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prosperity
Senior Member
Joined: 01/Sep/2006
Location: India
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Posts: 546
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   Topic: Is The Equity Desk biased against cyclicals?
Posted: 30/Aug/2007 at 1:16pm |
It was surprising to see no one talking about Tisco yesterday/today ..
It's not up on a technical news, but up on a fundamental news !
An Error which Market is/has_to correct !
Forget being bullish, TED is biased of ignoring commodities
These might be strong words, but i believe i have right to my opinion ..
Pardon me Basantji, if these have hurted you in anyway .. but that's truely the way i feel ..
Originally posted by prosperity
When Buffet says Posco, i hear Tisco  |
Originally posted by basant
Tata Steel is good to the extent that it has limited downside risk not sure about immediate upsides though. ALso the steel cycle turning could put it in some serious discomfort. |
Edited by basant - 30/Aug/2007 at 3:34pm
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India_Bull
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Joined: 19/Sep/2006
Location: United States
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Posts: 2296
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Posted: 30/Aug/2007 at 1:28pm |
Prosperityjee,
Investing in commodity stks has its pros and cons. I took exposure in TISCO when it was corrected sharply. I think the Corus aquisition is going to benefit TISCO immensely in another 2-3 years time.
Even WB , has started taking interest in commodity stocks.
So there are no enemies in Politics and Stock Market. Every person has its own investing style and we should respect that-
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India_Bull forever Bull !
www.kapilcomedynights.com
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basant
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Joined: 01/Jan/2006
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Posts: 18403
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Posted: 30/Aug/2007 at 1:35pm |
Originally posted by prosperity
It was surprising to see no one talking about Tisco yesterday/today ..
It's not up on a technical news, but up on a fundamental news !
An Error which Market is/has_to correct !
Forget being bullish, TED is biased of ignoring commodities
These might be strong words, but i believe i have right to my opinion ..
Pardon me Basantji, if these have hurted you in anyway .. but that's truely the way i feel ..
Originally posted by prosperity
When Buffet says Posco, i hear Tisco |
Originally posted by basant
Tata Steel is good to the extent that it has limited downside risk not sure about immediate upsides though. ALso the steel cycle turning could put it in some serious discomfort. |
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Seems strange that you should make a remark like that. I do not control all the posts at TED if anyone is bullish on TISCO let him write a post, let him argue, just because you are bullish on a stock and I have no idea on it does not mean I am biased on or against it. Sure, I never put my money in a commodity but that is a matter of personal bias and I have a right to my own thoughts.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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prosperity
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Joined: 01/Sep/2006
Location: India
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Posted: 30/Aug/2007 at 3:13pm |
Basantji,
I respect your right to your views.
Somehow, because everyone respects you and is thankful to you, somehow no one shares/discusses areas like commodities, etc. where you have very strong opinion.
There is nothing preventing them to write about it but considering everyone respects/is_thankful to you, no one feels encouraged to share/write.
I know you felt strange and possibly annoyed at me. At the back of my head, i was thinking of how moneycontrol messageboard is different than TED. There are thousands of positives of TED over moneycontrol messageboard. I guess i picked the only negative of TED over moneycontrol and annoyed you..
Again, I am Sorry for hurting you - that was not my intent ...
But if you can take that as a sort of positive feedback, you might understand from where was i coming from !!
Originally posted by basant
Seems strange that you should make a remark like that. I do not control all the posts at TED if anyone is bullish on TISCO let him write a post, let him argue, just because you are bullish on a stock and I have no idea on it does not mean I am biased on or against it. Sure, I never put my money in a commodity but that is a matter of personal bias and I have a right to my own thoughts. |
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basant
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Posted: 30/Aug/2007 at 3:28pm |
I was surprised at the argument not annoyed. See the people who are active at TED are all smart guys if tomorrow I ask them to buy Teledata I can bet not even 5 people (from the members) would buy. They talk reason and discuss it that way. If they bought Tv18 and made a 3 bagger in one year it was not because I was saying that but because they all did their homework (magnitude is debatable though)
I was never interested in Praj but still we have a thread on Praj, I never knew anything about Nucleus but still we incoporated it in the Emerging companies - Mid caps that can become large cap section so it is not what I want but what everyone wants and they do not like or dislike something because of me. Sure, my analysis does help in creating a mindset but I do it because that comes naturally out of me. I have no problems in Tata Steel the only thing is my incompetence to time the entries and exits.
Manish Dave is known to me for more then 3 years now and he invests in mostly commodities, Vivek Sukhani wants only dividends but that does not stop them to put their mind out here.
Probably if you expected me to write a short page on tisco and initiate a discussion then you should also understand that I cannot write on such companies.
I did write on Rain Commodities and it did go up about 70% in 3months but then I clearly indicated that I have no further idea and hence people could exit.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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smartcat
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Joined: 29/Mar/2007
Location: India
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Posted: 30/Aug/2007 at 3:57pm |
| There is nothing preventing them to write about it but considering everyone respects/is_thankful to you, no one feels encouraged to share/write. |
Members will feel encouraged to write about other companies, if the interface is similar to that of MoneyControl.com, where all the companies are listed in alphabetical order. Just click on 'T" and write about Tata Steel.
But this might require a bit of overhaul of the TED interface. Sub-forums like 'Emerging Companies' are subjective - because not everybody feels so.
Properity, just create a thread on a commodity stock you like and 'adopt' it. Eg: Devesh Kayal has nicely created and adopted the Champagne Indage thread by updating us frequently about the wine industry.
You don't need to be an expert in Steel stocks. Opinions will come forth automatically from members when you post a question or a news item.
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kulman
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Joined: 02/Sep/2006
Location: India
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Posted: 30/Aug/2007 at 6:15pm |
Usually I would have avoided to participate in such a debate.
- I don't think people respect or are thankful to Basant jee for his stock ideas only. I'm thankful to him for creating this eighth wonder called TED where one could learn a lot about emotional discipline. Here we have an opportunity to interact with & learn from many people who are better than us.
- We need to understand that Basant jee is not a superman to know about every sector. He is sticking to what he understands. Similarly readers must stick to their own circle of competence.
- As far as I recall Vivek bhai had excellently analysed how Corus acquisition would make sense to Tata Steel. I'm unable to locate that post.
- There is absolutely no obligation on members to invest only in TED-XI or only in the companies under some specific sub-forum.
This investing is such a game where we get emotionally charged based on a price which is determined by two completely unknown people (buyer & seller) executing a trade. I'm still trying to learn...and that's the reason I log onto TED.
Edited by kulman - 30/Aug/2007 at 6:17pm
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Life can only be understood backwards—but it must be lived forwards
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Vivek Sukhani
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Posted: 30/Aug/2007 at 6:27pm |
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Basant sir, I remember that once upon a time you got extremely annoyed with me for me something and you were very angry with me for a long period of time. Its like we need positive reinforcements when we communicate. even a negative reinforcement or punishment is fine so long as its not extinction. I was very hurt when you said you dont bother to read about steell or shipping........and it was that day I decided not to talk of any stocks for fundamental reasons. So, bruises are made mistakenly or unknowingly....... hence will use this opportunity to apologise for any mistakes or slights which I may have made and lets help each others out to make this forum a wonderful place for obtaining and sharing knowledge....
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