The market discounts everything Essays

The market discounts everything Essays The market discounts everything Essay The market discounts everything Essay Technical analysis assumes that a stock price reflects everything that has and could affect the company and hence, fundamental factors are reflected without the need to be considered separately. Hence, the analysis of price movement through technical analysis should be done as it is vital and representative of the stock as a whole.   Price moves in trends In technical analysis, price movements are believed to follow trends. This means that after a trend has been established, the future price movement is more likely to be in the same direction as the trend than to be against it. History tends to repeat itself. The repetitive nature of price movements has been observed and has been attributed to market psychology. Market participants have been found largely to provide a consistent reaction to similar market stimuli over time. With such repetitive reactions, chart patterns are concrete in analyzing market movements for the understanding of trends as history tends to repeat itself. Just as many tools are available for fundamental analysis, a range of indicators are available for technical analysis. This report uses the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI) and Support and Resistance levels to aid in the better understanding of the price trends of ANZ. Moving Average Convergence Divergence (MACD) The MACD is one of the most well-known and used indicators in technical analysis. It comprises of two exponential moving averages which help to measure momentum in the security. The MACD measures short-term momentum compared to longer term momentum, allowing for signals with regards to the current direction of momentum. When the MACD is positive, it signals that the shorter term moving average is above the longer term moving average and suggests an upward momentum. When the MACD is negative, it signals the opposite. Using the commonly used 12 short periods, 26 long periods and 9 EMA periods, MACD is charted for ANZ. (Based on 5 years history) One of the most common buy signals are generated when the MACD crosses the signal line, as shown at the upward cross in the figure while sell signals often occur when the MACD crosses below the signal, as shown at the downward cross in the above figure. Based on the charts purple circles, the MACD and signal line have been observed to be on par with each other for most periods of time. The latest MACD and signal line are once again on par with each other, Johnnie can buy the stock as based on past trends as it is hardly that the MACD goes below the signal line. Relative Strength Index (RSI) The RSI is another well-known and used tool in technical analysis. It helps to signal overbought and oversold conditions in a security. Plotted in a range of 0 to 100, a reading above 70 is used to suggest that a security is overbought while a reading below 30 is used to suggest that it is oversold. This indicator helps traders to identify whether a securitys price has been unreasonably pushed to current levels and whether a reversal may be on the way. A RSI is charted for ANZ based on its 5 years history, suggesting the periods over the 70 reading to have been overbought and those under 30 to have been oversold. Based on the chart above, the latest showings by ANZ signalled by the purple circle are within the boundaries, signalling that it is not overbought or oversold. As such, it is a good time for Johnnie to buy the stocks since they are not unreasonably priced. Support and Resistance A security price seldom moves above its resistance or below its support level. Support and resistance levels are important in terms of market supply and demand as traders are willing to buy the stock at support level and sell it at resistance level. Once these trends are broken, it is thought that supply and demand have shifted and a new support and resistance level will likely to be established. Based on the last third quarters of 2009 and first three quarters of 2010 history of ANZ, its support and resistance level is established at resistance level approximately AUD$24. 50 and support level approximately AUD$21. Based on the latest showings of ANZ (purple circle), the stock price is predicted to rise at least till its resistance level. As such, Johnnie should buy the stock now as there are rooms before the stock price hits resistance. Besides, the last time the stock price hit resistance level (black circle), it moved slightly above resistance. Based on ANZs current showings, there is a high possibility for price to move up another resistance level. Price Predictions The above chart resembles a breakout from the price convergence pattern of the upside over the medium term (3-6months) and suggests a rising trend with a short term target of 2/3rds the depth of the price convergence pattern. This is roughly $24 + (2/3 x (25. 80-21)) or $27. 20. This prediction of a rise in price can be further justified with by the current stock market which is on its way to recovery after going down from the period of April to July 2010. As the stock market recovers, ANZ stock will be positively affected as well. (Source: tradingeconomics. com/default. aspx) Australias economy on the whole has also been doing well since the start of 2010. The major indicator of the macro-environment, Australias GDP Growth Rate has been buoyant with a significant positive increase in the third quarters of 2010. With the economy performing well as a whole, the price prediction of ANZ rising can be further justified.

Women Involved in Social Reform in the 19th Century Essay - 1

Women Involved in Social Reform in the 19th Century - Essay Example However, this role is not enough, as they are also required to be career oriented and ambitious. The ‘Cult of True Womanhood’ that entitled women as deities of the household enabled women to regard their self-importance, as the whole theory attached with the concept of womanhood was self-destructive. There was a strategy to make women acknowledge their role associated with their families and homes only. However, according to the concept, women were regarded morally and virtually superior to men. The concept accommodated men as creatures prone to do wrong and entitled women as the guardians of the household who not only tried to safeguard men from flawed lives, but also kept graceful nature to bear the uncertainties of their husbands. This paper discusses American women’s involvement in social reform in the 19th century and women formed a good total of American population. The ‘cult of true womanhood’ encouraged women in the 19th century to become invo lved in social reform by standing with men in terms of running their households and they witnessed promotion of their gender ideologies through education. The ‘cult of true womanhood’ arrested women in their houses and assigned them the role of managing their households domestically only. â€Å"When depicted within households, women were romanticized as â€Å"Republican mothers† and cultivated companions† (Boydston, 1996). The women were required to tend to the needs of the men of their homes, their children and their families. In fulfilling their standardized roles defined as per the concept deprived of their right to work outside. However, due to economic pressure on the society, they continue to work outside for their household management. This approach of the women and their financial requirements brought men against them and they regarded working women as morally deprived and inferior to other women.   

Mission, Vision, and Stakeholders Essay Example | Topics and Well Written Essays - 750 words

Mission, Vision, and Stakeholders - Essay Example This same view was earlier aired by Raynor (1988) where the researcher refers to mission and vision statement as an organisation cornerstone that guide and provide actions, directions and aspirations for the future. Vision statement refers to the desirable (O'Brien & Meadows 2001). In other words, a vision is the articulated goal for the organisation. Unlike mission statement, vision statement is a core goal. Once this is achieved, a direction will be set for the next vision (Soyer & Asan 2007, O'Brien & Meadows 2001, Thomas et.al., 1993). Forman & Camponovo (2004:1) referred to mission statement "as the most basic embodiment of business strategy.. for mission statement is often at the heart of strategy formulation for successful organisation. Raynor (1998) further outlined the role of vision and mission statement which include In addition, Mission and vision statement by defining an organisations' boundaries draw demarcation between one organisation and the other by exhibiting the organisations salient features (Soyer & Asan 2007, O'Brien & Meadows 2001, Forman & Componova 2004). In all, in an organisation the creation of its mission and vision is an important first step in the development of modern, strategic management (Forman & Componova 2004). ... t some carefully crafted and publicly promulgated statement of an organization' s mission, purpose, values, goals, and vision" (Forman & Componova 2004:10) In Wal-mart, the mission and vision statements are defined within five core business principles which include, outstanding customer service, effective and efficient operations, strong capital and liquidity, prudent lending policy and strict expense discipline. However, vision and mission statement are frequently abused by the people trusted to implement it. According to Fama & Jensen (1983) managers of organisations will always act at the expense of the institution because of their personal interest. This is true because bonuses have become a thing of the past (Forman & Componova 2004). Mission and vision statements message must be communicated in precise simple and clear language supported through out the organisation. In today's organisation, this is not often the case due to misalignments; the mission and vision were overstated. Forman & Componova (2004) argued that misuse of this statement is so common and over time hard work is necessary for revival. They caution that, "Unless mission and vision reflect the core values, capabilities, and goals of individual organisations, they cannot shape current and future operations and therefore soon become clichs" (Forman & Componova 2004:7) References Fama, F.E., & Jensen, C.M. (1983). Separation of Ownership and Control. Forman, P.H., & Componovo, J. E. (2004). The business Radiology and the Mission Statement. Journal of American college of Radiology. Volume1, Issue 2, Feb. 2004 Pp.108-112 O'Brien, F., & Meadows, M. (2001). How to develop visions: A literature review, and a revised CHOICES approach for an uncertain world, Journal

Enable Windows Active Directory and User Access Controls Essay Example for Free

Enable Windows Active Directory and User Access Controls Essay This lab provides students with the hands-on skills needed to create a new Active Directory domain in Windows Server 2003 and demonstrates how to configure a centralized authentication and policy definition for access controls. The Active Directory users and workstation plug-ins will be used to create users, groups, and configure role-based access permissions and controls on objects and folders in a Windows Server 2003 Active Directory system. Lab Assessment Questions Answers 1. What two access controls can be set up for Windows Server 2003 folders and authentication? The two access controls that can be set up for Windows Server 2003 folders and authentication User or Group access to the folder and the ability to modify contents of the folder. 2. you can browse a file on a Windows network share, but are not able to copy it or modify it, what type of If access controls and permissions are probably configured? The type of access controls and permissions that are probably configured are Modify , Read or Full control. 3. What is the Windows tool that allows you to administer granular policies and permissions on a Windows  ­ network using role-based access? The Windows tool that allows you to administer granular policies and permissions on a Windows network using role-based access is the Group Policy Object Editor 38351_LB03_Pass2. indd 50 26/02/13 11:54 PM Assessment Worksheet 51 4. Relate how Windows Server 2008 R2 Active Directory and the configuration of access controls achieve CIA for departmental LANs, departmental folders, and data. Windows Server 2008 R2 Active Directory and the configuration of access controls achieve CIA for departmental LANs and departmental folders and data by using user authentication (logon/password) to access the network. It also give users or groups permissions or deny them access to files or folders. 5. Would it be a good practice to include the account or user name in the password? Why or why not? No because then hackers will have an easier time hacking the password 6. Can a user who is defined in the Active Directory access a shared drive if that user is not part of the domain? No a user cannot access a shared drive if that user is not part of that domain. Windows Server 2003 require a users logon/password credentials prior to accessing shared drives 38351_LB03_Pass2. indd 51

Ethical Lessons Learned from Corporate Scandals Essay examples -- Busi

Ethical Lessons Learned from Corporate Scandals Ethics is about behavior and in the face of dilemma; it is about doing the right thing. Ideally, managerial leaders and their people will act ethically as a result of their internalized virtuous core values. The Enron scandal is the most significant corporate collapse in the United States and it demonstrates the need for significant reforms in accounting and corporate governance in the United States. It is also a call for a close look at the ethical quality of the culture of business generally and of business corporations (Lessons from the Enron Scandal). The collapse of even the smallest of businesses impacts many people, and therefore even the smallest business can learn what not to do from the multibillion dollar corporation. The failure of one’s business will greatly and negatively affect its employees, partners, as well as the families of each of those groups. Business owners have a duty to operate in a prudent, lawful and ethical manner. The major lessons that were illustrated by the collapse of Enron and other corporate scandals will be the morality play of the new economy. It will teach executives and the American public the most important ethics lessons of this decade. Financial cleverness is no substitute for a good corporate strategy. Financial accounting is a backward looking, unusually complex, subject to subjective interpretation, vulnerable to several controversial accounting doctrines...

Censor Ship of a High School Newspaper

Censoreship of a High School Newspaper Students at Central High School have written an article called â€Å"Underage Drinking Rampant at Central High†. The article is in the High School newspaper called The Tiger’s Eye†. The article is about teenagers from the high school are underage drinking and it is out of control. The students want to distribute the news paper to the school. The School’s Administration is against the distribution of this article. The principal and superintendent believe the article should be censored from the school.But the students believe that distributing the article will inform younger teenagers about underage drinking, and will prevent them from drinking. Although the Administration believes that the newspaper should be surpressed, it should still be distributed. The first reason the article should be distributed is because it’s the law. The Constitution contains all the laws of the United States. The First Amendment of the U. S. Constitution guarantees the right of freedom of speech and freedom of the press. According to the First Amendment â€Å"Congress shall make no law†¦ abridging the freedom of speech or of the press†¦Ã¢â‚¬  (134).Freedom of speech means that the students can write and publish whatever they want. In addition, the editor of â€Å"The Tiger’s Eye† pointed out that the principal and super intendent â€Å"want a community in which everyone obeys the law. Everyone but them† (134). In other words, the administration should also obey the law. However, the law does apply in some circumstances. For example, the U. S. Supreme Court decided that High School Administrations have the right to censor or forbid topics that can be sensitive to students.The Administrators believe that underage drinking is a sensitive topic and that they should forbid the distribution of the article. But everyone knows about underage drinking, so it is not a sensitive topic. There fore, the right of freedom of the press should be respected. The second reason the article should be distributed is so the students learn about the what happens when you drink. The consequences that underage drinking can affect you are serious. Almost everyone at the high school kows about drinking. An anonymous person stated â€Å"First you drink a little. Then you dance a little. Then you find a quiet bedroom somewhere or go out ang nto your car. Everybody knows this. †(133). He or she clearly satets the a majority of the high school students knows what happens. Furthermore, Juanita C. says â€Å"Sure I drink. Not a lot. Everyone I know does. †(132). She has friends that drink and she stated that everyone she knows does. However, Trisha M. was one of the many people who said â€Å"I’m not ready to drink yet. Maybe when I get a lot older. †(133). She and the other teens that answered a similar way don’t really know what’s happening with the drinking. Nevertheless, informing people about the serious consequences can save lives.

An Introduction to Fishing