Investment

» noggin - CLX

In response to CLX posted by Kirk:

Kirk, I was just thinking about how there's redundancy in the indicators that show possible bottoms and how you mentioned on 5-19 (30 day CLX over sold and bottomed today... offsets favorable going forward).

The date of 5-19 was about 2 months before the final bottom, and other indicators were closer to catching the bottom.

http://bigcharts.marketwatch.com/advchar...
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http://stockcharts.com/h-sc/ui?s=$NAHL&p...
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http://stockcharts.com/h-sc/ui?s=$BPSPX&...
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http://stockcharts.com/h-sc/ui?s=$VIX&p=...
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So I was wondering with all you watch if the clx was and is helpful to you?

(EDIT)

I reread your post and I can see how it is useful - As Roseanna Roseannadana once said "Nevermind".

-- posted by noggin

» noggin - CLX

In response to CLX posted by Kirk:

Thanks Kirk.

-- posted by noggin

» stocktiger - Bradley chart

In response to Verigy ready to rock? posted by Kirk:

http://www.amanita.at/i/bradley/bradley2...

Funny the 2006 Dec into Jan 2007 chart is kind of close to what's happening.

Looks like Tech, Financials,may be the golden goose this year? Still holding smaller portions of Energy/PM's for LT.
EM's correction and Energy's fall could precipitate good entry points and the Market will probably surprise all of us.

-- posted by stocktiger

» stocktiger - Bull Markets

In response to Bull Markets posted by Kirk:

Good info Kirk, hope you are right! My real estate fund is now #1 and hopefully Tech will kick in this year. Still think the market and geo politics will give us plenty of surprises in 07'. Holding GOLD and ENERGY for LT.

If we are not in a recession by end of Febuary, Jas must shine Norm's shoes, hehe.

-- posted by stocktiger

» Jas_Jain - Jas Jain's Pathetic Investment Record

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Another Lie From Kirk -- RE: Jas Jain's Investment Record

If anyone had any doubts that Kirk is a LIAR here is the proof.

He posts a subject title "Jas Jain's Investment Record" without knowing my "Investment Record." Then he want me to answer his BS. I don't have to answer any BS from a guy who wants to waste time and wants to dish crap for consumption of people who hate my guts.

You got some serious problems, buddy. If you attack me I WILL shoot back. Got it?

Bubbleheads were proven to be stupid during 2000-02 and they will be proven to be even more stupid in the coming years. Just wait until your ding in Los Altos is worth less than what you paid for. I guarantee it because the whole thing has been supported by Fraud. All such things end very badly.

Jas

-- posted by Jas_Jain

» reynosa - Jas Jain's Pathetic Investment Record

In response to Jas Jain's Pathetic Investment Record posted by Jas_Jain:

J_J, would you list a few names from Los Altos so I can catch up? You don't have to be specific but just enough so I can figure it out.

I come and go from this site and have always held Kirk in the highest regards. Thanks

-- posted by reynosa

» stocktiger - RE: Jas Jain's Pathetic Investment Record

In response to RE: Jas Jain's Pathetic Investment Record posted by Kirk:

Kirk, I think the western world has had enough of his BS, certainly most of us have. Good move on LAM, many of my old friends worked for them in field service.
Better company than AMAT.

-- posted by stocktiger

» tjg911 - RE: Jas Jain's Pathetic Investment Record

In response to RE: Jas Jain's Pathetic Investment Record posted by Kirk:

After reading post # 306 yesterday, I was curious. Who is JJ? Why the meaness?

So I went to 'his' thread and read back about 10 pages. Terrible stuff! Why is he allowed to say these things? I don't know Kirk from a hole in the wall but I don't think anything JJ has said about him is true. I gather he's not allowed to go to other threads but he did post in this one. I am surprised he has not been banned. The level of bitterness is truly amazing!

What country is JJ from? Apparently he does not like America or Americans.

Why does he stay here?

Tom

-- posted by tjg911

» axolotl - New Poll?

In response to New Poll? posted by Kirk:
Pick the BIG blue chip winner for 2007: Walmart........GE.........ExxonMobil...or Microsoft or Citigroup ??????????????

-- posted by axolotl

» tomkk - Taiwan Semis?

Kirk - UMC seems to be changing shareholder strategy. They are starting to pay attention to shareholders - 30% buy back(!) - and the market responds favorably. Up 11.2% yesterday. What do think, is it time to invest in UMC and/or TSM?
- Tom
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from WSJ: http://online.wsj.com/article/SB11695693...

UMC to Pay Cash
To Holders, Cut Shares
By JASON DEAN and PERRIS LEE
January 24, 2007

United Microelectronics Corp., a leading computer-chip maker and one of Taiwan's most prominent companies, said it plans to reduce its number of shares by 30% and make a large payment to shareholders, the latest move by Taiwan's vaunted technology sector to return cash to investors.

United Microelectronics, or UMC, said yesterday it would cancel 5.74 billion of its approximately 19.13 billion outstanding shares. It will pay shareholders 3 New Taiwan dollars, or about nine U.S. cents, for each share they own before the share reduction, a total payout of NT$57.39 billion, or about US$1.74 billion, UMC said in a statement. Liu Chitung, UMC's chief financial officer, said in a telephone interview the payout is equal to roughly 60% of UMC's current cash stockpile.

UMC lists ordinary shares in Taipei and American depositary shares on the New York Stock Exchange.

Taiwan's tech companies were able to attract investors in the past strictly because of their rapid growth and seldom rewarded investors with cash returns. In recent years, however, companies have responded to calls for improved corporate governance and better shareholder returns with more cash payments and other steps that benefit investors. Both UMC and rival Taiwan Semiconductor Manufacturing Co., for example, started issuing cash dividends some years ago.

Since last year, analysts have argued that many of Taiwan's electronics companies still have too much cash on their balance sheets and suggested that they should return some of it. Several other companies have already made share reductions similar to UMC's.

"With many Taiwan and Asia-Pacific semiconductor companies that are able to generate sufficient cash flows, we expect better capital management through capital reductions, buying back shares to write off, or higher cash dividends, which in turn should prompt reratings for the semiconductor sector," Andrew Lu, a Taipei-based tech-industry analyst for Citigroup, said in a report issued in December.

UMC, the world's second-largest contract chip maker by revenue after Taiwan Semiconductor Manufacturing, said directors decided on the share cancellation at a board meeting yesterday. It said that the company expects its cash flow to be sufficient to meet its future investment needs, including a $5 billion advanced factory it is building in southern Taiwan. Cash flows are expected to increase because the company will soon stop expensing its investment in several older factories when their so-called depreciation period ends.

"In order to avoid future cash levels becoming excessive and to better respond to the expectations of today's capital markets, the company has resolved to carry out this capital reduction and return cash to its investors," UMC said in its statement.

The plan still requires approval by shareholders at UMC's annual general meeting slated for June 11, the company said. UMC's shares in Taipei ended flat at NT$19.60 yesterday before the announcement but have declined 3.2% so far in 2007, while the key stock index has gained 1% to last close at 7852.36.

-- posted by tomkk