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Business, Finance & Economics in Thailand All about money and finances in Thailand and Asia; interest rates, stock market & commodities investing, banking and buying shares.

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Old 15-07-2008, 03:35 AM   #101 (permalink)
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^ Both POT and MOS make fertilizer as their core business. POT is the biggest producer of nitrogen, phosphate and potash products and MOS is similar in its operations.
Dunno, costs rising? Anyway, will look into both companies on the long weekend. Too busy in the meantime. Better luck tommorrow Spin!
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Old 15-07-2008, 04:06 AM   #102 (permalink)
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Better luck tommorrow Spin!
On the contrary Andrew, very happy with the start to the week. Unrealised profit today of 2800$

Total gain now over 13,500$
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Old 15-07-2008, 06:16 AM   #103 (permalink)
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[quote=Spin;690575]
Quote:
Originally Posted by Spin
There is a correlation between strong oil prices and fertilizer prices, not sure exactly why but there definatley is.....
Interesting theory.

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...I just saw that Securities Exchange Commission are stepping up efforts to take action against rumour spreaders or starters.
Impossible.
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Old 15-07-2008, 07:20 PM   #104 (permalink)
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Been watching Goldman Sachs for a while and its starting to look like a winning trade, I'm gonna take 50 for the TD portfolio if it dips to about 150$.
mmmm Things could get ugly as sin today, loads of data coming out, producer prices index, empire state manufacturing figures, retail sales numbers.

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Old 15-07-2008, 10:17 PM   #105 (permalink)
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oooooh shit! We're getting murdered today, yesterday we ate steak. today is khao neow moo bping
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Old 15-07-2008, 11:29 PM   #106 (permalink)
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Quote:
Originally Posted by Spin
There is a correlation between strong oil prices and fertilizer prices, not sure exactly why but there definatley is.....
Heres a good example of the above, the live intraday charts below are for POT (left) CRUDE OIL (middle) and Dow Jones Index (on right)



Look at 11am, oil fell off a cliff from 143 down to 137 and bounced up to 139$
At the exact same time the Dow Jones Index rallied strongly 100 points.
POT and MOS (not shown) did not follow this rally and both fell sharply sympathetic to oils fall.
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Old 16-07-2008, 12:50 AM   #107 (permalink)
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Originally Posted by Spin View Post
I just saw that Securities Exchange Commission are stepping up efforts to take action against rumour spreaders or starters.
Impossible.
I'm not so sure, been listening to the live broadcast from Senate Banking Committee in Washington. Someone just spoke about a trader that was caught sending false rumours using instant messaging software, so i googled and found the full story and its very interesting reading: Here
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Old 16-07-2008, 01:23 AM   #108 (permalink)
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The problem when focusing exclusively on short term swings or news exclusively to make a trade decision, is that it doesn't hold on the long run, and eventually lead to more chaotic trades, following the mood and emotional swings of the market,

not constructive in my opinion,

question to Spin: what was your best performance on a single stock on a single trade ? and what is the longest time you held a stock ?
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Old 16-07-2008, 01:59 AM   #109 (permalink)
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^ That would be either FCX or POT possibly held for 3 months maybe 5K$ per trade.
I've only been doing this stocks thing for 18 months and lets face it, I didnt choose a good time to be learning did I?
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Old 16-07-2008, 02:30 AM   #110 (permalink)
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^ what are you talking about ? this is the best time to learn, in a bull market, everybody is a winner, not so in a bear market

5,000 on a trade ? how much was invested for each of those trades ?

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I've only been doing this stocks thing for 18 months
And what motivated you to do this now ? and not before ?
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Old 16-07-2008, 04:28 AM   #111 (permalink)
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this is the best time to learn
Baptism of fire is the best description I reckon.
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how much was invested for each of those trades
For fcx I was holding 300 shares buy price was about 70$ per share so about 21K$. Similar story for trading POT.
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And what motivated you to do this now ? and not before ?
I came to Thailand with the idea to start a business, having taken a look around I decided against it due to the unlevel playing field. I liked the idea of finding a profession I could do from anywhere in the world. This is what i came up with.
I didnt do this is the Uk becuase I never had the capital, back there it was tied up in property, cars and other shit that I didnt really need to have

So heres the numbers for the day, the financials spooked the market and then Uncle Ben blurted out some more damning news on the state of the US economy and the sell off huge. Tomorrows another day, as they say.... 3500$ wiped off the TD portfolio today.
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Old 17-07-2008, 04:19 AM   #112 (permalink)
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The financials rallied nicely today, didnt take commodoties with them so the TD portfolio didnt do much of anything today. We finished 540$ down.
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Old 17-07-2008, 05:50 AM   #113 (permalink)
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I find this thread very interesting Spin, even though I know nothing about stocks and shares. Keep up the information
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Old 17-07-2008, 06:47 PM   #114 (permalink)
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Quote:
Originally Posted by Spin
Been watching Goldman Sachs for a while and its starting to look like a winning trade, I'm gonna take 50 for the TD portfolio if it dips to about 150$.
Goldmans Sachs stock didnt dip to 150 but did go to 152.50$, right now its 174.50$. I didnt buy any........A fishermans tale....the one that got away

Update, Goldman Sachs rallied today to 184$

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Old 18-07-2008, 05:03 AM   #115 (permalink)
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Ok another down day for oil and its options expiration tomorrow, this creates price volatility and a rather large sell off in our fertilizer stocks and they put in what will hopefully be a last "bottom" before they move on up. Almost given all the gains back, we're now only 4700$ to the good.
On down days like this its best to sit tight, dont panic. I didnt sell any of the real life trades I have today. I believe in these companies and I believe there are much better days ahead.



To give you a visual idea of where we are with these fertilizer companies the chart below might help. You can see that we have fallen back from the recent high of 160$ We bought our 200 shares on the 3rd july for 126$ each. The stock price is now bouncing around in a "consolodation period" before it starts climbing again. You can see that history is repeating itself every couple of months. This company is growing rapidly, this one of the biggest companies who supply fertilizer where the supply is limited, as a result they are increasing prices and thus increasing profits. Thats why the chart continues to rise.



The red paint that I have professionally and skillfully added to the chart is what I am expecting to happen. If it doesn't do that then DD doesnt get any imaginary cash to go imaginary boozing with
Im pretty confident it will though, this company is a monster, as is POT, whose chart should be doing the same kind of rise. 180$ seems to be the price that me and many other bloggers are anticipating for this next leg up.
Disclaimer: All predictions above go down the toilet if any of the following happens.
War in Iran.
Oil prices fall drastically below 130$ per barrel
The wider market crashes.

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Old 18-07-2008, 07:33 AM   #116 (permalink)
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Oil prices fall drastically below 130$ per barrel

The wider market crashes.
Oil is dropping off because of the effects of a slowdown in the world economy - and everyone is rushing back into the stockmarket

not sure what part of slowdown indicates a bright future for company earnings

have you ever read the book " A Mathematician plays the Stockmarket "

it is an interesting read with him detailing how to calculate many of the indicies for a company compared to their share price , but as he notes during his story - all the mathematical analysis can not hope to understand the emotional way so many people interact with the stock market.

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Old 18-07-2008, 09:45 AM   #117 (permalink)
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The Royal Bank of Scotland (RBS), one of the largest financial institutions in the European Union, has warned its clients that "a very nasty period is soon to be upon us - be prepared". RBS expects the S&P-500 index of US stocks, one of the broadest stock indices in Wall Street used by hedge funds, banks and pension funds, could lose almost 23% by September as, in the bank's phrase, "all the chickens come home to roost" from the excesses of the US-led securitization revolution that took hold after the dot.com bubble burst and then Fed chairman Alan Greenspan lowered US interest rates to levels not sustained since the 1930's Great Depression.
I wouldn't be choosing now as the time to be dabbling in the stockmarket
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Old 18-07-2008, 09:23 PM   #118 (permalink)
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^ couldnt agree more, thats why I'm enjoying playing with monopoly money on here.

Thanks for that link, will have a read over the weekend.
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Old 19-07-2008, 09:33 AM   #119 (permalink)
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Hey Spin, any chance of an update?
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Old 19-07-2008, 04:18 PM   #120 (permalink)