------



0351 GMT [Dow Jones] STOCK CALL: CIMB raises Ferrochina (F33.SG) target price to S$2.44 from S$2.11, reiterates Outperform call after plant visit. Broker says steel product maker''s expansion of Xinghai and Xingyu facilities appears to be on track. Adds new product lines should boost output, improve product mix and gross margins; company seeking strategic investor to move further upstream in order to secure raw materials. Says target price hike reflects, "improved business visibility and possible value-creation from strategic investors." New target price still assumes 35% discount to industry peers to reflect its smaller size. Share down 0.6% at S$1.64. (KIG)

DJ MARKET TALK: CIMB Raises FerroChina Target To S$2.11 (2008/04/29 16:35PM)


--------------------------------------------------------------------------------



0835 GMT [Dow Jones] STOCK CALL: CIMB raises FerroChina (F33.SG) target price to S$2.11 from S$2.09 after increasing FY08 earnings estimate 15% on enlarged capacity and higher average selling prices, or ASPs. Also raises FY09-10 forecasts to account for the timing of new capacity, higher ASPs, higher group expenses, lower forex gains. "Given FRC''s excellent business visibility, we maintain Outperform." Notes 1Q08 net profit +161% on-year at CNY188.5 million, came in 15% above house''s annualized estimate, but 6% below market consensus. Says key variance higher revenue of CNY3 billion (+167% on-year) with increased capacity from Superb Team acquisition, higher ASPs on strong demand, significantly higher other income as a result of forex gains from weaker USD/CNY, USD/SGD; notes 1Q08 net profit marks 23% of house''s FY08 forecast. Notes gross margin steady at 8.8% despite rising HRC feedstock prices, exacerbated by higher iron ore and coking coal prices. Share down 4.9% at S$1.37. (LES)
DJ MARKET TALK: DBS Keeps FerroChina At Buy, Target At S$3.38 (2007/10/25 16:29PM)


--------------------------------------------------------------------------------



0829 GMT [Dow Jones] STOCK CALL: DBS Vickers keeps FerroChina (F33.SG) at Buy, with target price at S$3.38 after company visit. "We continue to like FerroChina given its firm growth outlook, driven by both organic expansion and acquisitions." Says valuations undemanding at less than 9X FY08 earnings, with share one of cheapest Singapore-listed China plays above S$1 billion in market capitalization. "The successful acquisition of Superb Team will help transform FerroChina into one of China''s largest independent galvanised steel producers and help underpin robust earnings growth into FY09." Notes FerroChina to be among 10 largest S-chip by market capitalization after purchase; says should help attract QDII funds. Share up 4.2% at S$2.48. (LES)

DJ MARKET TALK: Ferrochina May Become Blue Chip - CIMB (2007/05/22 16:26PM)


--------------------------------------------------------------------------------



0826 GMT [Dow Jones] Ferrochina (F33.SG) off 0.9% at S$2.30 in heavy volume, slips back on profit taking after equaling record high of S$2.43 set on Friday. CIMB says company "poised to become a major global galvanized steel player and is likely to achieve blue-chip status in a few years." Keeps at Outperform with target price of S$3.10, based on 9.0X CY08 P/E; says "as the company continues to grow in size and establishes itself as a global leader in galvanized steel, we believe it should at least trade closer to its peers." Thinks expansion activities could lead to a threefold expansion in capacity in coming years. (JEM)


DJ MARKET TALK: Ferrochina Valuations Very Undemanding - Daiwa (2007/06/29 09:19AM)


--------------------------------------------------------------------------------



0119 GMT [Dow Jones] Ferrochina (F33.SG) +0.9% at S$2.21 on thin volume; current valuations very undemanding, with the stock trading at a 36% PER discount to Hong Kong-listed integrated steel stocks, according to Daiwa. Following company gaining full control over its associate, Superb Team, brokerage estimates total processing capacity will increase to 1.7 million tonnes, 4.25 million tonnes for FY07, FY08 respectively (+86%, 151% on year); says "resultant synergies and margin expansion would drive stronger earnings growth for FY07 and FY08." Raises target price to S$3.42 from S$2.29, keeps at Buy; upside capped at week high of S$2.30. (JEM)



DJ MARKET TALK: MS Starts China Milk At Overweight, S$2 Target (2007/11/02 13:57PM)


--------------------------------------------------------------------------------



0557 GMT [Dow Jones] STOCK CALL: Morgan Stanley starts China Milk Products Group (G86.SG) at Overweight with S$2 target. Says company is one of best plays on resource productivity, with cattle herd boasting best composition of pedigree bulls, cows in China. "We believe the market is missing the full benefits of the management''s ability to improve herd mix to drive higher milk yield, quality cattle semen and embryos, and in turn support margin trend, along with a further government push to improve cattle genetics in China." Stock +3.3% at S$1.24 midday. (FKH)

DJ MARKET TALK: Phillip Upgrades China Sun To Buy, 85.5C Target (2007/05/29 10:03AM)


--------------------------------------------------------------------------------



0203 GMT [Dow Jones] STOCK CALL: Phillip Securities ups China Sun Bio-chem Technology (C86.SG) to Buy from Hold, lifts fair value to S$0.855 from S$0.81; notes stock currently trades at valuations of 7.9x FY07 PER, 6.3x FY08 PER, believes "such low valuations are unjustified, given its leading industry position and medium term growth potential." Expects adjusted EPS to grow at 3-year CAGR of 19% between FY07, FY09 after company posted 23% on year rise in 1Q07 net profit to CNY82.1 million. Trades up 0.8% at S$0.67 on modest volume. (JEM)


DJ MARKET TALK: Beauty China Selloff Is Overreaction - ML (2007/09/27 08:15AM)


--------------------------------------------------------------------------------



0015 GMT [Dow Jones] STOCK CALL: Beauty China''s (B15.SG) share price fall on news 3Q earnings growth may slow is unjustified, says Merrill Lynch. "In our view, the market simply overreacted. We have pointed out our expectations for a slower 2H07 many times in our research, and BCH has also communicated cost concerns with investors before." Adds company remains cheapest China consumer play; "the recent price weakness represents a good entry point." No change to earnings forecast, reiterates Buy rating, maintains S$1.38 target. Shares closed down 2.7% at S$1.09 yesterday.(KIG)

DJ MARKET TALK: CIMB Keeps Beauty China At Outperform, Tgt S$1.67 (2007/11/22 16:12PM)


--------------------------------------------------------------------------------



0812 GMT [Dow Jones] STOCK CALL: CIMB reiterates Beauty China (B15.SG) at Outperform with target price of S$1.67; says target at 60% discount to China retail peers due to its smaller size. Says Beauty China trading at 9X 2009 earnings vs 20X for Singapore-listed China retail stock China Hongxing (BR9.SG). Notes commercial production at company''s new plant began mid-October, group has secured HK$2 million worth of orders. Notes 9M07 earnings about 68% of CIMB FY forecast; projects 4Q07 revenue of HK$197.8 million with net profit at HK$38.2 million; expects margins to narrow on seasonally higher A&P expenses, higher packaging costs, start-up losses from new plant. Share down 4.6% at S$1.24; STI down 0.9%. (LES)

DJ MARKET TALK: Beauty China Fundamentals Still Good -UOBKH (2008/06/13 14:07PM)


--------------------------------------------------------------------------------



0607 GMT [Dow Jones] STOCK CALL: Beauty China''s (B15.SG)fundamentals remain intact with no slowdown for China retail sales, says UOB KayHian; reiterates Buy call, keeps target price unchanged at S$1.38. Notes cosmetics firm''s shares are now 43% below 52-week high of S$1.48 hit on Jan 2; blames fears of slowdown in consumption following China snowstorms, earthquake and concerns over margin squeeze from higher raw material prices. But says China retail sales still solid, registering record high in April whilst new products, increasing utilization rates should help ease margin pressure. "Considering the bright prospects of the cosmetics industry, the production ramp-up at the new plant and the launch of new products with higher margins, we remain positive on the stock." Shares currently down 0.6% at S$0.84. (KIG)


I REPOST OLD NEWS TO SHOW THAT NEWS AND FUNDAMENTALS ARE WORSE AND MORE INACCURATE THAN TECHNICALS... PUI ;OUSY S SHARES!!LUCKILY DUE TO ME LOOKING DOWN ON SINGAPORE ABILITY TO ATTRACT BIG FOREIGN COMPANIES,I DECIDED TO INVEST IN ZERO S SHARES FOR LONG TERM SINCE 2005.AND NOW WITH THESE NEWS ON CHINA MILK I WILL NOT EVEN TOUCH THEM FOR DAY TRADING..

I NEVER EVEN got caught by ONE SUSPENDED SHARE DUE TO MY PRUDENCE.

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.

2.SP500 may PLUNGE TONITE,dragging ever closer to 1275(as every friday of starting drop week will drop)

IF case 2 happens TONIGHT, THEN MONDAY WILL HAVE MAXIMUM FEAR suddenly because the market went up so much on 25thfeb,FROM HEAVEN TO HELL for longs suddenly and PLUS tuesday will also be down day for hsi,sti,

WEDNESDAY MORNING,(2nd march 2011)9AM,CAN BUY stocks,call warrants!!

24feb2011:BUY HSI CALL WARRANTS ON 28FEB2011 9AM(SINGAPORE TIME) IF....

THESE REQUIREMENTS MUST BE MET TO YIELD THE BEST SCENARIO TO USE SMALL CAPITAL WIN BIG!!

REQUIREMENTS


1.HSI,STI MUST PLUNGE 2% on FRIDAY,TOMORROW,25TH FEB 2011

2.SP500 MUST CLOSE AT 1275 OR BELOW BY A BIT ON 25TH FEB2011 5AM(SINGAPORE TIME)

3.ASIA MKTS MUST GAP DOWN ON MONDAY,28TH FEB2011

IF THESE 3 CRITERIAS ARE MET,WHACK THAT BLOODY CALL WARRANT(OF COURSE CHOOSE HSI) AS HSI HAS 2 POS DIV AT 22400

WHY THIS SCENARIO IS LIKELY TO HAPPEN?

REASONS

1. USMKT ALWAYS FALL FOR THE PAST 5 UPLEGS on FRIDAYs OF THE STARTING WEEK of drop

2. this time the media has the UPPERHAND..what upperhand?the LIBYA news.WHEN THE MEDIA HAS THE UPPERHAND, STOCKMKT OPERATORS WILL MOST LIKELY USE THAT UPPERHAND TO CREATE "MAXIMUM FEAR" to scare off IDIOTS


AS USUAL,THANK U,DOR TSAY,ARIGATO IDIOTS,BAK-CHI,RETARDS,MORONS for buying on MAXIMUM OPTIMISM AND SELLING OFF IN MAXIMUM FEAR!!

BIG SALUTE to idiots who BOUGHT FROM ME ON 7FEB2011 and will SELL BACK TO ME WHEN STI HIT 2900

I LOVE U RETARDS..WITHOUT U,THERE IS NO FULLTIME TRADER JOB

I LOVE U I LOVE U I LOVE U
WHEREEVER U GO,ILL FOLLOW ILL FOLLOW,ILL FOLLOW

ONLY YOU AND YOU ALONE..

HUGS AND KISSES FROM SHARESWIZARD TO RETARDS AND IDIOTS

muackkssss

REMEMBER THIS POST ON 8TH FEB 2011?HOW TALLY 22400,1275,2920 is from 24-02-2011 levels

7th 10week's 1st week will bounce off the diagonal trendline of LOWS of week starting 30aug 2010 and week starting 29nov2010
WATCH FOR THE BOUNCE at 1250s-1260s..im upgrading my drop in feb2011 tgt to 1240 as maximum,no longer 1200.

there are 3 cases of the consolidation:

1.1320s-1330s then fall to 1275 then a fake bounce up to 1345(78.6% fib of 1466-903 range),and a final selldown to 1250

follow the week starting may4 2009 to week starting jul6 2009 pattern

OR

2. 1320s-1330s then drop to 1250s and remain there flat till the start of 7th 10week start with a HUGE candlebody spike up

OR

3.1320s-1330s then drop to 1250s(touching THAT diagonal trendline),fake bounce up to 1345,then a final selldown to a higher value,BECAUSE THAT TRENDLINE IS UPward MOVING,increasing in value as time progresses,1270s(6th 10week's 10th week opening)

follow the week starting sept21 2009 to week starting oct26 2009 pattern

SHARESWIZARD VOTE FOR SCENARIO 1 and SECNARIO 3

proof:1220s is only 20% possible as the DIAGONAL TRENDLINE suggests a much higher value BUT 1220s is still POSSIBLE(20% possibility) with a quick plunge and quick recovery,negating the fake breakdown of THAT upward diagonal trendline

SHARESWIZARD gives 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

WELCOME TO THE sp500 RETRACEMENT TO 1240

look at the sti plunge to below 3000.

DID I SAY WRONGLY THAT THOSE WHO RUSH IN TO long ON FEB18,FEB2 ARE IDIOTS?

22ND FEB2011:STORY OF BOY WHO CRIES WOLF.WHAT HAPPEN TO THE 3RD TIME he cries wolf?

remember my 2 cases for this week i said on 19th feb2011??

CASE 1: if usmkt does not plunge tonite and can even be flat OR go up, sp500 will end UP 2.9% by friday,25feb2011

REMEMBER THE STORY OF BOY WHO CRIES WOLF?WHAT HAPPEN AT THE 3RD TIME HE CRYS WOLF?
NOBODY BELIEVES HIM...

1st cry wolf:28jan2011:egypt fears
USMKT WENT UP AFTER THAT

2nd cry wolf:22feb2011:Libya fears("coincidentally" matches with sti at 3030s and hangseng at 23000s)

3rd cry wolf:???
THEN WILL COME THE REAL DROP 6-7%!!

Case 2:BUT if usmkt plunge tonight,then THIS WEEK WILL BE THE STARTING WEEK OF THE RETRACEMENT PERIOD

19th feb 2011:DROP IS DELAYED!SP500 VERY LIKELY TO GO HIGHER 2.9PC FOR FINALE WEEK next week

lets see all my past theories:

THEORY
1. 10week theory(1st one is a 9week)
2. last week gains cant be > 1st week gains
3. last week sure up
4. ALL past 10week uplegs' LAST WEEK always OPEN on a fibonnacci of 1466-903 range
5. 2nd half theory(4 10week uplegs in the 1st half)
6. AFTER a 10week upleg aim of achieve CLOSING OF THAT ENTIRE UPLEG > a fibonnacci of 1576-666 range, THE NEXT UPLEG will a HIT A HIGHER FIBONACCI
7. THERE ARE 2 SIGNS OF A START OF RETRACEMENT WEEK:
a.retracement week highest will be 5-6points HIGHER than the maximum of the LAST week of the upleg
b. retracement week will not go higher than the highest of the LAST week of the upleg,and will start to ERASE more than 50% of the gains.


SO IN SUMMARY ALL THESE THEORIES SUGGEST THAT sp500 will have 2 scenarios NEXT WEEK

SCENARIO 1:
SP500 WILL GO TO 1381(78.6PC OF 1576-666), BECAUSE 1343(18FEB2011 CLOSING) X 1.029(SP500 UP 2.9+PC IN 1ST WEEK),hence this 6th upleg will take a total of 13weeks,AIM OF THIS UPLEG:= 78.6PC

SCENARIO 2:

SP500 WILL START RETRACING NEXT WEEK, hence this upleg is only 12 weeks from NOV29 week.AIM of this 6th upleg: > 61.8PC ONLY

FROM THE 2SCENARIOS,I KNOW THE FUTURE ALREADY..

FUTURE1 FROM SCENARIO 1:BECAUSE SP500 CLOSES AT 1381,and using all the theories ABOVE combined,the NEXT upleg,the 7th upleg's LAST WEK will open at 1466(the 100pc of 1466-903 range).
THE 7TH upleg aim will be > 78.6pc AND HENCE 8TH UPLEG WILL be = 1580 THE 2007 HIGHEST!!

future 2 from scenario2: PLAIN WASTING TIME as this 6th upleg only finish >61.8pc. THIS SCENARIO2 DEFY THEORY 4.hence i dont think it will be possible

THOSE WHO LONG STI TODAY ,18FEB2011 ARE CLEAR CLOWNS

the resetting of sti to 3120 is a joke indeed, PREPARING TO USHER IN usmkt drop.

IDIOTS WILL NEVER KNOW THE IMPORTANCE OF 3120==3120 is the point sti breakdown from.
THE RESETTING ALSO CONFIRMS STI LISTEN TO USMKT.

congrats for buying longs today AND REMEMBER TO DUMP TO ME WHEN THE PLUNGE COMES.i will be collecting at 2900s

WATCH OUT TONITE,18TH FEB2011,IF CLOSE BELOW 1329 IN SP500 SIGNAL START OF RETRACEMENT WEEK AS THIS WEEK

ok im wrong about that "add 5 points to the max of last week" algorithm to get this week's max BUT if today,18th feb2011 USMKT DROP OR PLUNGE,it will signal the START OF RETRACEMENT week..

minimum drop today must be below 1329 by a little bit to QUALIFY THIS WEEK AS START OF RETRACEMENT WEEK,so minimum shareswizard is looking for is a 11-12point drop in sp500 TONITE,18th feb2011

FACTS ABOUT ALL PAST 5 START OF RETRACEMENT WEEKS:ALL PAST 5 FRIDAYS DROP/PLUNGE,
evidence in below post

BUNCH OF ADULT RETARDS..WHAT CAN THE SG GOVT DO TO CURB INFLATION?

POLLS
What would you want to see in this year's Budget?
Thanks for being one of the first people to vote. Results will be available soon. Check for results

Measures to tackle inflation
38 % Measures to tackle inflation
22 votes More help for low income groups
28 % More help for low income groups
16 votesBonuses to boost fertility rates
9 % Bonuses to boost fertility rates
5 votesCuts in personal income tax
25 % Cuts in personal income tax
14 votes
--poll from xin.msn

LOOK AT THE BUNCH OF LOSERS VOTIN FOR TO TACKLE INFLATION...

didnt LONG commodities and WHINE!u think the singapore govt can do anything to stop speculation in wall street on the commodities????????

I MUST THANK THE SG GOVT FOR RAISING GOODS SERVICES TAXES BEFORE THE CRISIS IN 2007,AND DIDNT ABOLISH OR REDUCE THE GST in 2008-2009,THAT CAUSE ME TO BE more self reliant,RATHER THAN WHINE

PLEASE RELY ON YOURSELVES ADULT SINGAPOREANS,u didnt pay attention to investments and there u regret it!!

I LOVE PUNISHMENTS

POVERTY FOR NON SAVVY PEOPLE,talking about movies,clubbing,shopping all the time

please dont think ONLY SEXUALLY TRASMITTED DISEASES FOR PROMISCUOUS PEOPLE,POVERTY thru inflation CAN STRIKE U DEAD IF U R NOT SELF-RELIANT

17THFEB2011 9.57pm:MY ALGORITHM WILL BE PROVEN RIGHT TO BE THE MANIPULATORS' ALGORITHM BY TODAY,18FEB2011,5AM(SINGAPORE TIME) IF..

1.USMKT DROP TONITE,PULLING US FURTHER AWAY FROM 1337

THEN

2.tomorrow,friday,18th feb2011,sp500 will drop/plunge DEPENDING ON TONITE.

THEN

3.BY LAST DAY OF NEXT WEEK,25TH FEB2011, sp500 will go to 1276 OR LOWER...

THIS IS THE OPERATORS' ALGORITHM---IF 1, THEN 2, THEN 3

LETS SEE IF IT GETS ACTED OUT 1 BY 1!!!!!!!!!!!!!!!

POSTED BY SHARESWIZARD 17THFEB2011 9,57PM SINGAPORE TIME

I WORSHIP RETARDS BLIND LOYALTY TO THE THINGS THEY ARE FAMILIAR WITH

i already stated shanghai > US > HANGSENG > STI in terms of upward strength.

AINT IT TRUE?

i met so many singaporeans,so loyal to a sinking ship,reminded me of KAMIKAZE ATTITUDE..

just because a particular share,eg.swiber helped u earn $ before, wah u cling on to that share like GOD and will re buy and rebuy,defying even current trends,which is DOWN for sti in short to medium term.

I SALUTE RETARDS KAMIKAZE ATTITUDE!!IF IM LIKE U, I CANT EVEN BE A FULLTIME TRADER for even 1 year,let alone 7years.

RETARDS CANT EARN $ FROM STOCKMARKET AND HAVE TO DO BUSINESSES LIKE A PHOTOSTUDIO,OR WORKING AT 50YEARS OLD etc just for survival sake.

IF IM BLESSED WITH A STOCKMARKET LIKE 1982 TO 2000 IN US,HK,ETC, WILL i BE EVEN BE A FULLTIME TRADER?i will be a mini property developer by now.

RETARDS WHO HAVE GONE THRU SO MANY SECULAR BULLMARKETS,AND STILL POOR AT OLD AGE HAVE ONLY THEIR OWN PATHETICNESS OLD STUBBORN ATTITUDE TO BLAME

NOW 12.30AM:WATCH THE MAGIC OF ALGORITHM LATER!!

sp500 hit my tgt of 1337,add 6+points to last week max at 1330.79..
THATS WHY I TOLD U IN MY SMS to PLACE YOUR BETS before usmkt open tonite..

IF U PLACE YOUR BETS AFTER USMKT OPEN,U ALREADY KNOW CASE2 IS IMPOSSIBLE,NOT FUN RITE???

2SCENARIOS NOW:
1) IF SP500 DOES NOT GO DOWN ON WED,THURS, THEN FRIDAY A PLUNGE IS AWAITING

2)IF SP500 DOES DROP A BIT on wed and thurs,THEN FRIDAY MAY OR MAY NOT PLUNGE.

ANOTHER BET FOR U TO PLACE..COME COME PLACE YOUR BETS

another joke i just saw!stockmarket is indeed hilarious,COME COME PLACE YOUR BETS on case 1 or case 2

what did i see?

2nd,3rd 10weeks uplegs,the next week after the 10th week,HIGHEST sp500 went was only 5points ON BOTH OCCASSIONS higher than the HIGHEST of the 10th week.

CASE 1:meaning IF SP500 WERE TO GO UP,IT BETTER GO UP IN TUESDAY,WEDNESDAY AND THURSDAY to 1335,BECAUSE ALL PAST 5 FRIDAYS OF START OF RETRACEMENT WEEKS ALWAYS CLOSED DOWN OR PLUNGED!!

CASE 2:the other 3 10week uplegs,ALSO are coincidentally similar..ALL the other 3 10weeks,the next week after the last week of the upleg,DID NOT GO HIGHER BUT DROP TO > 50% OF THE GAINS OF LAST WEEK.

IT WILL BE CASE 1 OR CASE 2!!COME PLACE YOUR BETS!!


ALL EYES WILL BE ON HOW SP500 PLAY OUT THIS ALGORITHM BY THIS WEEK,THE 12TH WEEK AS THIS UPLEG TAKES A TOTAL OF 11WEEKS!!

remember i said sti will be weakest among 3 brothers,hsi,sp500 on 10th feb 2011..

ISNT THAT REALLY PLAYING OUT?

today is 16th feb2011,even when hangseng return to 23.1K,same highs as 14th feb 2011,sti is far far behind 14th feb highs of 3110s,today only 3080s

16thfeb 2011:another steven chow movie

remember steven chow timing of the hero entrance in the movies?

VERY "COINCIDENTAL" RITE?

today hangseng strength is NOT BECAUSE OF CHINA.

hangseng has already achieved 1st positive div at 22.4K (my mistake in the other posts as i didnt check 11thfeb2011 hsi hit 22446)

thats why although i wanted to short hangseng at 23100,my heart is telling me to but my soul is weak..

REMEMBER MY EARLIER POST ABOUT HSI IS A ? mystery,"COINCIDES" WITH CHINA STRENGTH but also with usmkt dropping in the next 2weeks

REMEMBER I SAID STI WEAKEST among hsi,sp500.14thfeb2011 hangseng at 23.1k,sti3110s.16thfeb2011,hsi at 23.1k,sti3080s

15thfeb 2011 PREDICTION:LAMBS TO THE SLAUGHTER PART 4--BULLS TO THE SLAUGHTERHOUSE by 25th feb 2011

Art Cashin: End of Week Will Tell Tale For S&P
Published: Tuesday, 15 Feb 2011 | 9:42 AM ET Text Size By: JeeYeon Park
CNBC News Associate

MY COMMENTS

LOOKS LIKE THE OLD BIRD KNOWS WHAT HE IS TALKING...

I WILL EXPLAIN IN DETAIL WHY ART CASHIN'S VIEW COINCIDE WITH MINE

REASONS
1) VERY NEXT WEEK AFTER THE UPTREND ENDED(eg.1st 9week uptrend from mar09-may09,the next week is the 10th week) ALL,for PAST 5TIMES unable to go much higher than the closing of the previous week.

2)THIS UPLEG IS 11WEEKS,NOT THE USUAL 10WEEKS WHICH HAPPEN ON 2ND,3RD,4TH,5TH 10WEEK UPLEGS.THE 1ST 10 WEEKS UPLEG IN MARCH-MAY09 WAS ACTUALLY 9WEEKS UPLEG.A SLIGHT DEVIATION FROM NORMAL 10WEEKS,this 6th 10weeks upleg is actually 11weeks upleg,ISNT FARFETCHED.

3)EVERY FRIDAY OF THE WEEK RIGHT AFTER THE UPLEGS RESULTED IN A FALL IN SP500,WHICH SUGGESTS THAT IF 18TH FEB2011 THERE IS A FALL,IT WILL CONFIRM THIS WEEK,WEEK ENDED AS 18TH FEB 2011 AS THE 12TH WEEK,THE WEEK RIGHT AFTER THE 11WEEKS UPLEG HAS CONCLUDED.

4)NEXT WEEK WILL SEE SP500 DROPPING TO AS LOW AS 1275 OR EVEN LOWER BY 25TH FEB 2011 IF THIS WEEK IS CONFIRMED AS THE START OF RETRACEMENT WEEK.

P.S.PLEASE TAKE ATTENTION OF ALL WORDS IN BOLD.they will come true come 18thfeb 2011 when we will witness a drop on THAT DAY, PLUS by 25th feb 2011,sp500 will drop lower or equal to 1275
NOTE:IF REASON 3 THEN REASON 4 IN THIS SEQUENCE!!

didnt i say that people who rush in to long HSI,STI on 14feb2011 are IDIOTS?

the manner of manipulation yesterday,14th feb 2011 is so similar to the 2feb2011 fake push up in hangseng 426points in half a day...

IS THE SHARESWIZARD ever TERRIBLY WRONG??????????

AM I NOT JUSTIFIED TO MOCK AT RETARDS?

TOPIC OF LECTURE:15th feb 2011-I AM A FREE BIRD 7,8MONTHS LATER

y??

BECAUSE I AM GOING TO EMIGRATE AWAY FROM SINGAPORE..

YES,NO MORE LIKE A BIRD IN A BEAUTIFUL CAGE!THE WORLD IS MY OYSTER!!

u will think what has my emigration got to do with stckmkt?

HELL LOTS OF ASSOCIATION!!

i am going to renew my past prediction of sp500 hitting 1580 BY SEPT2011!!

let me explain hsi,shanghai composite,sp500

SP500

THERE IS GREAT debate whether a A-B-C cyclical bull market OR a ELLIOTT 5 WAVE cyclical bull??

REASONS for A-B-C:
1)AS sp500 is still in a secular bear market,and the CRASH in 2007-2009 march was indicative of a ELLIOT 5wave down,HENCE THIS UPMOVE IN SP500 FROM MARCH 09 TO SEPT 09 will be an A-B-C upwave to 1580...

2)1st half from mar09-apr2010,the points was 560s,u project to the bottom of WAVE B(euro crisis excuse),u will also get 560 to 1580!!WAVE A AND WAVE C are usually SAME IN LENGTH AND TIMING

REASONS FOR ELLIOTT 5WAVE THEORY

http://www.thedisciplinedinvestor.com/blog/2009/03/03/elliot-wave-where-are-we-in-the-wave-structure/

1)FROM ABOVE,the subprime crisis was just the finish of a A-B-C wave and looks set to embark on a 5wave elliott.if it is elliottwave,then wave 3up is usually the MOST EXTENDED WAVE--set to take sp500 beyond 1580.

2)since elliott 5wave theory also suggests that the corrective phases ALTERNATE.
euro crisis takes place with a sudden plunge and almost 17pc,HENCE the WAVE4 correction will be a SIDEWAYS MOVEMENT,MATCHING with breakout of 1580 and retesting 1580 support AGAIN in a horizontal band.

SO GUYS--U VOTE FOR A ABC UP WAVE TO 1580 OR A START OF A ELLIOTT 5WAVE UP????

TGT FOR SP500:SEPT-OCT2011 1520-1580

SHANGHAI COMPOSITE
SSE hit peak in AUG09 and RESTED FOR 1.5YEARS TO FEB 2011,WHICH I ASSUME THIS MONTH IS THE REAL BREAKOUT AFTER NOV10 FAILED BREAKOUT...

1ST HALF IN SHANGHAI WAS FROM OCT08-AUG09,total of 10months,hence by feb 2011,we breakout of 3000,meaning ONE WAY UP FOR sse for next 10months!!

TGT FOR SHANGHAI COMPOSITE:NOV2011-JAN2012: 4400-5169!!

HANGSENG

HANGSENG ended its 1st HALF at 23100maximum set in NOV09,in between SHANGHAI maximum of 3456,set in AUG 2009 and USMKT PEAK IN APR2010

HENCE U KNOW HANGSENG 1ST HALF IS UP 8MONTHS FROM MAR09-NOV09.
HENCE FROM THERE,U KNOW THAT HSI WILL PEAK IN BETWEEN US PEAK AND CHINA PEAK.
JUST NOW, I HAVE PREDICTED SHANGHAI MAX IN NOV2011-JAN 2012 AND USMKT IN SEPT-OCT2011,HENCE I SET THE TIMING DATE FOR HANGSENG TO HIT PEAK IS NOV2011!!

SO IF U MINUS OFF 8MONTHS FROM NOV2011,U WILL KNOW THAT THIS DROP IN HANGSENG AND HENCE SP500 WILL END IN MARCH-APR2011!!!!!

HANGSENG TGT 21800-22000 (worst at 21300)IN MARCH2011,AND HENCE THE SAME PROJECTION OF 11k POINTS IN THIS 2ND HALF!!==32k!!(1ST HALF WAS FROM 12k TO 23K)

hangseng timing of 32k-nov2011!!