Posts Tagged ‘stock market’

Letter of Approval vs License

Malaysiakini report: Current Deputy Finance Minister Donald Lim Siang Chai answer the question by saying that the department had issued a letter of approval with condition to Ascot Sport allowing the latter to operate the football betting business. Is the big boss, Tan Sri Vincent Tan Chee Yioun that interpreted wrongly about the letter.

So, issuance of a Letter is not the same as a License. (full stop). It’s up to you yourself on how you want to interpret it. 

The government has done nothing wrong. Not even need to explain why letting the news to spread for almost a month since they know it is something not right. Are they knowing what they are doing? It is cheating people. If a government can take so lightly what they made public, what can we trust? How can investors/business persons be confident with the country?

Logically Speaking…

I have to admit that this is kinda biased opinion. But you think about it logically.

According to a report in SinChew (http://bit.ly/6ocJIk), Pemuda UMNO urging the government to channel the money saved from reduction of sugar subsidy, which theoretically amounting to 260 Mil,  to help low income group.

1. Logically speaking, if the government were to have the money, why at the first place we reduce allocation for school admin cost? Why we canceled/reduced allocation for student meals? (Refer to my post at: Example of Tougher Life.. Version 2010)

2. Logically speaking, this kind of voice just show that what quality our political party is. They shout for the sake of shouting. Sometimes opinion can came from no where but from the buttock. We don’t need a brain to think nowadays.

General Expression of the Cycle of Market Emotion

In general, ordinary people react to market condition with the emotion like below without fail:

And this is how the smart players make their fortune out of the market. Smart players understand the market sentiment and what to do is make use of it to attract hot money that have the feel to earn fast money and when they come, quickly pour some cold water to cool the market down and chase away the dumb followers, leaving profit with them. Of course, this is just general expression, and general explanation. The market is much more complex and hard to master because there are millions of dumb followers, and many smart players as well.

The rule of thumb is, still, when you see the auntie in wet market start to talk about stock, it means market has more or less reach the tip and smart players is preparing to cool the market down. Therefore, your reaction should be, start to release what ever you have in hand and realize the profit. Wait for the next round of accumulation.