kathaksung
New member
618. South East Asia financial crisis (12/26/09)
In May 1995, I came back to US. The stock market was at an unreasonable level with high P/E value. I view it as a trap for me. Of course, I would not touch it.
In later 1997, media said the international speculators attacked Hong Kong dollar. The Hong Kong government managed to go over the crisis so the speculator turned on to South East Asia. Within months, the currency of Thailand, Indonesia, South Korea, all depreciated significantly. That was the famous South East Asia financial crisis. With the success in other countries, the speculator came back to Hong Kong in 1998. This time they aimed at stock market. They bought a large amount of future contract to bid there was a low HanShen index(Hong Kong’s security index) for the August. To achieve their victory, the speculator had to sell down the security market. Hong Kong government, on the contrary, came out to save the stock market. It activated its big foreign currency reserve to take over the stocks poured out by the speculator. Finally the Hong Kong stock market successfully stood above 8,000 index.
A hedge fund company named "Long Term Capital Management" (L.T.C.M.) lost huge in that fight. News reported the Federal Reserve had called an emergence meeting, forcing big financial firms such like Citi group, Goldman Sach... to lend money to save L.T.C.M.. A Hedge fund company could manipulate other big financial firms, it must be more powerful than the Federal Reserve. Obviously it was a cover company of the Feds.
What caught my eye was a news which said that in order to sell down the security market, the speculator borrowed a large amount of stocks from celebrities and rich families of Hong Kong. Now those borrowed chips were all taken over by the Hong Kong government whom said it would keep those blue chips in hand as reserve and wouldn't sell it any more. Since what government bought in this battle occupies 11% of the total blue chip, a large amount of stock were locked up in safe box.
Then how would the speculator to compensate the lenders? They had to buy the same stock from the market. According to the principle of supply and demand, the buying action will push up the stock price. Since Hong Kong stock market always follows New York stock market, I concluded there would be a prosperous bull market.
I had the experience that secret police would suppress the whole market (in China) to restrict me to make money from stock. They didn't care other group's interest, but what if it was their own interest? It worth a try.
I bought 100 shares of Boeing on 9/23, and bought 100 shares of Travelers on 9/25. I chose Boeing because it was one of the only two big commercial plane manufacturers in the world. Feds wouldn't shut down a big company just for my 100 shares? As for "Travelers", it was a new Dow Jones 30 share. I don't think financial group would introduce a junk stock in Dow Jones 30. They would make money on it when people were still strange to it. Several days later, "Travelers" merged with "city Bank". So I then had 100 shares of Citi.
The response of the Feds was severe. I suffered heavy E.M. wave attack that I couldn't stay at my home. At last I had to go San Francisco to live with my parents. On 1/15 I encountered with a bank robbery on my way to my parents' house. I think it was a trap Feds prepared for me - a "random shooting death" case. The case was disrupted by a bystander. (see 402,404,561,562 "San Francisco bank robbery")
In mid March 1999, my parents and my wife told me they would leave for trip within a week. My parents would go China. My wife would go Hong Kong with my daughter and her father. So I would be left alone in the house, either in San Francisco or in San Jose. I thought the Feds could wait any time longer to boost the stock market. They prepared another murder case for me. Before my relatives' leaving, I bought an air ticket and went to Hong Kong on 3/19.
As I expected, the Hong Kong stock market went bull followed the leadership of New York stock market after I arrived in Hong Kong. Seeing a boiling market, seeing other stocks were rushing towards their historical high, I bought another 100 Boeing shares at the price $41 on 4/15. Boeing's historical high was $60, there was $19 space for its price to grow. When Boeing stock turned its head to downwards, I realized I made a mistake. I remembered the experience in China: a rising price curve suddenly stopped and turn downwards. The turning point was always when my purchase order finished. On 4/21, I sold my stock. I made $3100 dollars at Citi Bank. I lost $230 on that newly bought "Boeing". I knew if I held on it, they could drive the price to $34. I made $650 on the Boeing I originally bought on 9/23/1998 later.
In Hong Kong, I had a hard time to make a trading. The phone in my rented room was harassed. To carry out a trading, one day I had to go out in mid-night, to buy a phone card in a Seven-Eleven store and called the securities company to fulfill a deal by public telephone.
619. Nasdaq bubble (1/2/2010)
After Hong Kong, I went to South East Asia. In Bull market, there used to be one peak in chart. This time the bull market had multiple peaks in more than two years around 11,000 points of Dow Jones index. It almost became a plateau of peaks. I think the Feds maintain the stock market in high value at the hope that I'll return to buy back some stock. Of course, I wouldn't touch it any more.
On 7/26 2000, I came back to US. In August, in the statement of Securities company I found my wife had bought two high tech. stocks in May and June - two months before I came home. They were: 50 shares of New Focus @ $46/share and 200 shares of China Unicorn @ average $22/share. On 8/30, the price of New Focus was $136. The Nasdaq market was crazy at that time. I select Dow Jones fundamental stock because for most time, it would keep a certain value. I have different views on high tech. stock. They are highly speculated. It could become a piece of paper any time. So I urged my wife to sell her two high tech. stock immediately. She refused. Within days, the Nasdaq market went downwards. That was the start of the evaporation of the dot.com bubble. I think it was the result of my urge. Feds wouldn't let my account make money. (It was a joint account)
In the end of November, New focus was at $20 and China Unicorn was $14. They lost half of their original cost my wife paid. New focus later changed its name to Oclaro. 50 shares were shrunk to 6 @ $1 each. That piece of paper now is worth six dollars.
I think that's revenge from the Feds. To offset the profit I made in trading Boeing and City Bank. They lured my wife into the Nasdaq bubble. The money she lost almost equals to the profit I made.
Strange to say, the break off of the Nasdaq bubble doesn't affect the Dow Jones index. Dow still kept floating around 11,000 when Nasdaq lost almost two thirds of its value. I think that was because Feds still wished me to fall in their high value stock trap.
When I was in South East Asia, Feds still sent many informants disguised as tourists to travel with me. This needed a large operating fund. I think the money may come from the rising stock market. I thought many small groups worked on it. They follow the signal of buy and sell from a lady Whom media called "the Goddess of stock market". I noticed her because her hint for many times accorded with the plot Feds applied on me. In my opinion, the US stock market has been kept in an unreasonable high level since 1995 at the purpose to prevent me to profit from it. So the market had a tendency to adjust to normal (much lower from the current level) when there was a trap set for me.
In May 1995, I came back to US. The stock market was at an unreasonable level with high P/E value. I view it as a trap for me. Of course, I would not touch it.
In later 1997, media said the international speculators attacked Hong Kong dollar. The Hong Kong government managed to go over the crisis so the speculator turned on to South East Asia. Within months, the currency of Thailand, Indonesia, South Korea, all depreciated significantly. That was the famous South East Asia financial crisis. With the success in other countries, the speculator came back to Hong Kong in 1998. This time they aimed at stock market. They bought a large amount of future contract to bid there was a low HanShen index(Hong Kong’s security index) for the August. To achieve their victory, the speculator had to sell down the security market. Hong Kong government, on the contrary, came out to save the stock market. It activated its big foreign currency reserve to take over the stocks poured out by the speculator. Finally the Hong Kong stock market successfully stood above 8,000 index.
A hedge fund company named "Long Term Capital Management" (L.T.C.M.) lost huge in that fight. News reported the Federal Reserve had called an emergence meeting, forcing big financial firms such like Citi group, Goldman Sach... to lend money to save L.T.C.M.. A Hedge fund company could manipulate other big financial firms, it must be more powerful than the Federal Reserve. Obviously it was a cover company of the Feds.
What caught my eye was a news which said that in order to sell down the security market, the speculator borrowed a large amount of stocks from celebrities and rich families of Hong Kong. Now those borrowed chips were all taken over by the Hong Kong government whom said it would keep those blue chips in hand as reserve and wouldn't sell it any more. Since what government bought in this battle occupies 11% of the total blue chip, a large amount of stock were locked up in safe box.
Then how would the speculator to compensate the lenders? They had to buy the same stock from the market. According to the principle of supply and demand, the buying action will push up the stock price. Since Hong Kong stock market always follows New York stock market, I concluded there would be a prosperous bull market.
I had the experience that secret police would suppress the whole market (in China) to restrict me to make money from stock. They didn't care other group's interest, but what if it was their own interest? It worth a try.
I bought 100 shares of Boeing on 9/23, and bought 100 shares of Travelers on 9/25. I chose Boeing because it was one of the only two big commercial plane manufacturers in the world. Feds wouldn't shut down a big company just for my 100 shares? As for "Travelers", it was a new Dow Jones 30 share. I don't think financial group would introduce a junk stock in Dow Jones 30. They would make money on it when people were still strange to it. Several days later, "Travelers" merged with "city Bank". So I then had 100 shares of Citi.
The response of the Feds was severe. I suffered heavy E.M. wave attack that I couldn't stay at my home. At last I had to go San Francisco to live with my parents. On 1/15 I encountered with a bank robbery on my way to my parents' house. I think it was a trap Feds prepared for me - a "random shooting death" case. The case was disrupted by a bystander. (see 402,404,561,562 "San Francisco bank robbery")
In mid March 1999, my parents and my wife told me they would leave for trip within a week. My parents would go China. My wife would go Hong Kong with my daughter and her father. So I would be left alone in the house, either in San Francisco or in San Jose. I thought the Feds could wait any time longer to boost the stock market. They prepared another murder case for me. Before my relatives' leaving, I bought an air ticket and went to Hong Kong on 3/19.
As I expected, the Hong Kong stock market went bull followed the leadership of New York stock market after I arrived in Hong Kong. Seeing a boiling market, seeing other stocks were rushing towards their historical high, I bought another 100 Boeing shares at the price $41 on 4/15. Boeing's historical high was $60, there was $19 space for its price to grow. When Boeing stock turned its head to downwards, I realized I made a mistake. I remembered the experience in China: a rising price curve suddenly stopped and turn downwards. The turning point was always when my purchase order finished. On 4/21, I sold my stock. I made $3100 dollars at Citi Bank. I lost $230 on that newly bought "Boeing". I knew if I held on it, they could drive the price to $34. I made $650 on the Boeing I originally bought on 9/23/1998 later.
In Hong Kong, I had a hard time to make a trading. The phone in my rented room was harassed. To carry out a trading, one day I had to go out in mid-night, to buy a phone card in a Seven-Eleven store and called the securities company to fulfill a deal by public telephone.
619. Nasdaq bubble (1/2/2010)
After Hong Kong, I went to South East Asia. In Bull market, there used to be one peak in chart. This time the bull market had multiple peaks in more than two years around 11,000 points of Dow Jones index. It almost became a plateau of peaks. I think the Feds maintain the stock market in high value at the hope that I'll return to buy back some stock. Of course, I wouldn't touch it any more.
On 7/26 2000, I came back to US. In August, in the statement of Securities company I found my wife had bought two high tech. stocks in May and June - two months before I came home. They were: 50 shares of New Focus @ $46/share and 200 shares of China Unicorn @ average $22/share. On 8/30, the price of New Focus was $136. The Nasdaq market was crazy at that time. I select Dow Jones fundamental stock because for most time, it would keep a certain value. I have different views on high tech. stock. They are highly speculated. It could become a piece of paper any time. So I urged my wife to sell her two high tech. stock immediately. She refused. Within days, the Nasdaq market went downwards. That was the start of the evaporation of the dot.com bubble. I think it was the result of my urge. Feds wouldn't let my account make money. (It was a joint account)
In the end of November, New focus was at $20 and China Unicorn was $14. They lost half of their original cost my wife paid. New focus later changed its name to Oclaro. 50 shares were shrunk to 6 @ $1 each. That piece of paper now is worth six dollars.
I think that's revenge from the Feds. To offset the profit I made in trading Boeing and City Bank. They lured my wife into the Nasdaq bubble. The money she lost almost equals to the profit I made.
Strange to say, the break off of the Nasdaq bubble doesn't affect the Dow Jones index. Dow still kept floating around 11,000 when Nasdaq lost almost two thirds of its value. I think that was because Feds still wished me to fall in their high value stock trap.
When I was in South East Asia, Feds still sent many informants disguised as tourists to travel with me. This needed a large operating fund. I think the money may come from the rising stock market. I thought many small groups worked on it. They follow the signal of buy and sell from a lady Whom media called "the Goddess of stock market". I noticed her because her hint for many times accorded with the plot Feds applied on me. In my opinion, the US stock market has been kept in an unreasonable high level since 1995 at the purpose to prevent me to profit from it. So the market had a tendency to adjust to normal (much lower from the current level) when there was a trap set for me.