... and yet he cannot see why he is making such a big fool of himself together with that soul_rage.... and he can continue to keep on saying this:Originally posted by AndrewPKYap:there you go, jumping to conclusions again...
...didn't I sell stocks in July and bought Thai Bahts in mid-November?![]()
What an idiot!Originally posted by Gazelle:Andrew, I hope you could remember what you said here.
ou said that you bought thai baht sometime in july07 and within days Singapore dollar collapse, which I presume that is also the time you bought back S$ using your thai baht.
My question to you is, on which day of the calender between 7th July 07 to 13 Dec 07 did S$ collapse agasint the THB?
Could you also be kind enough to tell us how much have you made from this S$-THB-S$ transaction?


You said that you bought thai baht sometime 15 Nov and within days Singapore dollar collapse, which I presume that is also the time you bought back S$ using your thai baht.Originally posted by AndrewPKYap:I buy Thai Bahts with Singapore Dollars and within days, Singapore dollars collapse against the Thai Baht and I am "happy about your investment in Thai Baht despite having negative S$ returns huh?"
What sort of an idiot are you? Out of this world!![]()
Originally posted by Gazelle:Andrew, I hope you could remember what you said here.
You said that you bought thai baht sometime 15 Nov and and within days Singapore dollar collapse, which I presume that is also the time you bought back S$ using your thai baht.
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so it is no longer what you kept on repeating and repeating and repeating...Originally posted by Gazelle:
[b]Andrew, I hope you could remember what you said here.
ou said that you bought thai baht sometime in july07 and within days Singapore dollar collapse, which I presume that is also the time you bought back S$ using your thai baht.
I am really interested to learn how to make money from that transaction.Originally posted by AndrewPKYap:HAHAHAHA... Just when I thought the fun has ended... the idiot comes along and provide me more fun...![]()
I am really interest to learn from you. please share your secret in making money from forex.Originally posted by AndrewPKYap:... first he supposes... might as well he is LKY
....next he is a coolie that doesn't know anything about FOREX but he thinks he can calculate like he knows.... an idiot that does not know he is an idiot....
ROFLMAO!!!!!![]()
... there is forex investment and there is forex speculation just as there is Stock Market Investment and there is Stock Market Speculation...Originally posted by Gazelle:I am really interest to learn from you. please share your secret in making money from forex.
As I have patiently explained to you many times before. Claiming to have bought on the baht a week after the event occurs is NOT documentation.Originally posted by AndrewPKYap:I made money investing the Thai Baht almost overnight... (documented in this thread) and those two idiots can ask me why I am so happy about it...![]()
Well for starters:Originally posted by AndrewPKYap:How can I write a book and write for Today newspaper if I have never been there and done that?![]()
If you would read the quotes you quoted from him carefully yourself sir, you will find he listed the range from july to december. Last i checked, that covers mid november too.Originally posted by AndrewPKYap:What a stupid idiot! He can actually find and put this quote in his 13 December 2007 · 03:01 PM post
What an idiot!
Classic!![]()
Originally posted by Gazelle:Actually Gazelle, if if actually did make the trade, he would have made money. Think of buying the baht against the SGD as a short position on the SGD. As you can see, the value weakens, which makes buying the baht a profitable trade.
Andrew, can you tell me how you make money from THB investment. I am still very puzzled.
Suppose you took out $1,000,000 to invest in THB on 15 Nov 2007
The bid/ask rate for that day is 21.64175 / 21.99474.
Which mean S$1m will buy you THB21.641 mil
1,000,000 x 21.64175 = THB 21,641,175
Suppose you sold your THB on 23 Nov 2007, (as you claim within days and I intentionally select the best rate in your favour) and bought back S$, the bid/ask rate for that day is 21.44898 / 21.80054
21,641,175 / 21.80050 = S$992,689
[b]Are you sure you make money?
11/15/2007 21.99470000
11/16/2007 21.90110000
11/17/2007 21.89510000
11/18/2007 21.87930000
11/19/2007 21.87980000
11/20/2007 21.88280000
11/21/2007 21.84530000
11/22/2007 21.82870000
11/23/2007 21.80050000
11/24/2007 21.85900000
11/25/2007 21.91030000
[/b]
Originally posted by AndrewPKYap:Yes please. Take Andrew's advice here. Don't believe him and read the thread yourself, because he has conveniently misquoted me and mixed up fact and fiction again.
... reminds me of that insane idiot that keeps saying over and over again after pages and pages (that one was really fun, it lasted about 10 pages, just imagine, 250 posts!) that [b]"odds ARE everything... " and then after all those "I am so proud to say "odds ARE everything" sheepishly admitted that if you consider only "odds" which is EVERYTHING that you have to consider... it will make you go broke...
Don't believe me, go and read this thread for yourself...
Classic!" target="_blank" rel="nofollow">http://www.sgforums.com/?action=thread_display&thread_id=291748&page=0Classic![/b]
as I also explained to him. Documentation would be for the majority of the audience to agree that the information is factual enough to be documented.Originally posted by deathbait:As I have patiently explained to you many times before. Claiming to have bought on the baht a week after the event occurs is NOT documentation.
How much of the GST increase that was taken to "help the poor" will be lost to fight the lawsuit?
UBS hit with shareholder lawsuit over subprime
(Recasts, adds details from complaint, changes sourcing)
NEW YORK, Dec 13 (Reuters) - A shareholder sued UBS AG on Thursday, contending the Swiss bank misled investors about write-downs related to securities linked to U.S. subprime mortgages.
William Wesner sued the bank and certain individuals, including former Chief Executive Peter Wuffli and former Chief Financial Officer Clive Standish, according to the complaint filed in U.S. District Court in Manhattan.
The complaint contends that UBS and and certain officers and directors issued statements that "were materially false and misleading because they failed to disclose the company's failure to timely write-down impaired securities containing subprime debt."
Earlier this week, UBS announced a $10 billion write-down and a massive injection of funds from Singapore and the Middle East, making it the biggest subprime crisis casualty to date among major European banks.
The write-down followed a $3.7 billion hit UBS suffered at the end of October that was also related to U.S. subprime mortgages -- loans made to high-risk home buyers who face rising interest rates and are now defaulting on payments.
Following the write-down announcement, UBS shares fell to $48.78, a 26 percent decline from the high reached during the period covered by the lawsuit, according to the complaint.
You didn't say "odds ARE everything" and how proud you were of that statement for around 10 whole pages, 250 posts, then say that if you only consider odds, "you will go broke" and I misquoted you?Originally posted by deathbait:Yes please. Take Andrew's advice here. Don't believe him and read the thread yourself, because he has conveniently misquoted me and mixed up fact and fiction again.