WINNING STROKES:THINK DIFFENENT:

Unitech Ltd jumped to Rs.54 today, giving a gain of more than 80% in just 4 trading sessions. I had questioned Ms.Susan Thomas, when she said in a TV Programme that market should determine the price of share and market is always right in a given time.

I proved her wrong, that market does not follow bookish rules and behaves irrationally in some circumstances. This is the problem with the academics---either they jump topic (Mr.Deepankar Gupta of JNU) or has no control on what they say (Prof . V K Malhotra of BJP). My recommended English India Clay Ltd jumped to Rs.293 today, before going for profit booking. The company has started its co-generation plant and is coming up with a rights issue at Rs.1000 (Rs.990 premium) per share in the ratio of 1:6 (One new equity shares for every six equity share) to part finance the upcoming starch manufacturing project at Shimoga (Karnataka). The Company came out with spectacular results for the September, 2008 quarter.

My Intra-calls on UTV Software Ltd, Praj Industries Ltd and SBI gave good returns Intra-day. My Recommended UB Engineering Ltd hit another buyer freeze.

Aurobindo Pharma Ltd went for heavy profit booking after its was advised in the morning mail (there was a general message on this front).

I do not know how MoneyControl compares the mighty prowess of Rakesh Jhunjhunwala with that of fool named Sha*kar Sh*rma. That day that fool was just blasted off the ring by Rakesh Jhunjhunwala and Samir Aurora. Now that his brokerage is in shambles, he has started to give advertisements on Television Channels.

Another thing and this one will rob-off the wicked smiles from the faces of Udayan M. In a programme this fellow castigated Samir Aurora saying that, "You asked all to buy and now they have burned their houses". Let me make the things right and bring out the bluff, from this fellow, who things he is too clever. He can fool all but not me..........He me put things in perspective:

1. When Samir Aurora asked all to buy shares, we all bought in last March, 2008 only to sell at a profit in May--June period. He was right in saying that if you say, "Fire fire all the time, people will get scared unnecessarily".

2. I remember Udayan asking all to sell houses and buy shares only 20 days back, when the Sensex had not broken the 9965 mark. But within 7 days, after his historic words, the markets collapsed and the rest is history. So who is buffing in front of National Television?

3. Udayan was seen saying in Feb-March period, "We are trying to drum up sentiments in the market". I remember, I commented in this blog that we do not want things to be drummed up, but we need correct things to be presented.

Hence when Udayan says that, "I am not here to say good things....people understands his hidden agenda".

Bhai I am here in this market since last 10--15 years and I know who has what agenda behind their brains when they utter something in front of public. Otherwise I would not have been successful in this field dominated by my Gujarati and Marwari brothers. So let not Udayan lecture us too much about his virtues---we all know where the needle goes after it is thrown in a pond.

I think the sweet girl Namrata Brar got carried away by the too much hoopla created on banning short selling--she forgot to distinguish between short selling and normal selling in a TV Programme. This is what happens if you get too much misinformation from all sides.

I think another person who needs some coaching is Ram**h Damani. When the government was trying to put restrictions on P-notes he supported to government's move saying it is justified. Now when there are talks of some Sovereign Funds buying undervalued shares from the open market he, talks of Free Market. "Bhai up kya pagal ho, or you want to make others pagal"??!!. I have been watching you since a long time and your character resembles the ever "eccentric", Dr.Y V Reddy. Were you both "Separated at birth"??!! Please do not confuse socialism with everything. If possible please read the "Collective works of V I Lenin" if you want to know more about communism. Your half knowledge on the subject is creating problems for all and sundry.

Anyway, where is the markets heading for the next week?? Which sectors to concentrate on ...Is this the right time to buy for the long term.....or we should focus on the short term??

What is the breaking news on Phoenix International Ltd and Ennore Coke Ltd which is about to hit the stands within a short time. What is the latest on ASM Technologies Ltd??

The attitude of Sh*v S*na in Maharastra might be embrassing B*P in other states; the latter has a pan India presence. Could anyone explain to me what Mr. Uddh*v Thakr*y means, "Hum apna logo ke liye kam kar raha hoo". Who is "Hum" in his Speech?? I think soon similar parochialism will start in other states also and we will end up having a civil war like what is happening in Afghanistan or Pakistan. These kinds of statements are only creating ill feeling among various communities in India.

Another thing which I cannot help mention is that, I do not know how will Maharashtra survive if whole of India Boycotts goods produced in this state....??? Is it possible to imitate what Adolf Hitler did in the last century, in the present circumstances???

Gujarat also gives sizable revenues to the government, but why we do not have these kinds of problems there?? What about West Bengal, Andhra Pradesh, Tamil Nadu, Delhi, Uttar Pradesh, etc.???? I can say that a sizable section of Taxi Drivers in Kolkata are Biharis.

But did we here anything like this in the last 60 years or after independence?? This is the Power of Bengalis to accomodate everyone with affection and warmth of feelings.....

That is why Ghokle said in the last century, "What Bengal thinks today, India thinks tomorrow".

In Assam also we find Bihari labourers getting killed by militants. Can anyone decide where he/she will be born?? What is this...?? Is there any law and order in India.

Much of the Films industry has already shifted to Noida, Hyderabad and to some extent to Kolkata, due to this kind of ostrich mentality. This kind of intolerance will only breed violence and will not bring in any lasting solution.

The problem is that people fear death too much and hence do not speak out......if the things do not get cooled down in sweet words people all over India should boycott things made in Maharashtra (like Mahatma Gandhi did in his non-cooperation movement).

Even stop watching Television Programmes or Television channels which are telecasted from the Studios in Bombay.

People all over India should come to Kolkata to learn how organise a movements.....and know how to fight against aggression and oppression.

However, people should Refrain from taking law in their own hands--they should organise peaceful demonstrations only (best is non-cooperation movement)....I do not support what that guy from Bihar did that day in a bus in Bombay--though police action is equally condemnable.

China cuts rates, Fed and others set to

NEW YORK/LONDON - China and Norway kicked off the latest round of global interest rate cuts, with the United States expected to follow later on Wednesday as policy-makers tried to soften the world's economic downturn.

The Europe Central Bank and Britain are expected to add to the worldwide monetary easing next week as authorities remain fearful that the worst financial crisis in 80 years will cause a long global recession.

China increasingly appears to be the world's last center of growth and has said it would not fall victim to the crisis. It cut its interest rate to 6.66 percent from 6.93.

The Federal Reserve is widely expected to cut U.S. rates on Wednesday by at least half a point to 1 percent, the lowest level since June 2004.

Norway's central bank cut rates by 50 basis points to 4.75 percent, ending more than three years of tightening.

The rate cuts lifted stock markets for much of the day but analysts said any recovery would be short-lived given that a sharp economic downturn was already in progress.

"Enjoy the party while you can," said David Buik, market commentator at Cantor Index in London.

Japan's Nikkei index ended up 7.7 percent and European shares climbed 5 percent, with sentiment boosted by China's rate cut. U.S. shares opened lower, following the second-biggest ever rise a day earlier.

The United States has entered a recession which will last longer and do more damage than any other since World War Two, the former head of the U.S. National Bureau of Economic Research, Martin Feldstein, was quoted as saying.

JAPAN MAY CUT

The Bank of Japan will consider cutting rates at a policy meeting on Friday but will watch market conditions before deciding, a source with knowledge of the matter told Reuters. A cut by the world's second-biggest economy would "send a message to the world that Japan is cooperating with other nations in tackling the financial crisis," said Koichi Haji, chief economist at NLI Research Institute in Tokyo.

The European Central Bank and the Bank of England are expected to ease policy at their regular meetings next week.

The ECB is expected to cut a half point off rates to 3.25 percent, their lowest in two years, according to a Reuters poll.

An executive board member of the ECB said growth in the euro zone would be lower than expected.

"Confidence will not return until we stop to think about the measures which have been taken and we can see financial institutions resuming their normal activity," Jose Manuel Gonzalez Paramo said in a newspaper interview.

BAIL OUTS

Governments have pledged about $4 trillion to support banks and restart money markets to try to stem the crisis set off by the bursting of a bubble in the U.S. housing market.

As credit lines have dried up, a growing number of governments have had to look for help from global lenders.

The IMF, European Union and World Bank agreed to a $25.1 billion economic rescue package for Hungary.

Ukraine, which has been offered $16.5 billion by the IMF, was told to pass legislation through its fragmented parliament or risk no loan, higher inflation and a default on its debts.

Central bank chairman Volodymyr Stelmakh said failure to secure the loan would lead to "double-digit inflation ... as well as moral discredit and declaring default.

Ukraine's hryvnia currency sank to historic low of 7.05-7.20 to the dollar.

In neighboring Belarus, run largely along command-economy lines, the deputy central bank head said the country was optimistic about agreeing a $2 billion IMF loan, and was ready to liberalize its economic policies.

Pakistan's central bank governor said it was in no danger of defaulting on its debt but was considering whether to expand on technical help with the Fund.

South Korea denied speculation it was seeking IMF support but said it would ease won liquidity requirements on banks to help bring down their funding costs.

The Fund has agreed a $2.1 billion loan to Iceland, where the financial system has all but collapsed.

IMF officials have said that the fund may need additional resources in a prolonged crisis and European Commission President Jose Manuel Barroso said on Wednesday China and the Gulf countries could do more to help the Fund support countries hit by the financial crisis.

The European Union's executive also said the bloc's crisis funding facility of 12 billion euros ($15.3 billion) might not be enough and should be increased.