In South East Asia, Indonesia is perhaps the fastest growing market for RIMM. But, the following news does not sounds good: Research In Motion (RIM) has cancelled its investment plan in Indonesia due to tax issues. RIM believes it would be taxed twice, both in Indonesia and Canada. However, Edy Putra Irawady, deputy coordinating economic… Continue reading $RIMM . Hitting a road block in Indonesia
All 3 Singapore banks (UOB, DBS, OCBC) are in bearish territories in the Ichimoku charts. If Singapore is a financial hub and the banking stocks is a reflection of the economy, then the charts are clearly showing the significant resistance ahead. I expect tough times ahead in 2012. UOB with support at… Continue reading Singapore banks in bearish territories.
I believed TLT is overbought in the short term. Looking at the parabolic rise and that it may break the support, I have a speculative Sept 110 PUT on TLT. My bet is that it will break support within 1 week. However, given the volatile market conditions and the bigger economic concerns from Europe,… Continue reading $TLT . 110 PUT.