another week another bore

Well start of a new week and all is the same as last week. By this I mean that we should see more of the indexes moving within a range and not a whole lot of anything more.

the Oracle

Dollar Index

For those that get the paid members only newsletter, you would have noticed that I have been talking about the correlation between the US Dollar Index and the SP500 Equity Index.

We have seen the dollar index trend line being broken in the last couple of days. As you can see from the attached chart the correlation has been right on the money when it comes to marking major turning points in the Equity Indexes over the last 18 months.

Could this be the start of a major correction in the Equity Indexes or is it setting up for another move long out of the Flag pattern that exists on the Indexes. Only time will tell....

Its broken the Level

Keep an eye on the US Dollar in the coming days. The inverse relationship between the DXY dollar Index and the Equity Markets have been uncanny of late.

Here's a chart on Cable (GBPUSD). As you can see , its a very clear heads and shoulders pattern and we have just had a break below the 1.6200 level on the downside for a flag pattern.

If we see a large scale move back towards the US Dollar it could see movements to the downside in Equity markets.

Overnight indexes

DOW down, FTSE down, CAC flat and same for the DAX

Today here looks to be one of sitting on our hands and waiting for tomorrow, unless of course your someone who likes to short. Then maybe get ready because I reckon its a down day ahead here

Cable

Keep a close eye on Cable (GBPUSD) in the Forex markets. Its been consolidating now for about a week and we should be starting to see a decent move out of this level.

The 1.6330 level has some serious resistance there and a decent break should see it move pretty nicely.

Keep an eye in the Equity markets for some of the financials. I think you should start to see some of the financials move once the capital raisings in Citibank and Wells Fargo are complete and the TARP money repaid.

The Oracle is now on Twitter as tradingoracle if you wanna tag along

the gorgon project (ala Wiki)

For those that don't know what the Gorgon project is. This is from Wikipedia

The Gorgon gas project is a proposed petroleum project in Western Australia, involving the development of the Greater Gorgon gas fields, subsea gas-gathering infrastructure, and a liquefied natural gas (LNG) plant on Barrow Island. It will become Australia's third LNG export development.


'Greater Gorgon' refers to a grouping of several gas fields, including Gorgon, Chandon, Geryon, Orthrus, Maenad, Eurytion, Urania, Chrysaor, Dionysus, Jansz/Io, and West Tryal Rocks, situated in the Barrow sub-basin of the Carnarvon Basin) - an area commonly referred to as the North West Shelf. The Gorgon field is centered about 130 kilometres (81 mi) off the north-west coast of Western Australia, where the water depth is approximately 200 metres (660 ft). Other fields in the group lie to the north, such as Jansz-Io, which covers an area of 2,000 square kilometres (770 sq mi), in a water depth of 1,300 metres (4,300 ft).

Barrow Island lies off the Pilbara coast, 85 kilometres (53 mi) north-north-east of Onslow and 140 kilometres (90 mi) west of Karratha. The largest of a group of islands which include the Montebello and Lowendal Islands, it is 25 kilometres (16 mi) long and 10 kilometres (6.2 mi) wide, covering 235 square kilometres (91 sq mi).

The gas fields, 200 km from the coast are said to contain 40 trillion cubic feet of natural gas and may have a lifespan of 60 years. The gas is worth A$500 billion at current market prices and the market price will keep increasing over the next few years.

courtesy of bloomberg - Chevron finds more gas off of Gorgon project

told you the miners and oilers had too much to lose if we have to go ultra green. This in from bloomberg;

Chevron Corp., the second-largest U.S. energy producer, made a gas discovery off the coast of Western Australia that may help expand its A$43 billion ($39 billion) Gorgon liquefied natural gas project.


Chevron found gas at its Satyr-1 well in the Carnarvon Basin, following a discovery in the area in October, the San Ramon, California-based company said in a statement. Chevron said it’s investing “heavily” in Australian exploration.

“There has been a run of very good exploration success in the Carnarvon and Browse Basins” off the northwest coast, Graeme Bethune, a consultant at EnergyQuest in Adelaide, said by phone today. “I would expect discovery rates next year to be at least as good as this year.”

The Gorgon venture with partners Exxon Mobil Corp. and Royal Dutch Shell Plc is the largest of more than a dozen planned LNG projects in Australia seeking to tap Asian demand for less-polluting alternatives to coal. Gorgon, set to start exporting LNG in 2014 from three five-million-metric-tons-a-year processing units, may add a fourth and fifth train at the Barrow Island site, Chevron said in September.

Satyr, drilled to 4,560 meters, found 130 meters of so- called “net gas pay,” the U.S. oil producer said in its statement. Chevron said in October it discovered gas at its Achilles-1 well, about 160 kilometers (100 miles) northwest of Onslow, and was spending “hundreds of millions of dollars” on Australian exploration.

Chevron said Dec. 10 that it plans 2010 spending of $17.3 billion on exploration, production and natural gas projects, including the Gorgon and Wheatstone ventures in Australia.

Gorgon and Wheatstone

"We are investing heavily in Australia on exploration, appraisal and seismic programs,” Roy Krzywosinski, Chevron Australia’s managing director, said in a statement today. The drilling will underpin Gorgon and Wheatstone, he said.

The Satyr-1 well is in a permit area operated by Chevron. Shell and Exxon also have interests, it said. Gas for Gorgon will be piped to Barrow Island for processing into liquid form from fields 130 to 200 kilometers (81 to 124 miles) off the coast, according to the project’s Web site.

Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer and Chevron’s rival in securing gas supplies in the state, has started a drilling campaign to find fuel to support an expansion of its A$13 billion Pluto LNG project in Western Australia.

Chevron Corp., the second-largest U.S. energy producer, made a gas discovery off the coast of Western Australia that may help expand its A$43 billion ($39 billion) Gorgon liquefied natural gas project.


Chevron found gas at its Satyr-1 well in the Carnarvon Basin, following a discovery in the area in October, the San Ramon, California-based company said in a statement. Chevron said it’s investing “heavily” in Australian exploration.

“There has been a run of very good exploration success in the Carnarvon and Browse Basins” off the northwest coast, Graeme Bethune, a consultant at EnergyQuest in Adelaide, said by phone today. “I would expect discovery rates next year to be at least as good as this year.”

The Gorgon venture with partners Exxon Mobil Corp. and Royal Dutch Shell Plc is the largest of more than a dozen planned LNG projects in Australia seeking to tap Asian demand for less-polluting alternatives to coal. Gorgon, set to start exporting LNG in 2014 from three five-million-metric-tons-a-year processing units, may add a fourth and fifth train at the Barrow Island site, Chevron said in September.

Satyr, drilled to 4,560 meters, found 130 meters of so- called “net gas pay,” the U.S. oil producer said in its statement. Chevron said in October it discovered gas at its Achilles-1 well, about 160 kilometers (100 miles) northwest of Onslow, and was spending “hundreds of millions of dollars” on Australian exploration.

Chevron said Dec. 10 that it plans 2010 spending of $17.3 billion on exploration, production and natural gas projects, including the Gorgon and Wheatstone ventures in Australia.

Gorgon and Wheatstone

“We are investing heavily in Australia on exploration, appraisal and seismic programs,” Roy Krzywosinski, Chevron Australia’s managing director, said in a statement today. The drilling will underpin Gorgon and Wheatstone, he said.

The Satyr-1 well is in a permit area operated by Chevron. Shell and Exxon also have interests, it said. Gas for Gorgon will be piped to Barrow Island for processing into liquid form from fields 130 to 200 kilometers (81 to 124 miles) off the coast, according to the project’s Web site.

Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer and Chevron’s rival in securing gas supplies in the state, has started a drilling campaign to find fuel to support an expansion of its A$13 billion Pluto LNG project in Western Australia.

Well looks like Copenhagen is going to be a very costly waste of time with the African Nations walking out on the pretext that the wealthy nations didn't want to play fair. Well blow me down with a feather, did the Africans really think that the others would. I'm sorry but the big multinational oilers and miners have got way too much to lose and way too much clout to let that happen. So from a markets point of view it is just another day like any other. Watch this space though because whether we like it or not something does have to happen, it isn't going to happen this time but it will happen. Yea I know you've heard that before. So watch the indexes and particularly gold because it is falling against the US dollar and that same dollar is the one that has the most to lose when the climate debate starts to go onto the boil.

The Oracle

Congress blasts Bernanke

Now you all know the Oracle is a bit of a conspiracy theorist, and you also know that I love The Daily Reckoning blog and newsletter. So I couldn't miss out on sharing this little snippet with you could I?

From The Daily Reckoning a bit of light reading....

"You are the definition of a moral hazard. Your Fed has become the creature from Jekyll Island"



That was Senator Jim Bunning's comment to Ben Bernanke during the hearing into Bernanke's renomination to the US Federal Reserve.


Who would have thought there are members of Congress willing to say it as it is to Ben Bernanke?


But I'm sure you've read about it in The Age or the Australian Financial Review?


No, unfortunately not.


Because the mainstream press wouldn't want people thinking bad things about the Fed Reserve. They are here to save us. They are the cavalry riding over the hilltops to our rescue.


The myth of the purity of the Federal Reserve's motives is jealously guarded by the mainstream press. Any dissenting voices are quickly dismissed as cranks and extremists.


Currently Senator Ron Paul (One of the rare politicians in America with a brain and a conscience) has been trying to get a bill passed that would audit the Fed and attempt to find out exactly what it is holding on its balance sheet.


In fact he has been trying for 30 years, but finally after the shenanigans of the Fed over the past year, the other members of Congress have finally woken up and agree that something needs to be done.


Of course this is being resisted by Bernanke. He says if Congress interferes in the business of the Fed Reserve it will jeopardise their independence on monetary policy.


That one line is usually enough to shut people up so the Fed can return to their game of printing money and bailing out their banking masters.


It still amazes me how most people have no idea about what money is or how it's created. They assume it's too complex to understand and therefore they believe what they're told.


So much so that you can watch a video here of people in America signing a petition that asks the Fed to deliberately raise the inflation rate to 100% for the next 5 years to cause hyperinflation!


This is the level of ignorance we're dealing with. Every word that Ben Bernanke speaks is believed and reported as gospel. But it's not surprising the population has that attitude when they rely so much on the mainstream press.


I was astonished last week to see that CNBC hosted their 'Squawk Box' show direct from the Cash Room of the US Treasury. So much for an independent media.


Was that CNBCs reward for toeing the line on the merit of the bail outs and the actions of the Fed?


No dissenting views are allowed. If there are moments such as the tirade from Senator Jim Bunning on Bernanke last week, then it is underreported. Or at the very least reported in a way that makes Senator Bunning look like an extremist with the wrong point of view.


All of this while markets around the world move to the beat of the Fed's drum.


The carry trade is in full swing and the Fed is more than happy to feed it.


There is no doubt that the historic move in markets this year can be put down to the free money being doled out by the Fed to its banking buddies.


I've watched markets for sixteen years and I've rarely seen such a sustained explosive rally as that of the last nine months.


Trust me, this is not the behaviour of a free market.


This is a market being managed by unseen hands. Think about this - Hong Kong property prices are up 30% this year, with those in the luxury sector up by about 40% according to Marketwatch.


In my view this is the result of a flood of US Dollars looking for a home.


The Chinese banks were forced to lend out more than 9 Trillion yuan ($1.5 Trillion) last year, an amount equal to 27% of the country's GDP! China Securities Journal has predicted that new bank lending may fall as much as 30% in 2010 to around 6-7 Trillion yuan.


What affect will that have on Chinese demand?


They've already caused a bubble in property development and there are shopping centres sitting empty with no tenants and no customers.


What trick can they pull out of their sleeves this year to create some phantom demand?

For those with a head for this sort of stuff, and remember when it comes to trading you want to ensure you have all the news and not just the news they want you to have...

http://www.dailyreckoning.com.au/

Who would have believed it Commbank raising rates by 37 basis points. Fence sitters!!!!



Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omissi
on that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Well sometimes you just have to look at yesterday to know what is going to happen today. Big up day yesterday people taking the money off of the table today. Seems to be the flavour of the year doesn't it. for every Bull there is a equal and opposite Bear to pull us back. I can't wait for one or the other to take control of all of this, so we can get it over and done with and get on with making money.

the Oracle

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Well been a while since our last post, we have been incredibly busy with the business of running the business. But enough of me giving excuses, as to why or why not...

We are very, very interested in this 'greening' of Aussie thing that our gov't and Malcolm the magnificent is diving us headlong into at this time. Not because of the fact I do or do not agree, but because it will impact every one of us at some level or other. In our case as a markets business we have office space and all the energy gobbling bits-n-pieces that go along with that.

So what says you, well says me, carbon footprints costs money, and in our game that means the opportunity to trade carbon credit futures and maybe offset our onging costs, and who knows maybe make money out of this fiasco (oops sorry did I say fiasco).

As far as our clients go, when we get this 'thing' sorted in our heads it will be something we offer to those that run small to medium sized businesses as a benefit of belonging. After all we are in the business of money and we should not hide the opportunity from those that can benefit.

The Oracle (back from the temple of learning)

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Mac Bank on the lookout again????????

This is on the Bloomberg site under German news. seems to be interesting

EnBW Said to Seek Bids Up to $1.4 Billion on East German Assets

EnBW Energie Baden-Wuerttemberg AG, Germany’s third-largest power supplier, is seeking to raise as much as 950 million euros ($1.4 billion) in its biggest asset sale, three people familiar with the matter said.

GESO, an eastern German utility holding company for which EnBW is accepting bids until the beginning of next week, may fetch 700 million to 950 million euros, two of the people said, declining to be identified because details of the transaction are private. Australian bank Macquarie Group Ltd. may be among the bidders, they said.

http://www.bloomberg.com/apps/news?pid=20601100&sid=aJRQmBhg3d6Y

the Oracle

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

The view from the right of the field

Lets face it I might not be a full blown trus believer from the Right side of economics but I am a believer in Govt's haven't got a clue about how to run the books, because in this country they have to get themselves elected every four years so they spend their time pandering to the loudest minorities. Because of this or maybe it's because they tell a great story, I love the Daily Reckoning.

today it's about the markets and what is happening, and here a really do agree with the opinion, which goes like this.

The armies of zombie greenbacks did not begin their attack yesterday, as your editor predicted. At least they didn't do so in overwhelming fashion. But if you were looking (and we were), there were signs that the wind has shifted in the stock market and things are about to change.

The challenge of today's Daily Reckoning is to separate the short-term trends in financial markets from the long-term trends in geopolitical history. It's a big challenge. But let's break it down and see where we go. And let's begin with U.S. Bank Wells Fargo.

The Dow Jones slipped under 10,000 at the end of the day Wednesday largely because analyst Dick Bove changed his call on Wells Fargo from "neutral" to "sell." Bove said the quality of the company's third quarter earnings was, "pretty poor." "If you take a close look at the earnings, what you can see is that the improvement is due to a hedging profit made on the mortgage service portfolio, about $3.6 billion...You can also see that they cut their tax rate," he told Dow Jones news wires.

Imagine that; a major bank boosting earnings with one-off events. This is why we said last week that quarterly earnings (and whether they are above or below analyst expectations) don't always tell you what you need to know about a business. Granted, Bove is still bullish on Goldman, Morgan Stanley, and Bank of America. But his comment set off a small chain reaction on the Street.

It was a weird reaction too. Stocks fell and the Aussie dollar briefly faltered against the greenback. But commodities like oil and gold continued to power ahead. Oil is at a 12-month high and trading over US$81. Gold futures again traded above $1,060. And the U.S. dollar kept falling against commodities and other currencies.

So does this disprove our trading idea that the dollar index is due for a rally? Nope. The index could make a new low below 70. And that would certainly confirm what we already know: the rest of the world is on to America's habit of living way above its means. The dollar index could plumb a new low until there is an improvement in America's trade deficit or its fiscal deficit. However...

Don't discount the rally! "We should be prepared for a counter trend rally," wrote Slipstreamer Murray Dawes earlier this week. "RSI are entering long term oversold levels (although in a downtrend they can remain oversold for long periods of time of course and so are not a good trading signal against the trend) and market news is constantly bearish the US dollar so trader positions may be getting a bit full up on the short side."

source The Daily Reckoning (well worth the read)

have a great trading day

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Glowing Economy

I see Ian Macfarlane was giving a glowing review of the little Aussie battler economy yesterday at a Lowy Instiute lecture. He says we have come out of the GFC more robust than any other western style economy in the world. Thats wonderful but whats going to happen when we cant quite literally dig ourselves out of the poo. Maybe we need to start looking at restructuring our thinking a bit.

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Oils aint Oils Sol!!!!!

Good Morning Bloggers

I see we are playing the petrol game again in Sydney, the price of Singapore crude has risen this week and some of last. So what you say, well it allows the petrol companies to raise the bowser price doesn't it. How do these guys justify this stuff when the value of the Aussie Dollar is going through the roof. I don't think we will get to parity with the green back but we are getting damn close thats for sure. Ok rant time is over, what does all of this mean to us traders, well resources is about the only game in town at the moment with oilers (little ones) having to be a good bet. Also Uranium seems to be shining (bad pun I know) again, with the Chinese wanting nother slice of our continent to take home with them. Our wesfarmers and Oil Search trades went well so it is time to start looking for a buy again.

Good trading Oracle

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Australian central bank Governor Glenn Stevens will raise interest rates for a second straight month in November, analysts say, after a report yesterday showed the nation’s unemployment rate may have peaked below 6 percent.

The jobless rate fell to 5.7 percent, the first drop in five months, as employment unexpectedly surged by 40,600, the bureau of statistics reported yesterday in Sydney. The nation’s currency jumped to a 14-month high and is headed for its biggest weekly gain in more than four months as traders bet the central bank will raise interest rates on Nov. 3.

I guess the writing is on the wall then for the stimulus packages and what they have done for our economy. COOKED it. Or should I say over stimulated, and we all know what happens then..

have a great weekend and good trading

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Yes, sold out of LGL for better than 5% profit over the three days.

HAPPY, HAPPY, JOY, JOY

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

NZ 1 Westpac 0 ?????

Westpac Banking Corporation Ltd shares have been placed in a trading halt, pending the release of a statement on the outcome of a tax-related court case in New Zealand.

According to the bank, the New Zealand High Court is set to deliver its verdict on Wednesday, however a binding order from the court means that no announcement will be made until October 8.

"The trading halt is necessary as Westpac will be making an announcement in relation to the outcome of the court case on New Zealand Structured Finance Transactions between Westpac and New Zealand Inland Revenue Department (IRD)," Westpac said on Wednesday.

Analysts have flagged that Westpac could face a potential bill of $NZ903 million ($A728.28 million), while The Australian Financial Review newspaper said a rise in the interest charge on the original claim has pushed the figure close to $NZ996 million.

The legal stoush between Westpac and the New Zealand tax authorities started on June 30.

One thing, Westpac should take heed of the fact the NZ IRS is notorious and there have been cases of people committing suicide because of the way they come after you, kind of makes our ATO look like little furry kittens in comparison.

good trading

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Another day and another 130 points on the DOW, plus 14 on the S&P500, you really have to wonder what that market is running on. Must be a good day here even though we had our little dose of reality yesterday. Watch those banks.

good trading

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

For the first time since March 2008, the Reserve Bank of Australia has raised the official cash rate to 3.25%. Reserve Bank Governor Glenn Stevens cited close to trend growth over the year ahead, on-target inflation and the risk of serious economic contraction in Australia having passed as reasons for the decision. Also mentioned was the unintended boost of the first home buyer’s grant and the rise of home prices in general as important factors in the Reserve Bank of Australia’s decision.

for more info on RBA decision go to

http://www.smh.com.au/business/rba-lifts-rates-20091006-gkv5.html

Good trading

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Well I would have got that one wrong. The RBA has moved rates up by 0.25% or 25 basis points this afternoon. as for the next 2 days it will be interesting how the rest of the world sees what is going on here. The RBA as always seen itself as independant and that is a good thing, or so they say. One one side we have the Gov't continuing with it's stimulus package trying to push the econhomy forward. And on the other side we have the RBA saying "better cool this off before she blows". Me I'm just tallying up the cost, coz there is no way the Banks won't take this opportunity to take a bite out of us mortgage owners.

good trading

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Ohh dear looks like those yanks finally wike up from hibernation. well it is spring isn't it, so it is time for the bears to wake up and come out to play again. 203 down on the DOW and more importantly 27 down on the S&P500. Get ready for our little exchange to get a case of the wagging dog and get set for a longer weekend than first thought. Set those stops and go get a good book out. cya

Trade Well

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Ok, more ranting again. In Aus we have started to get these adds on the radio where they tell us how well our super' is doing. They are saying things like what a great few months your super has risen over 15% over the last quarter. When will people figure out that they lost better than 40% over the downturn and that 15% is based on growth from what was left over. I know rant rant rant, but somebody has to say it.

Happy Trading

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Wow what a week so far, bought into AMP and ASX on the Aus stock exchange and they are both doing fantastically. Up on both trades. We still think that the market is going to roll over and the Oracle (namely me) thinks that maybe the Santa Clause rally could be a thing of the past this year. No St. Nick coz we've all been naughty boys and girls. As for the U.S. at the moment, I still can't believe they think that all is well and that the world has fixed itself, and that is the problem. They will figure it out eventually and then 'boom' the balloon will burst and down we go again. Then and only then I am prepared to say onward and upwards. don't want to seem like a doom and gloom guy, I just want to shake the last vestages of the rot out of the system.

Happy trading.

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Adam's Family...

Its creepy and its kooky , its really kind of ookey....

Jokes aside , strange things are happening with the markets at the moment. Everybody is talking about the equity markets moving higher and how bright and rosey the economy is moving , but Gold , the precious metal , that people have stored wealth in in times of trouble and uncertainty for hundreds of year continues to inch higher. A the time of writing its trading at $1,015 US a ounce.

Equity markets moving up and Gold moving up at the same time are not the norm. Normally when this happens , one of these are out of place. We have had a strong up trend since our Buy market alert back in March , the uptrend in Gold has only just started. This is telling us that we are about to get a change in the equity markets sometime soon , and the further this imbalance continues , the bigger the move will be...

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Check this out, found it on bloomberg today. Gottal love our Gov't selling us down the drain 2 generations out from now.

Chevron Corp. Exxon Mobil Corp. and Royal Dutch Shell Plc agreed to invest in the AUD$37 billion Gorgon natural gas venture only after Australia’s government assumed liability for potential damages hundreds of years from now. That may set a precedent in this resource rich nation.

What the hell do they think they are doing?????

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Telstra breaking up is something that was always going to be on the cards for the company. Having a look at it, is this good for Telstra shareholders? If we look at other large Telco’s globally that have gone through this sort of break up, the result is almost always cheaper costs for consumers , but the number of customers in total , and normally by a significant factor. In this case I don’t think that we will see that, regardless of what the media and the government say, we have pretty solid competition in mobile and long distance and comparable costs for other countries (i.e. UK and US) do not have a major amount of difference in pricing.

Telstra is a vertically integrated company, meaning that it does everything to do with Telecommunications in this country in one form or another. The government is proposing that Telstra be broken up and this can actually be of great benefit for both the company and the shareholders over the medium to long term. If they do break up the company then a couple of different things will have to happen.

The assets will have to be either sold, spun off or a combination of the two. If the assets are sold for Cash, then the company has do something with that Cash, they could either do a special dividend (high possibility considering the past record of special dividends), capital return (unlikely as they have a lot of franking credits that need to be used), pay down debt (unlikely as they have one of the most under geared balance sheets out there) or they spin the businesses off and float them releasing value that way and solving there problem at the same time.
When is comes to companies listing on the stock exchange, the sum of its parts being greater than the whole is very true. Diversified companies tend to not specialize and become a jack of all trades and master of none. A good example of a Telco that has concentrated its attention on a particular business is Vodafone; it concentrates on Mobile and over the last 15 years has grown dramatically outside its native UK to cover most of the globe. Breaking up of Telstra should unlock a lot of value both short term and if it’s done correctly the long term as well.



Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

The Oracles view on Telstra

Man when will those stupid .......'s in Gov't come to grips with the fact the TLS is a listed entity and they can't just go shooting their politically agendered mouths off about what they want to do. My parents own Telstra (poor buy and hold people that they are) as part of their Super that they now have to live on. I don't think I will be asking their opinion on this for a few days yet.

Ok I have vented now and got the ohhh poor investors stuff out. From here it's lets look at the opportunity that should present itself. The chart below shows a few months of the TLS beast in it's emporers new clothes (in other words bare assed look). The orange line is the all time low and I find it very interesting that the 150% fib retracement from the previous rally is almost on top of this line.

If I was a opportunistic trader (and I am) I might in my one persons loss is anothers opportunity kind of way be looking to possibly, hypothetically......... Well you get the idea!

Sorry mum and dad, but I know you really want your son to be a success.....

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Party with the Oracle

It's amazing what people will do for a piece of free software, just got an invite to host a Windows 7 launch party, (too long in bed with Microsoft I guess), will keep you guys informed as to when and where over the next couple of weeks.

Ronin Asset Management Pty Ltd trading as Cashflow Trader is an Authorised Representative (No. 333209) of Sonray Capital Markets Pty Ltd AFSL 231151 and we do not endorse or vouch for the accuracy or authenticity of postings and no responsibility is accepted for any opinion expressed or for any error or omission that may have occurred herein. Posters are individually responsible for the accuracy and authenticity of their postings. Unless specifically stated, Posters on this blog are not investment advisers and do not hold the necessary licence or have any formal qualification to give investment advice. All postings are of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any investment for your circumstances. www.asic.gov.au has a list of licensed advisers and www.fido.gov.au provides general guidance about investing. The nature of the internet may make it hard to identify or locate the Poster. Securities cannot be offered to you for sale or issue through postings and it is advisable that you alert Ronin Asset Management or ASIC Infoline on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings. Posters may comment optimistically or pessimistically on stocks in an attempt to influence other investors. It is not possible for Ronin Asset Management to moderate all posts. Some misleading and inaccurate information may appear and if you have concerns with a post, you must report the violation to us immediately.

Welcome to the weekend

Well I have to say this week is starting to show the way things are going to be in the future. At last the mrkets are starting to show some signs of exhaustion. As the bear said gold is getting a bit of momentum behind it and as much as I don't really follow the price of crude (I just complain abut the price of fuel at the bowser), I can see what he is talking about. The ASX had another week of gains and it is going to be interesting to watch the launch of Myers into the world of listed entities. Have a great weekend and see you next week.

The Oracle

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