Philosophy of the Stock Market

Once upon a time in a village, a man appeared who announced to the villagers that he would buy monkeys for Rm 10. The villagers, seeing that there were many monkeys in the forest, went out and started catching them.

The man bought thousands at Rm 10 and as supply started to diminish and villagers started to stop their efforts, he announced that now he would buy them at Rm 20.

This renewed the efforts of the villagers and they started catching monkeys again. Soon, the supply diminished even further and people started going back to their farms.

The offer rate increased to Rm 25 and the supply of monkeys became so that it was an effort to even see a monkey, let alone catch it.

The man now announced that he would buy monkeys at Rm 50. However, since he had to go to the city on some business, his assistant would now buy on behalf of the man.

In the absence of the man, the assistant told the villagers, "Look at all the monkeys in the big cage that the man has collected. I will sell them to you at Rm 35 and when the man comes back, you can sell them to him for Rm 50 each."

The villagers queued up with all their savings to buy the monkeys.

After that, neither the assistant nor the businessman could be found anywhere but the monkeys were everywhere!

3D animation of Childbirth Video


3D Animation Of Childbirth - For more funny movies, click here

Travel Insurance from Oz

Travel Insurance Direct:
http://www.travelinsurancedirect.com.au/

Hsbc Oz:
http://www.hsbc.com.au/1/2/personal/insurance/travel-insurance-quote

Is ANZ bank doing anything about Racial discrimination practised by Ambank in Malaysia? Part 2

Response from ANZ Bank (21/5/2007):

Thank you for your query. We understand that AMMB has issued a public statement announcing thewithdrawal of all letters to legal firms stipulating ethnic Malay representation and has apologised for any misunderstanding caused. We have nevertheless brought your query to the attention of ANZ executives who have responsibilities for our investments in Asia. ANZ is a minorityshareholder in AMMB. Matters associated with AMMB are the responsibility ofAMMB management and the AMMB board and should therefore also be raised directly with AMMB. We value all feedback we receive from our customers and we hope the above addresses any concerns you may have. Please let us know if you require any further information.

Kind Regards,About Us Feedback
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Related Links:
Maybank & Ambank’s withdrawn Bumiputera guidelines for panel lawyers causes stir in Australia

Is ANZ bank doing anything about Racial discrimination practised by Ambank in Malaysia? Part 1

Is ANZ bank, doing something about Ambank's (in Malaysia) racially discriminatory behaviour with regards to the bumiputera requirement since it is the largest shareholder ? So far, there hasn't been any statement by ANZ about this issue. Just wondering what will the Australian public think about another Australian company giving the impression that it's involved in unethical practices thru their oversea's interests.

latest ANZ & Ambank news (as at 18/05/2007)
From TheEdgeDaily
: AmBank, ANZ to review group's strategies

The following was submitted in a feedback form to ANZ bank on 20/05/2007:
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To whom it may concern,
Recently it has come to my attention that Ambank, a Malaysian bank of which ANZ has 25% Shareholdings, practices discriminatory policies in requiring businesses and companies they deal with to have bumiputera partners.
As a shareholder and customer of ANZ, I am greatly concerned by this issue.
It gives the impression that ANZ which conforms to equal opportunity act in Australia is supporting racist behaviour in other countries. As i understand (unless informed otherwise), racial discrimination is illegal under the Malaysian constitution too.
I will like to know if ANZ is going to do something about it or at least guarantee that it's interests overseas do not behave in a racist manner but ethically.
I am sure a lot of customers and shareholders in ANZ will be very disappointed if this issue is not rectified quickly and transparently.
Please note that this letter will also be forwarded to the local press to raise awareness of this issue.

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Will be awaiting ANZ's response.

Australian Uranium mining related

Uranium mining - Commodity mining
http://www.infomine.com/commodities/uranium.asp

Uranium Companies in Australia
http://www.sea-us.org.au/corpfilez/writeaway.html
http://www.mysharetrading.com/commodities/australian-listed-asx-uranium-mining-stocks-directory.htm

Uranium Companies on ASX to watch:
Energy Resources of Australia ERA 
Summit Resources SMM
Deep Yellow DYL
Resolute Mining RSG
Nova Energy NEL
Marathon Resources MTN
Uranex UNX
Toro Energy TOE
Energy Metals Ltd. EME
Pepinnini Minerals PNN
Arafura Resources ARU
Uranium Equities UEQ
Northern Uranium NTU
Monaro Mining MRO
Korab Resources KOR
Contact Resources CTS
Encounter Resources ENR
Scimitar Resources SIM
Stellar Resources SRZ
Magna Mining MAN
Mindax MDX
New World Alloys NWA
Drake Resources DRK
Southern Cross Exploration SCX

Blog:
http://asx-uranium-shares-stocks.blogspot.com/

Other Sites:
http://www.stockinterview.com/uranium-index.html