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.