Game Over?

Markets are always hard to predict, I finally lost my patient and no longer maintain my bullish outlook on 2008 1st quarter. Market volumes are thin, confidence aren't there, euro's bank will start announcing their reports and ubs already writed down 14 billion, it looks like 'cai shen' (god of fortune in chinese) won't be coming to the share market this cny.

I have started selling my shares since Tuesday and incurred some losses. Keladi is the only position I am holding now and it's trading below my cost at the moment. My cash vs share ratio returned to 9 : 1 instead of 1 : 9.

I am going play safe for the moment, protecting my capital is the priority.

P/S : Old chinese saying '留的青山在，那怕没柴烧'

Villian or Hero?

Extraordinary man does extraordinary thing. Whether it's good or bad, Suharto's actions during his regime were truly remarkable. Personally, I have no love for this man , but sometime I do ask myself, what would I do if i were in his shoe? Even though he evaded judgment from the Indonesian court, I do believe there are greater force out there and he will be judged eventually.

Anyway, I am not sure if you deserved it, but,

R.I.P Suharto...

What a start for 2008...

January is quite an eventful month for the financial sector. We have 1500+ KLSE, poor quarter result from Citi, Merrill, Morgan Stanley and etc, stimulus plan from bush (fighting recession instead of terror! haha), fed surprise 75bp rate cut and of course, the biggest scandal in financial history.

A rogue trader named Jerome Kiervel used his position, plus a knowledge of the bank's security system, to construct 'a scheme of elaborate fictitious transactions' on European equity markets. The fraud had caused €4.9 billion loss and adding more salt to the wound, the bank post additional 2 billion write-down because of the exposure to the U.S subprime mortgage crisis. The second largest France's bank suffered total loss of €6.9 billion euro and they are now trying to raise €5.5 billion in new capital to restore their balance sheet. Unlike what Nick Leeson did to Barings in 1995, Jerome did not bring down the company this time.

I have been wondering, how could such a so called 'ordinary' employee does this kind of stunt without the help of anyone else inside? €4.9 billion is a big figures, I could be billionaire if i owned 20% of the losses ^.^

Housewarming....

It was my brother's housewarming (not me!) ritual and a casual lunch gathering with some of his colleagues and a few of our relatives. Since my brother is the quiet type of person, he didn't throw a usual housewarming party. Anyway, these are some of the photo taken.

We hired the sifu from one of the local temple and he was chanting and performing the ritual.


My brother was told to throw some rice, sugar candy into the stove and later cross over it. ( not sure what's the meaning of it )

and then he was to throw some coins and tangerines into the house. (so that money will flow into the house!)

after that he had to carry the stove which already burning with charcoal all the way into the kitchen. ( it represents he moves into the house officially, 入火?!? )

later on we were told to pick up coins and tangerines he threw in earlier, but of course, this part is my mother and her sister favorite ! (collect tangerines = 拾金！）

and finally the sifu did some more ritual at the back of the house and then he put a symbol with incantation on top of the front door. Rituals are over!

my brother's colleagues and my aunt having lunch.

the guys are enjoying my brother new home theater system while waiting for the ladies to finish the lunch.

That's about it and congratulation to my brother , gong xi gong xi...

Monday...zzz....

I am pretty bored at work at the moment....gonna share a joke with u guys, I think alot of people must have read it before , but anyway, I hope you guys enjoy it and brighten your day a bit if you are bored like me :)

Phua Chu Kang ( PCK ) explaining sex to Chu Beng’s son....

Chu Beng's son : Why is making love so enjoyable ?

PCK : Aiyah, ah boy, enjolable becaws, same like when you dig your nose with your finger mah !

Chu Beng's son : Do you think women enjoy sex more than men ?

PCK : Of course woman lah ! When you dig your nose, your nose feel better than your finger, right ?

Chu Beng's son : Why do women hate it when they get raped ?

PCK : Ai-yah ! Say, you walk along the load, den someone come over and dig your nose, you like or not ? Ehhh ? Don’t pray pray ah !

Chu Beng's son : Why is it a woman cannot have sex when she is having her menses?

PCK : Oy !! If your nose bleeding, you still go and dig meh?? Siow ah ! Use your blain, use your blainnn ………..

Chu Beng's son : Why is it most men don’t like wearing condoms when they are making love ?

PCK : Ehhhh, when you dig your nose ah, you like to dig with a glove on your finger or not ? Not the same shiok feeling mah. Corlight or not?

Chu Beng's son : Why is making love carried out in private ?

PCK : Ah boyyyyy, use your blain, use your blainnnnn ………………………… you go and dig your nose in flont of your whole class izit ?? Stupid lah!!

Chu Beng's son : Wah …… Uncle Chu Kang, you are very good.

PCK : Aiyah ……. ,” Best in Singapore, JB, some say Batam, and now, the whole world!” also ah!!!

Cloverfield ... ...

Just watched Cloverfield with a couple of friends...all I have to say is, it's really disappointing(to me) and totally different from what I expected...

P/S : If you are expecting a good fight between the monster and human, you will be disappointed :)

Wow....nice...

The new Macbook Air looks very very nice. However features wise, it is really not that great compare with the laptops that you can get with the same amount of money (the one with ssd hard drive are even more expansive -_- )

But...who cares about functionality ! It's the style that matters!! :)

P/S. I wish they could at least put in an optical drive

I just want to know the ending!!

aiyaya....this lingam's tape drama is dragging so damn long.....

when it comes to tvb drama, I usually just watch the first few episode and then started fast forwarding it all the way to the finale. that's because I am impatient and sometime I think it's waste of time too since the plot are always the same -_-


and here I wish I could fast forward this lingam case and get to the ending as well :p

Just get uglier....

Well well well....seem like d-day is coming soon. Citi has suffered its first ever quarterly loss since the merger at 1998, plus more result coming out which fall under expectation (intel, jp blah blah)...and so it looks like another fed cut will be likely...

However, does rate cut really gonna solve the problem US is facing now? It just seem to me uncle ben is trying to delay the inevitable :) Once he is out of bullet(rate cut) and the china bubble burst, South is the direction where we all heading to ^.^

Anyway, back to KLSE, correction is unavoidable. 1st quarter should be ok but after that....dont play play! :)

Year 2008 !!

Hi all,

Happy New Year 2008 and welcome to Calvin's blog !

I finally decided to start blogging and I will be sharing my life journey here with all of you !
Thanks for visiting~

-calvin