Is it the time?

Now, I am holding IMGG, AEZS, VISN and ARNA.

For company like IMGG, all it takes to pop up is the approval from FDA. The balance sheet looks horrible for its shareholders. The only good thing for IMGG is that it has no debt.

AEZS and ARNA is more like buy and hold stocks. My next year's return mostly depends on it. ARNA's FDUFA date is oct 22 before that I am going to hold my current position. (30K shares). There is also next company catch my eyes--ALXA. It may has batter value and less risk than ARNA.

There are some other companies, I trade but only for short such as VISN, GTXI, TRMA.

After I finish with IMGG, ARNA and ALXA. I will put some cash on DSCO, AEN. I will give you continue update on my current positions and my short term positions.

Drexel Writing Festivities

This is my first time to go to a writing festivity before that I don't even know what the writing festivity is. In order to finish this assignment, I went to this writing festivity --Maya Open Mic. My consider myself is a okay writer. I write what I think, I write what I want to say, I write the things come to my mind. That's probably the reason makes it not clear or don't easy understand for some people (okay, most people).

Now I went to this writing festivity to know different styles of writings to know construction of a essay or a poem. I love poetry because they shows the beauty, strength and even connotation in some ways. Writing a English is difficult, I mean even writing a poem in my national language is difficult.

Back to this even, I heard two speaker's speech. They were talk about how to write a poem and the creativity in the poetry. A lot of people were there. I didn't understand everything. I appreciate the poems they told about but I just don't know that much about English literature. But it always fun to know other culture's literature, their writing styles, their history.

In the end, they told us about a program at Drexel University, art and sciences, Certificate in Writing and Publishing. I am more interested in publishing businesses in the US than actually writing a book.

Programming trading, the Future or the Mistake?

May, 6, 2010, today, Dow had its record drop! Almost 1,000 points in less than half an hour! How was that sound?

After the market closed, NYSE chief operating officer Larry Leibowitz said, they together with other major stock exchanges will holding a conference call with the SEC( Securities and Exchange Commission) to discuss what happened, Accounting to AP.

Some reports came out after the market closed said, a trader mistyped an order to sell a large amount of stock. The drop of that stock trigger "sell" orders across the market.

A lot of Wall St.'s trading activities now without any human involved. Some may say, programming trading is the future, and not only will be the future but is already present. I was on that opinion also until today. The future of the capital market is artificial intelligence trading which involve super computers, mass market dates,

out for dinner.....later....

The one night tour of the Curtis Institute of Music

Today, I had one of the most amazing night here at Philadelphia. I had a one night tour to the Curtis Institute of Music, one of the most selective college in the United States accounting to the US News, with lowest acceptance rate, 4.0% almost twice as hard as to get in to Harvard University. (2010). It located in the west corner of the Rittenhouse Square which is the beautiful park in the center of the city of Philadelphia. Some time is really hard to imaging only several of those old fashion, European style buildings are the home of many the greatest musicians in the world such as Samuel Barber, Leonard Bernstein, Peter Serkin, Hilary Hahn, and the most important one at least for me, Lang Lang. ( haha......do you want to guess why)

Okay, now go back to my music night, I went there with my two friends, they had came to here before so we didn't have the time to look around all the buildings. We went to the Field Concert Hall, directly. The Field Concert Hall is the place for students at Curtis to perform to the general public. The concert is for one of the students's Student Recital Series. You know me, I have nothing to say about music. Don't get me wrong, I love classical music but I can't never remember all those musicians name and all those music pies's name. I don't even want to bring this up, I almost fell in sleep during the concert. Sorry, Chrissy, can't help it..... Some music compositions were beautiful, even breathtaking.

The thing interested for me is that, why they had a security camera right in front of us? Is that something because the Times Square car bombing case or they just want to record everyone here at the concert hall? That's the something to think about.

Will another financial crisis on its way?

After the Subprime mortgage crisis started at the end of 2007 leaded to the collapse of a global housing bubble. We found ourself in the worst economic crisis since the Great Depression of 1930s. The US unemployment rate rosed from nearly 3% to as high as 11%, the foreclosure rates enen hit the record high at Q3, 2008 to 23%. If you can see the numbers, here is the imaging, 100 of household (if they borrowed the money from Banks and other financial institutions) 23 of them foreclosed by its lender.

When the 2010 came, we saw DOW hits 11,200, when we saw the all the profit reports from all the blue chips corporations, when we saw unemployment rate stop raising, we may said to ourself, wow, this crisis is over, the recovery is on its way. But here I will have to ring the warming ball to anyone.

The crisis isn't over, another financial crisis may on its way for three reasons, our financial system isn't stabilizing, unemployment rate is still high, capital market, and most importantly the hiding risks of foreign counties' capital market.

First one, let's talk about our financial system, I don't want to go over the history of the US financial system after WWII. I just want to say, what happened to our system and hopefully to get a batter understanding about what will happen, to even avoid things happen from the beginning. It all began at the US housing bubble, turned to sub prime mortgages crisis, and then effected on our banking system (liquidity crisis) became to the whole financial system crisis, and our economy. It started from the US then quickly spread out to the whole world. The EU took a major hit on the housing crisis because the house or the real estate is the major asset for European household. The Asian countries ( except for Japan) mostly hit by decrease of foreign investment, the frozen capital market stops everyone's access to the money. The businesses are dead all around the world, government bailouts, foreclosures for households, huge amount of layoff.

to be continued.....

Arne Capital

I want to open this blog to show the process for my English learning and my point of view

about my life. Try to answer the three questions of my life: what should I do, who I want to be and how to do it?

My English was poor as the person who never study English language before when I first came to the US. The experience about language learning, as far as I can say, use the language as often as possible. The first purpose for me to learn English is that I have to do the research about the companies I want to invest from HGSI (Human Genome Sciences, Inc) to AEN (Adeona Pharmaceuticals, Inc), from C (Citigroup Inc.) to DFS (Discover Financial Services). All the researches request a huge amount of reading news releases and SEC (Securities and Exchange Commission) documents and surfing the Internet for all the possible clues or something that helps you to know what decides you are going to choose. English has been a really helpful tool for me to have a batter understanding about the companies, about the economics in general.

I think the first half year on the language learning is the most difficult time because when you first start a new language you have no idea what should you do and how to do it. As I say, when you pass that time, you will open a new window to know and to learn this world. It will help you to finish your job and to help to understand a new culture. You will be amazed by the new language.