Coup Declared!

[the_numbers]

Amen shygye That is the gospel about Thai Law.

 

Plus it sounds like they are not going to remove Kanthati (TRT) from the interim government and have already restored uncorruptable Khunying Jaruvan Maintaka to full power as auditor general and returned the new Election Commissioners to work.

 

If this is as reported then it appears to be selective regime change. Toss out most of TRT, get some independent agencies up and running, and have a little puppet regime on the side (like chips).

 

I guess the tabasco in this meal will be Khunying Jaruvan who is going to be digging through assets and government books to likely create whatever case will be made against Thaksin and his cronies.

 

:o :o

 

I pity him if this is the case because that woman squeaks when she walks and I'm sure he's done a little more than cheat on his taxes.

 

Cheers,

 

theNumbers

[Flashermac]

Jaruvan gave a thumbs up to the news cameras when she went to report to the coup HQ. Sort of tells you what she means to do.

 

[gummigut]

resident financial guru.

 

Don't care about titles, just can't stand your incessant lording over the rest when actually you have nothing of any substance to say.

 

Stop trying to bash people with "leveraged position" and "testing liquidity in every crisis" and other financial yoda like comments then you won't get called on them and won't look like a yahoo.

 

<>

[JJsushi]

resident financial guru.

 

Don't care about titles' date=' just can't stand your incessant lording over the rest when actually you have nothing of any substance to say.

 

Stop trying to bash people with "leveraged position" and "testing liquidity in every crisis" and other financial yoda like comments then you won't get called on them and won't look like a yahoo.

 

<>[/quote']

 

"Lording"? That is ur silly little perception homeboy based on some sort of self esteem issues if I were to hazard a guess.

 

it most definitely is about ego with you because u for some reason deem yourself qualified to "call me out" which is quite laughable. You consider urself some sort of "defender" or other self inflated ego crap.

Curious as to how u "called me out". All u did was spout off ur disagreement and then made ur usual banal commentary about how u know certain sound investments based on your financial prowess "that u just can't share" because u don't want to show ur hand to early. . .blah. . .blah . . .blah.

 

What I find most arrogant about ur thought process and actions is that u "assume" that u should be the prtector of the NanaP membership by deciding what are appropriate terms and concepts for them to read.

You are implying that they are a bunch of morons that can't grasp the concept of "leveraged" money or institutional markets. You infer with your pompous post that one should dumb down their posts to fit a low intelligence readership.

 

Get off ur high horse Gummi there is not a term or concept that I have used that can't be searched on the internet. "leveraged" money is not a high brow financial concept; then again maybe it was back in your day. You react as if I was using terms such as "buying alpha", delta hedging, "negative basis" "Z-spread" or "CDO squared".

 

Your just a disgruntled old dude that feels he is the "financial guru" of the board because a few barstool jockeys ask you advice on term deposits, rtrnafering money and mortgage rates.

 

Lest we forget there was a time when u made several references as to ur acumen because WAAAAY back in the day u managed some sort of muni bond portfolio.

 

Lighten up and chill the heck out homey, JJsushi still loves ya!

[Mentors]

read some new articles on the Net.

it seems that Sonthi & Co. comes slowly under pressure from outside AND inside of Thailand.

 

I'm quite shure Thaksin will try to hatch something very soon.

 

[JJsushi]

Sept. 21 (Bloomberg) -- Thailand's baht rebounded from the

biggest loss in almost three years as investors bet this week's

coup will break a political deadlock that stalled public works

spending and slowed economic growth. Stocks pared early declines.

The baht rose the most in more than four months after army

chief Sondhi Boonyarataklin took power without bloodshed and

pledged to hold elections in October 2007. Central bank Governor

Pridiyathorn Devakula said the authority hadn't bought baht to

support the exchange rate and currency trading is back to normal.

``This represents a buying opportunity as it removes the

political roadblock from the economy,'' said Richard Yetsenga, a

currency strategist at HSBC Holdings Plc in Hong Kong. ``The

coup is as calm as you could possibly expect.''

The baht rose 0.9 percent to 37.44 per dollar as of 5:07

p.m. in Bangkok, after yesterday dropping 1.4 percent, the

biggest loss since October 2003. HSBC expects the currency to

reach 37 by the end of the year, Yetsenga said.

Parliament has been suspended since February amid an

election dispute, blocking 1.7 trillion baht ($45 billion) in

spending on roads, bridges and power plants.

Thai stocks initially slumped after the market opened today,

following the closure of banks, exchanges and government offices

yesterday. The country's benchmark SET stock index closed down 1.2 percent, paring a decline of as much as 4.2 percent.

 

[JJsushi]

Sept. 21 (Bloomberg) -- Thai stocks fell to two-month lows

before recovering in the first day of trading since a military

coup ousted Prime Minister Thaksin Shinawatra. Shares of Shin

Corp., linked to Thaksin, and its units declined.

The SET Index dropped 9.99, or 1.4 percent, to 692.57 at

the 4:30 p.m. close in Bangkok. The measure slid as much as 4.2

percent to its lowest intraday level since July 21. Military

leaders, who seized power on the night of Sept. 19, closed the

Stock Exchange of Thailand yesterday.

``The initial reaction was kind of a knee-jerk reaction,''

said Adithep Vanabriksha, who helps manage $1.6 billion at

Aberdeen Asset Management Co. in Bangkok. ``Coups aren't viewed

positively in the first instance, at least. Still, we wouldn't

recommend investors sell. Valuations are still quite cheap.''

The army's seizure of power was the 18th coup in Thailand

since the government became a constitutional monarchy in 1932.

After the previous coup, in February 1991, the SET tumbled 7.3

percent on the first day of trading before rallying 24 percent

in the next two months.

``We've seen this before,'' Mark Mobius, who oversees about

$30 billion in emerging market equities at Templeton Asset

Management, said in an interview from Shanghai. ``If prices come

down substantially, we would be buyers.''

Shin, which owns Thailand's largest mobile-phone operator,

fell 1.75 baht, or 5.7 percent, to 29.25. Thaksin's family sold

its stake in the company to a group of investors led by

Singapore's state-run Temasek Holdings Pte in January.

The family didn't have to pay tax on the $1.9 billion deal,

sparking protests and a political crisis that culminated in this

week's coup.

 

King's Confirmation

 

King Bhumibol Adulyadej confirmed coup leader Sondhi

Boonyarataklin as the head of a new interim government. Military

leaders, who dissolved the senate, cabinet and constitutional

court, may appoint a new prime minister in two weeks and hold

general elections around October 2007.

Shin's Advanced Info Service Pcl unit, which is the

country's biggest mobile-phone operator, lost 2.50 baht, or 2.7

percent, to 90.50. Shin Satellite Pcl, the country's only

satellite operator, plunged 1.20 baht, or 13 percent, to 7.85.

ITV Pcl, a television network operator controlled by Shin,

tumbled 0.46 baht, or 13 percent, to 2.98.

 

`Out of the Loop'

 

``People still tend to affiliate Thaksin with Shin but he's

out of the loop,'' said Patipat Pattaphongse, director of

research at KGI Securities (Thailand) Pcl in Bangkok. ``The

sell-off is a little misguided.''

About six stocks fell for every one that rose at the

exchange, with 43 billion baht ($1.1 billion) changing hands.

That was the most since 51 billion baht in shares traded on

April 5, the day after Thaksin said he would step down to end a

political crisis. The SET rose 3.1 percent that day.

PTT Pcl, the country's biggest publicly traded company and

its largest energy provider, fell 6 baht, or 2.8 percent, to 212.

PTT Exploration & Production Pcl, the second-biggest listed

company and its largest explorer, dropped 2 baht, or 1.9 percent,

to 105. The two stocks accounted for 33 percent of the SET's

decline.

Italian-Thai Development Pcl, the No. 1 construction

company, tumbled 0.95 baht, or 14 percent, to 6.

 

`Uncertainty Removed'

 

Further declines may be limited because the coup helped

resolve a political deadlock, analysts said. The end of the

stalemate will enable an interim government to quickly draft a

new government budget, central bank Governor Pridiyathorn

Devakula said.

``Political volatility, including coups, are nothing new

for Thailand,'' Merrill Lynch & Co.'s strategists Spencer White,

Willie Chan and Stephen A. Corry said in a note to investors

dated yesterday. ``This time investors should be encouraged by

the fact that the uncertainty surrounding Thaksin's tenure has

been removed.'' Merrill Lynch kept its ``overweight'' rating on

Thai stocks.

Siam Cement Pcl, the country's biggest cement and

petrochemical company, rose 2 baht, or 0.8 percent, to 244,

after losing up to 2.5 percent in early trading. Bangkok Bank

Pcl, the No. 1 lender by assets, added 1 baht, or 0.9 percent,

to 114, after falling as much 2.7 percent.

Banks as a group gained 0.8 percent, one of two industry

indexes advancing within the SET.

The SET is valued at 10.5 times estimated earnings, the

least among benchmarks for 14 regional markets tracked by

Bloomberg.

``This provides a tactical buying opportunity,''

Christopher Wood, global equities strategist at CLSA Ltd. in

Jakarta, wrote in a report published yesterday. Wood recommended

investors buy more Thai stocks and suggested the coup will help

resolve a political standoff that hurt the economy.

Elsewhere Bangkok Metro Pcl, operator of the capital's

subway, plunged 0.06 baht, or 4.6 percent, to 1.25. The stock is

the first to debut after the coup. The company earlier this

month raised 3.6 billion baht in its initial public offering.

 

[gummigut]

You consider urself some sort of "defender" or other self inflated ego crap.

 

Just can't stand insubstantial bull shit.

 

Stick to actual news without bashing others with dumb arguments and you won't look like a yahoo.

 

 

<>

[JJsushi]

You consider urself some sort of "defender" or other self inflated ego crap.

 

Just can't stand insubstantial bull shit.

 

Stick to actual news without bashing others with dumb arguments and you won't look like a yahoo.

 

 

 

<>

 

 

 

And u should attempt to utilize credible arguments instead of basesless criticism, perhaps u won't come across as a disgruntled, dick measuring, financial duffer. We all know I have a monstrosity of a penis!!!

 

 

[BadaBing]

never met either of you , if your aisian dude's with a pissing contest about dick size , , LOL , 2 inch v 2 1/2 inch ain't nothing to brag about.... take it to PM , spare us 8 " from your short comings....

 

Bada Bing