 |
| AFTER ALL, WHAT WAS MORE IMPORTANT, IN THE END,THAN LOVE? |
காதல் மட்டும் காரணமில்லை,
உன் பிம்பத்தின் மறுபக்கம்
நீ ஒளிந்திருக்க...
- மஹிந்தீஷ் FROM AN EXPERIENCE
Remember,We are neither a bear nor a bull, We are just an (agnostic) opportunist. We want to make money short- and long-term. We want to find good situations & exploit them.
Despite we had written and told many traders in India and
across the glob, “Best Money will always be Minted in
Bear Market or by going short!”
-We Don’t care about the fundamentals or Economy
etc, etc (that too in India??? - Never in life!)
-Everything is Manipulative - it has been told here
many times
- 95% of the stocks are MANIPULATIVE ONLY !!
Market is wholly relying on FII’s flow
& nothing else
We’ve all heard the proselytizers of trade planning bemoan lesser traders that they need to follow their trade rules. Yet, emotional traders still dominate the retail trading landscape. After hearing about how bad they are for acting as they do, they flagellate themselves for allowing emotion to enter into their trading
decisions and re-dedicate themselves to discipline trading
without emotions. But who are we to judge why and how
someone else trades with their money?
Of all the different types of trading styles, I find the
emotional style of trading the most entertaining.
It is more human and natural than a game of probability.
There is personal stuff at stake. Anyone who preaches to
you that you need to stop it and get a plan is really
preaching to themselves. They are healing a wound,
or trying to convince themselves that they no longer
participate in the egregious activity of trading without one.
They are essentially scared of their emotions.
You cannot detach yourself from your emotions.
If you want to trade based on emotions, I support your
decision. After all, it’s your money and it’s not my place
to tell you what to do with it.
Rules. We think of them as ‘made to be broken’ for a
good reason. Rules are limiting and suffocating.
Yes, we need some basic ones in our lives, but as soon
as a method of trading is defined as a rule, the inner
workings of the imagination begins the task of find ways
around it. It’s only natural. Our total human experience
cannot be contained with stupid rules. And who is
making these rules anyway? Why are they valid?
We all know that rules are put in place because we
basically don’t trust someone (maybe ourselves) to do
the right thing when the time comes.
Rules are really a false sense of security. Your contrary
imagination will find a way around them, as water
finds its way around rocks. It takes more than rules
to prevent yourself from being stupid.
You don’t stick your hand in a fire because you’re f
ollowing a rule that one should never stick their hand
in a direct flame, but rather you’re resisting the urge
because you have some common sense and an
underlying urge towards self-preservation.
Become comfortable with yourself. And if you are
recovering from the horror of losing large sums of
money due to your own compulsive behavior, please
don’t preach to the rest of us about how much we
need to follow rules.
If you should decide to employ trading rules, have it be
because you choose to make your trading simpler,
not because someone told you that you need them.
(to be contd)
-90% of the Stocks are still looking very weak ,
But now maximum in oversold zone.
-Reversal may take place (according to Gann time theory
at the end of the 66th day)
Friday is the 67th day from the high of 6338
(registered on NOV 05 2010) and Nifty started showing
some signs of a pull back rally on Friday.
(Bollinger Band indicates Between 5150–5250 too
indicates that)
But, still need to confirm with the closes of forthcoming
sessions anyway.
Risk Lovers can start buying small qty.
MAKE AN IMPORTANT NOTE OF THIS:
Counter rally will be very sharp
From 6200 till friday not even a single day,
We had written to Buy NF or any Stock.
-We are near short-term bottom,
HOWEVER OVERALL TREND is
STILL DOWN DOWN DOWN!
Right, What to expect now at the start of
this week? – let us go through….
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – FEB 14
If trades above 5313 for 15 minutes today
see an hike upto 5340 and
if 5342 is crossed decisively with good volume
more intraday hike upto 5366-5386-90 is possible
On the other hand,
If it trades below 5311 for 15 minutes
see a non-stop slide upto 5272-5253
After breaking these levels today, watch more
panic upto 5235-5218 even.
BANK NIFTY
Buy btwn 10527-41
T1 – 10586-610
T2 – 10624-33
T3 – 10662
Sell btwn 10403-389
T1 – 10344-19
T2 – 10306-297
T3 – 10268
Disclosure:
1. Stoploss levels, reverse trades are exclusively to the subscribers.
2. Solely I have all the rights to stop this free tips
at any moment.
Subscribe as soon as possible and earn more.
Join hands with us and enjoy pals.
Comedy Of Errors
Spare few minutes for this article pls (if possible comment !)
Reliance A(NIL)-Comedy Of Errors Or A Man Wearing
Two Hats?
Two Hats?
Anil Ambani has gone to press once more, talking about
an invisible bear lobby which is attacking it’s stocks and
mauling them in the process. He may be right or maybe just underlining the panic that investors are facing today.
an invisible bear lobby which is attacking it’s stocks and
mauling them in the process. He may be right or maybe just underlining the panic that investors are facing today.
A few years ago the Ambani scions split up their
father’s empire.
The younger Mr. Ambani got Power, Telecom
and Infra businesses.
All ventures were new and hence suspect from
profitability point of view.
father’s empire.
The younger Mr. Ambani got Power, Telecom
and Infra businesses.
All ventures were new and hence suspect from
profitability point of view.
-Reliance Natural Resources had no business model,
except distribute gas from KG6.
except distribute gas from KG6.
-Reliance Communication had CDMA technology
which was considered inferior to GSM tech.
which was considered inferior to GSM tech.
-Reliance Energy had the power gen and distribution
business of BSES.
business of BSES.
-Rcap did nothing except promote the Reliance MF.
What happened since then?
-First, in an attempt to step out of the shadow of his elder
brother, Anil created a separate identity as Reliance
ADAG group.
brother, Anil created a separate identity as Reliance
ADAG group.
-Second, in an attempt to grow he acquired Adlabs,
and bid for UMPPs under the subsidiary route of Reliance
Energy by creating RPower.
and bid for UMPPs under the subsidiary route of Reliance
Energy by creating RPower.
Unfortunately, the younger Ambani lost the claim to KG6
gas and lost the business for RNRL. In a mockery of stock
markets and its regulators, RNRL instead of going for
liquidation was merged with RPower.
gas and lost the business for RNRL. In a mockery of stock
markets and its regulators, RNRL instead of going for
liquidation was merged with RPower.
Rcom made an attempt to go GSM, and then created a
multitude of businesses by breaking into bits Adlabs into
DTH/Movie business and Radio FM into Reliance Media.
multitude of businesses by breaking into bits Adlabs into
DTH/Movie business and Radio FM into Reliance Media.
RPower made a mega issue 3 years ago amounting to
Rs 10000 crore at Rs 450 per share. With no project near
commissioning, the stock got ripped. Claims were made and
allegations made on rivals. A bonus to non promoter
shareholders was made and then RNRL was merged with it.
Rs 10000 crore at Rs 450 per share. With no project near
commissioning, the stock got ripped. Claims were made and
allegations made on rivals. A bonus to non promoter
shareholders was made and then RNRL was merged with it.
As things stand no business of RADAG is near fruition,
all have long gestation period and stocks which suited VC
players should never have been listed. Reliance Energy now
named Reliance Infra is offering a Buy-Back.
all have long gestation period and stocks which suited VC
players should never have been listed. Reliance Energy now
named Reliance Infra is offering a Buy-Back.
RADAG has decided to drop ADAG from it’s reference point
and call itself a Reliance group company. Reliance Infra shares
a similar sounding name with Reliance Industrial Infra-owned
by his brother. So in all likelihood, instead of distancing from
the other Mr. Ambani, Anil Ambani is trying to gain some
leeway from his brother’s company.
and call itself a Reliance group company. Reliance Infra shares
a similar sounding name with Reliance Industrial Infra-owned
by his brother. So in all likelihood, instead of distancing from
the other Mr. Ambani, Anil Ambani is trying to gain some
leeway from his brother’s company.
The point is, should promoters be managing stock prices or be
responsible in turning good corporate performance. If they
cannot, then changing technology, splitting companies,
changing business models, doling out bonuses, and offering
buy-back will not assuage investors who are seeing their life
savings go down the drain.
responsible in turning good corporate performance. If they
cannot, then changing technology, splitting companies,
changing business models, doling out bonuses, and offering
buy-back will not assuage investors who are seeing their life
savings go down the drain.
In the end, the two Ambani’s remain billionaires have 40-50
storied homes in Bombay, and the poor remains struggling
on the Bombay City Trains. The dreams seem over for
those millions.
storied homes in Bombay, and the poor remains struggling
on the Bombay City Trains. The dreams seem over for
those millions.
Finally, why a buy-back of stocks why not just de-listing?
And why change names? Why not just wear two hats?
And why change names? Why not just wear two hats?
More Bad NEWS for Indian Stock Market?
Decline from just over 20,000 at the end of last year to
17,592 on Wednesday has reduced valuations from
their previously toppy levels.
The market’s forward price/earnings multiple for 2011
is now 16 times,versus 18.7 at the start of the year.
But that’s still above the market’s long-term average of
13.8 times and above the average of 14.2 for MSCI’s
emerging markets index.
So the bargain hunters are unlikely to be rushing in en masse.
Goldman Sachs only darkened the mood on Wednesday
by putting out a client note in which it said:
A critical concern for investors in Indian assets is sustained
high inflation. There is considerable uncertainty about the
timing and magnitude
of the peak in inflation.
It raised its inflation forecast for the 2012 financial year to
6.7 percent from 6 per cent and – pointing to the purchasing
manager survey in the graph below – said input and output
price expectations are at recent highs
That’s not even the end of the bad news. Describing 2011 as
“a year of mounting challenges for India”, Standard Chartered
analysts said that even after high inflation and moderating
growth are digested, there is India’s fiscal position to
worry about.
They wrote in a report:
In FY12, we estimate that the fiscal deficit will widen
to 5.1-5.2% of GDP on a lack of one-off revenue gains,
along with increased
expenditure driven by political considerations in an
inflationary environment (inflation is expected to
average c.6.5%).
This deviation from the fiscal consolidation path could
negatively affect investor confidence.
RIL GETS INSIDER TRADING NOTICE
The Securities &Exchange Board of India (SEBI) will issue
Reliance Industries (RIL) a fresh showcause notice for
violation of insider trading regulations.
The markets regulator has twice (November 2009,
August 2010) rejected RIL’s request to pay a consent fee
(a settlement reached through negotiation). Sources
familiar with the developments said the appeals were rejected,
as the consent fee offered by the company was too
low, given Sebi’s Rs 500-crore estimate of RIL’s gains
from alleged insider trading.
Recently, R-ADAG Chairman Anil Ambani agreed to pay
Rs 50 crore as a consent fee, subject to certain conditions,
in a case pertaining to the diversion of funds of group
companies to purchase shares of a sister firm.
The RIL case pertains to the 2007 dealings in shares of
now-delisted subsidiary Reliance Petroleum (RPL).
The regulator had launched quasi-judicial proceedings
against RIL after it found violations of insider trading
regulations, following an investigation into the trading
pattern in RPL stock between November 1 and 29, 2007.
RPL was merged with parent RIL in 2009 and delisted from the stock market. Sebi first issued a showcause notice
to RIL in May 2009, while the initial probe had begun in
early 2008.
RIL had sold 4.1 per cent equity in RPL in the open
market in November 2007. However, to ensure the
transaction did not hurt market sentiment, RIL first sold
RPL in the futures and then the spot market while
covering the shares sold in futures.
During the process, RIL generated revenues
(sale consideration) of Rs 4,023 crore and its profit from
the transaction in the futures segment was estimated at
around Rs 500 crore.
Sebi had said that since the company was aware of the sale
of equity and sold futures prior to that, it amounted to i
nsider trading. However, the company has maintained
that all rules and regulations have been complied with.
RIL had also said that its action was driven by “protection”
of market sentiment and that the gain was recorded in
the company’s balance sheet.
When contacted today, a company spokesperson declined
to comment on the issue.
Sebi’s stand was that if the sale in futures was to protect
market sentiment and not to earn profit, the unintended gain
should be deposited with Sebi as a settlement amount.
RIL, however, is said to have offered a much lower amount.
There have been offers and counter offers, but consent could
not be reached.
The penalty for violation of insider trading norms is
Rs 25 crore or three times the gain — whichever is higher.
TRADING & EGO
Some typical symptoms of egotistic trading would
* Not putting in stops. The ego doesn’t want to be
proven wrong.
* Hesitating before putting on a trade.
The ego wants reassurance before it begins.
* Overtrading. The ego wants to prove itself big time.
* Getting stuck in a trade. The ego has intertwined itself
with a trade and is holding on for dear life.
It cannot cut out. The ego doesn’t want to be wrong.
* Adding to a losing trade. The ego digs its hole deeper
in a massive effort to crawl out.
* Grabbing a profit too soon. The ego wants a pat on the back.
PURPOSE OF TRADING
money. The trade is planned, entered, and exited with the goal
of increasing the size of one’s trading account. What other
purpose would there be?
The dictionary says this about purpose:
“something set up as an object or end to be attained :
intention b: resolution, determination”
What about:
The purpose of trading is to not lose money.
The purpose of trading is to practice discipline.
The purpose of trading is to use my talents.
The purpose of trading is to grow.
The purpose of trading is to practice discipline.
The purpose of trading is to use my talents.
The purpose of trading is to grow.
Or how about:
The purpose of trading is to express my true nature.
I was meant to be a trader.
Maybe the purpose of trading is simply to trade.
Because that is what you have been called to do,
or what you are meant to do, or it’s the highest expression
of your nature as a producer rather than a consumer.
When you trade successfully, you are disciplined, you are
growing, you are using and developing your talents, you are
making money, and you are creating wealth from scratch.
But most of all, you are trading because it’s the right thing
to do for you.
(Refer to ‘OUR POLICIES’ in blog archives
if you have any queries)
For further details,
Contact Admin (Analyst) @
(0)9788563656
MESSAGE TODAY
You need chaos in your soul to give birth to a dancing star.
-FRIEDRICH NIETZSCHE
RELAX CORNER
How come Goldman Sachs got off lighter
than Tiger Woods?
Goldman screwed less people
JUST SMS TO YOUR PAL
99 percent of lawyers give the rest a bad name.
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