Wednesday, October 22, 2008

WINNINGS STROKES: THINK DIFFERENT:
HDIL Ltd gave huge return after it was recommended to the Paid Groups. BGR Energy Ltd gave moved up by 9.87% yesterday with good volumes. The scrip is going to be multi-bagger going forward along with KEC International Ltd. In 2003 also no one looked at the scrip but when it suddenly raced and moved above Rs.50 in matter of some days from Rs.20 something, people thought it will come down and then they will invest. The same thing happened when the scrip moved above Rs.100 and so on.......some people use too much of their brains in some useless things and never make money from the markets. Then they blame everyone except themselves for the mistake they have committed.
State Bank of India Ltd and DCB Ltd reached their targets which were given some days back.
Now the real estate stocks have started to move up as the companies in this space will make huge profits due to the fall in Steel and Status Quo in the cement prices:
Investors should lap up IT counters as the rupee is depreciating and the US economy is improving. The Federal Reserve on Tuesday introduced a new program to finance the purchases of assets from money market mutual funds as the government continued to search for ways to battle a severe credit crisis. The White House said Monday that President Bush was at least willing to consider a second stimulus measure to follow a $168 billion program passed in February and a $700 billion financial system rescue plan passed on Oct. 3, 2008. Democrats say any stimulus bill would include items previously rejected by Bush such as road and bridge construction money and help for state budgets. Another round of tax rebates is possible, too, to make the measure big enough to jolt the economy, which many economists think has already slipped into recession. Wall Street pulled back Tuesday as investors decided to cash in some of the big gains of the previous session. The Dow Jones industrial average was down 245 points in early afternoon trading, a retreat following a gain of 413 points on Monday.
Yesterday as usual some big Pundits (D*na M*hta and Sandeep Par**h) came on C*BC TV18 and started giving lectures on Short Selling and its merits in the markets, as if we are all fools and want their knowledge to widen our horizon (this is the difference between arm chair analyst and astute marketmen).
YES SHORT SELLING DO CREATE A BALANCE IN THE MARKETS, BUT THEN THESE ARE TOOLS WHICH ARE TO BE USED IN NORMAL CIRCUMSTANCES AND NOT IN SOME EXTRAORDINARY CIRCUMSTANCES WHEN SOME FOREIGN ENTITIES ARE COLLUDING WITH SOME LOCAL ENTITIES TO MANIPULATE THE MARKET AND CREATE FEAR PSYCHOSIS or taking the help of global uncertinties. What will C*BC TV18, understand the plight of hapless investors who have invested in the markets and are seeing their portfolio getting depleted everyday?? Otherwise they would not have called on these irresponsible fellows (D*na Mehta was a bit better) and showed their comments on National Televisions. Did you remember how they behaved only some months back, when they called in a so-called analysts name Ashu M*dan, when the markets were correcting and who was advising all to sell everything.....We all know that the markets bounced back after that and many got exit route, with minimum loss in their portfolio.
It is my constant writings in this blog, that might have forced the SEBI Chief to come out and give stern warning to some entities who are using the unfavourable global situation to manipulate the shares in Indian markets. My Kudos to Mr.Bhave and his team of experts for timely action otherwise, the situation would have been different.
It is to be remembered that when a patient is in ICU we need NOT give him vitamin doses but the foods which can be digested easily until his condition improves. If the diagnosis of the patient is wrong, what medicines a doctor will give is known to all!!!!
It is due to my constant writing here that I get 100s of mails everyday appreciating my move against the establishment and other vested interest groups.
It is interesting to note that otherday, when I spoke about the inefficiencies of ICICI Bank, CNBC TV18 surprisingly announced a programme in which one of the ICICI Bank's lady officer was involved. These bankers are shown in such a way as if they are from heaven and we are from earth, without forgetting that these people are refined version of our Road Side "Sahukars" (money lenders) and bask on the wealth of account holders!!
I blast the inefficient bankers if I find a slight anomaly in my Bank Account or face a little difficulty in any transaction in Bank---if they cannot handle my money, I know how to deal with these people.
These Bankers know that and understand that playing with my money and bank account is more difficult than making money from the stock markets.
Oil falls below $71 as dollar gains against
Oil falls below $71 as dollar gains on euro, OPEC production cut still weighs
NEW YORK -- Oil prices slumped back below $71 a barrel Tuesday as a stronger dollar overshadowed expectations of a sizable OPEC output cut and led investors to shed commodities bought as an inflation hedge.
At the pump, consumers got another price cut as a gallon of regular gasoline lost 3.4 cents overnight to a new national average of $2.89, according to auto club AAA, the Oil Price Information Service and Wright Express. Prices have fallen 30 percent from their July 11 peak of $4.11 a gallon and are quickly closing in on year-ago levels.
The dollar muscled higher against rival currencies as credit market conditions eased some and on speculation that the U.S. government might roll out another stimulus package in an effort to push the economy out of a deep downturn.
Investors often buy commodities like crude oil as an inflation hedge when the dollar weakens and sell those investments when the greenback rises.
Light, sweet crude for November delivery fell $3.36 to settle at $70.89 on the New York Mercantile Exchange. On Monday, the contract rose $2.40 to settle at $74.25 a barrel.
Crude oil is down 52 percent from its all-time peak of $147.27 reached July 11.
Alarmed by the rapid slide, the Organization of the Petroleum Exporting Countries, which controls 40 percent of the world's oil supply, is holding an extraordinary meeting Friday in Vienna. OPEC's president, Chakib Khelil, said Sunday the group is planning to announce an output reduction that analysts believe could total at least 1 million barrels a day.
But experts are divided over how much impact on OPEC cut will have on prices. Some believe waning global demand for energy will push prices as low as $50 a barrel, while others say a significant supply reduction could halt the downward the momentum.
"If OPEC does cut production, prices could return to the upside over the next three to six months," said Costanza Jacazio, an oil analyst with Barclays Capital in New York.
She said tighter global supplies could eventually push prices back toward the $90 range, a level believed to be favored by several OPEC members including Iran and Venezuela.
Oil-producing countries are facing steep serious budget shortfalls as oil prices come down from record levels. Khelil has said OPEC may cut output again at a meeting in December, and that the group considers the oil market oversupplied by about 2 million barrels a day.
Investors are also keeping a close eye on whether non-OPEC producers, such as Russia, will reduce supply as analysts lower price expectations for next year. Deutsche Bank on Monday cut its 2009 oil price forecast to $60 a barrel from $92 and predicted $57.50 for 2010.
"Producers are getting concerned about this downward spiral in pricing since the summer," said Victor Shum, an energy analyst at consultancy Purvin & Gertz in Singapore. "Some governments have based their budgets higher than current prices."
Oil market traders are also closely watching economic conditions in the U.S.
Federal Reserve Chairman Ben Bernanke told the House Budget Committee on Monday that a fresh round of government measures might help ease the country's downturn. There were also signs Tuesday of a reviving credit market as bank-to-bank lending rates eased further.
In other Nymex trading, heating oil futures fell 3.24 cents to settle at $2.1975 a gallon, while gasoline prices lost 2.82 cents to settle at $1.6919 a gallon. Natural gas for December delivery rose 10.1 cents to settle at $7.312 per 1,000 cubic feet.
In London, December Brent crude fell $2.31 to settle at $69.72 a barrel on the ICE Futures exchange.
Associated Press writers Pablo Gorondi in Budapest, Hungary and Alex Kennedy in Singapore contributed to this report.

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