Hi readers
This is the last week of window dressing before the end of the financial year..
Next week Pluto is coming into town it's coming with a vengeance.
The first of 5 major aspects to it are all very negative which will expose many hidden secrets and flipping many unexpected mistakes into either bankruptcy or disasters.
While media will use the excuse of holiday season and don't read much into it the bottom line is, only facts matter.
This collateral binge that started in the US and spread around the world is a time bomb just waiting to go off, financial disaster is just waiting to occur for those who are in debt to there eyeballs.
Banks have profited heavily from it at people's expense and it will be interesting to see how the banks react to collateral pressure.
As for governments basically powerless to do anything, in fact the less involved the better.
To the Australian readers your country has enjoyed decades of great prosperity on the back of the Chinese economy, but that might start slowing down.
There needs to be a time of adjustment and digest what's happened in the last 10 years.
That's what recessions do it's a time of digesting growth for the next leg.
People or businesses don't just die away, the good solid businesses continue while the pie in the sky dreams fall away.
It's funny how as soon as you say the word recession people shit themselves.
It's my understanding that Australians are the most wasteful people in the world..
So a revaluation is a good thing.
For those who have asked how I'm playing this correction coming I will post out in the next couple of days .
DISCLOSURE ....I DO OWN BUB SHARES AND WILL CONTINUE TO HOLD FOR THE NEXT YEAR 2018 .AS OF MARCH 1st 9am Singapore time 2017
In regards to BUB.AX, I'm restricted in what I can post due to regulatory conditions in Australia.
So here goes and if I over step then to Graham or Richard at the ASIC compliance, my apologies.
BUB has taken great steps to secure distribution channels, it's just part of establishing the model to seriously push forward into china.
Most would not be aware but the Chinese people like doing business with approved businesses.
In other countries if you just set a website and put PayPal on your right..
In china this isn't the case.
Relationship need to be established to enable people to understand what each other wants.
Costs and profits come last where as in the western world they come first.
I believe it goes something like "if you can't make money why do it".
Everything the company is doing is as I said previously ( from April on the company won't look back).
The biggest mistake was listing on the ASX..
it should have listed in HK, where the stock would be now valued at 6 times more than the current prices but, that's life and we move on.
Management has at the present time the freedom to do what's required to surge the company forward, and I expect this to occur.
I understand many of you use and believe in charts and your welcome to it but understand this!
Over 100 million shares changed hands between 17-19 cents... and only 23 million shares pushed the stock up from 14 to 21.5 cents.
While day traders are looking for opportunities, those who have married the stock with us enjoy the ride as I am not invested it is for 100% return...
I still see this stock as $1.40 per share stock.. should sales hit what I expect then we might reevaluate the stock higher...
Bottom line don't worry about the couple a cents up or down we are not invested for chump change.
Watch how it plays out the next 3 months, interesting times ahead with our market correction forecast.
This is the last week of window dressing before the end of the financial year..
Next week Pluto is coming into town it's coming with a vengeance.
The first of 5 major aspects to it are all very negative which will expose many hidden secrets and flipping many unexpected mistakes into either bankruptcy or disasters.
While media will use the excuse of holiday season and don't read much into it the bottom line is, only facts matter.
This collateral binge that started in the US and spread around the world is a time bomb just waiting to go off, financial disaster is just waiting to occur for those who are in debt to there eyeballs.
Banks have profited heavily from it at people's expense and it will be interesting to see how the banks react to collateral pressure.
As for governments basically powerless to do anything, in fact the less involved the better.
To the Australian readers your country has enjoyed decades of great prosperity on the back of the Chinese economy, but that might start slowing down.
There needs to be a time of adjustment and digest what's happened in the last 10 years.
That's what recessions do it's a time of digesting growth for the next leg.
People or businesses don't just die away, the good solid businesses continue while the pie in the sky dreams fall away.
It's funny how as soon as you say the word recession people shit themselves.
It's my understanding that Australians are the most wasteful people in the world..
So a revaluation is a good thing.
For those who have asked how I'm playing this correction coming I will post out in the next couple of days .
DISCLOSURE ....I DO OWN BUB SHARES AND WILL CONTINUE TO HOLD FOR THE NEXT YEAR 2018 .AS OF MARCH 1st 9am Singapore time 2017
In regards to BUB.AX, I'm restricted in what I can post due to regulatory conditions in Australia.
So here goes and if I over step then to Graham or Richard at the ASIC compliance, my apologies.
BUB has taken great steps to secure distribution channels, it's just part of establishing the model to seriously push forward into china.
Most would not be aware but the Chinese people like doing business with approved businesses.
In other countries if you just set a website and put PayPal on your right..
In china this isn't the case.
Relationship need to be established to enable people to understand what each other wants.
Costs and profits come last where as in the western world they come first.
I believe it goes something like "if you can't make money why do it".
Everything the company is doing is as I said previously ( from April on the company won't look back).
The biggest mistake was listing on the ASX..
it should have listed in HK, where the stock would be now valued at 6 times more than the current prices but, that's life and we move on.
Management has at the present time the freedom to do what's required to surge the company forward, and I expect this to occur.
I understand many of you use and believe in charts and your welcome to it but understand this!
Over 100 million shares changed hands between 17-19 cents... and only 23 million shares pushed the stock up from 14 to 21.5 cents.
While day traders are looking for opportunities, those who have married the stock with us enjoy the ride as I am not invested it is for 100% return...
I still see this stock as $1.40 per share stock.. should sales hit what I expect then we might reevaluate the stock higher...
Bottom line don't worry about the couple a cents up or down we are not invested for chump change.
Watch how it plays out the next 3 months, interesting times ahead with our market correction forecast.
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