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Cesarnc's market talk, gossips, rumours & fun

  • #7,061
  • Mar 27, 2008 2:38pm Mar 27, 2008 2:38pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
Oh boy, I'd be typing from a yatch by now, was Xtorm crack-related

But nooooo, i had to be well educated in a traditional catholic family. "Work your ass off and you will succeed"

Finally back to my place, back to decent internet conn and glad to see nothing fancy going on in the markets while I was out LOL....

*JPYs looking bearish flag forming, which is not good for my super-long term buying intentions....

In the other hand, Dow is holding above the trendline it cracked on Monday... Let's see if bulls are strong enough...

On the dollar, I heard physicians holding meetings to decide whether or not to declare its brain death

Next days will be either

bye bye dollar

or

buy buy dollar
Cesar, you should look at your calendar - were still in march, end of year tax returns still have 8days before final numbers are closed out.

I expect we have seen some bulls being hit hard by the positions being closed out by investors trying to get the best price they can before the end of the month - the ones that missed out earlier anyway. so for me the buy point is from 5th april onwards.

just my view, and i'm still learning fundimentals, so i could be way of, but to me it just makes sense.

MPP
  • #7,062
  • Mar 27, 2008 2:45pm Mar 27, 2008 2:45pm
Quoting MPP
Cesar, you should look at your calendar - were still in march, end of year tax returns still have 8days before final numbers are closed out.

I expect we have seen some bulls being hit hard by the positions being closed out by investors trying to get the best price they can before the end of the month - the ones that missed out earlier anyway. so for me the buy point is from 5th april onwards.

just my view, and i'm still learning fundimentals, so i could be way of, but to me it just makes sense.

MPP
Makes sense... Also we will have better sense of company's results to gauge the size of the crisis...

As they say "size does matter" LOL
  • #7,063
  • Mar 27, 2008 3:34pm Mar 27, 2008 3:34pm
GU looks like daily reversal bar - higher high with close below the open.

EU is an inside day - possible double top?

And US$ index had an up day.

So I see, at least short term, further US$ gains.
  • #7,064
  • Mar 27, 2008 3:52pm Mar 27, 2008 3:52pm
Rats, the first to flee from a sinking ship :

March 27 (Bloomberg) -- Bear Stearns Cos. Chairman James ``Jimmy'' Cayne sold his shares in the firm prior to a shareholder vote on the company's pending takeover by JPMorgan Chase & Co.
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  • #7,065
  • Mar 27, 2008 4:49pm Mar 27, 2008 4:49pm
Quoting cesarnc
Rats, the first to flee from a sinking ship :

March 27 (Bloomberg) -- Bear Stearns Cos. Chairman James ``Jimmy'' Cayne sold his shares in the firm prior to a shareholder vote on the company's pending takeover by JPMorgan Chase & Co.
Humble Lifetime Member
  • #7,066
  • Mar 27, 2008 5:24pm Mar 27, 2008 5:24pm
american banking system is dire - I call my bank in the isle of man and move money around the world with a 30 second phone conversation - then I go to town in Florida and have a one hour session with my american bank to wire money to the UK.
I get lots of forms and legal get-outs so they can send it to nigeria and it's my fault and they can charge me to hire mercenaries to go get it back....

In the uk I can wire money to any persons bank account in 3 days free - online - do it yourself - easy
(Bankers automated clearing services).

That cannot be done in the U.S. yet - I have had to re-learn how to write cheques (checks) - havent done one for decades in the UK

and when I top up with oanda I have to mail a check to new york in a nice envelope with a stamp and it takes a week to hit my account - in the UK you call em with your bank debit card and it's on your account in real time - free

Come on U.S. and catch up or London will take over from New York as the world financial centre (center)
  • #7,067
  • Mar 27, 2008 5:45pm Mar 27, 2008 5:45pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting allserene
american banking system is dire - I call my bank in the isle of man and move money around the world with a 30 second phone conversation - then I go to town in Florida and have a one hour session with my american bank to wire money to the UK.
I get lots of forms and legal get-outs so they can send it to nigeria and it's my fault and they can charge me to hire mercenaries to go get it back....

In the uk I can wire money to any persons bank account in 3 days free - online - do it yourself - easy
(Bankers automated clearing services).

That cannot be done in the U.S. yet - I have had to re-learn how to write cheques (checks) - havent done one for decades in the UK

and when I top up with oanda I have to mail a check to new york in a nice envelope with a stamp and it takes a week to hit my account - in the UK you call em with your bank debit card and it's on your account in real time - free

Come on U.S. and catch up or London will take over from New York as the world financial centre (center)
you mean regain the title, next you'll be looking for oil to be priced in pounds - it would be nice, but unfortunately it's all favouring the Euro. can you imagine - France new centre of financial world
  • #7,068
  • Mar 27, 2008 6:17pm Mar 27, 2008 6:17pm
Quoting MPP
can you imagine - France new centre of financial world
  • #7,069
  • Mar 27, 2008 7:15pm Mar 27, 2008 7:15pm
since today... it is already the tallest skyscraper of the world...

http://i161.photobucket.com/albums/t...olt41ou9-1.jpg

What do I want to say with this?
Do you remember when there was a time where the tallest buildings of the world were in the USA?
the current tallest skyscrapers are in :

United Arab Emirates
Taiwan
and Malaysia

That is a sign of weak USA... I know it can be a silly thing... but in the past... it has been as a sign of strong economy. Now things are starting to change in the world.
  • #7,070
  • Mar 27, 2008 8:17pm Mar 27, 2008 8:17pm
Quoting emda
since today... it is already the tallest skyscraper of the world...



What do I want to say with this?
Do you remember when there was a time where the tallest buildings of the world were in the USA?
the current tallest skyscrapers are in :

United Arab Emirates
Taiwan
and Malaysia

That is a sign of weak USA... I know it can be a silly thing... but in the past... it has been as a sign of strong economy. Now things are starting to change in the world.
Many bimbos around here say "it's not about the size, it's about the pleasure it provides"



Back tomora
  • #7,071
  • Mar 27, 2008 8:21pm Mar 27, 2008 8:21pm
Quoting emda
since today... it is already the tallest skyscraper of the world...

What do I want to say with this?
Do you remember when there was a time where the tallest buildings of the world were in the USA?
the current tallest skyscrapers are in :

United Arab Emirates
Taiwan
and Malaysia

That is a sign of weak USA... I know it can be a silly thing... but in the past... it has been as a sign of strong economy. Now things are starting to change in the world.
The bigger they are, the harder they fall. Isn't that what they said right before they tasted glass and steel of the WTC's in NYC?

Many years ago I went on a job interview on the 107th floor for the Port Authority of NY/NJ. Boy was I glad I never got the job although it would have been elsewhere in the complex. Now I trade from home - ground level, no make that sea level in Florida.

I think having the tallest building in the world can be Dubai or anyone else's prize. Who cares. Been there, done that for over a century.

Now about France becoming the world financial center. They need another 5 or 6 Kurviel's to steal some big money. Not just lose it. Come on Wall Street does a better job at stealing money than just losing it.
  • #7,072
  • Mar 27, 2008 8:26pm Mar 27, 2008 8:26pm
Another thing about skyscraper envy :.

The WTC's each floor was an acre across all the way to the top including the observation deck on one tower and restraurant (Windows on the World) on the other. No spikie spike for NYCity. As Joe Pesci would say "I got ya spike, right here".
  • #7,073
  • Edited 11:31pm Mar 27, 2008 11:29pm | Edited 11:31pm
Quoting emda
since today... it is already the tallest skyscraper of the world...

http://i161.photobucket.com/albums/t...olt41ou9-1.jpg

What do I want to say with this?
Do you remember when there was a time where the tallest buildings of the world were in the USA?
the current tallest skyscrapers are in :

United Arab Emirates
Taiwan
and Malaysia

That is a sign of weak USA... I know it can be a silly thing... but in the past... it has been as a sign of strong economy. Now things are starting to change in the world.

DAMM!!!!!!!!!!

HOLLA
  • #7,074
  • Edited 1:32am Mar 28, 2008 1:29am | Edited 1:32am
Quoting emda
since today... it is already the tallest skyscraper of the world...


What do I want to say with this?
Do you remember when there was a time where the tallest buildings of the world were in the USA?
the current tallest skyscrapers are in :

United Arab Emirates
Taiwan
and Malaysia

That is a sign of weak USA... I know it can be a silly thing... but in the past... it has been as a sign of strong economy. Now things are starting to change in the world.
Let's no forget that Dubai / UAE is not a democratic / free society. Beware of investing any money into the UAE. Things are not what they seem.

Dubai was built and currently being built upon the backs on slave labor. I know of countless workers who were not paid for months at a time for services rendered. When they asked to be paid, they were thrown in jail and deported from the country. That is the real Dubai.

The taller they build them, the harder they will fall.
Humble Lifetime Member
  • #7,075
  • Mar 28, 2008 2:02am Mar 28, 2008 2:02am
Quoting Ash
Let's no forget that Dubai / UAE is not a democratic / free society. Beware of investing any money into the UAE. Things are not what they seem.

Dubai was built and currently being built upon the backs on slave labor. I know of countless workers who were not paid for months at a time for services rendered. When they asked to be paid, they were thrown in jail and deported from the country. That is the real Dubai.

The taller they build them, the harder they will fall.
I Objjjjjjjjjjjjjjjject

it's not my country, but my origin from Egypt, so I have Arabian blood here

just note:
UAE economy fully controlled by foreign investments
or what I mean is your money is save in UAE if you're a foreign more than the citizen LOL

and what you call not democratic society is the most democratic society in this region LOL
and may be the Indian workers have problem there but it's not a big problem as the media shown

I agree with you in one thing: the tall buildings didnt describe or show anything
just to know:all of them are built by foreign companies too LLOL
  • #7,076
  • Edited 2:30am Mar 28, 2008 2:29am | Edited 2:30am
Quoting benssol
I Objjjjjjjjjjjjjjjject

it's not my country, but my origin from Egypt, so I have Arabian blood here

just note:
UAE economy fully controlled by foreign investments
or what I mean is your money is save in UAE if you're a foreign more than the citizen LOL

and what you call not democratic society is the most democratic society in this region LOL
and may be the Indian workers have problem there but it's not a big problem as the media shown

I agree with you in one thing: the tall buildings didnt describe or show anything
just to know:all of them are built by foreign companies too LLOL
I am sorry but I object. Having worked for the Government and been on assignment overseas over the years, I can tell you it is not what it seems. The UAE touts to be a free and open society when in reality it is not. I would never put my money in that country.

When a nation puts restrictions on the press, how can it be a free and open society?

When a nation treats it foreign workers as sub-human beings, that nation is bound to be doomed.

Even you have mentioned "Indian Workers" when in fact there are workers from all over Asia (Philippines, India, Bangladesh, Pakistan, Indonesia, etc) that have the same problem of not getting paid. When you do complain, you get thrown in jail and deported from the country. I have seen it happen many times over and over again.

What you see on T.V. is what the government wants you to see.

Yes, the tallest buildings are built by foreign companies. There is no doubt about that.

Yes, the UAE is the most democratic country in the region but far from a truly democratic nation. Even Iran is democratic. They get to elect their lunatics. lol

Now would I want to put my money into the UAE, when knowing that middle eastern governments can be overthrown in a heartbeat? Would I want to invest in a country that has no basic human rights / respect for their fellow human being? The answer is unfortunately no.

So, it is not an attack on you or any other trader from the middle east. All we are doing is discussing facts about middle eastern governments.
Humble Lifetime Member
  • #7,077
  • Mar 28, 2008 3:00am Mar 28, 2008 3:00am
Quoting emda

What do I want to say with this?
Do you remember when there was a time where the tallest buildings of the world were in the USA?
the current tallest skyscrapers are in :

United Arab Emirates
Taiwan
and Malaysia

That is a sign of weak USA... I know it can be a silly thing... but in the past... it has been as a sign of strong economy. Now things are starting to change in the world.
I have to disagree, they are only now building those skyscrapers.(trying to make up for other short comings) NY has had them for over 100 years and as far as the "super let's touch the sky buildings", the U.S has figured out its not healthy to for humans to go up and down that far in elevation every day, I had a family friend that worked in one of the top floors of Sears Tower in Chicago and had to quite due to constant headaches and dehydration. These sky scrapers are not "pressurized" like airplanes are so you feel the effects of the constant altitude change. Size does matter but even Pamela Anderson will turn down an anaconda if it's too big. What I am trying to say is the U.S is already "well established" and we don't need anything bigger.
Just Trade It
  • #7,078
  • Mar 28, 2008 3:11am Mar 28, 2008 3:11am
Quoting Ash

Dubai was built and currently being built upon the backs on slave labor..
So was every industrialized country.

As far as Dubai is concerned its a castle made of sand, figuratively and literally. Don't these people know that the tectonic plates are constantly moving? And they want to build a city on land that has no solid foundation?
That super sky scraper won't last 100 years.

Castles made of sand fall in the sea, eventually
Just Trade It
  • #7,079
  • Mar 28, 2008 3:30am Mar 28, 2008 3:30am
Quoting Ash
I am sorry but I object. Having worked for the Government and been on assignment overseas over the years, I can tell you it is not what it seems. The UAE touts to be a free and open society when in reality it is not. I would never put my money in that country.

When a nation puts restrictions on the press, how can it be a free and open society?

When a nation treats it foreign workers as sub-human beings, that nation is bound to be doomed.

Even you have mentioned "Indian Workers" when in fact there are workers from all over Asia (Philippines, India, Bangladesh, Pakistan, Indonesia, etc) that have the same problem of not getting paid. When you do complain, you get thrown in jail and deported from the country. I have seen it happen many times over and over again.

What you see on T.V. is what the government wants you to see.

Yes, the tallest buildings are built by foreign companies. There is no doubt about that.

Yes, the UAE is the most democratic country in the region but far from a truly democratic nation. Even Iran is democratic. They get to elect their lunatics. lol

Now would I want to put my money into the UAE, when knowing that middle eastern governments can be overthrown in a heartbeat? Would I want to invest in a country that has no basic human rights / respect for their fellow human being? The answer is unfortunately no.

So, it is not an attack on you or any other trader from the middle east. All we are doing is discussing facts about middle eastern governments.
that's what I said
it's not the most democratic country but the most in this region
and about the safety of the money, believe me I invest in the Dubai & Abu Dhabi Financial markets from it's start and my money is save more than I invest in London stock exchange

and about the workers from all over Asia, if they are never paid so WHY they are going and will going every day to UAE??!!

Do you know the foreign workers are the bigger in number than all UAE citizens?? LOL

if the UAE has 6M population then only 2 of them are citizens

and believe me there is no nation near from the truly democratic rules

again it's not my country, but the truth must be said
  • #7,080
  • Mar 28, 2008 3:31am Mar 28, 2008 3:31am
The point is.. like ST said.. better to trade on GROUND LEVEL.. or if u want something better.. try SUB-GROUND Level.. like a bunker or some underground facilities
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