摩根大通李晶：A股上漲勢頭不變

無論如何，策率依舊；長線持有國指ETF，並逢低吸納A50，待收成沽出。

雖然有投資價值，但炒味比投資氣味更濃；大家拭目已待吧！

GOLD Go Go

投資黃金的方法有三：
一、指數基金： 紐約上市的GLD和香港上市的2840；

二、衍生工具： 黃金期貨，期權和挂勾票據等。。；

三、黃金現貨： 實物或非實物的黃金現貨。

以上三類都可以通過銀行或其他金融機構作買賣。

主要投資黃金的原因亦有三：

一、美國巨債： 美元因此氾濫而大幅貶值；

二、對抗通脹：銀紙多了自然會出現通脹；

三、暫避工具： 股票的未來仍存不確定性。

已強勢突破 $960 的中短線阻力，邁向$1,000的心理關口；

下一站是：$1,100；上望$1,210和$1,320之間。

資金市的「根」是「流動資產轉移」；內地打擊借錢買股，買樓等投資；

發達地區資金有回籠勢頭，但大行國資富戶力捧內銀三寶，令港股高企。

根據過往表現，優質股再強，業績再理想，也不能避過調整的打擊吧！

DISNEY TO ACQUIRE MARVEL ENTERTAINMENT

Worldwide leader in family entertainment agrees to acquire Marvel and its portfolio of over 5,000 characters Acquisition highlights Disney’s strategic focus on quality branded content, technological innovation and international expansion to build long-term shareholder value Burbank, CA and New York, NY, August 31, 2009 —Building on its strategy of delivering quality branded content to people around the world, The Walt Disney Company (NYSE:DIS) has agreed to acquire Marvel Entertainment, Inc. (NYSE:MVL) in a stock and cash transaction, the companies announced today. Under the terms of the agreement and based on the closing price of Disney on August 28, 2009, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. At closing, the amount of cash and stock will be adjusted if necessary so that the total value of the Disney stock issued as merger consideration based on its trading value at that time is not less than 40% of the total merger consideration. Based on the closing price of Disney stock on Friday, August 28, the transaction value is $50 per Marvel share or approximately $4 billion. “This transaction combines Marvel’s strong global brand and world-renowned library of characters including Iron Man, Spider-Man, X-Men, Captain America, Fantastic Four and Thor with Disney’s creative skills, unparalleled global portfolio of entertainment properties, and a business structure that maximizes the value of creative properties across multiple platforms and territories,” said Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company. “Ike Perlmutter and his team have done an impressive job of nurturing these properties and have created significant value. We are pleased to bring this talent and these great assets to Disney.” “We believe that adding Marvel to Disney’s unique portfolio of brands provides significant opportunities for long-term growth and value creation,” Iger said. “Disney is the perfect home for Marvel’s fantastic library of characters given its proven ability to expand content creation and licensing businesses,” said Ike Perlmutter, Marvel’s Chief Executive Officer. “This is an unparalleled opportunity for Marvel to build upon its vibrant brand and character properties by accessing Disney’s tremendous global organization and infrastructure around the world.” Under the deal, Disney will acquire ownership of Marvel including its more than 5,000 Marvel characters. Mr. Perlmutter will oversee the Marvel properties, and will work directly with Disney’s global lines of business to build and further integrate Marvel’s properties. The Boards of Directors of Disney and Marvel have each approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, effectiveness of a registration statement with respect to Disney shares issued in the transaction and other customary closing conditions. The agreement will require the approval of Marvel shareholders. Marvel was advised on the transaction by BofA Merrill Lynch.

大家可以想像下以後主題公園, 可以有咩玩? 同Spidey/Ironman 玩射擊遊戲? 同Hulk 玩鬥大力?Disney 今次收購真係聰明到頂, 需知道迪士尼本身既卡通人物已經好老, 有需要活化/更新. 而每一個Marvel character 背後隱含既商業價值係非常龐大, 當然小朋友會喜歡Mickey/Minnie/Chips and Dale, 但一大個左, 比你都揀Ironman 啦...型咁多!Disney 擁有一個好強大既銷售以及推廣渠道 (樂園/電視頻道/電影製作及發行/產品銷售), 配合強化後既product mix, 係金融海嘯餘波未了之時, 很有機會再上一層樓.每一項投資都要非常小心, 美股當中仍然有垃圾, 亦有珍寶...... 我好相信Disney 會透過呢次收購成功變身, 加強佢係娛樂事業既地位. 大蕭條時, 娛樂企業係非常發達, 我對迪士尼投下信心一票.