stock pick for 7.12.2009

today its seem like a bit more on property, so choose stocks like WIKA, ADHI, and ELTY. Additionally, some stock to eye are ADRO and DEWA. Stocks to watch out means sell are ISAT, ANTM, INCO, and CPIN (oh pls no more bird flu) ha. . Hope this will help .. Happy trading... All the best Will I Am Chen

highlight on final test element of accounting and finance 1

Dear all my students at IT&B, I will put the reminder for your final test revision questions for element of accounting and finance 1.

First of all, you have to answer 2 questions out of 3 questions in final test.
Part 1 consist of questions general journal then post to ledger (T accounts), then trial balance, profit and loss and balance sheet. This is similar to question chapter 6. You can try question 6.2 in page 66 of textbook. Remember start with general journal then end with P+L and Balance Sheet.

Part 2 consist of two questions, which is provision for doubtful debt and provision for depreciation
For doubtful debt - look at question on 25.1, 25.2 etc.. and handout page 20.
For depreciation - look at question on 26.1, 26.1, etc... and handout page 22.
Remember answer only any one of the questions in part 2.

All the best William Chen

MEDC or MadCow?

MEDC or madcow? look at chart below.. this is a real big problem on MEDC, which consolidate for so long long time and did not awake... Currently still having madcow disease as there is still downtren point. . Look at the chart below there is still another star for the second time hopefully is a medc star not madcow star like before. . Long pressure on consolidation for long time, might create a Wild Cow in the future when its goes up. Go MEDC no MADCOW... happy trading ... Will I Am... Chen... GBU

CPIN - bird flu has gone

Thanks goodness after consolidation for a week, CPIN showing a good reversal as shown in chart below. CPIN move up higher than before on its candlestick in previous week. Its also showing a swing from down to upward. MACD getting better and its stock is still on above MA 50. . . Recover from the flu CPIN fly again... Will I Am... Chen ...

Menanti Bintang Timur di tengah BUMI

As the title is about waiting for the star in the midst of the earth. Look at the chart below. Today in BUMI, we find a star with long leg at downside might indicate a good point for bullish to Rp. 3,000. After long waited at last there is one more star shinning on earth to give hope all all people who 'nyangkut' in BUMI. Prospect on BUMI and fundamental is still good, PER still cheap and technical is in good point. Bullish is on the way to Rp3,000 in near future. MA 50 will be at Rp 2,700, hope tomorrow will be on this point, then no more concern to go up in the near future. Additionally, Bakrie still the 4th richest man in Indonesia. So, lets the star shine in Dec.. Merry Christmas... Happy trading.. Will I Am... Chen... GBU

Break and rebound

Look at the chart below... Sometimes stock that break its low at short term might be reversal high in the next day. But this phenomena I noticed only for temporary since its break the down trend and will be down trending. Hit and run in a day might be a good idea as the stock will drop again in the later period. The chart below showing its drop below the straight line low point in short period, but then goes up high in tomorrow. Buy at the day its break and sell in later day might produce some profit for traders. jadi intinya ya beli pada saat break jual 1 hari kemudian .... . Hope this will help.. Happy trading... Will I Am Chen... GBU

Theory of Gravity

Everything that throw up will goes down to earth, this is called the theory of gravity. I think gravity not only happen on BUMI (I means earth ha...), but also applicable to BUMI (I means stock la...). Stock is never goes up everyday. It will goes up and down but uptrend, or it will goes down and up but downtrend. So, it need not to worry because everything goes down will go up one day with just a matter of time theory and also the trend theory that would make it reverse. Dont forget the rebound theory too. . So many theory make confuse, but without theory no foundation for making decision. . Stock is quite complicated so study never end every day... Happy study Will I AM Chen... GBU