Posted by yungshen1 > May 22, 2013 09:31 PM | Report Abuse
tq fransoweto support me. i love u tqvm

Suddenly everything becomes clear why yungshen1 unfriendly girl2 LOL

park here first: http://biz.thestar.com.my/news/story.asp?file=/2013/5/22/business/13140153&sec=business

WHISPERS of oil price manipulation are travelling fast down the hallways of the world's oil markets.

After a short silent spell, the oil market sprang a surprise via the double raiding of niche trading house Argos and price fixing agency Platts.

Dutch trading house Argos Energies, a mid-sized trading company that deals in physical oil products and owns storage facilities, was visited by inspectors from the European Commission last week, says Reuters, quoting a source familiar with the investigation.

The visit occurred on the same day that authorities raided the London bureau of Platts, and the offices of Statoil, Royal Dutch Shell and BP.

If proven right, this could be the largest cross-border investigation involving rates, shortly after the benchmark Libor interest rate-rigging scandal.

Major banks have just paid hefty fines; sometimes, with the chief executive officer or top officials of banks having to fork out their own money to make up for the shortfalls.

Occasionally, there has been a hue and cry over oil price manipulation, but this time, the context is different.

Last week's action was the first time the European Union was taking a look at the case.

Regulators have sharpened their teeth since major banks were caught fixing Libor interbank rates, the rates at which banks borrow from each other.

The impact of such rigging is obvious other world interest rates are affected and so is their pricing and profit.

In Washington, the chairman of the Senate's energy committee asked the Justice Department to investigate whether alleged price manipulation had boosted fuel prices for US consumers.

“Efforts to manipulate the European oil indices, if proven, may have already impacted US consumers and businesses, because of the inter-relationships among world oil markets and hedging practices,” senator Ron Wyden, the chairman of the Senate Energy and Natural Resources Committee, wrote in a letter to attorney-general Eric Holder.

That letter is being reviewed by the Justice Department.

Those found manipulating oil prices for their own profit should be severely dealt with, as the trickle-down effects of large-scale collusion can be very damaging.

If large countries like the United States might have already felt the impact, what about the smaller countries?

High oil prices often affect the price of transportation and manufacturing.

Prices of food and consumables increase in tandem, affecting even the basic prices for the man-in-the-street.

Bad behaviour is not just confined to some investment banks; we might be seeing it in the oil markets as well.

The impact is widespread and it is mostly the taxpayer who picks up the tab.

The price of oil has been hovering around US$100 (RM301.86) per barrel for the past two years, says Reuters. It spiked up three times to around US$120 per barrel in 2008, 2009 and 2011.

The investigation is focused on whether there was collusion to distort prices of crude, refined oil products and ethanol traded during the market-on-close window.

Platts, a unit of McGraw-Hill, provides clients with price benchmarks set by reporters for opaque energy markets, according to Reuters.

Its assessments are used to close physical and derivative deals worth billions in a US$2.5 trillion market.

,LI> Columnist Yap Leng Kuen is against one group going ahead of others.

she cried two weeks and stuff herself silly on college food thereafter! pity her!

about ys1's speedo, i heard its something like this. Don't meant to get you nor jack excited, but what the heck....

https://www.dropbox.com/s/bqaqjb82ukuc1ro/tumblr_mdu7dfrSPF1rwrwimo1_500.jpg

p.s. the guy is not our malaysian idol! :)

yeah, yungshen1 is malaysian idol. that's why my girl2 crazy over him! have you seen his latest custom made speedo?

frank, in bull market, pies are selling like hot cakes (no pun intended!)

burpp.....

nazriusj, you get live feed on jupiter mpro for your andriod? i am just looking for something on the go!

watch out for Russia! potential problem ahead if oil price plummet!

all the KCs are good guys, just under-appreciated, like underwears!

still too early to tell. some factors still missing

just stick to kcfan, you guys will be alright. He recommendation seems safe if you are a newbie. my risk tolerance is slightly different!

bull run, 4 with one super bull run in between; bear 5

in Thailand, more than 100s, in Malaysia, more than 1000s

the word i am looking for is ceteris paribus, as in Latin!

bull will run more than 18 months, IMHO

caveat emptor

celako... madir balik Kedohh... vol pun tarakk....

go go go go go

Johnny has a farm that produces 1000 apples. Johnny thought to himself, if I hold all the apples to myself, the market may look elsewhere for business, especially now when market got many buyers. So johnny thought of a good plan. Why not I subdivide some of the extra apples I don't need and sell it to the market. Afterall, this year got good bonus harvest and now he can see many buyers of apple coming to town. He concluded he just needed to retain the farm and enough apples (say 30%) for my family for future business.

So johnny spoke to some middlemen, and he said, if sell those bonus apples from my good harvest, will you help me to sell? I will sell to you at low price and whatever you sell later, you keep the profit for yourself. Just make sure its sold all eventually! The middlemen agreed. So johnny begin to sell everytime when there are middlemen coming to take stock. So johnny is happy and so are the middlemen concluding the transactions now. They know eventually both of them gonna make tons of money and the market will lap up all his current cheap but quality apples. What market middlemen & buyers gonna do later, is entirely none of Johnny's business. He is going to the dance with the prom queen and Jho Low! The middlemen are happy too. They will get fat bonus cheque from their bosses at year end thereafter. They going to the ballroom dance also with their own escorts. The buyers......lets wait foe the conclusion of the story. Happy ending or not, sama sama kita tunggukan episod yang akan datang. I am especially waiting they do x-file or shark makan theory! Macam macam Ada!

LOL.... les copaque!

no, did not manage to. price was steep, one of the considering factor

geezzz.... really power up after announcements! :(

ok last attempt... Madir..Madir.. Madir..!!

Lets try new one Carpal.... Carpal... Carpal

Xamy...xamy no working for me leh :(

Hey, seems to be working leh.

Xamy...Xamy.....Xamy......

Don't go crazy now in front of the mamak bro yfchong :)

This will spike price again today

and she is not my shirley1! :)

taught her to fish in Liihen thread already! :)

:)

you watch too many Chow Yun-Fatt movies! :)

what in the red?

it will come! dont worry on such strong and well managed counter such as this!

how long, nobody can tell. only when the market realise its value will it climb. the other question is, how much irrational exuberance is in the market

sure, you are in the early phase of a bull cycle. i think there is some safety even if you make wrong decision at the moment, but make it a habit to learn to calculate. suggest you learn the dividend growth model/Gordon growth model for newcomers. More safety for you!

you can use youtube to go learn! happy investing!

you mean breakeven?

visit again when this share touches 1.80. I think that is possible!

sure, still not too expensive...

http://financial-dictionary.thefreedictionary.com/syndicate

Read about investment bank no. 2

I guess you never seen stock exchange trading floor before :)

Syndicated buying la...

Hmmm ...2.90 wor. Looks like need to chant more. Xamy ...Xamy .....Xamy ...LOL

Xamy...Xamy...Xamy....!!!

well done kcfan. You really can spot good counters!

with the rising anger against AirAsia, MAS should be the biggest beneficiary!

do more Xamy jokes here shirley1, it seems to work! go go go! :)

well done, those who recommended me this counter... hope you guys scored! :)

A few only. Not enough to make me a millionaire! :)

better try predict again wor...

http://stock.osfvad.com/stock_financial_summary.php?stockname=KNM

so little ar, yungshen1?

You are the sifu here, you must tell meY