WINNING STROKES: THINK DIFFERENT
Nifty as expected touched 3000 much to the displeasure of the bears. I have already mentioned that as long as the Nifty is above 2900 or between 2900--2950 range we do not have much problem downside. The upper targets and strategy to be followed by the traders in the days ahead will only be mentioned to the Paid Groups.
My recommended Refex Refrigerants Ltd at around Rs.23, to the Paid Groups is hitting continuous buyer freeze. Last time also the stock zoomed after my recommendation from Rs.67 to more than Rs.300 in just 6 months time frame. The company has a wonderul business model. But the problem is that some jealous people do not like my success and has started a "mud throwing campaign". But I hardly care these fools, liers, fanatics, selfish investors and idiots who are only giving an indirect publicity to my blog and my writings---this is evident from the increase in the number of queries from the free members, in the last few days. I know how to kick the garbages into drain and move ahead. I have been helping people for free, through Internet since 2003-04, and would continue to do so, but it seems helping all & sundry without thinking of monetary gains is not at all good.
So now I think time has come for me to take a more selective approach as far as the Free Services of SumanSpeaks are concerned. The New Membership requests to my Yahoo Group (Free) has already been changed from "Membership does not Require Approval" to "Membership does Require Approval". This will put some barrier to the unhindered and unbridled access to the Groups contents and use of it for malacious purpose; by vested interest persons.
I have received some important/valuable informations on Kohinoor Broadcasting Corporation Ltd (good or bad??!!!) yesterday, which will be passed ONLY to the Paid Groups and to some of my select well-wishers, by next week.
My Recommended Lok Housing Ltd hits 6th consecutive buyer freeze silencing my critics. Many of the "Great Analysts" said this stock, Unitech Ltd and DLF Ltd are dead, but look what happened to these counters. This is what happens when people hear to all those "idiots", who proliferate various forums these days. Now these people have mud on their faces....
Even Kamanwala Housing Construction Ltd and Prajay Engineers Ltd gave good returns to the share holders in matter of some days. I do not know how some analysts value land holdings or how can the value of land which such companies own become zero suddenly??!! Vijay Shanti Builders Ltd, Srinivasa Shipping & Property Developments Ltd or HDIL Ltd has huge land holdings and hence one has to take into consideration these holdings while evaluating the share price of these companies.
Book some profits in VBC Ferro Alloys Ltd, DCB Ltd, Kamanwala Housing Construction Ltd and Refex Refrigerants Ltd on Monday and keep holding the rest with a stop loss. How much stop loss??? ONLY TO THE PAID GROUPS!!
Essar Shipping Ltd and Marg Ltd hit another buyer freezes. It seems there is no stopping of both these counters. Chowgule Steamships Ltd is lying low at Rs.23.4 even though the company came out with very good results in September, 2008. With the fall in the price of fuel charges, I think the shipping (or transportation) stocks are looking very attractive. Buy in bulk and enjoy.
KEC International Ltd moved up by around 4.99% yesterday with good volume. What to do with this counter now...?? The stock was again strongly recommended only some days back at Rs.112--Rs.114.
BGR Energy Systems Ltd (BSE Code-->532930) almost hit the buyer freeze on last Friday before cooling down a bit. The stock will be multi-bagger going forward.
Madhav Marbles & Granites Ltd hit the buyer freeze with good volumes. This is the stock where United India Insurance Company Ltd & Emkay Global Financial Services Ltd A/c Derivativesh holds substantial shares in the company. The company has generated good amount of money due to the depreciation of INR. It is more or less and export oriented company.
The Sunday Report to the Paid Groups will be sent a little late tomorrow due to some problems at my hand and also due some difficulty in choosing the stock to be recommended in the Report. In any case the stock would be from the Power Sector, but I have not decided till now which one to recommend. If the Paid Group members do not receive by 12 O'Clock mid-night of 21st December, 2008, they should immediately send me a mail. The "Quickie Group Members" (Short Term Calls) would however get the calls by 9.30 am Monday.
Moreover please do not send me requests for discounts in the Paid Services while applying for fresh subscription. The discount period which ended on 15th December, 2008, remained for one month when many wise investors got registered to my Paid Services. I do not think you will get too many services these days in the market, which are similar to what I give at this price tag. This time I am seriously thinking of starting an SMS Service for those persons/traders/investors who do not have the access to Yahoo Messenger during the office hours.
Japan unveils record budget to bolster economy
TOKYO : Japan's budget will balloon to a record high next year as the government embarks on a spending spree to battle an ever-deepening recession.
In a draft budget released Saturday, the Finance Ministry suggested an increase of 6.6 percent to 88.5 trillion yen ($990.9 billion) for the next fiscal year _ the biggest ever figure in an initial proposal.
The world's second-largest economy fell into a recession in the third quarter, and the signs since then point toward more misery ahead. The latest outlook by the Cabinet Office projects Japan's economy to shrink this fiscal year and manage only flat growth the following year.
The budget proposal said general spending will rise to 51.7 trillion yen ($578.9 billion) in the year starting April, even though tax revenue is projected to fall 13.9 percent to 46.1 trillion yen ( $516.2 billion).
As a result, Japan will see its primary budget deficit jump to more than 13 trillion yen ($145.6) from 5 trillion yen ($56 billion) this year, and will boost bond issuances by 31.3 percent to cover the revenue shortfall.
The expansion is likely to derail Tokyo's efforts to slim down toward its goal of balancing the budget by 2011. But Prime Minister Taro Aso, facing plummeting popularity ratings, has made it clear that this is no time for fiscal discipline.
On Friday the central bank cut its key interest rate to 0.1 percent, joining the U.S. Federal Reserve in pushing borrowing costs close to zero. And in its gloomiest assessment this year, the Bank of Japan cited the harsh impact of tumbling exports, weakening domestic demand, job losses and growing credit crunch.
``Under these circumstances economic conditions have been deteriorating and are likely to increase in severity for the immediate future,'' it said in its statement.
The prime minister has responded by introducing a slew of fiscal stimulus measures, including a 27 trillion yen ($302.3 billion) package in October and a 43 trillion yen ($481.5 billion) plan earlier this month.
The Cabinet on Saturday approved a 4.79 trillion yen ($53.6 billion) supplementary budget for this fiscal year through March to fund some of the stimulus steps. Among Aso's measures are expanded credits for small businesses, lower highway tolls and a cash payout to every household to spur spending.
Still, it may not be enough to trigger a turnaround for Aso and his Liberal Democratic Party, which looks increasingly likely to lose its decades-long grip on political power.
The embattled Aso has repeatedly come under fire for verbal gaffes and a lack of leadership through the global economic crisis. His approval rating has plunged to about 20 percent in the three months since taking office.
The draft budget is scheduled for Cabinet approval on Wednesday and will likely be submitted to parliament in January.
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