Streetsters » Asia

Day trading of shares

Nayab Naseer — Sat, 12 Sep 2009 12:20:37 +0000

Day trading is the concept of purchasing shares and selling them on the same day, without taking delivery of the stocks, taking advantage of the intra-day fluctuations of the share prices. This is speculation at its best, for the intra-day movement of prices in the stock exchange is based almost wholly on market sentiments and not on the performance of the company. The intra-day share traders either buy the shares an sell them hen prices go up, or else they sell short, that is they sell shares they do not posses in anticipation of prices falling, and then purchase them to cover for their short positions before the day ends.

The advantage of intra-day trading for share traders is that the broker takes a lesser commission, and since they complete the buying and selling on the same day, they need not invest the entire money to buy the shares. The broker usually allows intra-day transactions with the trader depositing ten percent of the amount with the broker.

Tribute to Former President Corazon Aquino

Ma Christina Castillo — Thu, 06 Aug 2009 03:54:18 +0000

The least that I can do is join my fellow bloggers as they pay tribute to our former President Corazon Aquino who passed away recently.

Declared Time Magazine Woman of the Year in 1986, she is fondly called “Tita Cory” by the Flipino people. Here are some of her quotes:

“Faith is not simply a patience that passively suffers until the storm is past. Rather, it is a spirit that bears things – with resignations, yes, but above all, with blazing, serene hope.”
“I am not embarrassed to tell you that I believe in miracles.”
“All the world wondered as they witnessed… a people lift themselves from humiliation to the greatest pride.”
“I just do whatever it is that I believe I should do, regardless of the risks to my life.”
“One must be frank to be relevant.”

Prayers, wishes and thanks continue to pour at the ABS CBN site. For more information, please take time to visit these sites: http://abs-cbn.tv/ and http://www.coryaquino.ph.

North Korea wants “no pants” for women

leafworks — Fri, 11 Nov 2005 21:38:10 +0000

…North Korea’s communist government is urging women in the country to wear traditional Korean clothes instead of pants, according to a North Korean monthly magazine.

“Keeping alive our dress style is a very important political issue to adhere to specific national cultural traditions at a time when the U.S. imperialists are maneuvering to spread the rotten bourgeois lifestyle inside North Korea,” the Joson Yeosung (Woman) magazine said, according to South Korea’s Yonhap news agency…

Full story here: http://news.yahoo.com/s/ap/20051104/ap_on_re_as/nkorea_no_pants

China’s currency gamble

brother9 — Thu, 21 Jul 2005 18:29:31 +0000

Today China dropped its policy of linking the Yuan to the dollar in a fixed exchange rate. For the past ten years the yuan traded at 8.277 to the dollar. As of today the value of the yuan trades at 8.11 yuan, which is still a state-set value but is moving towards a more market-based value based on a series of values in relation to the larger European currencies.

Many people – US lawmakers included – have been pressuring China for years to remove the fixed status of the yuan and have it float on the currency market. It’s been claimed that the Chinese government has undervalued the yuan as much as 40 percent giving Chinese exporters unfair advantages based on conversion.

The dollar is down against the Japanese yen – the bellwether of the Asian economy – on the news.

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site admin — Wed, 03 Nov 2004 08:25:43 +0000

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