Thursday, July 31, 2008

WINNING STROKES: THINK DIFFERENT:
My yesterday's morning intra-day calls, Tata Communications Ltd, Sterlite Industries Ltd, and Suzlon Ltd flared up and reached the targets: My Short term calls, Punj Lloyd and Sathavahana Ispat Ltd also did well yesterday, especially the former. Punj Lloyd was earlier recommended in this blog at arond Rs.205--Rs.210. I think many of you who bought believing me have made good amount of money in this call: K Sera Sera Productions Ltd hit the buyer freeze with good volumes: Reliance Industrial Infrastructure Ltd hit another buyer freeze on the news that it will get continuous supply of orders from the Reliance Group and will not be affected by any adverse interest rate regime, in future. Reliance Industrial Infrastructure Ltd has very low equity base of around Rs.15.1, but have continuous and growing order book position:
So how will the markets behave tomorrow and where to put the money??? Why did Ennore Coke Ltd fell today?? Is there a bad news on Ennore Coke Ltd??
Many investors/ traders send me mails asking me to either lower the subscription fees or give month facility. This is absolutely not possible as the charges for the Paid Services were fixed after considerable brain storming sessions, with my juniors and cannot be revised. This is not a fish market that you go for hard bargains. I give some service which has some quality and is charged at minimum. If anyone feels that I am charging more than what it should be, then he/she can safely join any such services on the Internet. These days there are so many of them. If you want to join my Paid Services, you have to Pay what is prescribed by my company. I am infact thinking of hiking the subscription fees because of around 12% inflation. So please do not send me these kinds of requests, they will not be entertained:
Oil gains $5 after US government reports gas supplies fell unexpectedly: I think the US has started to play with the Crude Oil. This is because when the demand for the liquid gold is falling everywhere or in every sector and also when the summer driving is mute this time, with the demand for gas going down dramatically, these kinds of figures from the US Coffers are absolutely ridiculous and seems manipulated. The US should stop sending wrong signals to the world. If it starts sending manipulated data, then the rest of the world will follow it....:
NEW YORK-- Oil prices shot up Wednesday, jumping as much as $5 a barrel and halting a dramatic two-week slide after the government reported a surprise drop in gasoline supplies. Also supporting prices was news that Israeli Prime Minister Ehud Olmert will step down in September, a move that raised doubts about progress for U.S.-backed Middle East peace efforts in the oil-producing region. The big advance raised questions whether crude's steep decline was overblown, but also whether the pullback has now brought prices closer in line with flagging U.S. demand. Still, analysts offered mixed views on whether prices would return to record levels hit earlier this month, with some saying crude could surge higher and others calling Wednesday's rebound a temporary bump. Light, sweet crude for September delivery soared $4.53 cents to $126.72 a barrel in afternoon trading on the New York Mercantile Exchange. Earlier, prices jumped more than $5 a barrel, marking crude's biggest one-day rally since July 10, when prices ended $5.60 higher. The contract had fallen below $121 a barrel earlier in the day, and closed $2.54 lower on Tuesday at $122.19 a barrel. The Energy Information Administration said in its weekly inventory report that U.S. gasoline supplies fell by 3.5 million barrels last week. Analysts surveyed by energy research firm Platts expected gas supplies to increase by 400,000 barrels. U.S. crude stockpiles also fell by 100,000 barrels last week, less than the 1.3 million barrels analysts had predicted. The drop in gas supplies suggests record oil prices haven't curbed U.S. fuel demand to the extent that some energy market analysts had anticipated following crude's frenzied run above $147 a barrel earlier this month. "We came into this report expecting lousy demand and it wasn't as bad as expected. It's stopping the bearish momentum that we've seen over the last few days," said Phil Flynn, analyst at Alaron Trading Corp. in Chicago. Also boosting prices Wednesday was a report by Goldman Sachs, which affirmed its earlier forecast that crude will hit $149 a barrel by the end of the year. The investment bank called weakness in U.S. energy demand "transient rather than permanent," saying the fundamentals of falling oil production and rising world energy consumption remain intact. Past forecasts for higher oil prices have caused jumps in prices as speculative buyers are drawn into the market. Still, other analysts said oil's recovery doesn't mean prices are about to go higher again, but rather shows that traders saw a short-term buying opportunity after Tuesday's sell-off. "I still expect to see further air being let out of this balloon," said Stephen Schork, an analyst and trader in Villanova, Pa. He noted that U.S. demand for energy is falling across most sectors. Inventories of distillates, which include heating oil and diesel, rose by 2.4 million barrels, more than the 1.8 million barrels expected, according to the EIA report. And Americans continue to cut back on their driving to cope with almost $4-a-gallon pump prices. The average price of a regular gas fell 1.5 cents on Wednesday to $3.926, according to auto club AAA, the Oil Prices Information Service and Wright Express. "We clearly have demand destruction," Schork said. Before Wednesday's modest rebound, crude prices had dropped in seven of the last 10 sessions, and are down about 17 percent from their peak above $147 a barrel earlier this month. Prices remain about 60 percent higher than at this time last year. Comments from OPEC President Chakib Khelil indicating he did not see a need for the oil cartel to cut production if prices continued to fall were also pressuring oil prices, according to analysts at JBC Energy in Vienna. The dollar was stronger Wednesday against the euro, but the oil market seemed to be ignoring a trend that ordinarily would pressure prices. Investors buy commodities as a hedge against inflation and a weaker dollar but tend to sell when the American currency strengthens. Oil also gained Tuesday's announcement from Royal Dutch Shell PLC that it may not be able to fulfill some oil export contracts after Nigerian militants sabotaged a pipeline in the Niger Delta. Militant attacks on Nigerian oil facilities have trimmed nearly one quarter of the country's regular daily output. The strongest Nigerian militant group, the Movement for the Emancipation of the Niger Delta, said it sabotaged two pipelines early Monday in the southern oil-producing region. In other Nymex trading, heating oil futures rose 4.48 cents to $3.517 a gallon while gasoline prices gained 11.83 cents to $3.126 a gallon. Natural gas futures fell 11.3 cents at $9.017 per 1,000 cubic feet. In London, September Brent crude rose $3.34 cents at $126.05 a barrel on the ICE Futures exchange.

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