Wa Mu mun & Wa mu pin

We were discussing about the great Wa-Mu debacle during this weekends weekly call with my classmates..What catches our fancy is a company which has a 119 year history drops off a cliff from $35 to a $1 stock in a year and 60 - 90% downside in a day.. The consensus among us was clear. US banks have been taking investors for a ride. And that no one in the US is secure. That the confidence in US investment is at its lowest ebb..
Being retail investors, we will never invest in the US stock market, however lucrative the propects appear to be. Ones life saving is wiped off in just an hour leaving no exit route for retail investors to get off the stock once fundamentals are cleaned up.
Who are to be blamed for the debacle. Not the banks,not the investors, PE funds, I-Banks , but the credit rating agencies who gave their blind ratings based upon their utopian research staff. After this "suave" experience, investors who have been brought to the streets, should sue these credit rating agencies for misleading investors into buying these complex financial instruments.
Contrast this to the Indian stock exchanges where circuit limits are imposed twice per day to ward off any unforeseen imbalance, i would be less surprised to see such a knee jerk reaction and a swift change in price action for a security as RBI and SEBI can ward off any such disturbances.
A bank which has $188 bn ( Washington Mutual ) in deposits alone gets sold off for a paltry for $1.9 bn to the government. Huh !!!! If i were CEO of TCS ( http://www.tcs.com/), i would have used my companies one quarter revenue to buy into this bank and use this oppurtunity to expand a firm footprint in the US and provide much business to my company through IT enablement. ( sigh) ..An oppurtunity lost..
This decade would well go into the annals of the US history as Wa Mu mun and Wa Mu pin...

Read this at the end of this article about people who are still believing in the US stock market.
http://online.wsj.com/article/SB122256922970483051.html?mod=googlenews_wsj

People should learn to love animals...


They are so tasty...

Cranky things to Go Crazy in an Elevator....!!

I had a hearty laugh on reading this article... Psychotropic.. just like my mind.. :) Read on ..

1) When there's only one other person in the elevator, tap him on
the shoulder and then pretend it wasn't you.

2) Push the buttons and pretend they give you a shock.
Smile, and go back for more.

3) Ask if you can push the button for other people, but push the
wrong ones.

4) Call the Psychic Hotline from your cell phone and ask if they
know what floor you're on.

5) Hold the doors open and say you're waiting for a friend. After a
while, let the doors close, and say, "Hi Greg. How's your day been?"

6) Drop a pen and wait until someone goes to pick it up,
then scream, "That's mine!"

7) Bring a camera and take pictures of everyone in the elevator.

8) Move your desk into the elevator and whenever anyone gets on, ask
if he has an appointment.

9) Lay down the Twister mat and ask people if they would like to
play.

10) Leave a box in the corner, and when someone gets on, ask him if
he can hear ticking.

11) Pretend you are a flight attendant and review emergency
procedures and exits with the passengers.

12) Ask, "Did you feel that?"

13) Stand really close to someone, sniffing him
occasionally.

14) When the doors close, announce to the others, "It's
okay, don't panic, they open again!"

15) Swat at flies that don't exist.

16) Tell people that you can see their aura.

17) Grimace painfully while smacking your forehead and muttering,
"Shut up, all of you, just shut up!"

18) Crack open your briefcase or purse, and while peering inside,
ask, "Got enough air in there?"

19) Stand silently and motionless in the corner, facing the wall,
without getting off.

20) Stare at another passenger for awhile, then announce in horror,
"You're one of THEM!" and back away slowly.

21) Wear a puppet on your hand and use it to talk to the
other passengers.

22) Listen to the elevator walls with your stethoscope.

23) Make explosion noises when anyone presses a button.

24) Stare, grinning at another passenger for a while, and then
announce, "I have new socks on."

25) Draw a little square on the floor with chalk and
announce to the other passengers, "This is MY personal
space!"


People should learn to love animals...


They are so tasty...

Oh .. i jumped from the sky !!!

Be among the first to see and enjoy my first free fall from the sky.
It was an exhilarating experince. Dont miss an oppurtunity of one comes by your way some day , some time.

Visit this link for the entire clip : http://www.youtube.com/watch?v=tbqocKeAHwk

Please leave me a short message if you find this exciting.

Cherio
Sajeeth

People should learn to love animals...


They are so tasty...

Time for some "pheelasapi"

This is somebody else work. I dont own it

1.Whenever you find the key to success, someone changes the lock.

2.To Err is human, but to forgive is not a COMPANY policy.

3.The road to success??.. Is always under construction.

4.Alcohol doesn't solve any problems, but if you think again, neither does Milk.


5.In order to get a Loan, you first need to prove that you have ability to repay back.


6.All the desirable things in life are either illegal, expensive or fattening.


7.Since Light travels faster than Sound, people appear brighter before you hear

8.Everyone has a scheme of getting rich?.. Which never works.


9.If at first you don't succeed?. Destroy all evidence that you ever tried.

10.You can never determine which side of the bread to butter. If it falls down, it will always land on the buttered side.


11.Anything dropped on the floor will roll over to the most inaccessible corner.

12. 42.7% of all statistics is made on the spot.


13.As soon as you mention something?? If it is good, it is taken?. If it is bad, it happens.


14.He who has the gold, makes the rules ---- Murphy's golden rule.


15.If you come early, the bus is late. If you come late?? The bus is still late.

16.Once you have bought something, you will find the same item being sold somewhere else at a cheaper rate.


17.When in a queue, the other line always moves faster and the person in front of you will always have the most complex of transactions. Â

18.If you have paper, you don't have a pen. If you have a pen, you don't have paper. If you have both, no one calls.


19.Especially for engg. Students : If you have bunked the class, the professor has taken attendance.


20.You will pick up maximum wrong numbers when on roaming.


21.The door bell or your mobile will always ring when you are in the bathroom.
Â

22.After a long wait for bus no.20, two 20 number buses will always pull in together and the bus which you get in will be crowded than the other.
Â
23.If your exam is tomorrow, there will be a power cut tonight.


24.Irrespective of the direction of the wind, the smoke from the cigarette will always tend to go to the non-smoker


25.Before borrowing money from a friend, decide whether you need more.


26.There are three sides to every argument: your side, my side and the right side.

27.An expert is someone who takes a subject you understand and makes it sound confusing.

28.Many things can be preserved in alcohol. Dignity is not one of them.

29.Never argue with a fool. People might not know the difference.


30.When you're right, no one remembers. When you're wrong, no one forgets.


31.Always remember that you are absolutely unique. Just like everyone else.


32.Well done is better than well said .


33.Everyone makes mistakes. The trick is to make them when nobody is looking.


34.Where there is a WILL, there is a WAY, Where there is MONEY, there are many WAYS.


35.Where there is MONEY, there are many FRIENDS and RELATIVES.

36.Everybody wants to go to heaven, but nobody wants to die.






People should learn to love animals...


They are so tasty...

Shri Lakshmi Cotsys

Shri Lakshmi ( Bse Code: 526049)-
CMP- 107
Here is a stock from the small cap space for people with a big risk apetite. The scrip is in textiles and allied industries. So is susceptible to prone to the dollar imbalances. Technically , the scrip is respecting a 2 year broadening trading range with lower boundary at 107 and upper boundary respected to be around 170 range.
If you are willing to wait till October, one can exit at around 170 with a decent profit.
What say ?



People should learn to love animals...


They are so tasty...

Entered ACC

As a follow up to my earlier post, in the dying moments of NSE on Friday , May 11, I took a position in ACC at 711.2..I am excited because i got this stock very near to the days low.
My fellow trader/friend of mine advised me to strictly follow stop loss at 700 or risk a steep fall. I am looking at respecting this stop loss for the whole of next week as the position i have taken is rather huge.




People should learn to love animals...


They are so tasty...

Asahi India - ( CMP : 58.3) ?

The Weekly chart of Asahi India is a good example of a downward breakouttion. I wanted to take a position in this scrip when it was around 101 last year.
But, it frequently met with resistance at 120 levels and was trading b/w 100 - 120 for around 6 - 7 months, that i got disinterested after a while. As usual, after i stopped tracking, the scrip hit the roof at around 140.
This morning when i was reviewing my favourite scrips after some time, i though this scrip has a stock split, but, later found that it has been in a vicious down trend. A big fall from 140 to 60 levels. While i am not aware of any fundamental change in the scrip , what worries me is the heavy selling that has been observed in the past few weeks. Note that there is not much of a big FII or MF interest in this script. so , who is selling it and why is this script badly bruised. Publish Post
Has anbody got a clue ?




People should learn to love animals...


They are so tasty...

Of Past relationships

Plagiarised from a fellow orkutter

from my past relationships i learned:

"IF SHE'S DUMB ENOUGH TO WALK AWAY, THEN BE SMART ENOUGH TO LET HER GO..."



If you can't get some one out of your head then may be they are supposed to be there.

Dont worry about the people in your past
there is a reason they didn't make it to your future

Anybody with me lifting their hands ?:)



People should learn to love animals...


They are so tasty...

ACC - Short term ( perhaps long term buy) ?

Save Now

Big daddy ACC is nearing its longtime support level ( Current price: 753) both on the weekly( 2 years) and daily charts.
With government seriously considering holding the stick this time, will 720 - 730 levels hold out this time ?
Attached is the weekly and daily charts








People should learn to love animals...


They are so tasty...

Whats in LOVE ??

Musings from an email that i received as a forward..

"Once married, the colours start fading. "

P.S : I did not write this article, but, except for the above line ( am too early in my life to comment on it), i agree with the rest of the views.Am too in consonance with the views expressed by the author.




The end of romance…???

I love you!

They're all saying it these days --
in schools and colleges,
in parks and restaurants,
at workplaces and in bedrooms,
over the phone and through the e-mail.
They first say it as a declaration,
then as an assurance.

Even people who normally don't converse in English,
when it comes to expressing this primary emotion,
prefer 'I love you' to its vernacular equivalent.
Just as the way it happens in the movies:
the hero or the heroine will flirt in the regional language,
but the flirtation usually culminates
with the mouthing of the inevitable
'I love you.'

But when people say 'I love you' to each other,
what exactly do they mean?
That they want to get married?
That they find each other irresistible?
Or is it an expression of affection or admiration?
Or an unstated agreement to have sex?
No one knows.
The answer is bound to be as complicated as the definition of love.

But one thing is certain.

Ten years ago, when you said 'I love you',
no matter what you meant by that,
it was taken not only as a declaration
of love but also of commitment.
It was sacred as a vow.
And you usually said it only once in your lifetime --
to the person who eventually became your spouse.
And the pleasure of saying it was similar
to using a smuggled French perfume.

Today, you can get the same perfume
in the neighbourhood departmental store.
Similarly, 'I love you' is now a free commodity.

" Today,
'I love you' no longer means
you are the only one I love.
It is only an expression of feeling,"
says psychiatrist

"People are in a great hurry to fall in love.
Having an affair has become a status symbol,
especially on campuses.''

So today, people are falling in love
more often than ever before.
And not just with one person.
Today you might be in love with someone,
but you are free to walk out if the relationship is
stifling and fall in love with someone else.
Unlike the days of the past
when only death could do you apart.

Does that mean the present generation
is less sincere when it says 'I love you'?
I doesn't think so.
"They no longer say it to express a commitment.
I believe they mean it when they say it,"

Perhaps, with culture and tradition,
relationships have become flexible too.
Take the case of my friend journalist
who relocated in metro a year ago.
Friendless in a new city,
he took to the Internet chatrooms.
There he met Girl, 18, a student of College.
They fell in love even before they met;
and when they met,
a passionate affair began.
But in less than six months,
she was gone, after having
declared her love a million times.

"I think she grew out of the relationship.
But when she used to tell me 'I love you',
I could see she meant every bit of it,"
says my friend journalist,
who nursed a broken heart for a
while before moving on -- to other women, of course.
Today, both speak on the phone occasionally,
like "good friends."
Sounds like a filmi divorce story!

But that's how it happens these days,
except in films where the girl and
the boy fall in love and live happily ever after.

"Rarely do we see a love affair culminating in marriage.
Often we find that the victim of an
unsuccessful affair soon gets into another one,''

I views this casual attitude of today's youth as a dangerous trend.
"When one runs from one relationship to another,
it becomes a character trait,
only to be continued in future,''

So where does this leave love?
my another friend said,
''The word love means nothing to me at the moment,"
"But I know when I meet my knight in shining armour,
then it will have a lot of significance.
At this point in time, if someone said it to me,
I would not believe him."

Why not?
The answer is simple --
'I love you' is no longer the smuggled French perfume.
Say it to any woman today and
she's unlikely to be impressed
Instead, she's likely to turn back and ask:
"How many people you have said this to before?"

In any case,
no one falls in love with a
Tom, Dick or Harry these days
-- something that still happens in movies,
where a autorickshaw driver wins
the heart of a millionaire's daughter.
In real life,
it's among equals (something that
the strict father of the erring heroine
is looking for when pushing her
into a room and locking her up).

we sees this as a natural phenomenon.
"By and large, we are drawn to people
who are compatible,
who we can relate to.
That's the in-built safety mechanism love has.
Unless it is an act of rebellion,"

So you fall in love with and marry
someone compatible.
After that what?

"As long as you are in love minus the responsibilities,
you are crazy about it.
Once married, the colours start fading.
Moreover,
where is the time
for romance after you have a child?"

one women who, 17 years ago,
fought with her parents parents
and threatened them with dire consequences
if they objected to her marrying the man of her choice.
"Now when I think of all those things,
it seems so crazy,'' she says.

Is it really worth falling in love?
For that, we have to first define love.
And that's not as easy as saying,
I love you.


People should learn to love animals...


They are so tasty...

The week that went by on the markets did not surprise me.

I have been under the belief that the subsequent run-up of the markets from 16K to 20K was unwarranted. If it was Reliance and its pack of shares that took the markets to such dizzy heights, it was the tech pack that made a muted response to the strengthening rupee ( and weakening dollar)..

Nasdaq ended lowere by 2.5% on friday ..the effects of which would be felt in the indian market on monday. The charts of the IT pack bode a sorry picture..Most of the leaders in the tech pack are precariously perched at their support levels..

Next weeks retailers numbers on the Walls street may not turn out to be smooth which would mean further slide for the markets. The IT pack looks the most vulnerable in case of further bad news from the US markets of an economic recession.

Have a look at the charts for the IT pack and you will understand why. I track only a few IT stocks in the indian markets

Infy: Looks set to touch 1630 in the near term..where bargain hunters may look at buying in small lots.

TCS :

Dependable of the lot.But,if its a problem in the US, 60% of reveneues for TCS comes from the US and hence, it should also feel the pinch..Possible support at 930 levels

Geometric :

This is a stock which i went bust the moment i bought it. I am already deep red @ -7% at Diwali closing.But, this scrip has low PE compared to its peers in the IT pack..One can see a Head and Shoulder pattern at its peek..The fall from its support at 85 has not yet been arrested..So, dont go for it yet..

People should learn to love animals...


They are so tasty...

Spooked - A snap at the markets

The date: Oct 18

The time : 9.55 AM..

Just another sleepy day to begin with ,but, life would probably had been snapped for quite a few among the trading community.

9.55 Am was the very same moment the index hit the lower circuit..-9.15% on the sensex and -9.25% for the Nifty.. Just to remind time and again that this is not for the weak hearted.. If you had thought about investing today, you are already a loser..

I took a few screenshots of my terminal to cherish the "incident".Perhaps, i shall live to tell my grandchildren about the perilious risks in investments in all walks of life.

Save a copy of the same for you too ..

Cherio

Sajeeth

People should learn to love animals...


They are so tasty...

Daredevilry on Skies..Watch me Skydive !!! Atlanta 04-August

Do u suffer from acrophobia ? If yes,this video is not for you.
Visit : http://www.youtube.com/watch?v=uUKrgKPEx9c
This jump was taken from 14500 feet above ground. I was hurtling down at 120 mph..See me perform this feat one last time..


People should learn to love animals...


They are so tasty...

Wanna change yor profile picture ?

Busy orkutting..Are you just another cyborg obsessed with changing your orkut display picture? Then the below links would be of use to you.There are plenty in store at this site.. that may keep you busy for a year...

http://www.msn-fun.com/msn-display-pictures/abstract-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/animals-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/anime-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/artwork-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/babyface-msn-display-pictures.htm


http://www.msn-fun.com/msn-display-pictures/cars-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/cartoons-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/cute-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/flower-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/funny-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/love-msn-display-pictures3.htm

http://www.msn-fun.com/msn-display-pictures/moods-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/nature-msn-display-pictures.htm

http://www.msn-fun.com/msn-display-pictures/smiley-msn-display-pictures.htm

Thanks to HeartGraphs and maarab@gmail.com for bringing this to my notice..


People should learn to love animals...


They are so tasty...

TVS Motors..@ 55.1

When this stock hit 130 a few months back, I was left wondering if this stock demanded such premium valuations..Now after nearly 75% downmove, the scrip has tested its support levels at 54-55. A move below would signal bye bye ,whereas , if it can hold on to this level, the scrip can weave back to 70 levels. Observe that ths scrip is confinned to a triangle pattern formation on the longterm charts..
Buy with a stop loss at 54..

People should learn to love animals...


They are so tasty...

Time to get in

With Hedge funds running for cover, the following stocks have come under my radar for shortterm/long term investment..



Indian Hotels ( CMP:124.5)
Perched o nits support, this stock has seen a gap at around 135 levels which has to be covered in the short term. After 135 is attained, this stock would face resistance at 147-150 levels..Stop loss ia 120.



Cipla ( CMP:183.5)
On of my favourite stocks these days because of the relatively less Beta values, this scrip spooked me this friday when it went down to hit 176. 175 is probably the last support for this stock. And this stock has bounced admirably well form this position. Cipla has an unusually high FII data and it may be because of hedge fund pullout that this scrip went to test the support.But, the positive thing for friday for this stock is the presence of a bullish hammer which suggests a key reversal pattern. A test of 200 is on the cards.If this level is pierced through, we may see that the scrip may bounce back to its previous high of 240 - 260 levels if it can sail above 200 comfortably.

Signing off from my end

People should learn to love animals...
They are so tasty...

Hawk Eye

I have little knowledge about the fundamentals of the following.I have heard of Moschip before. Moschip has been making some noise in the last 1 year.Other than that,lets analyse ( at my friends request)how Moschip and the others fare.

Moschip (CMP:25)/MOSCHIP :
Long term and near term support is at 24.5. Which is why we see that the scrip is loitering around the same level after a year.When it broke the resistance Jan 07,the resistance level became the new support.Thus ,the scrip raced to 37.5 and fell back at its support at 29. This support was finally broken in March leading to a sharp fall.
My advise would be ,if you are interested in small profits, buy now and sell at 27. Or,if you prefer to wait for THE BIG FISH, prefer better returns elsewhere,wait for a break above 27.5 and then buy into it then.We may have 2 courses here. The exit point would be a close below 23 in any case.Money making oppurtunities exists only on a breakout from triangles and rectangles.( That breakouts do happen in the downward direction too is a possible scenario) which is why i make a mention of stop-loss of 23.No a sound investment for the moment.





Carol Info(CMP:54)/CAROL :
The technicals first. Moving average signals a buy.MACD positive.OBV positive.Currently,near term support is at around 54,the scrip is just a tad below its support.Hmm.. Even when the market hit rock bottom,this scrip still seems to trace an ascending path.

Cons :
The scrip is distributed.The scrip moves on thin volumes.So, any bad news,investors are stuck with no immediate exit routes.

My comments:
Buy at around 50-52 range with stop-loss at 45.If volumes do not bother you, you may enter this scrip. I dont hold any fundamental views on this scrip though.

Advanced Micronic Device (Rs.32)
The price pattern traced by the chart is erratic.Less said the better.High risk.Low liquidity.Exit if invested.Stay away if not. Look for better investment avenues.

Sugary syrup

(Note:Charts in order from Bottom to top, Bajaj Hindustan,Balrampur Chinni,Dhampur sugar,Rajshree Sugar)
Sensex and Nifty scaled new heights on Friday ( 10 th November).Most index stocks were defying the laws of gravity.But, the mood in the sugar camp was depressing.The government has not yet made up its mind on reviewing the ban on sugar.Incidentally,Sugar has the heaviest weightage among all commodity prices in the WPI( Wholesale Price Index).
The FM,Chiddus policy is simple.Keep sugar prices down and with that you bring down the infaltion figures. The result has been that many of sugar stocks are in a "Will-it..Will-it-Not" situation.Technically speaking, the scrips are in a make or break situation.I have reviewed the following scrips and would recommend it only for the traders who have an appetite for risk.
First things first.My universe is limited to Top 200 stocks in NSE/BSE.Hence, only Bajaj Hindustan,its smaller cousin,Balrampur Chinni,Dhampur Sugar fall into the ambit.Rajshree Sugars made it to the league because of the increased confidence by its Chairman,Shree Rajsree Pathy .

Bajaj Hindustan(CMP:289.5) :
The script has bright potential if and only if it clears the 346 level comfortably.The script had earlier rosen from 195 in Nov 2005 to 568 in April 2006 and has now been dumped at its current level.At this trading zone,the script has made atleast 3 unsuccessful attempts and reversed at this resistance level(346).Curiously , the next support was perched at 300 which too has now been broken by fridays movement. We now face the risk of hitting the next support at 270 nd then at 250.BTW,250 is a strong support and one can safely make fresh investment at 250-275 zone for a handsome gain in the next 3 months.Just another thought here. Never attempt intra day trade in Bajaj Hindustan. Never!!You may get wiped away in seconds.

Balrampur Chinni(CMP:97.45)
That brings us to its younger brother Balrampur Chinni to the fore.Technically,this scrip is in a better position compared to the earlier one(Big B!!).90 is the strong support zone.This scrip is in a long term consolidating mode ,moving in an ascending triangle.If breached, a move to sub 80 levels is on cards.On the upper end of the triangle, we may see a target of 126 for this scrip.Balrampur is less volatile compared to Bajaj Hind and a worthy scrip to invest at 95-98 levels.Keep a strict stop-loss at 89.You may never know the decision of the government in this regard.

Dhampur Sugar( CMP:108)
The negative sentiment on the sugar sector had a profound impact on this stock as well.This scrip is near its yearly low.if only i could get my IPO refund, i would like to invest my money in this scrip.Beware.This scrip is exactly at its support.If 108 is broken a slide to the next support zone at 104 is on the cards.

Rajshree Sugar(CMP:97.4 ):
The volumes on friday would convey to me that this looks to be a false move. By my analysis, the scrip shall soon enter a buy mode.We shall have to wait for a close above 110 to confirm it.On the other hand,one may place a Stop-loss at 90.With the market at an all-time high, this week,if we have a 300 point slide on the sensex, one may have to run for cover as Rajshree is the weakest link of the lot.
And that is why,it is always advisable to repose faith in index stocks like Bajaj Hind and Balrampur Chinni.

Cheers

Tata Steel - Time to increase exposure.

Tata steel(CMP:501) would be a good buy at the moment.The Corus buyout has not provided any fresh impetus to the scrip.
The scrip has been trading within an ascending triangle. 27 th October saw trading activity picking up in this stock. From the chart front, though we may see an upside breakout at 540 and a downside breakout at 485, we can start making fresh investments from this levels. Being an Index heavyweight,Tata Steel is a relatively safe bread and butter stock to invest in. With the scrip now at the lower end of the envelope,one can start making fresh entries at this levels and increase exposure either on declines or on upside movements.

A reality thats spoof...

An article in "THE HINDU" today had myself chuckling.
There still seems to be lot of gullible people being taken for a "ride".
Visit A spoof ride to space and you shall concur to my views.

($) Gates on Broadband.

The worlds richest man, Bill Gates, on a recent visit to India , had stressed on the need for an increased broadband penetraton. PCs , for him , were just an element of penetration.
( Bill Gates on Broadband )
Gates does have a point.Lets pick up some statistics...Assuming that out of a population on 1 billion,only 120 million have access to telephone, the vast majority people(I am referring to fellow Indians) do not have a PC.The percentage of netizens having access to a broadband or any kinda net access is thus negligible.
On a sinister thought,why should Gates be bothered about improving quality of broadband connectivity. My idle brain suggests that, Gates and many bureacrats know very well that Internet is a window to the future. There exists a wide range of commercial aspect in the net, be it shopping, online gaming, internet telephony, Internet TV,e-governance(a much abused word in Indian governance). Microsoft has a slew of products targetted at Internet and India is one market which is yet to be untapped. When the second fastest growing economy in the world unfolds itself on the internet, the gains would be manifold.
I beg your pardon , if the passage conveys the impression against broadband connectivity, but, my emphasis is that a broadband connectivity cannot make a big difference to the masses.
Is the window to the net,a must for the common man?
Does staying connected help improve the quality of life of ordinary citizens??
How many households in India own a Simputer lest their own TV/Radio ?
Cost to produce a microprocessor is less than quarter dollar,When will a computer be made affordable to the masses..atleast below $50 ?
We are yet to provide a telephone connection to all rural households. Not all rural villages have access to power and health facilities.GDP grows at the rate of 8%, computerization grows at 13%, but,agriculture ,power and infrastructure sectors grow at an abysmal rate of 2%. Our population grows at a pace of 1.4%(Source) !!!Think about the housing facility to them.There still is a long way to go before both ends meet.
How good are we at adapting to new technology.How good are we at changing our lifestyle? We are not embracing new technologies for the benefit of people yet.
Take the case of the CORDECT( WLL, developed by Prof.Jhunjunwala and his team at IIT,Madras) technology which provides telephony with nearly no additional infrastructure involved.If we had resolved to provide all new connections on WLL, atleast 20% of new connections would not get disrupted by earthquake or floods.One relay station would have served 25 square Kms.
The alternative would be laying underground cables by digging roads( not new to our government agencies) , physical wiring across cross-country and reaching each and every household , not achievable in even our childrens lifetime.Similar is the case for providing health and power facilities.
Quality of life needs to be improved on so many other fronts , that , broadband , i feel is not a necessity now.Mr.Bill, don't count your bills before they multiply!!!

Strategy FTW

Hello All,
Yesterday was a good day for us.Markets went down by 48 points..Yet, India Bulls and Hindalco saved the day for us. Let me tell you one strategy that I have been following these days..No doubt we are choosy in selecting the scrips that we invest. But, sometimes , after selling those scrips at a reasonable price, we often( atleast I ) see that the scrip zooms to further 15% appreciation.
To confront such a scenario, assume that you buy, say 500 shares of Hindalco.When you achieve your price target, sell 80% of your holdings ( 400 in this case)..The 100 shares can be preserved for long term appreciation. That way, you dont stand to lose even in case you scrip falls below your acquisition price and you are still in the party if the scrip drifts further up.

Having said that, Arvind Mills is still waiting on the runway to take off.( I guess its taking time to get re-fuelled for a pretty long time!!)

Heres my take for the near term.

Risk takers can seek exposure(in small lots) to the following scrips:

IT - Vakran Software - BSE Code 511431 below Rs.111
IT - Logix Micro - BSE Code 532341 below Rs. 217
Pharma - Aurobindo Pharma - BSE COde : 524804 - Below 405
Electronics - Solect Centum - BSE Code : 517544 - Below 240
Consumer Goods - Murudeswar Ceramics - BSE Code : 515037 - Below 124

BTW,
Valuenotes today had an interesting article on IndMer Bank( a subsidiary of Indian Bank).View here

BSE Code : 511473.It seems to be long term story.I am of the opinion that it will settle down higher though in the near term, it will follow the course of the market.

But ,regardless, keep your stock loss mechanism in place every trading day.

Cheers & Regards,
Sajeeth K.

Data Interpretation with NSE/BSE data for December-January months

I was sieving through some historical data on Nifty ..There was some curious observations that I have made particularly on the data between the months of December and January for the past 5 years...Hope you would concur on the same and get benefitted by these
My interpretation is as follows :
Oct 2001 – Jan 2002
Nifty starts its onward journey around 5-Oct 2001 and reaches its peak by 12-dec-2001.


Oct 2002– Jan 2003
Nifty starts its onward journey around 10-Oct 2002 and reaches its peak by 30-dec-2002.


Oct 2003– Jan 2004
Nifty starts working its way around 1-Oct 2003 and reaches its peak by 15-Jan-2004.


Oct 2004– Jan 2005
Nifty starts rising from around 25-Oct 2004 and reaches its peak by 2 -Jan-2005.


Plan A for this winter 2005 – Jan 2006
Nifty starts its ascension around 25-Oct 2004 making history on every trading day. The bulls are making merry at the moment. But, something tells me that the euphoria would be shortlived.Looks like the market is being heavily manipulated.
Titan Industies has one of the lowest delivery volumes, yet, appreciated by 100% in 2 months.This stock has been gang-raped repeatedly.
Ranbaxy would have been totally written off for comng up with such a poor result,but for some market players,its riding reasonably high.All crests,but , no troughs is worrying.Damn those mutual funds and FIIs. they must be heavily taxed.
Whatever business Godrej Industries is doing,would you believe a turnaround in business fortunes amounting to 20% capital appreciation in just one day? Such meterorical rise acts against the interest of retailers(aka gullible investors).
My universe of stocks is narrowing down to around 50 these days.
For retailers, historical data points to market peaking out by 1 st week of Jan 2006. So, if you are still invested in the markets, book profits by last week of December and stay in cash. It’s a murky world out there with the bears taking a nap for the moment.
Theres nothing to be worried about for the moment. Absolutely no need to panic. Yeah.No need to panic.No need to panic. What are you still waiting for ? I am politely saying “Get out of the markets.You don’t have much time left".
For those who are yet to plan their exit strategy, have your Plan B and Plan C ready with you by end December 2005.For those willing to hang around for a longer period of time, I would recommend the below stocks for the moment as these look like a safe bet.

Guj NRE Coke ( best buy below 110 ) - Iron Ore
IPCL ( Buy below 230 ) - Oil
India Bulls ( Buy in small lots below 155 ) - Financial Services
Oriental Bank of Commerce ( buy below 250 ) - Banking
Arvind Mills ( buy below 110 ) - Textile
Intuition tells me that Indian Oil ( below 505 ) ,Financial Technologies(Financial) and Selan Exoration Technologies(Oil) also look attactive at the moment, but, I leave this to the discretion of the reader.

Look towards paring exposures upon appreciation by 10-20 %.
The author wishes to disclose that he has position in all the above except Indian Oil and Financial Technologies.

On a parting note, Financial Technologies chart gives me an Oooommph!!!! Look at its historical data...People would have made a killing in it!!!

Happy minting money.
Cheers,
Sajeeth.K

Chennai Rains on TV...

Want to have some real time pass? Watch Sun TV and Jaya TV trying to outwit( outfool??) each other..One says the poor are hit hard by the recent downpour..the other says that the President,PM and whos who in the political circles are praising the govt for the deaft handling(?) of the situation.
One says there is a scam in distributing relief material, the other says everybodys needs have been taken care off.
Whom are these people trying to satiate??
Are there anybody to wield the baton on these two unruly mob for running amuck??
Why do they exist?
When are we going to see unbiased journalism from these two?
A strict case of moral journalism giving way to commercial journalism. Both these channels act as a good reference point for aspiring journalists on what not to be.
The stark truth is that both are in a different world altogether.The reality is that the poor continue to suffer as most are done in by land mafia into settling down on what once were regular waterways. Build your sweet home on those waterways and you ought to see them disappear in the next rains.
A river should have its own course and when once man tries to outwit nature, nature has its own way of responding. Saidapet,Velachery or for that case, any place on earth, the message is clear. DO NOT ty to distate things to mother nature.
Whos bothered by the huge amount of precious water let out into the open sea anyway??
Why have we not learnt from the past mistakes? Had those waterways and lakes been desilted on time , such a situation would have been avoided easily.
Both these channels seem to have lost thoughts about these in trying to our-report each other.
Blame it on commercialisation.Blame it on viewers who encourage the TRP ratings of these channels by watching them.

Cheers until our next blog.

With regards,
Sajeeth.K