US Stocks Investing and Trading

New IPO from Chinese Companies : (GA — NYSE) 

NEW YORK, Oct 31 (Reuters) - Giant Interactive Group Inc on Wednesday raised $886.6 million with an initial public offering that priced well above expectations, making it the largest such capital raising in China’s fast-growing online game sector.

The IPO by China’s No. 3 online game operator, the largest by a Chinese company on U.S. markets this year, marks the latest deal in a record-breaking capital-raising push by firms in the world’s second-largest Internet market.

The Shanghai-based company sold 57.2 million American depositary shares at $15.50 each, compared with a forecast range of $12 to $14. Based on its offering price, Giant has an initial market capitalization of about $3.9 billion.

It said it launched the offering to create a public market to benefit shareholders and provide equity incentives for employees. It plans to use proceeds for general corporate purposes, and possible acquisitions, according to its filing with the U.S. Securities and Exchange Commission.

The stock is expected to begin trading on the New York Stock Exchange on Thursday under the symbol “GA” (GA.N: Quote, Profile, Research).

Underwriters, led by Merrill Lynch (MER.N: Quote, Profile, Research) and UBS (UBSN.VX: Quote, Profile, Research) (UBS.N: Quote, Profile, Research), have the option to purchase an additional 8.6 million ADSs to cover overallotments.

The company is a relative latecomer to China’s fast-growing online game market, where it and the other top three players, all Nasdaq-listed, now control a combined share of about two-thirds, according to Analysys International.

Shanda Interactive (SNDA.O: Quote, Profile, Research) was the market leader with 21 percent in the second quarter of this year, followed by NetEase (NTES.O: Quote, Profile, Research) at 19.2 percent, Giant at 15 percent and The9 (NCTY.O: Quote, Profile, Research) at 10.6 percent, according to Analysys.

China is the world’s second-biggest Internet market by users, after the United States, with more than 160 million Web users at the end of June, according to the China Internet Network Information Center, a government-backed agency that licenses online domain names.

(Reporting by Lilla Zuill)

This article is from the following site :

http://www.reuters.com/article/marketsNews/idUKN3139931420071101?rpc=44

This article is taken from :  

http://tradinggoddess.blogspot.com/

Wednesday, October 24, 2007

While there may be an unlimited number of potential price patterns in the market, most popular price patterns fall into two broad categories in relation to trends: Reversal Patterns or Continuation Patterns. Knowing more about specific patterns may help you determine which resolution in price is likely to occur.

Without delving too deep into the topic, popular reversal patterns include the “head and shoulders,” broadening formations, and rounding formations, while popular continuation patterns include rectangles, triangles, and flags/pennants.

Any of these patterns can actually resolve into the unexpected direction (a reliably consistent reversal pattern may resolve to be a continuation pattern) at any given time and without warning.

Are there hard and fast rules you can apply quickly to assess the probabilities of resolution, or the significance of a given price pattern?

While these suggestions will not work all the time when you feel you have identified a pattern, they just might help you preserve capital or temper your expectations.

1. The longer the pattern forms, the more likely it is to be a reversal pattern.

2. The shorter the pattern, the more likely it is to fail to conform to expectations.

3. The deeper (greater price fluctuation) the pattern, the more significant the likely price ejection from the pattern (due in part to the ‘measuring rule’ inherent in some patterns).

4. The more accurately the expected volume pattern unfolds, the more reliable the pattern (examples: Volume should contract during a triangle, flag, or pennant pattern. Volume should be heavier on the left shoulder than the right shoulder. Volume should confirm a pattern break-out. etc)

5. The longer (and more steep the angle) a trend has endured, the more likely a pattern is to be a reversal pattern.

6. The more “perfect” (textbook) the pattern, the more likely it is to fail to conform to everyone’s expectations.

Each pattern has its own set of expectations and rules, but these generally encompass most resolutions of price patterns. There are a plethora of books or websites that can give you more information on specific patterns and the rules associated with them, but always keep in mind suggestion #6. If everyone sees the same pattern and expects the same thing, the pattern will most likely fail due to the often sinister resolution of mass-expectations in the market.

Remember, patterns are expected to reflect psychological patterns of human participants, and many observed patterns have been categorized, classified, and tested through the years.

While no pattern is 100% accurate, they can help add a new level of trade selection to your growing toolbox of trading ideas and tactics.

Corey

With the strong performance of tech sector in recent weeks, one will easily come across the often prominent performance of these two heavyweight stocks, AAPL and GOOG. The following article from Gigaom.com gave us a picture for these two giant Tech stocks :

http://gigaom.com/2007/10/23/apple-vs-google/#more-10498

1. invest-like-the-masters-warren-buffett.pdf  (in English)

2. invest-like-a-billionaire-sam-zell.pdf (in English)

3. 5000-in-3-years-a-stock-market-investor-personal-story.pdf (in Chinese)

4. 38-steps-to-become-successfultrader.pdf (in English)

I found this article last year and it still worths a read :

aiming-for-the-right-target-in-trading.pdf

Click the below small image to see the setiment indicator for LVS.

Related posts:

http://cougarjump.wordpress.com/2007/08/07/las-vegas-sands-corp-lvs/
http://cougarjump.wordpress.com/2007/07/07/baiducom-inc-nasd-bidu/
http://cougarjump.wordpress.com/2007/06/09/china-mobile-ltd-adr-nyse-chl/
http://cougarjump.wordpress.com/2007/06/11/petrochina-company-limited-adr-ptr-nyse/

An introduction on options trading.  Like any business, only the top few % will succeed in this game. Is it for you? Read the comments in this article :

http://finance.yahoo.com/how-to-guide/career-work/12827?start=1&count=5#dtk-cmtscnt

I came across to read this CNNMoney blog :

http://mediabiz.blogs.cnnmoney.com/2007/08/28/google-a-safe-haven-stock/

Waiting for FDA news before market open this morning.

Latest breaking news : drug not approved !!!