Spyfrat's Call

Euro Position




Cable Position

Labels: british pound, cable, euro usd daily chart, euro/gbp, euro/usd, gbp usd daily chart, gbp/usd

s&p nearing 950 target this May. Enjoy while it last. major correction coming this May as well, probably it will start 3rd week May til Aug. Bears will need it as they justify that the said rally was a bear sucker. Bulls are pretty well "funded" + side liners will join the buying spree thus adding more fund. This will be the LAST leg down for 2009. After August, bulls will win the battle. $1/chart, any chart. so cheap.caveat.

Labels: sp 500, stock market

Here is a wonderful question raised by Sridhar K, Owner at Learn From Sports Group in Linked In (www.linkedin.com)

http://www.linkedin.com/answers/financial-markets/equity-markets/MKT_EQU/471208-37949623

What is long term in the equity markets?

“Long term investment” is one of the very often used and very less understood term. Whenever someone speaks of long term, be it an investor or a fund manager, the only thing that comes to my mind is he has lost money as I feel ‘Long term is only when you are wrong in the short term’.

What is long term in your view.

My answer is no offense meant…longterm for me is like “etc”. Its a hard fact for every investors that the real meaning of long term is ‘Long term is only when you are wrong in the short term’. I’m a small investor thus maybe my thinking is not the same as the one who goes long term. But im in this business half my life so i have known and experienced my clients pain and gain. Long term is a no cut loss investment and involve justifying your mistake once your stock plummet by saying “im not worried, im in for the long haul”. How can we be sure that in 5 years time, our term investment can rake profits. We are no Warren Buffet whose pockets are way to deep to fathom. For most of us, we’re a one stock - buy investors. Meaning we buy one time and that’s it. Markets are dynamic and so complex nowadays. What is appealing in the 1930’s is not the same as today. Honestly, when i hold a seminar and somebody ask what is the best stock for the long term, i tell them humbly, “you pick one and i’ll say yes”. An analyst cannot go wrong in his calls, advising his clients what to buy for the long haul. and modesty aside, it’s the simplest question which even my 7-year old daughter can answer. NO offense meant.

Labels: equities, long term investment, stock market, what i slong term investment

Meg's top buyers



Time & Sales


Cross sales





This is one of the reason why most of my clients who have megaworld shares sold today. early trading we saw a barrage of buying done by foreign brokers. From the way they aggressively bought up the shares, program buying is their theme for today. Filipino traders have a festival on Meg’s occasion today. Unfortunately, this festivity where local traders are making a profit on foreign brokers’ buying and selling are about to end. The Philippine Stock Exchange are about to adapt a rule hiding a broker’s identity in buying and selling. Once implemented, local traders and investors can no longer “monitor” who’s buying and selling. This rule for me is anti-investor and protects only the big foreign houses. There will be massive front running and investors have no protection whatsoever, specially if they “put an open price order” to their brokers’ discretion. Anyway, that’s another story.

Back to Meg. Program buying have huge impact on the intraday activities of a stock price. A magnitude such as this will definitely buoy up the stock. Same is true to program selling. In timing the “ride”, I look for huge crosses to signal that the “program” is nearing completion or have rested. This is the same example i posted on PEPSI’s broker’s analysis and the relevance of crosses. In Meg, CLSA’s activity is definitely program buying. From near mid 0.70s on the way up to 0.80s. After which, made huge crosses at 0.82 and 0.84. For me that’s the signal that the program was done for the day, thus we sell. If it continues on the next day, buying back even at a price higher than our selling price is not a problem with us. We don’t buy price, we buy momentum and patterns and reasons. Same goes as why we sell.

Labels: broker's analysis, cross sale, megaworld, philippine stock market, pse, pse meg, stock market

My daughter is quite disappointed today. she found out while surfing the net and happened to see a shock of her life. I know she has a big big and really really big big crush on Adam Lambert. Anyway, she discovered that Adam Lambert is ..... GAY!!!!
My whole family is a HUGE fan of Adam as well. I mean that guy can sing to the top of his voice. We were shocked that he landed on the bottom 3 last week. Maybe the photos being exposed on the net is one factor why Adam landed on the bottom 3. Still, Adam, gay or not, man you rock. My daughter lost her interest in your pretty face though. Can't blame her. Oh well, Rock on man, Rock On!!!!

photo credits by buddytv.com

Labels: adam lambert, adam lambert is gay, adam lambert scandal, american idol

that's my prediction few hours from now.

Labels: hitman, manny pacquiao, pacman, pacquiao vs hatton, pacquiao wins