The Turtle Experiment

By the early 1980s, Dennis was widely recognized in the trading world as an overwhelming success. He had turned an initial stake of less than $5,000 into more than $100 million. He and his partner, Eckhardt, had frequent discussions about their success. Dennis believed anyone could be taught to trade the futures markets, while Eckhardt countered that Dennis had a special gift that allowed him to profit from trading.

The experiment was set up by Dennis to finally settle this debate. Dennis would find a group of people to teach his rules to, and then have them trade with real money. Dennis believed so strongly in his ideas that he would actually give the traders his own money to trade. The training would last for two weeks and could be repeated over and over. He called his students "turtles" after recalling turtle farms he had visited in Singapore and deciding that he could grow traders as quickly and efficiently as farm-grown turtles.


Read more: http://www.investopedia.com/articles/trading/08/turtle-trading.asp#ixzz21jsnebYh

Don't blame the analyst call. He did not point a gun at you to buy. Do your own research and stick to your cut-loss.

WCT closed at RM2.50 today. Nice hammer :-)

Fandi, this machine has good sense of humor :-)

Anyway, machine translated text gives you 60-80% accuracy. Good enough for a quick and general read.

You can get a machine translation using
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Enter the URL of web page to translate

Good luck

Petroleum related stock will rise when oil price rise

(Reuters) - Crude futures held steady in early Asian trade on Thursday after hitting a seven-week peak as violence in Syria revived geopolitical fears and as the U.S. Federal Reserve downplayed risks of a double-dip recession.

U.S. crude rose 6 cents to $89.93 a barrel by 0011 GMT, after touching $90.08 earlier -- the highest since May 30. The August contract, which expires on Friday, settled up 65 cents at $89.87 in the previous session.

Brent crude gained 26 cents to $105.42 a barrel, close to a seven-week top hit on Wednesday

Oil price moving up...

(Reuters) - Crude futures held steady in early Asian trade on Thursday after hitting a seven-week peak as violence in Syria revived geopolitical fears and as the U.S. Federal Reserve downplayed risks of a double-dip recession.

U.S. crude rose 6 cents to $89.93 a barrel by 0011 GMT, after touching $90.08 earlier -- the highest since May 30. The August contract, which expires on Friday, settled up 65 cents at $89.87 in the previous session.

Brent crude gained 26 cents to $105.42 a barrel, close to a seven-week top hit on Wednesday.

MMC trading range RM2.50- RM2.85.

Current price RM2.53 is attractive to buy and hold for the up swing.

This counter will move up when the oil price goes up. This is an energy related stock.

KNM Group Berhad is principally an investment holding company while its subsidiary and associated companies are principally involved in integrated systems design and engineering, international procurement, manufacture of process equipments for the oil, gas and petrochemical industries, testing capabilities, site assembly, commissioning and maintenance.

Good long term investment

The early mover take a risk at lower price.

The late comer pay a premium at lower risk.

UEM has been trading in the range RM1.90-2.15 for sometime. About time to move up to next level RM2.15-2.40

EPF has been increasing their shareholding in the past 3 months

9/4/2012 - 5.21%
2/5/2012 - 5.44%
7/6/2012 - 5.79%
2/7/2012 - 5.92%

Kenanga has an OUTPERFORM rating (TP RM3.11) for MMC on the privation of 62.82% owned subsidiary, Aliran Ihsan Resources Bhd ('AIRB')

http://klse.i3investor.com/servlets/ptres/8800.jsp

Substantial shareholder EPF has increased stake in the last 3 months

2 Apr 2012 - 5.15%
2 May 2012 - 5.44%
7 Jun 2012 - 5.79%
2 Jul 2012 - 5.91%

Buy on dip. UEMLand on uptrend. Resistance at RM2.18. Support at RM2.08.

Stock moving uptrend slowly

Resistance at RM2.55. Support at RM2.43

Building up base at RM2.50.. good chance for more upside.

What's the catalyst for today's move? More contracts coming?

need to clear RM2.55 established on 25/6 for further upside.

WCT moving today.. cleared 2.50 at 9.24am

Positive for AirAsia. By 10.23am, AirAsia shares are trading +0.29 at RM3.62

watch for technical rebound

Time to buy

No bet cannot lose

Today closed at 1.99