Tuesday, December 30, 2008

KLSE Bursa Trade - A Bug?

Can you notice an anomaly in this screen shot? Of course you do, partly because I already highlighted the row that I believe contains the suspicious issue.



I've cracked over my head and can't seem to find a valid reason of why the Sell 1 lot at "-" price. Look at the screens below for more close up.






Is it Maybank2U Trading platform problem or the Bursa Trade data matching and broadcast problem? Don't ask me, I'm not the one who designed the system.

Let assume the worst case scenario that this is "one of" the Bursa Trade bugs that pertains to data integrity issue, transaction concurrency problem or synchronization mystery, can someone actually take advantage of it? Can I synthetically enter a Buy transaction at price "-" so that I virtually obtained the Sell lots for FREE? Again, maybe I'm just fantasizing in my own world, effects from watching too many movies like Sword Fish. LOL

Fella in Bursa Trade, wake up!

Updated: 2:15PM. Another similar "problem". This time is 1000 lots Buy at "-" price for GPACKET.



Note: By the way, FYI, the "problem" occured during the Pre-Open/Close session at noon.

Note 2: I already sent an email to notify the BursaTrade team at BursaTrade@bursamalaysia.com. Hopefully will get a quick reply from them. Update: Nothing so far from them. I guess them have no time to entertain non critical bug investigation request like this. LOL






Top Blogs

Sunday, December 28, 2008

Luxury is her game


By KEE HUA CHEE


Homegrown fashionista Angie Kok owns the franchise of four of France’s leading labels: Givenchy, Lanvin, Lancel and Kookai.


Homegrown fashionista Angie Kok owns the franchise of four of France’s leading labels: Givenchy, Lanvin, Lancel and Kookai.

LOW-KEY, unassuming but eminently stylish as befits her business, Angie Kok is ironically better known in Paris than in Kuala Lumpur.

In the City of Lights where she goes up to six times a year, she is feted by fashion conglomerates like LVMH, Richemont and the media.


Angie Kok: ‘You have to seize opportunities when they appear, as sometimes they appear only once!’
“I attend all the shows, launches and events when in Paris. In KL, I prefer to stay out of the limelight,” explains the bubbly and feisty Angie Kok.

Kok is a familiar figure on the Paris fashion circuit and knows many power brokers and fashionistas. “I speak French but not very well but everyone in the industry speaks English. Yes, I have valuable contacts in Paris since all my four brands – Lanvin, Givenchy, Lancel and Kookai – are French.”

Growing up in Malacca, Kok dreamed of owning boutiques and wearing beautiful dresses. “I was already very business-minded at 15 and decided to run a fashion shop so that I got to wear nice clothes while making money!”

At 21, she graduated as a quantity surveyor as her carpenter father decided fashion was too fickle a career. But as fate would have it, she met Dave Kok in the early 1970s while doing a land survey for him. They married soon after, and have two grown-up daughters and a 15-year-old son.

“Veronica is a Psychology graduate and is now helping me run my business while Joyce will graduate in Finance & Commerce next year. Shaun is still schooling.”

Lady Luck smiled on her as her husband helped her realise her dream. “We visited all the luxury boutiques in Paris, London, Milan and New York. I began to acquire a taste for nice things, not just clothes but accessories, jewels, works of art and a certain lifestyle. I was determined to open my boutique as I was so inspired and wanted to introduce all the nice things to KL.”

Paris mesmerised her the most, hence the name of her first boutique La Bon (The Beautiful) which remains the name of her holding company.

“My first La Bon boutique was at City Square. Twenty years ago, City Square was KL’s foremost mall, with a huge Christian Dior boutique. All my boutiques today are in Starhill. La Bon was a multi-brand boutique then and I carried labels like Etinnelle, Faust, Surabaya and Tara Jarmon.”

Some dresses sold for RM2,000 upwards, a vast sum two decades ago and a respectable amount now.

“People paid. I was at the right place at the right time as RM1,000 dresses were no longer considered shocking since Malaysians were getting richer. Now, there are so many labels but back then there were few and far between.”

Ten years ago, she was approached by the mighty, all-encompassing LVMH Louis Vuitton Moët Hennessy group to carry Givenchy. Her Givenchy Gentlemen boutique opened at Starhill in Bukit Bintang, catering to businessmen looking for business suits, tuxedos, briefcases and shoes. Givenchy was the start of her French franchises.

Kok decided to push a younger line and gunned for Kookai. “I love Kookai and had been wearing Kookai long before I got the franchise. Their casual, party and office apparel are fun and easy to wear while their good pricing allows anyone to own many pieces.”

Kok got the rights four years ago and set up Kookai stores in Suria KLCC and Mid Valley Megamall. Kookai is so hot it even got Karl Lagerfeld of Chanel to design! Lagerfeld actually appeared in advertisements for Kookai. In the adverts, Lagerfeld pronounced, “All these girls in Kookai, it’s not good. I don’t say that for myself but for the other couturiers.” The 1993 ad caused a sensation and went on to become a case study for marketing gurus for its tongue-in-cheek effectiveness, wit and parody.

In 2006, Kok was granted the franchise for Lanvin Men while the women’s line, RTW, was introduced last February.

“Personally, I feel men are better buyers. The men who buy Givenchy and Lanvin spend a lot compared to women. They have the purchasing power but maintain a low profile as men’s suits change very little.”

Her latest baby is Lancel, the handbag brand. “When I went to Paris’ Champs Élysées, I saw so many Lancel signboards I lost count. I was very impressed and discovered why it’s such a hit season after season. First, this French label is designed and made entirely in France which is a big deal as the French Government is very particular about their coveted ‘Made in France’ label.

“Lancel sells from RM900 to RM3,000 on average, with the most expensive around RM5,000. The best-selling ‘Elsa’ monogram is priced at RM2,280. And all made in France!”

As luck would have it, selling Lancel has become easier. Marc Lelandais, Lancel’s president, has signed superstar actress Isabelle Adjani as ambassador. Not only did he sweet-talk her into promoting the “le French légèreté” (lightness of weight) of Lancel, he declared it was an artistic partnership with a soul supplement as Adjani would also design a Lancel bag.

You don’t get this far in life without holding to a philosophy. For Kok, it is about seeing the positive.

“You have to seize opportunities when they appear, as sometimes they appear only once! You have to take risks but do so only when you are personally convinced about the products you will be selling. Many French and Italian brands have contacted me to carry their line but I turned them down as I didn’t feel convinced or could not give my 100% commitment.

“I come up with my own capital with minimal borrowings which is quite risky but then failure has never crossed my mind. Once I take on a new label, I automatically do my maths and think of what to do with profits. I am a positive person.”

Kok keeps a low profile and stays above the social nit-picking. “It’s not necessary to be famous to succeed. I am very result-oriented. I have nothing to prove as my brands speak for themselves,” she says.



Alam Perdana. Semi D @ Condo Price

A catch phrase on a flyer caught my eyes. Semi D @ Condo Price.

Sure or not?! Mamma Mia.

The deal is for Alam Perdana project, managed by Mah Sing Berhad. More info check out their web site.

The location of the project is near to SP Setia's eco park project where both also situated in Klang.

Here's the thing. Where the heck you can find a RM450,000 condo in Klang?

The deal is more like Semi D in Klang @ Condo Price in KL.

We check the deal again. Oh no no. You might only be able to find RM450,000 condo in certain high end residential areas in KL. I've excluded condo around KLCC area because they are exceptionally expensive for common citizens like me.

Revised deal -> Semi D in Klang @ High End Condo Price in KL.

Think again. Is this really a good deal? It depends, I guess. Maybe you've sicked of life in KL or want to escape from vicious urban cliques, then you might consider the "bargain".

By the way, the semi D is actually LINK SEMI D which means 4 houses in a cluster instead of 2.

Is the desire to own a landed property of your own strong enough for you to let go the better location, higher class and perhaps improved social life of existing to suburb location where the only benefit of it is to stay near to me. LOL.








DB2 Screw Up after Removal of Windows Active Directory




For Windows 2003 machine which is used to host the AD domain controller, if ever you need to uninstall the DC and revert back to normal Windows 2003 server, you can use dcpromo tool from Windows Support CD to demote the role of the Windows.

But because the uninstallation of DC wipes out many things, particularly the user and group repositories, many of the hosted applications will not be able to execute, or even start as usual.

In a not so long ago incident, our customer decided to use one of our development VM for their testing environment before the actual setting up of the "production" version of testing server. Since we already got the VM, why not? Well, things don't turn out as expected because the VM is designed to replicate the actual production environment which includes the use of the same domain name like the one in the customer network. We got only 3 viable options, 1.) Rename the VM's domain name, 2.) Uninstall the domain controller in VM, and 3.) Recreate the VM

Since option 1 involves many manual steps as outlined in Microsoft support site and option 3 involves the most works, we decided to try out our lucks with option 2.

The dcpromo tool is very straightforward to use. You first install the Windows Support Toolkit from your Windows CD and run the dcpromo by either double click it or execute from command prompt. Then a GUI-based wizard will guide you through the rest. Restart Windows at the end.

Ho ho ho. After you restarted the Windows, you shall get a services failed message when you're in the login screen. Then after login, you shall get another DB2 starts failed message.

Do you still remember that some of DB2 servers in Windows environment are registered as Windows services and since the original user and group repositories are gone, the user name used for starting those services are no longer valid and thus you got the error message.

Assuming that your DB2 is installed with the Windows security integration option enabled, you need to recreate DB2ADMNS and DB2USERS group and db2admin (or any other admin account you specified during the installation) user account. You also need to add db2admin as Administrator. If you don't perform this step, you shall get a DB2 start error: SQL1042C SQLSTATE=58004 when tried to do a db2start execution.

Type services.msc in Run menu and sort the services list using the Log On As column. Identify the DB2 services that are using previous user accounts and reenter the new db2admin user account into these services.

Lastly, you need to grant file system rights to the DB2ADMNS and DB2USERS groups. Go to the DB2 installation directory (e.g. C:\Program Files\IBM\SQLLIB) and right lick on it and select Security tab. Remove the 2 invalid accounts and add the DB2ADMNS and DB2USERS groups and give them full control rights with propagation, in my case.

Now, you can peacefully start your DB2. Thank god!


Friday, December 26, 2008

Value at Risk Construction at a Glance



It is so easy to compute this number and even easier to let it strew up decision makings. Value at Risk definitely a double edged blade.



Wednesday, December 24, 2008

Do patients trust doctors too much?





Eddy said: Darn true. But what to do? That industry is like a total black box to patients who usually rely on a hunch or words-of-mouth to decide which practitioner to be engaged with and putting their life at stake. This sucks and we do heard lots of bad stories like money-minded doctors who tell patients to go for surgery regardless of whether it is absolutely necessary or maybe there's exist better alternative. Anyway, nonetheless, the health care system in Malaysia sucks too.

Knowledge is power. Who doesn't know that. The issue lies at the information asymmetry that makes the profession profitable in a maximum sense.


By Pauline W. Chen, M.D.

When a doctor friend of mine recently heard a radio ad for a Web site where patients could rate their doctors, he almost drove off the road.

"I can't believe they've added doctors to the list," he said of the site, Angie's List, perhaps best known for its user-generated report cards on local contractors. "Why do patients want to assess my relationship with them in the same way they evaluate a roofing job?" he asked, shaking his head over what he interpreted to be more evidence of the disintegrating doctor-patient relationship.

I agreed with my friend and, not long after our conversation, curiosity piqued, I paid for a subscription to the site.

The pages seemed to overflow with information. There were reviews of roofers, childcare providers, dog walkers and tattoo and piercing shops. One of the newest and most popular categories was doctors, where reviewers could grade their doctors by answering the site's specific questions and elaborate with additional comments.

Doctors, like every other business, service, and facility listed, were evaluated using the same generic report card. Everyone received a grade for each of five categories — price, quality, responsiveness, punctuality, and professionalism — as well as an answer to the all-important bottom line question: Hire again?

So much for Marcus Welby, I thought, after going through a couple of the reviews.

But the more I read, the more I realized that there was a correlation between good grades and attentiveness. Reviewers gave less-than-passing, and even failing, grades to those physicians who seemed rushed, brusque or distracted; and they uniformly gave "A's" and "B's" to doctors who were warm, concerned and focused.

Even more could be gleaned from what went unsaid. Amongst the many comments I read, I found almost no mention of a doctor's actual medical skill.

That was not the case with roofers, for example, where in addition to grades, reviewers' comments offered great specifics — and even photographs — regarding the quality of the handiwork, the types of supplies used and the aesthetics of the finished product. All the detailed commentaries fleshed out each company's final grades, and it was easy to get a pretty good sense of an individual roofer's skill and craftsmanship.

With doctors, however, there were no detailed descriptions of medical skill beyond the overall grade. Instead, the playing field seemed oddly level. One surgeon, it appeared, could operate much like another; pediatricians and internists could diagnose and manage with similar abilities; and obstetricians could deliver babies regardless of shape, size, or form. All doctors, whatever their grades, seemed to possess similar and interchangeable skills that they could then apply to you. You just might not like the way they treated you in the process.

I found this extraordinary degree of trust astonishing. When I look for a doctor, of course I am concerned about how that doctor relates to me as a patient. But there are a whole host of other issues I consider as well, such as the physician's training, board certification, experience, membership in a respected professional society, safety records and hospital affiliations. And I admit that I don't feel comfortable as a patient in another doctor's hands until I learn the answers to at least some of my questions.

But as it turns out, most patients don't feel the same way. And many of them are just as trusting when it comes to treatment specifics.

Earlier this year, the American College of Surgeons, the national scientific and educational organization of surgeons, conducted a nationwide survey that found that the average patient devotes an hour or less to researching his or her surgery or surgeon. While prospective patients worry about the costs or complications of an operation, they don't necessarily look for information that would address their concerns.

In fact, more than a third of patients who had an operation in the last five years never reviewed the credentials of the surgeon who operated. Patients are more likely to spend time researching a job change (on average, about 10 hours) or a new car (8 hours) than the operation they are about to submit to or the surgeon who wields the knife. And many patients are satisfied with the answers they receive from their surgeon or primary care doctor, whoever those individuals happen to be.

I was intrigued by the survey, so I called Dr. Thomas Russell, executive director of the American College of Surgeons. "There is a tendency, probably more so now than in the era of Marcus Welby, for patients not to get particularly involved and not to feel compelled to look into their surgery or surgeons," he told me.

There are consequences to that kind of blind trust. "Today, medicine and surgery are really team sports," Dr. Russell continued, "and the patient, as the ultimate decision maker, is the most important member of the team. Mistakes can happen, and patients have to be educated and must understand what is going on."

Dr. Russell has made it part of his personal mission to educate patients and recently wrote a book, "I Need an Operation...Now What? A Patient's Guide to a Safe and Successful Outcome," as a response to the survey. "Patients and their families need to be armed with the fortitude and the right questions in order to find the best doctors for their problems," he said.

In other words, a healthy doctor-patient relationship does not simply entail good bedside manners and responsible office management on the part of the doctor. It also requires that patients come to the relationship educated about their doctors, their illnesses and their treatment.

"If we are truly going to reform the health care system in the U.S.," Dr. Russell said, "everybody has to participate actively and must educate themselves. That means doctors, nurses, other health care professionals, lawyers, pharmaceutical companies, and insurance companies. But most of all, it means the patient."

Trust is important. But as Sir Francis Bacon, who was among the first to understand the importance of gathering data in science, once observed, knowledge is power.

Tuesday, December 23, 2008


The stock market will fluctuate.
~ J.P. Morgan, when asked what the market was going to do




Monday, December 22, 2008

Shave-vy Babe Shave

I usually shaved using disposable shaver (Roughly MYR1.00 per shave) or a typical shaver (Roughly MYR20 per 3 blades). Over the years, I tend to have periods of time when I didn't shave due to some excuses like out-of-money, laziness to buy shavers or simply don't have the time to shave. Man with beards looks muscular right? :)

Mrs. Nerdy gave me this set of Panasonic devices. An eletrical shaver and a hair trimmer. MYR188 for both of it and a free Olympic 2008 key chain too.



Not bad the feeling of using the brand new shaver. The experiences of using the hair trimmer to trim my nose hair is particularly interesting and worth highlighted. At the first time, it was not easy to convince myself to put the trimmer into my nose. The sort of feeling was kinda weird. Then when you turned it on, you can feel slight vibration when the trimmer is trimming the stuffs. Another weird sensation :p.



Specification of the devices

ES-4036S - Shaver
Independently floating double head
Fast 8,800rpm motor
Charging status lamp
Pop-up trimmer
1 hour charge
36 min operating time

Trimmer:
Cord/cordless operation
Universal voltage
ER-412NP
R-shape rounded blade
Washable
Battery operated (1 X AA)



Sunday, December 21, 2008

Typical Nerd in atypical Action - Fixing Sliding Windows





7 hours! That's the time that I took to fix 2 sliding windows rolling problem. The whole windows consists of 3 sliding window, i.e 3 movable compartments and apparently 2 out of 3 of it were unable to slide a.k.a roll. This problem already exists for roughly 12 months and I never got the mood or interest to do-it-yourself repairing until today when I was like kinda hand-itchy and forcefully "slide" one of the window and you know what happened? That window ran out from its' rail. What the heck! It's time for a nerd to rescue THE world again.

I got totally no prior experience on this sort of fixing exercise and thus I made the first mistake, which was taking the entire compartment out and put it on a table and did my Jeffersonian-style skeletal analysis. Geez.

Basically that compartment is made of a big piece of tinted glass where edges are surrounded by protective rubbers, with top and bottom fixed aluminium parts and removable left and right aluminium parts. There are 2 rollers under the compartment and one of it spoiled, so I get Mrs. Nerdy to go out and get a replacement while I continue my works.

O ya, by the way the compartment is kinda heavy, at least for a nerd standard.

Lesson learned #1: If you just need to fix the rolling problem caused by roller out-of-sync from its rail, do not remove the entire compartment.

Mrs. Nerdy came back with a new roller compartment (Tiny accessory. Shouldn't cost a bomb I guess) and now my job is to put all the things back in place.

I tighten all the nuts and movable parts on the compartment and tried to put the compartment back to its' original location. Hit another bumper. No extra space for me to "squeeze" the compartment in. Apparently the height of the left and right movable parts are taller the height above the rail, thus no way to put it in with these parts attached.

Lesson learned #2: Don't attach the left and right parts first. Make sure you can put the compartment back to its' rail, then you can attach the parts.

When everything seems fine and I'm gonna to proceed to the final chapter. Shoot. the roller part was misaligned with the holes for screwing the nut between the bottom part and the side movable part. Getting frustrated here. I tried many ways to align them but yet failed miserably and Mrs. Nerdy starting to get impatient and "threaten"
to get external helps from so-called professional (Ya right).

Finally managed to do the alignment by using a steel wire and some hardware to maintain the constant height for the alignment.

Lesson learned #3: Need a better way to do the parts alignment. I'm curious how those seasoned repairer do this task.

By the way, there is a screw on the roller and you shouldn't tighten it at first. Do the installment first then you can tighten it to suit your window rail.

Lesson learned #4: Tighten the roller's screw after the installation.

Yeah. I installed the first compartment and started the works for the second one. The job gets easier once you got some experiences from the first one.

Yeah again. I installed the second one.

And shoot, I unwillingly yelled. There is sequence to follow when installing the compartments due to the fact the the compartments come with metal hook to lock each other when you close the entire windows. Geez.

Lesson learned #5: Check compartment installment sequences before do anything.

Hey, I don't have the comprehensive administration guide to study. So what.

As a workaround, you can temporarily remove one movable part of the affected compartment, arrange them properly and put back the part.

Done. Everything is in sequence and ROLL.

Lastly, make sure that when you close all the compartments, the intended locks actually work. For my case, some how the lock parts were misaligned, thus unable to lock one of the compartment. This is due to the fact that the rubbers enclosed the edges of the compartments were not properly adhesive to the glass.

Easy workaround. Take a hammer and knock on the sides of the compartments until the desired spaces are produced.

Lesson learned #6: You need a hammer.

Phew. What a day.











Top Blogs

Friday, December 19, 2008

Wildlife experts ponder gender of Santa's reindeer



LUBBOCK, Texas – There may be a perfectly good reason why Santa doesn't get lost on his annual Christmas globetrot: His flying reindeer just might be female and don't mind stopping for directions.

The gender of Rudolph and his or her sleigh-hauling friends — the subject of goofy Internet chatter every year around this time — is now being pondered by renowned wildlife experts at Texas A&M University.

"Santa's reindeers were really females, most likely," said Alice Blue-McLendon, a veterinary medicine professor specializing in deer who cites the depictions of Santa's helpers with antlers as the primary evidence. It turns out reindeer grow antlers regardless of gender, and most bulls typically shed their fuzzy protrusions before Christmas.

But Santa's sleigh helpers might also be castrated males, known as steers, said Greg Finstad, who manages the Reindeer Research Program at the University of Alaska Fairbanks.

Young steers finish shedding their antlers in February and March, just as non-expecting females do. Bulls generally lose theirs before Christmas, while expectant mothers retain their antlers until calves are birthed in the spring. This allows them to protect food resources through harsh weather and to have enough for developing fetuses, he said.

Sledders most often use steers because they maintain their body condition throughout the winter, he said. Bulls are tuckered out from rutting season when they mate with as many as a dozen females in the months leading up to December. That leaves them depleted and too lean to pull a sleigh or sled through heavy snows, Finstad said.

Many females are pregnant after rutting season, which lasts from summer and into the fall. That would mean long hours of backbreaking work for an expecting Rudolph, as well as Donner, Blitzen, Cupid, Dasher, Dancer, Prancer, Comet and Vixen.

"You don't hook up your pregnant females to a sled," Finstad said. "That is not good animal husbandry."

But other aaspects of the Christmas story support the all-girl sleigh team theory, Blue-McLendon said.

For example, would a boy reindeer really sport a shiny red nose that almost glows?

"Females like accessories," said Blue-McLendon, who in 2003 led the school's cloning of a white-tailed deer. "I think that fits because females like bling. We like shiny stuff."

As for the reindeer games, forget the rough antler-smashing stuff. Blue-McLendon suggests a female Rudolph would be more up for "games of wit."

And as for the name, Rudolph could certainly still work.

"Why not?" Blue-McLendon said. "I know women named Charlie."



Keeping Ponzi Out Of Your Portfolio




By Carrie Coolidge

How do you protect your assets from a Madoff-style disaster? Here are some protective measures.

The multibillion-dollar Madoff mess proves one thing: Even the most sophisticated of investors are susceptible to fraud. It also proves that relying on highly paid financial advisers or the Securities and Exchange Commission won't protect you from getting ripped off.

Madoff's alleged $50 billion Ponzi scheme had the appearance of being a legitimate operation. Until recently, Madoff was paying dividends, sending out monthly statements and fulfilling withdrawal requests. It wasn't until early December when he admitted to having requests from clients for approximately $7 billion in redemptions that the Ponzi scheme started to collapse. Madoff simply didn't have the funds to meet those obligations. The jig was up.

In the case of Madoff, investors turned a blind eye to due diligence that could have been done. "Sometimes the bigger someone is, the less vetting people do," says fraud expert S. Gregory Hays, managing principal, Hays Financial Consulting. "Investors sometimes assume that someone else did their homework." And in the case of Madoff's scheme, the multitude of seemingly sophisticated investors and accomplished business people--from Mortimer Zuckerman to HSBC (nyse: HBC - news - people ) and Groupo Santander--no doubt lent credibility as Madoff expanded his ponzi.

For most investors the best way to keep a Ponzi out of your portfolio is to follow the common sense rule of "if something sounds too good to be true, it probably is." It also is best to ask lots of questions and beware of any potential investment or adviser that is overly secretive in terms of explaining investment strategy.

In the case of Madoff, it was difficult to rely on publicly available information to discover that a fraud might have been taking place, since little was available. "There were no lawsuits or claims that he was defrauding people," says Kenneth S. Springer, former special agent of the Federal Bureau of Investigation who is now a certified fraud examiner and president and founder of New York-based Corporate Resolutions.

The one red flag that might have raised suspicions was the fact that Madoff used a tiny accounting firm in New City, N.Y., Friehling & Beware the bear market rally. Click here for Gary Shilling's toolkit for navigating through the financial crisis, yours when you try Insight.
Horowitz, to do his accounting. "Someone who claims to have billions in assets under management would normally use a bigger accounting firm like Ernst & Young, PricewaterhouseCoopers, Deloitte Touche or Grant Thornton," says Springer.

Of course the best way to discover a sophisticated scheme would be to hire someone to do on-site financial due diligence. Sometimes, large, institutional investors are even allowed to do surprise audits. "You would want to look at the trading and see what kind of transparency was there to see where the money was really being invested, too," says Springer. "Had people done that, many wouldn't have been satisfied with what they would have found out, and they would have walked away." Investors could have also hired an investigator to examine and interview the prime broker and administrators, he adds.

The housing market crashed, banks went under, and now it's bailout time. Think the problems have passed? Think again, before you invest.

While smaller investors and charitable organizations often don't think about due diligence before making an investment, it is something all should be thinking about going forward. "A lot of smaller investors get suckered because they don't want to spend a lot of money vetting someone," says Springer. Yet a thorough background check costs only $2,000 to $3,000.

According to the experts, many Ponzi victims actually have an inkling that they have invested in a scheme but don't do anything until it is too late. "There are always a number of people who call me up after a Ponzi scheme unravels to say they knew it was a fraud," says Hays. "It is amazing they see the red flags and do nothing about it. Their gut tells them that there is something wrong, but even then they don't go back and do the proper due diligence."





Wednesday, December 17, 2008

Some History to be remembered

Eddy said: I'm not sure how many Malaysian out there old enough to recall financial incidents that happened in the past 20 years? Ya, you might remember the Asian financial crisis 1997, Japan financial crisis 1989, US black monday 1987, Russia Default 1998 and many more, but particularly you do need to remember 1992-1993 Bank Negara Malaysia (BNM) jokes with the country's money. When too much power is placed under a single authority entity, usually the entity strew itself up and dragged the comrades down together to the den of burning hell fire.

The situation in Malaysia is persistent enough to allow many of these disasters to haunt us, the pityful and powerless people, again and again. I hate to repetitively say this in my blog, but transparency is too important in order for us to move towards a better Malaysia. Specifically, we must keep a bigger eye on GLC companies, on government agencies and people high up in the authority to ensure proper control and procedures.

Read up the following articles/pages to understand 1992-1993 BNM loss making bets.

Lim Kit Siang - The BNM RM30 Billion Forex Losses

Forays into forex: Bank Negara's RM9.3b loss


Wiki: BNM



Top Blogs

Tuesday, December 16, 2008

George W Bush fends off shoes in new viral computer game



By Claudine Beaumont

Bush's Boot Camp: George W Bush fends off shoes in new viral computer game
An Iraqi journalist's shoe-throwing attack on George W Bush has been immortalised in an online video game called Bush's Boot Camp
Bush's Boot Camp: George W Bush fends off shoes in new viral computer game
In the game, players take on the role of an armed secret service agent who has to shoot shoes out of the air

Players of Bush's Boot Camp take on the role of a gun-toting security agent, and must shoot shoes out of the air before they can hit the hapless president.

Television reporter Muntadar al-Zaidi was tackled to the ground by Secret Service personnel yesterday after he started to throw his shoes at Geroge W Bush during a press conference in Iraq. The footwear missed the president, who ducked just in time, but Mr Zaidi was bundled from the room yelling: "This is a farewell kiss, you dog," at the President.

Footage of the attack has already been viewed more than half a million times on video-sharing site YouTube, and the viral computer game is proving popular with internet users.

"If you watch the video clip, the Secret Service don't move to protect the President until the second shoe has been thrown," said Sadi Chishti, managing director of T-Enterprise, the Glasgow-based company behind the computer game. "We're hoping the agents will use this game as a training aid for future footwear attacks on world leaders."

Players use their mouse to aim the crosshairs of their gun and fire their weapon. President Bush loses "health points" every time he is accidentally shot, or hit with a shoe, and the game ends when his health meter reaches zero.

For President Bush, who leaves office on Jan 20 when President-Elect Barack Obama is officially inaugurated, the shoe-throwing incident is the latest in a long line of gaffes, errors and unfortunate incidents that have marked his time in the White House. Mr Bush famously choked on a pretzel while watching an NFL American Football match between the Miami Dolphins and Baltimore Ravens. and fell off a Segway electric scooter. He also observed a military display through a pair of binoculars that still had their lens cap on.

T-Enterprise has a track record for developing funny viral games based on newsworthy events. Shortly after the disastrous opening of Terminal 5 at Heathrow Airport in April, it launched a game in which players controlled a cartoon version of Willie Walsh, British Airway's chief executive, to collect baggage, scan it in the x-ray machine, and then load it on to the conveyor belt while avoiding rogue luggage trolleys. In March, it released a game in which players helped Heather Mills collect the £24.3 million settlement she won following her divorce from Sir Paul McCartney by throwing water around a courtroom, while in September, it pitted Alaskan polar bears against US vice-presidential candidate Sarah Palin, in a game that criticised the Alaskan governor's environmental record.




Top Blogs

Low carb diets 'can cause memory loss'


Scientists found that dieters who cut out high energy foods such as pasta, bread and potatoes could end up starving their brain of the fuel it needs to function properly.

Their study on women aged 22 to 55 showed that those on a low carbohydrate meals suffered impaired memory function after just one week.

Psychology professor Holly Taylor, of Tufts University, Massachusetts, said that when carbohydrates were re-introduced the women's mental function returned to normal.

She added: "This study demonstrates that the food you eat can have an immediate impact on cognitive behaviour. The popular low-carb, no-carb diets have the strongest potential for negative impact on thinking and cognition."

The reason for the women performing poorly in the memory tests is because the brain uses glucose, which is obtained from carbohydrates in food, for fuel.

It cannot store the glucose, so a low carbohydrate diet means less fuel to power the brain cells. In the study, participants included 19 women who were allowed to select either a low-carbohydrate diet or a "low-calorie, macronutrient balanced diet." Nine women chose a low-carbohydrate diet.The others selected low-calorie meals.

All the dieters were tested for "cognitive skills" including attention, long-term and short-term memory, visual attention, and spatial memory which helps with everyday tasks and details about surroundings.

Low-carb dieters "showed a gradual decrease on the memory-related tasks compared with the low-calorie dieters". Their reaction times were also slower. However, they did do better on short-term attention tests.

Professor Taylor said: "Although the study had a modest sample size, the results showed a clear difference in cognitive performance as a function of diet.

"The data suggests that after a week of severe carbohydrate restriction, memory performance, particularly on difficult tasks, is impaired. It suggests that diets can affect more than just weight.

"The brain needs glucose for energy and diets low in carbohydrates can be detrimental to learning, memory and thinking." The findings will appear in the February 2009 edition of the journal Appetite.



Top Blogs

Monday, December 15, 2008





All of life is the management of risk, not its elimination.

~ Walter Wriston, former chairman of Citicorp.




Sunday, December 14, 2008

Value at Risk's Formula At a Glance

Eddy said: A summary of some prominent approaches to VAR. There are more out there. Basically VAR approaches can be broadly classified into 2 types: Local Valuation and Full Valuation. Full Valuation VAR includes Monte Carlo and Historical Simulation whereas Local Valuation covers Factors Methods and Diagonal Methods.




Linear VAR, Full Valuation VAR, Delta VAR, Delta-Normal VAR, Delta-Gamma VAR, Monte Carlo VAR, Historical Simulation VAR.




Top Blogs

Saturday, December 06, 2008

Planning a Profitable Project - Part One

I just returned from my cousin's wedding dinner. Usual ceremony, same "rituals" and some idiosyncratic highlights during the event of course. Best part of it was I unexpectedly met some old school friends like Bryan Gan, Yau Chong and Alex. It's being really long time since I last spoke to them. One good thing about attending a wedding dinner huh, :)

The main thing I want to say in this post is about defining a wedding as a project, more specifically a Profitable Project. You may already heard from many of your relatives, friends and colleagues who got married about making a handsome monetary gain after helding up their wedding dinner. The myth is "Is it really that easy to make a profit out of it?"

There are some fundamental issues when you try to figure out the answer for this question. First of all, we don't have the luxury of historical data at our disposal to support our arguments. Even if the data do exists, it may be difficult to obtain approval to access them because couples want to keep them private and confidential. Common data quality issues definitely will cripple your analysis.

Nonetheless, you still can manage your wedding like a project. A project is restricted by all kinds of constraints as outlined in the PMBOK, mainly time, cost and resources constraints. Making estimations in this case is not easy since most of us don't have prior experiences in projects of such natures nor we have access to quality past projects information from other parties. This constitutes a significant project risk and it must be mitigated by having a robust plan and effective communications between all the project stakeholders to ensure that their expectations are aligned.

Assuming ideal scenario after the project completion, we don't need to perform the project again in our lifetime. By standing still with this critical assumption, we must define our profitability KPI. What will be the reasonable achievable profit target? 10% from the project budget? Maybe 20%?

You can perform the normal NPV, IRR and ROI analysis on your forecast cashflows but the analysis must not include benefits too far into the future because such inclusions might distorts your analysis and you might be tempted to allocate unnecessarily more money to finance your wedding. Be realistic and pragmatic.

Draw a gantt chart to identify your WBS and make sure that the gantt chart is updated from time to time. Keep an eye on milestones and critical paths to avoid possible pitfalls in your plan.

Ok, enough for now. Not sure when I will have the mood to write Part Two. :p


Wednesday, December 03, 2008

Portfolio B @ 03-December-2008





Eddy said: Deeply Holiday Mood. Sien (Meaning darn bored) because can't escape from routinary responsibilities. Vacation... Vacation... Vacation...


Transaction Costs are excluded.

3300 unit of Pelikan
Avg Buy Price = RM 1.77, Market Price = RM1.04, Unrealized Gains/(Losses) = (RM2409)

10000 unit of IPower
Avg Buy Price = RM0.190, Market Price = RM0.125, Unrealized Gains/(Losses) = (RM650)

Realized Profit/(Loss)
1. Uchitec (RM340)
2. IPower (RM300)

Note:
Bought 300 unit of Pelikan @1.05




Wednesday, November 26, 2008

Maybank and CIMB reduce lending rate



Eddy said: I got a few loan originated by Public Bank Berhad (KLSE:PBBANK) and disappointed by the bank lack of responses to BNM reduction in OPR. Drop or not drop? Cakaplah. Kononly one of the efficient bank in the region, aiks.


It is in line with Bank Negara’s move to lower the OPR

KUALA LUMPUR: Malayan Banking Bhd and CIMB Group have reduced their base lending rates (BLR), effective from Dec 1, following the move by Bank Negara to lower the overnight policy rate (OPR).

Maybank said yesterday it had reduced its BLR by 25 basis points from 6.75% to 6.5% effective Dec 1.

Maybank Islamic Bhd’s base financing rate (BFR) would also be revised downward by 25 basis points from 6.75% to 6.5% effective Dec 1.

CIMB Group said CIMB Bank Bhd and CIMB Islamic Bank Bhd would reduce both their BLR and BFR by 25 basis points to 6.5% with effect also from Dec 1.

The two banking groups said their decision was made following Bank Negara’s move to lower the OPR by 25 basis points to 3.25%.

“It is a decisive step to the advantage of our borrowers as well as a means to spur economic and business growth for the various sectors,” Maybank’s president and CEO Datuk Seri Abdul Wahid Omar said.

He added that Maybank and Maybank Islamic would continue to review the market environment and provide customers more financial support in these difficult times.

CIMB Group’s group chief executive Datuk Seri Nazir Razak said the banking group decided to pass on the full benefit of the OPR reduction to its customers.

“This full pass-through of Bank Negara’s OPR reduction will help existing borrowers and also potential borrowers to contend with an environment of sharply moderating economic growth,” Nazir said in a statement.

“We continue to also welcome borrowers to engage us if they need to restructure their payment schedules.”

Nazir said CIMB Islamic also plans to provide more attractive Islamic financing rates to pass on the benefits of ample liquidity in the Islamic banking market.

Customers can expect to pay lower rates for Islamic financing compared to conventional loans at CIMB Group, he added.

Despite the lower lending rates, CIMB Bank and CIMB Islamic deposit rates remain attractive at up to 3.5% per annum, Nazir said in the statement.

The Association of Banks in Malaysia said Bank Negara’s decision to cut the OPR would lead to a lower cost of funds for banks.

The lower cost of funds would in turn reduce the cost of borrowings for consumers, the association said in a statement.

The association’s chairman, Datuk Seri Abdul Hamidy Abdul Hafiz, said: “Bank Negara Malaysia’s move to cut the statutory reserve requirement for banking institutions from 4% to 3.5% effective Dec 1 will also inject greater liquidity into the banking system, lower cost of funds and promote lending activities as the move will effectively increase the lending capacity of the banks.”

Earlier, Wahid said the banking group intended to open nine more branches in the next three years in Cambodia to strengthen its presence in regional markets.

Maybank has two branches in Cambodia and plans are in the pipeline to open one more early next year, he said at the launch of an electronic deposit system.



Portfolio B @ 26-November-2008



Transaction Costs are excluded.

3000 unit of Pelikan
Avg Buy Price = RM 1.85, Market Price = RM1.08, Unrealized Gains/(Losses) = (RM2310)

10000 unit of IPower
Avg Buy Price = RM0.190, Market Price = RM0.140, Unrealized Gains/(Losses) = (RM500)

Realized Profit/(Loss)
1. Uchitec (RM340)
2. IPower (RM300)

Note:
Bought 200 unit of Pelikan @1.08
Again. Bought 300 unit of Pelikan @1.08


Monday, November 24, 2008

Bank Negara reduces OPR to 3.25%

Eddy said: Although their reaction is kinda slow, this is a good start to a series of rate cuts and save-the-market-save-the-world efforts.


KUALA LUMPUR: Bank Negara has decided to reduce overnight policy rate (OPR) by 25 basis points to 3.25% as a pre-emptive measure to provide a more accommodative monetary environment.

In a statement issued on Monday, it said the ceiling and floor rates of the corridor for the OPR were correspondingly reduced to 3.50% and 3% respectively.

Bank Negara said the decision was made at the monetary policy committee (MPC) meeting.

The central bank said given the heightened downside risks to growth and the diminishing inflationary pressures, the reduction in the OPR was a pre-emptive measure to provide a more accommodative monetary environment.

To further reduce the cost of intermediation, the MPC also decided to reduce the Statutory Reserve Requirement (SRR) from 4% to 3.5%, with effect from Dec 1, 2008.

“Going forward, the global economic and the international financial conditions are expected to continue to remain volatile and uncertain.

“Bank Negara Malaysia will monitor closely the evolving developments and will undertake the appropriate policy response to avoid a severe economic downturn,” it said.

For more details, go to www.bnm.gov.my



Thursday, November 20, 2008

HOI, Bayar LAH


Malaysia Government not paying petrol subsidies

By ROYCE CHEAH


KUALA LUMPUR: The Government has stopped paying petrol subsidies since the beginning of this month due to lower global oil prices, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said.

“The savings on petrol subsidies next year is expected to be more than RM10bil if oil prices remain stable,” he told reporters at the Parliament lobby yesterday.

Shahrir said that at US$65 (RM235) per barrel the Government would not be paying subsidies and that the focus now would be on deciding whether to set a floor price or figuring out a way for the Government to get some income from the sale of petrol.

“Even with petrol retailing at RM2 per litre, we are not paying any subsidy. We have actually arrived at a time when the price can return to RM1.92,” he said.

“In that context, we hope to be able to set a policy to address this when the National Eco­nomic Council meets next. There must be a decision made on what the floor price should be.”

Shahrir said that for six months from September 2001 to February 2002 the Govern­ment had collected taxes from the retail sale of petrol but had stopped that practice since then.

“Earlier announcements of how much the subsidies cost us, even as recent as 2005 or 2006, always included how much we had foregone in terms of taxes.

“We have stopped doing this, however, and just focused on how much subsidy we are paying,” Shahrir said, adding that the Government was now enjoying some revenue due to the difference in the ex-refinery price and the price oil companies sold petrol to station operators.

He added that the revenue being taken now was a form of tax that could max out at 60 sen per litre.

Shahrir also released information on the amount of fuel subsidies paid so far, which have amounted to RM15.57bil as at the end of October.

Fuel subsidies last year cost the Government RM16.18bil.

The fuel subsidies in October amounted to RM610mil, compared with RM2.99bil in May when oil prices peaked at over US$120 (RM432) per barrel.


Monday, November 17, 2008

My Portfolio B @ 17-November-2008



Eddy said: Don't feel pumping in more monies into Portfolio B, I did a swap between 6000 unit of IPower and 700 unit of Pelikan and took a RM300 loss based on my sold price of IPower. Boring week.


Transaction Costs are excluded.

2500 unit of Pelikan
Avg Buy Price = RM 2.00, Market Price = RM1.17, Unrealized Gains/(Losses) = (RM2075)

10000 unit of IPower
Avg Buy Price = RM0.190, Market Price = RM0.140, Unrealized Gains/(Losses) = (RM500)

Realized Profit/(Loss)
1. Uchitec (RM340)
2. IPower (RM300)

Note:
Sold 6000 unit of IPower @0.14
Bought 700 unit of Pelikan @1.18



More using debit cards in Malaysia

Eddy said: This phenomenon has everything to do with the marketing efforts of banks. Standard Chartered, for instance, promotes their eSaver debit card by giving away
7% rebate on petrol charges and a higher than the norm deposit interest rate. See? Cash is king now.


KUALA LUMPUR:

MORE and more people are using debit cards in Malaysia to make payment, MasterCard vice president and senior country manager (Malaysia and Brunei) Jim Cheah revealed today.

“There is huge potential for the usage of debit cards in Malaysia.

Consumers are starting to use debit cards,” Cheah said at a media briefing on the MasterCard debit card here.

On the advantages, he said the debit card was more convenient and secure than carrying cash, offered better financial control to the cardholder and came with worldwide acceptance.

He also said that markets like Australia, the United States, Taiwan and parts of Europe, the debit transaction volume was higher that credit card transactions.

On the MasterCard debit card in Malaysia, Cheah said six local banks had already introduced the debit products in the Malaysian market, which could be used at automated teller machines (ATMs) for cash, transfer or account information.

The debit card is currently available at Affin Bank, Alliance Bank, EON Bank, Public Bank, RHB Bank and Standard Chartered Bank.

According to Cheah, MasterCard is in the forefront of innovation, creativity and cutting-edge technology, leading debit as the payment tool for the future.


Jackson's Neverland ends



POP's Peter Pan, Michael Jackson, has lost his fantasy Neverland mansion due to massive debt.

The controversial pop star, who created his fantasy escape on the sprawling central California ranch at the height of his fame in 1988, has transferred ownership of the property to a company that he owns jointly with the private equity firm which took over his $US24.5 million ($A38.4 million) debt on the property in May.

According to the Santa Barbara County Assessor's Office, Jackson sold the property for $US35 million ($A54.86 million).

Neverland will be renamed Sycamore Valley Ranch in an effort to revamp its image, tinged by the negative press surrounding Jackson's child molestation trial, which ended in his acquittal in 2005, website TMZ.com reported.

Jackson built a mini amusement park on the 1,100ha property, and invited thousands of children to play there before his trial. He has not lived there since his acquittal.

Colony Capital, which bought Jackson's loan after he missed several payments, also owns numerous Las Vegas properties including the Las Vegas Hilton.

The sale of Neverland to the company has fuelled reports that Jackson has signed on to perform his own headlining show in the city.





Sunday, November 16, 2008

Kay Tse 謝安琪 - 囍帖街



囍帖街
作曲/編曲: Eric Kwok
作詞: 黃偉文

忘掉種過的花 重新的出發 放棄理想吧
別再看 塵封的喜帖 你正在要搬家

築得起 人應該接受 都有日倒下
其實沒有一種安穩快樂 永遠也不差
就似這一區 曾經稱得上 美滿甲天下
但霎眼 全街的單位 快要住滿烏鴉
好景不會與日常在 天梯不可只往上爬
愛的人 沒有一生一世嗎 大概不需要害怕

忘掉愛過的他 當初的喜帖金箔印著那位他
裱起婚紗照那道牆及一切美麗舊年華 明日同步拆下

忘掉有過的家 小錚沙發雪櫃及兩份紅茶
溫馨的光境不過借出到期拿回嗎 等不到下一代 是嗎

忘掉砌過的沙 回憶的堡壘
剎那已倒下 面對這 墳起的荒土 你註定學會瀟灑
階磚不會拒絕磨蝕 窗花不可幽禁落霞
有感情 就會一生一世嗎 又再惋惜有用嗎

忘掉愛過的他 當初的喜帖金箔印著那位他
裱起婚紗照那道牆及一切美麗舊年華 明日同步拆下

忘掉有過的家 小錚沙發雪櫃及兩任紅茶
溫馨的光境不過借出到期拿回嗎

終須會時辰到 別怕 請放下手裡那鎖匙 好嗎


Monday, November 03, 2008

Portfolio B @ 03-November-2008

Eddy said:

US election is coming! I can't believe that I care more about some foreign country political issue than our own maybe becaue the outcome of it do affects the world economy. I do hope Obama become the president although I believe that it might be harder than expected because common sense tells us that the power of fear is at least 5 times magnitudes than the power of hope. Obama gives US citizen a fresh bleeze of promised better future but apparently "skin color" issue is still a debatable one. Let's see how it will goes.

Malaysia market? The outlook is still negative, nothing to whine about. My portfolio B losses ranged between 40% to 50%, mainly attributed to the recent sell down activities by Goldman Sachs' stakes in Pelikan. Fund Redemptions? Most likely.

It's November now, one month to go for Christmas and soon going to be year 2009, hopefully a better year ya.


Transaction Costs are excluded.

1800 unit of Pelikan
Avg Buy Price = RM 2.33, Market Price = RM1.19, Unrealized Gains/(Losses) = (RM2052)

16000 unit of IPower
Avg Buy Price = RM0.190, Market Price = RM0.135, Unrealized Gains/(Losses) = (RM880)

Realized Profit/(Loss)
1. Uchitec (RM340)

Note:
Bought 200 unit of Pelikan @1.21 Today.



Sunday, October 26, 2008

Bill Gates Has Started a New Company, bgC3

Bill Gates has started a mysterious new company, called bgC3, possibly to be focused on creating catalyst business ideas to spin off to Microsoft, the Gates Foundation or elsewhere. Little is known about the company, which doesn't appear to have a public web page, but a fair number of details have been ferreted out by the Seattle area tech reporters Todd Bishop, Eric Engleman and John Cook.

The three well-known tech and venture capital writers posted the story to launch their new tech blog TechFlash. It's a sweet scoop by a group of former mainstream reporters bravely striking out into the blogosphere.

TechFlash says that "whatever the ultimate role of the company, the circumstances surrounding its creation provide a behind-the-scenes glimpse into the new era of Gates' life." The company has a federal trademark as a think-tank and is classified under broad terms that include "scientific and technological services," "industrial analysis and research," and "design and development of computer hardware and software."

Sources told Bishop that the small office near Gates' home is filled with high-tech Microsoft paraphernalia, including one of the touch-screen tables used as a guest book.

We're excited to see what Gates does with the company and we'll be watching these top-notch reporters' coverage as it unfolds on their new site.



Bloggers Reminded To Exercise Caution

KUALA LUMPUR, Oct 23 (Bernama) -- Bloggers were today reminded to exercise caution when posting articles as cyberspace was not a licence to write as they wished.

Member of Parliament for Jelutong Jeff Ooi Chuan Aun, a blogger himself, said bloggers must respect the laws of the country so as not to get into trouble.

"New bloggers especially must take note and not get carried away as there is no "absolute freedom" in cyberspace," he told Bernama when met at a forum on blogging organised by the Bar Council here tonight.

"More so in a plural society like Malaysia, care must be taken not to offend the sensitivities of the people. In the borderless world of the Internet, mistakes can be costly," he said, adding that particular care neeeded to be given to sedition laws and those on defamation.

-- BERNAMA



Saturday, October 25, 2008

Portfolio B @ 25-October-2008



Eddy said:

My Portfolio B individual investments losses ranged from 29% to almost 40%. Portfolio B loss is at 33% level.

IPower's trading volume volatility were exceptionally high recently with some million shares involved in off market deals. Looking forward for announcements.

Goldman's stake in Pelikan stood at 8%+ and reducing. Tabung Haji already obtained 30%+ of the Pelikan. Drastic drop of the share price makes privatization and other corporate exerciseS easier if that's what in their minds.

While the Malaysia's government still hypnotizing itself the possible 5% GDP growth in 2009, many of the Asian countries already panicking about recessions and taking more pro-active measures to reduce the possible economic damages. So far, yet no useful actions being taken by BNM.

Like I mentioned in the earlier Portfolio post, the worser the situation in the shortest possible period of time the better we shall see the recovery. Dragging and bragging is NOT the way to go.

Regarding IOICorp involvement in derivatives trading, it's just a common corporate risk management practice to reduce volatility risks if they don't use it as a gambling instruments. But the situation seems so deteriorating that many of the top financial officers in the company resigned, it really put up the impressions of a gambling practice at the back.

AirAsia, Genting and Maybank are highly likely to be in trouble with their skewed level of debts and wrongly timed investments.

Who's said our real property sector is not a busting bubble? We shall see.

Lastly, DIGI and BAT are among counters not YET hitted by the turbulence. Careful, global market risks are not something that can be diverted.


I have added a Crude Oil Price dashboard on the right of this blog for easy access.

Happy Deepavali.


Transaction Costs are excluded.

1600 unit of Pelikan
Avg Buy Price = RM 2.47, Market Price = RM1.57, Unrealized Gains/(Losses) = (RM1440)

16000 unit of IPower
Avg Buy Price = RM0.190, Market Price = RM0.135, Unrealized Gains/(Losses) = (RM880)

Realized Profit/(Loss)
1. Uchitec (RM340)

Tuesday, October 21, 2008

Sometimes it's better to be a defacement

Saw the main page of LowYat.Net turned out to be a kiddie page with a cute white rabbit. Man, it's stinks and reminds me of the act-cute japanese culture that's disgusts me (Anyway there are many bunches of other who loves it). I sincerely pray that it was a defacement rather than a legitimate maintenance notice posted by the administrator. Beauty is in the eyes of the beholder, sure it is.

Rabbits have infested LowYat.Net and unplugged it from the Internet. We will be back after the exterminators arrive. Meanwhile play around in our chatroom.


Saturday, October 18, 2008

Oxford University faces £30m Icelandic bank losses

PA

Oxford University could face losses of up to £30 million which is tied up in Icelandic bank accounts, a spokesman confirmed today.


The university has admitted 5% of its cash deposits are invested in three banks and has now called on the regulator of universities to help solve the crisis.

Oxford is faced with the biggest loss as one of 12 universities across the country that had a total of £77 million in Icelandic accounts.

The money was deposited in crippled institutions Landsbanki, Glitnir and Kaupthing Singer and Friedlander. Some of the cash belonged to its 17 individual colleges, which put their money in a central fund controlled by the university finance committee.

Oxford's director of finance Giles Kerr said that colleges should be assured that the university's cash pool has more than sufficient liquidity to meet their requirements. He also said the university will make every effort to recover deposits in Iceland in full.

Oxford has £600 million in cash deposits and an overall endowment wealth of around £3.4 billion.

Mr Kerr has written to the Higher Education Funding Council for England (HEFCE) urging it to do all in its power to help protect the higher education sector from the impact of the crisis.

He said: "It is important that we get co-ordinated action and I know that HEFCE, DIUS (the Department for Innovation, Universities and Skills) and the Treasury are well aware of the challenges faced by the sector.

"We expect them to do all they can to protect the position of higher education institutions, which are vital to the country's future prosperity."

The university said it has made no Icelandic deposits in the last 18 months and the existing ones were made with institutions with fully assessed and approved creditworthiness.

It added that its policy has been, and remains, to have a wide portfolio of deposits to spread risk, and to review them regularly.

Mr Kerr said: "This is clearly a difficult time across the economy, and no one is immune. However, the finance committee is monitoring the situation closely and we are taking all necessary and available steps."

Oxford University is the latest public body hit by the Icelandic banking crisis.

Around 100 local councils, police forces and hospitals could also lose millions of pounds after investing in Iceland's troubled financial institutions.





Top Blogs

New York official seeks to recover AIG bonuses




By Jonathan D. Glater and Vikas Bajaj

NEW YORK: The New York State attorney general is demanding that American International Group recover bonuses and other payments from its former executives, lest he take formal action against the insurer.

Recently bailed out by the federal government, AIG is afloat only because of billions of dollars in government loans. With more and more taxpayer money committed, lawmakers and others have expressed outrage about high pay in general at financial firms and in particular at some of the perks that have come to light at AIG. The attorney general, Andrew Cuomo, made his demand in a letter to AIG's board, citing "unwarranted and outrageous expenditures" by the company as contrary to New York law. The letter, which described a lavish golf outing and an overseas hunting trip that cost nearly $100,000, follows other recent disclosures of excess by corporate America.

The threat against AIG, which Cuomo announced Wednesday, seeks to recover multimillion-dollar payments to Martin Sullivan, AIG's former chief executive, and Joseph Cassano, who ran the unit blamed for the losses that pushed the company to the brink of collapse.

"AIG's belief is that they had the party, and the taxpayers will have the hangover," Cuomo said, addressing a sidewalk throng of reporters, camera crews and tourists. He added that his office could bring civil charges if AIG did not work to recover big bonuses paid to executives.

His actions are reminiscent of the sweeping attacks on Wall Street by Eliot Spitzer, who was the attorney general before his brief term as governor, which ended in scandal.

U.S. stocks finish lower as Bush urges patience amid more signs of slowdown
Public anger has grown the past few weeks over executive compensation. Lawmakers in Washington last week criticized the $442,000 that an AIG subsidiary spent on a weeklong resort retreat for top sales staff members within days of receiving government aid. The U.S. Treasury Department, in the midst of engineering a multibillion-dollar bailout of the financial industry, has announced that it would limit compensation to top executives whose companies took advantage of federal aid.

"People are outraged that these large businesses have shafted the shareholders - that's why were seeing this," said Kenneth Klee, a law professor at the University of California, Los Angeles. "And rightly so."

An AIG spokesman, Nick Ashooh, said the company had received Cuomo's letter and "will of course fully cooperate with the attorney general's office, and it will get the immediate attention of the board."

Two weeks ago, long before Cuomo's letter was sent, the company began reviewing all expenses and activities, Ashooh added.

Lawyers for Sullivan, who was ousted in June, and Cassano, who resigned in February, did not return calls Wednesday.



Friday, October 17, 2008

What could be wrong with the new Maybank2U.com?


Looks like the team at MBB decided to switch on back their previous version of the site for temporary interim solution while they "fixing" the performance issues. Man, the old one looks so efficient now compared to the new boy.

Well, I read somewhere about the cost of the new site is around MYR5 Million.

Does the new Maybank2U.com value added to the bank? Frankly speaking, I'm not sure because I can't tell what else differentiating the versions besides the intended Web 2.0 facelifts which turned out to be a "plastic surgery" disaster at the moment.

Does the new one supports more transactions per user, per second, per day or per account?

Does it promises a lower total costs of ownership (TCO) over next 5 years?

Can it scale better to support more concurrent transactions or users?

Are users happier? Better user experiences?

Is the Maybank brand stronger?

....

From a pure business point of view, I really need to quantify the costs and benefits of this. Would you pay 40k extra for a new model of Toyota Vios which merely a facelift from last year model? Not me.

The worst case scenario from unnecessary spendings/expenditures is the consumers need to bear the consequences, in other words, the cost is transferred to us!!! Do we still remember the day when MBB almost imposes A RM10 i-forgot-what-kind-of-fee for the usages of Maybank2U.com. Given the current circumstances, I believe the probability of imposing such non-interest fee to us is changed from "likely" to "highly likely".

Sad. 5 Million for this and another 8+ Billion for BII....

Another way, let's jump out from the mud of business conspiracies and make some educated guesses about what could be wrong with Maybank2U.com technically.


1. Hardware Sizing issues
They might have made unrealistic sizing benchmarks using previous version performance data. This might due to underestimation of overhead of selected platforms and methods. This problem is easiest to solve: Plug in more juices would do. More RAM, More CPU and More HDD/Disk Controller, even more cluster members. Of course, care must be taken to identify the bottleneck currently.

2. Networking issues
Related to sizing. Unexpected loads on routers, backbones, swicthes might causes performance trashes. It could also be configuration issues on the networking components that results in erroreous or inundated communication overheads between members in the network.

3. Messaging issues
Not sure what kind of messaging facilities are in used in the environment but the new system might be making some messaging assumptions that are not optimized for the existing messaging infrastructures.

4. Software issues
Web server, application servers, containers and others might need to be further tuned. Design limitations of certain servers/components of the server might be problematic when the system requires more than permitted. For example, some version of application server may be have a 2GB JVM memory limit which could causes performance trouble when the application is badly designed that it requested more than the limit most of the time. Thread pools, Process pools, Block sizes and many other factors may within consideration.

5. Framework issues
SOAP listener ports or any AJAX request receivers must be properly tuned. Apache Struts framework performance enhancing features should be considered. Seggregation of static components and dynamic components of the application in clustered web servers and application servers is recommended. Server Caching facilities can be utilized. Logging facilities and other development stuffs should be turned off to suit production environment.

6. Human issues
Sabotages? Less likely.

Performance issues and troubleshooting after roll-out is usually difficult in the sense that when the team turned on the benchmarking, log tracing, monitoring and diagnostic tools, you can expect a more drastic performance degradation until the point that the system is virtually usable from a user point of view and yet you might be crossing your fingers hoping the true problems are identified.

It is so entertaining to see how a Web 2.0 application (Expensive one too) undresses its pretty covers and shows cast the obstreperous of Web -1.0 and ignites the wrath of peasants.

Good luck and make sure you doesn't miss out a ZERO in my checking account balance.


Portfolio B @ 17-October-2008


Eddy said: Cool. Losing around 25% of the value in my portfolio B in just 1 week. Good, bend with the wind.

Transaction Costs are excluded.

1600 unit of Pelikan
Avg Buy Price = RM 2.47, Market Price = RM1.86, Unrealized Gains/(Losses) = (RM976)

16000 unit of IPower
Avg Buy Price = RM0.190, Market Price = RM0.15, Unrealized Gains/(Losses) = (RM640)

Notes:
Bought IPOWER last week 2000 unit@0.16
Bought PELIKAN yesterday 200 unit@1.90

Realized Profit/(Loss)
1. Uchitec (RM340)


Thursday, October 16, 2008

Maybank2U.com is darn slow

Photobucket

My colleague clicked around the site after login and hitted the exception stack trace.

Monday, October 13, 2008

Sir, a sample please?



If ever we got unlimited monies, processing powers, complete coverages and assuming no constraints at all, we can ignore the idea of sampling since by then doing sampling is like perfoming double works if we can actually work on the population itself.

Down to earth, in every business decision we faced the quintessential requirements to take some trade-offs between many constraints, i.e. budget and time. When deciding on business directions, strategy or even a daily routine task, it is imperative that the person to understand the nature of the problem before formulating a proper solution. To understand the problem in context, usually it involves actions such as monitoring certain characteristics of items, obtaining input from people and etc. If we can do the data gathering on every single item of interest, then we are working directly on the population instead of sampling part of it. Some problems mandate sampling because it is impractical to deal with entire population, if ever it is possible. For example, to find out the average height/weight of asian adult male, it is time consuming and might be impossible to capture the height information from every matched candidates. It may be the case that some of them are hiding somewhere in the jungle and therefore your data is incomplete. In other words, at best efforts, you are only approximating the population, i.e. sampling. Other sampling scenarios include production process control mechanism that check the product characteristics randomly at certain intervals, market research surveys that targeting certain stratum of some geographical locations and anthopological studies.

We now know that a sample is a subset or part of a population and a sampling process is basically drawing that part from that population. By having a representative, non-biased and sufficient sample, we could draw (i.e. infer) conclusions about the underlying population.

In the statement above, it is obvious that the conclusion might be misleading or totally wrong if the sample is "non-representative", "biased" and "insufficient".

So that's why some more complicated sampling techniques other than simple random sampling exists to reduce the effects of some of these, e.g. stratified sampling, cluster sampling and multistep sampling. But for you, just need to remember that all these techniques are just ways to draw items from the population.

Once you have a good sample, the next logical step you might want to perform includes organizing, describing and summarizing the samples quantitatively and graphically. The important milestone in this step is to get a grasp of the sample's probability distribution, i.e. the random variation pattern in the sample. From the probability distribution, you can infer about the population probability distribution. Only by confirming the distribution, you can be sure that your choice of analysis tools are compliant and consistent.

In terms of formal terms, statisticians use the word "statistic" for numerical characteristics of sample and the word "parameter" for similar characteristic of population. The common symbols used are different too, e.g. lowercase s for sample's standard deviation and lowercase greek letter sigma for population's standard deviation.

Some common probability distributions include hypergeometric, binomial and Poisson for discrete random variables and exponential and normal for continous randon variables, among others.

Well, all the above are fundamental knowledge, I'm just put it down in words. Easy right?