ON WITH THE SHOW....
MJS.V..."YIKES' 250 MILLION SHARES OUT !! NOW THE PIG NEVER LIKES TO LOOK A GIFT HORSE IN THE MOUTH, OR A EVEN A PIG FOR THAT MATTER. BUT !! THIS PIGGY SCANNED HUGE IN 8 OF 190 AREAS AND HIGH IN THE NINTH. ITS UNDER SOME ACCUMULATION AND HAS A DGREE OF UPWARD PRESSURE. SO THE PIOG SAYS IT COULD DOUBLE SHORT TERM BUT A TON OF LIQUIDITY MUST APPEAR FIRST. MIGHT BE A FUN SHOT ATY THE MOON. MAYBE EVEN A DECENT TRADING PROFIT.......YOU DECIDE...
MHI.V...NO STORY ON THIS ONE JUST SOME EXCELLENT NUMBERS ON THE SCAN TONIGHT. SCANNED WELL IN 8 OF 10 AREAS AND SOME ACCUMULATION STARTING TO OCCUR. MAY BE A GROUND FLOOR OPPORTUNITY FOR A TRIPLE, OR AT LEAST A DOUBLE. THE PIG SAYS WATCH FOR SOME CONSISTENT LIQUIDITY AND MAYBE TAKE A BITE. SOMETHINGS COMING...ITS IN THE WIND.......AND IN THE NUMBERS.
AUX.V...AREA PLAY AND THIRD HIGHEST SCANNER OF THE WHOLE GROUP OF THIS WEEKENDS SCANS. NET CAPITAL INFLOW ONGOING AND THE MOMENTUM AVERAGES CAME IN VERY HIGH AS WELL. THE PIG THINKS WITH THESE KIND OF NUMBERS AND A DECENT NEWS RELEASE, A DOUBLE IS POSSIBLE IN THE SHORT TERM.
Rescue Continues in Korea Ship Sinking
By EVAN RAMSTAD
AFP/Getty Images
South Korean Navy Commodore Lee Ki-Sik holds a press conference at a defense ministry office in Seoul early on March 27, 2010.
The incident may surpass a 1967 sinking as the most deadly naval episode for South Korea since the Korean War of the 1950s. In the 1967 incident, North Korea shot and sank a South Korean vessel, killing 39 of 79 crew members.
By mid-Saturday, South Korean officials had made no comments about whether North Korea played a role in the sinking of the latest ship, which patrols a maritime border that has long been contested by Pyongyang.
The broader relationship between North and South has been fractious since the Korean War. The two countries traded naval fire as recently as November in the area near where the patrol boat sank Friday.
But on Saturday, the defense ministry said no changes had been made to the country's military posture, a sign that South Korean officials did not consider the country to be under attack by the North.
President Lee Myung-bak met with national security officials for several hours Friday after the explosion was reported. He reconvened the group early Saturday at the presidential Blue House but had made no statements by mid-afternoon.
The ship, called Cheonan after a city in central South Korea, sank in an area only 1.8 kilometers off the west-southwest side of the island, which has a naval base. The area is relatively shallow, which may make it possible to recover the ship.
Their common maritime border was established by the United Nations in 1953, shortly after the cease-fire agreement that ended the Korean War. North Korea has never formally accepted the line and has tested it sporadically with brief naval incursions.
The most recent time the two Koreas traded fire at sea was Nov. 10, when patrol boats from the two sides engaged in a two-minute firefight after a North Korean vessel strayed south of the maritime border. The North's ship caught fire and returned to port. A South Korean ship suffered minor damage.
On Jan. 27, North Korea fired artillery shells from shoreline positions into water near the maritime border in what it called a training exercise. South Korea returned warning shots into North Korean water. No damage was caused or sustained by either side in that incident.
Before those incidents, the previous time the two Koreas traded gunfire at sea was in June 2002, when a North Korean patrol boat sank a South Korean boat in the Yellow Sea border area, killing six South Korean sailors and injuring 19 others.
In June 1999, South Korea sank two North Korean warships in the same area, killing an unknown number of sailors. Seven South Korean sailors were injured at that time.
The Obama administration cautioned Friday against assuming a North Korean role in the Cheonan's sinking. The U.S. has been a South Korea's chief defense ally since the start of the Korean War.
—Jaeyeon Woo contributed to this report. Write to Evan Ramstad at evan.ramstad@wsj.com
7 Rules of Wealth Building
Practical Keys to Amassing Investment Capital
By Joshua Kennon, About.com Guide
Statistics show that for the average person, the level of net worth they achieve in life comes down to a handful of key decisions they make about love, family, education, and occupation. Knowing what these are can help you make a conscience choice.
Jan Stromme, Getty ImagesWealth Building Rule 1: Put Off Marriage
Your biggest obstacle to attaining wealth is YOU. Too often, people live their lives in a manner that is not conducive to creating riches and then get frustrated at "the system" when they only really have themselves to blame. One of the most important financial decisions you will ever make is marriage1 (more specifically who you marry and when). By putting off the walk down the aisle for a few years, you can save a decade worth of frustration. Your first goal should be to become financially independent, with little or no debt, and have your investments in place. Once you have these three things, your odds of success are drastically improved by beginning your journey on a level playing field (after all, the number-one reason for divorce is financial trouble).Wealth Building Rule 2: Debt is a Disease
With a few notable exceptions, debt is a form of bondage; a disease that enslaves the borrower. A few years ago, there was a young lady attending college who shot herself because she couldn't pay back $2,300 in credit card debt. Although an extreme example, it is a testament to the power money has over peoples' lives. Imagine your life without owing anyone anything; your car, your house, your education, all paid for in full. Like what you see? When you want it badly enough, you will make extinguishing your debt2 your number one priority.Wealth Building Rule 3: If You Don't Like Where your Parents Were at Your Age - Do Things Differently
The old cliché that "insanity is doing the same thing over and over expecting different results," holds just as true today as it did when it was originally written. If you don't like where your parents were at your age, stop what you are doing. During your childhood, they taught you all they knew about money. For many people, these early years established how they feel about their finances today. In order to become financially successful, you must do something different than they did. Otherwise, you will end up exactly as they are.Wealth Building Rule 4: When you Begin a Job, Look at the Pay of the Highest Employee
Whether you are looking for employment now or are thinking about it sometime in the near future, one of the most important things for you to do is to look at what the top-dog gets at any company for which you are considering working. This will give you an idea of how high you can expect to climb in terms of earnings and promotion. If the CEO is making $30,000 a year, you have no chance to make six figures. Select a job accordingly.Wealth Building Rule 5: Do Something You Love and Get Paid for It
I remember going into college and being surrounded with people who wanted to be artists, scientists, and businessmen, but instead did what their parents or grandparents told them to do. There is no honor in being a doctor or a lawyer if you wake up every morning and hate your job. Pick a profession you love and you'll never have to work a day in your life.Wealth Building Rule 6: Understand the Money Myth
Money is nothing more than a piece of paper with the image of a long-dead person on it. When you understand that any power it has over you is derived from your relationship with it, you suddenly become free from the constant pressures and stress of thinking about it. Especially at times such as these, if you are putting money away for ten, fifteen, or twenty years down the road, stop checking your portfolio every day! There is nothing you can gain from it except stress.Wealth Building Rule 7: Your New Commodity is Not Your Labor, It's Your Ideas
With the advent of the Internet and other technological advances, you are no longer limited to supporting yourself or making a living by your physical labor. The only limit you have on yourself now is your own imagination - your ideas are the most valuable thing you possess. Every man, woman, and child is a salesman for a living; if you don't own a business or investments, then you sell your manual labor to a company in exchange for a paycheck. Change your product. The gap between the rich and poor does indeed grow larger with each passing year, but not because of inequalities or any other such injustices. Instead, it is because the rich understand money and how to use it. Capital is literally a seed; learn how to plant it to produce the best harvest. When you do this, you will rule your finances, not the other way around.5 Financial Toxins That Keep Us From Acting on Our Knowledge
The Task Force pointed to a number of factors that can keep us from acting to achieve our financial goals. I’ll outline these toxins here and offer a possible antidote for each:1. Procrastination: We tend to postpone important tasks like budgeting and retirement planning. I think we may do this, at least at first, because we’re not sure how to go about it. Once we learn how to do it, we don’t always stick with it.
Antidote: One way to combat a bad habit is to replace it with a good one. Make financial planning and monitoring an automatic, regular occurrence. At first, you may want to do it weekly. As you get better at it, you can probably go monthly. Don’t forget to do a quarterly (or at least annual) review of the big picture too. And don’t get discouraged if you temporarily get off track. Perseverence can be your greatest asset. Just keep at it.
2. Inertia: As noted in today’s quotation, it’s so much easier to maintain the status quo than to implement changes, even if we know that’s the best thing for us.
Antidote: Make change a priority. Make a list of changes that you want to enact. Keep it small and simple. Just write one thing down if that’s all you can manage. Focus daily on that one goal. Stick a post-it note on your desk, bedside table, or bathroom mirror. Aim to do or think at least one thing that gets you closer to your goal each day. Check out 5 Goal Setting Guidelines and choose a strategy that works for you.
3. Choice Overload: It seems like everything is becoming more complex nowadays. Financial products are no exception. We seem to have a tendency to identify a good thing and then bring so many versions of that thing to market that the consuming public becomes dizzy and disinterested. ETFs are good example of this phenomenon.
Antidote: Choose simplicity. If you don’t understand ETFs, stocks, bonds, or mutual funds, put your money into a savings account or GIC until you learn more. And there’s no law that says you ever have to invest in any of those products if you don’t want to. Just because they offer you complex products, that doesn’t mean you have to buy them.
4. Overconfidence or Optimism: Surveys have shown that Canadians feel quite confident in dealing with financial and economic matters, but measures of broader economic knowledge don’t bear that out. Apparently we aren’t quite as knowledgeable as we think we are.
Antidote: Knowledge is power. I know I say that a lot, but it’s true. We’re never done learning. If you aren’t happy with something in your life, change it. Learn about what it might take to make the changes you desire. Don’t assume there are no good answers until you’ve at least sought them out. Give your financial future the time and attention it deserves.
5. Zeitgeist: This means “the spirit of the time”; the moral and intellectual thought or feeling of an age or period of time. Modern culture encourages us to live for today, in constant pursuit of the latest, biggest, and best clothing, gadgets, homes and “stuff” in general. The Task Force suggests that budgeting might be a way for us to overcome this and control our spending. In a recent survey, only 51% of Canadians indicated that they had a budget.
Antidote: I’m a huge fan of budgeting, but I have an even simpler solution: Say NO. Refuse to buy into what they’re selling. What are they selling anyway? A better life? I wonder how many people with McMansions, designer everything, and the mountain of debt that goes with them feel happier? By all means, spend on things that truly bring you joy. But don’t sentence yourself to destitution in retirement to have “stuff” now. The future will not take care of itself. We have to do it ourselves.
Of the 5 toxins above, procrastination and inertia are my biggest problems. I still struggle with putting my plans into action.
In the hours after the explosion late Friday, rescuers pulled 58 sailors from the water near Baengnyeong Island, the country's western-most land in the Yellow Sea. Another 46 were missiThe incident may surpass a 1967 sinking as the most deadly naval episode for South Korea since the Korean War of the 1950s. In the 1967 incident, North Korea shot and sank a South Korean vessel, killing 39 of 79 crew membersBy mid-Saturday, South Korean officials had made no comments about whether North Korea played a role in the sinking of the latest ship, which patrols a maritime border that has long been contested by Pyongyang.
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