WINNING STOKES: THINK DIFFERENT:

Ranabaxy Laboratories Ltd shone yesterday also, after my buy call a couple of days back turned out to be an instant hit: Yesterday's Intra-day calls were all hit with Century Textiles Ltd giving the maximum benefits intra-day. Intra-day Praj Industries Ltd also did well. Yesterday, Southern Online Bio Technologies Ltd rose after the news of it making hefty profit due to recent hike in Diesel prices and selling of additional produce spread. I was the first one to mention this in this blog: Kohinoor Broadcasting Corporation Ltd rose on the news that it will be put in the "B Group" shortly: Phoenix International Ltd, Ennore Coke Ltd, VBC Ferro Alloys Ltd, Aarti Industries Ltd, Wanbury Ltd (recent Sunday Report call), Radha Madhav Corporation Ltd (recommended a couple of weeks back to the Paid Groups on the Sunday Report), Stone India Ltd (Recommended 3 weeks back on the Sunday Report), Jhunjhunwala Vanaspati Ltd (Recent Quickie Calls) etc. did well. Moreover my earlier recommended Indsil Electrosmelts Ltd, Basant Agro Tech, CHD Developers Ltd, IKF Software Ltd, VBC Industries Ltd also did well yesterday:

The U.S. stocks retreated yesterday, pushing the Standard & Poor's 500 Index to its lowest level in two months, as banks and transportation companies plunged on speculation faster inflation will force central banks to raise interest rates. Lehman Brothers Holdings Inc., the fourth-biggest securities firm, and Washington Mutual Inc., the largest U.S. savings and loan, sent financial shares to a five-year low. Burlington Northern Santa Fe Corp. led railroads to the steepest drop in six years after UBS AG said the company may cut its profit forecast. FedEx Corp. and United Parcel Service Inc. slid after oil surpassed $136 a barrel. Oil rose after a U.S. government report showed that inventories fell more than expected, increasing concern stockpiles may be strained. Crude for July delivery gained $5.07, or 3.9 percent to $136.38 a barrel.

But then the question is who is making profits in Oil?? Someone is making profits.............and so where are all those Petro-dollars going/moving to....?? I think most of the analysts across the world (including those from Big brands) think on the same lines and have herd mentality---these fellows do not either have the acumen to think on different lines or they like to stick to what the majority speak. Very few of the US analysts speak of decreasing US deficits due to weakening dollar. Also, very few analysts speak that the demand for a majority of the commodities will drop after the completion of Beijing Olympic Games. So how can they forecast the inflation picture for the next 12 months---it is virtually impossible due to too much complex nature of problems grappling the world economy (in general) at present. Hence all these forecasts carry little significance to me. Thus, we should trade and make profits now without using our brains too much on useless details---that is buy on lows and sell on high, simple formula: The moot point is that someone is making money after selling oil at such a high price and will spend that amounts somewhere--be it in the domestic markets or overseas market?? What is so sacred about the comments that the world economy could slow in the next 12 months as fore-casted by World Bank, if drastic inflation control measures are taken---a fool in the street of Guwahati will understand this....Why don't World Bank predict what will be the value of Dow/Sensex/Nifty in the next 6 months, if the world economy slows down a bit or rises a bit......Even if they use all their resources at their disposal they will not be able to say this.....Lol.........So why should we invite fears thinking and thinking and thinking...about all these things to the minute details, instead of focusing on the how to make quick bucks from the markets using the skill-sets we have, even during the downturn or bad market conditions.....Also, the questions remain, have all these institutions lost their :Elite Status"?? What about the Arab Funds or more specifically "Shariat Compliance Funds" which are flush with petro dollars and are ready to enter the emerging markets??!! We should not draw any conclusion on some FIIs selling as they might be raking in some profits in the shares which were purchased long back.

I think with the US Presidential election round the corner, the Republicans will, try to present a comparatively good picture of the US economy within this September, 2008. Hence buy the shares for 6 months time frame to get returns, that you have not got in the last one year or so. I am very bullish on the Indian Stock market, especially after the news that some Arab or Gulf Funds are waiting to enter Indian Bourses and create storm. These days commodity prices are no longer governed by demand and supply alone but by many factors including the Speculation.

Thus, reverse happened to what was predicted by most of the US analysts some months ago regarding the demand for the commodites. These band of people (or so called analysts) predicted that price of commodities will drop as the US economy slows. But the US did slow, but commodity price shot over the roof due to speculation and weak dollar. Now no one could find those morons who fooled the world masses till some months back. So what is the remedy: Catch hold of the collars of these "Great people" who proliferate time to time on Media Channels and kick on their Butts, so that they never repeat these mistakes, again. Getting a degree in Economics does not guarantee that you have a great brain or have the brains to think independtly.

Straight from the Gut:

One point which I want to highlight today is, many times, people get a degree in Economics when they are unsuccessful in Science--so the best talent is always a question in Economics Stream, unlike in Science and Technology (especially those from IITs and NITs/RECs). What I mean to say is that the percentage of Garbage is more in Economics Stream than in Engineering or Pure Science or in Commerce stream (in some areas as Commerce Stream is still a Second Choice and sometimes third choice in North East, Bengal, Orissa, Karnataka, Andhra Pradesh, Kerala, etc). Chartered Accountants are nothing but accountants and hence they have limited understanding of the world economy, though may be good in analysing the dead data of companies, which may or may not have any relevance in the past. Good Balance Sheets of a company do not guaratee their future performance. Do they?? What is the guarantee that a healthy person will not become sick in the next 6 months???!! Hence I do not understand why Media has to give so much importance to Chartered Accountants everytime, instead of calling persons who have great experience in the market, from in any stream. Therefore, the conclusion!!

Moreover, the Indian Media likes to feed on the negative news most of the time as it gives crooks and idle persons (most of these breeds are housewives and retired persons) the much needed titillation, like now they are shamelessly cashing on a bizarre incident in Noida, involving a doctor---the family is already in distress and the media wants to put them in more distress, what a logic???!!! Whom are they doing great service by portraying such incidents. Are our children or the young population in general getting benefited by watching such tasteless stories, page by page?? I think the media cannot ransack our brains on the plea of freedom of press??? These days media seems to be more focused on these kinds of useless things to rake up their TRPs. Bu**Sh**!! Most of the TV Channels have turned into Tabloids in electronic form. When will the media guys stop cashing on these kinds of poor taste stories which helps none and focus on the Burning problems of Indian Economy??!! Aaj Tak and Star News have lost the standard, the former being the worse, both competing each other on how much to sensationalise and hit the lowest common denominator?? It is worth mentioning that these two belong to two rival political platforms and try to outwit the other, by presenting poor quality contents: But having said these, the Indian Electronic media is is more focused on thing which are near to Delhi or Punjab or Uttar Pradesh. Why?? What is the media coverage of people dyeing of hunger in Orissa or Andhra Pradhesh or Vidarbh or in Karnataka?? What is the percentage of population of Gujjars in India, that they have to be given such wide coverage??? What is the media coverage of the recent episode involving the Education Minister of Assam, who was caught giving bribe?? I do not think too many people have heard about this incident!! Why can't media highlight what Narendra Modi has done during his rule in Gujarat, instead of painting him as villain all the time?? I mean why negatives all time: if you present negatives, then you should have the courage to present positives also--otherwise this will be turned as Yellow Journalism. People in other parts of India should join my hands to Boycott these channels which are more Metro Centric (Read Delhi Centric) and come up with these kinds of low grade stories to fill up their kitties. I do not know how Dr.Prannoy Roy controlled NDTV Ltd is so fascinated by such gruesome stories all time, starting from Gujarat Riots to their step by step coverage of the Noida incident. It is worth mentioning that, their naked coverage of the Ghastly Riot footage in Gujarat actually precipitated more arson and looting some years back. Except raking in the mullah in term of advertising revenues by showing such footage what has these media channels done to bring the rioters/looters to book??? Then the question is who will teach the teachers. Are all these media channels which talk so big when some incidents occur think themselves to be angels from the Heaven. How long will Indian media feed on 3rd Rated stories---it is high time they stop all these nonsense on TV, so that our next generation is spared. Government should seriously think of putting some blanket restriction these kinds trial by the media:

Iraqi oil could help ease pressure on global economy: India

New Delhi: If Iraqi crude oil begins to flow into the market it can have a positive impact on the global economy that is already showing signs of retardation, External Affairs Minister Pranab Mukherjee said here Wednesday. He cautioned that oil prices are threatening to touch $150 per barrel and according to some experts could even reach $200 per barrel."It is important that the people of Iraq freely determine their political future and exercise control over their natural resources. Once this happens, perhaps an easing of the price burden could be expected," he said."I believe that it would be helpful if Iraqi crude oil begins to flow once again to its full potential. Once the Iraqi oil is again in the market, the overall spin-offs are going to be large, not only for the global economy, but also for the Iraqi people."He was speaking a function to launch a book, "The Ultimate Prize: Oil and Saddam's Iraq," written by India's former ambassador to that country, R.S. Kalha.Referring to the steep hike in the oil prices, the minister said, "This massive volatility is already having a negative impact on the global economy and is likely to retard growth and development."He justified the recent hike in the prices of petroleum products in India. "In the meanwhile, the government, faced with the present situation, found that there was no viable option but to increase oil product prices," he said."It is clear that the oil price hike is externally induced. It is not simply Indian economy that is bearing the brunt. The entire global economy is facing this crisis, with the developing countries taking on an unbearable burden."The minister pointed out that Indian economy that was growing at over eight percent a year since 2003-04 needed to maintain this growth rate for the next 25 years in order to pull out a large number of people from poverty and to meet the country's developmental deficit."For this, we would have to increase our primary energy supply by three-four times and electricity generation capacity by five-six times. By 2031-32 power generation capacity would need to be increased to nearly 8,00,000 MW from the current capacity of around 1,60,000 MW," he added.

Mukherjee pointed out that the country's proven resources of fossil fuel along with the "renewables" and hydropower were inadequate to meet India's long-term energy needs.Arguing in favour of expanding the country's energy basket, the minister said: "In my view, nuclear power appears to offer India the most potent means to realize its long-term energy security."