Books

A quick visit to a local library last week resulted in a winning trade for me. Just by chance I picked this book and     reading it really is a time well spent. Very well spent.

To be honest, I have heard about this book from some of my other reading before. A quite famous book for trader, although in my ignorance I was not interested in seriously finding it to read. The book is called 'Trade Your Way to Financial Freedom' by Van K Tharp.

I recently bought, 'Trading in the Zone' and enjoy it very much, but I have to stop reading it temporarily and switch to Van Tharp's book due to the nature of library book. I have to return it in 2 weeks time!!

Alan Joyce

I do not own Qantas shares, and barely know its CEO until this weekend.  The industrial action that led to the grounding of Qantas' entire fleet sort of forced people to look at him. Who's Alan Joyce, and do you think he is worth his pay?

I kind of almost like Alan Joyce (..fyi I detest most directors..). I think he's worth every cent they pay him.

Locating the Exit

Everything is rosy on the headlines.. The stock market poised for the biggest monthly gain since 1988, The RBA 'might' cut the interest rate, The authority said that housing prices are not falling in Australia, Euro zone and Greek problems are solved, US GDP increase by a lot and Pharmaxis won positive opinion for their Bronchitol in Europe (this probably only applied to its shareholders).

Then again, things just does not seems 100% right. Close at home unemployment is creeping up, some says that housing price fall are accelerating, and Greek..? Do you think their problem is solved by Euro bailout? US housing and debt problem..?

And China.. how many doubts about their health we have heard lately?  Hard landing is coming in China, warned Dr Doom, Nouriel Roubini.

Technically, it's probably we have enough market rally recently.  Heading for the exit?

More Drama for Sundance Resources Shareholders

Sundance Resources has been placed in a trading halt again this morning.
The company requested the trading halt in response to media speculation that Hanlong Mining's takeover offer is being held up by Australian FRIB due to investigation into Hanlong's executives insider trading.
More drama to come?
Meanwhile, a stock forum that actively discussing this takeover offer and market manipulation of SDL stock prices at this time of writing is also down, with only error message displayed.