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basant
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   Posted: 22/Oct/2007 at 10:44pm |
Originally posted by kulman
The Laal Street Journal
To cut a Long story Short
Commotion at SEBI's HQ
(TLSJ reporter)
A riot like situation was reported by our journalist from SEBI's HQ. As per unconfirmed reports, the reason for the ruckus was conversation between Investment Bankers handling Rel Power's IPO and SEBI seniors which went like this:
SEBI: "Sir don't you know the meaning of RHP?"
iBanker: "Yes Sure Saab, it stands for Red Herring Prospectus, doesn't it?"
SEBI: "No.......it's Range Haath Pakadna"
iBanker: "Then what's DHRP, your excellency?"
SEBI: "Dekha... Range Haath Pakda !!"
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Array bhai ab Shantanu bhai ki tarah Marathon Ambani bhi TED pe ayenge lekin unka paigaam kaun layenge?
Prashantji kya aap kuch farmayenge?
Edited by basant - 22/Oct/2007 at 10:47pm
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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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kulman
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Posted: 23/Oct/2007 at 1:25pm |
The Laal Street Journal
To cut a Long story Short
TLSJ Exclusive: IT Biggies to Di-worsify
(Our reporters from Bangalore, Hyderabad, Chennai)
There was a secret Video Conference between CxOs of four IT biggies this morning to ponder over present scenario & future of IT, ITES sector in general & mull diversification. In an exclusive sting operation our hackers could eavesdrop on some portion of the conversation. Here's a slice of it....
CxO-i: "Gentlemen, since our sector is not performing well on the bourses, our organisation is seriously thinking about a foray into Realty which seems to be in vogue. Afterall, we have acquired a lot of land under SEZ scheme."
Cxo-w: "Yeah, I second your opinion. In fact our board of directors would be meeting very soon for an EGM to amend MoA to include Retailing operations. You all know that we already our own FMCG product range."
CxO-t: "The traction seems to be more in BFSI space. We are planning to apply for a Banking license. In spite of good results & guidance our stocks are beaten down by the markets whereas Pvt Banking Stocks have all outperformed us hence this thinking. And then we could always utilise strong experience, gobal delivery model with our inhouse IT products+solutions."
CxO-s: "You know what friends.......I can't agree more on this with you all. Having said that, we see lots of opportunities in Forex Trading. While hedging we have realised that you get to carry out leveraged trades & earn millions of rupees all in a matter of days."
For complete coverage on this Video Conference, please visit www.bh#$%#.org which by the way is a pay-per-view portal where one needs to pay through nose.
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Life can only be understood backwards—but it must be lived forwards
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kulman
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Posted: 23/Oct/2007 at 9:31pm |
The Laal Street Journal
To cut a Long story Short
MARKET OUTLOOK: Bole TAU
Due to public demand, TLSJ is pleased to start a new column wherein we get tips & tragedies err...strategies from a TAU jee.
TLSJ: What do you feel about Markets with F&O expiry this week?
TAU: Markets are poised very interestingly. Global and local cues would decide the direction.
TLSJ: Such prediction can be done even by 5th grade student. Tell us more specific targets.
TAU: Hmmm.....If Nifty is able to cross its previous high then the next logical target is another 10% rally.
TLSJ: And if it doesn't?
TAU: Then it is a double-top formation. Markets would correct.
TLSJ: What if it crosses previous high, achieves your target & then corrects?
TAU: It's a classic sign of a false break-out.
TLSJ: And if the bull rally continues for months together...?
TAU: Blame it on liquidity, my friend. Having said that, market looks a bit top-heavy and over-bought to me. But it would be choppy.
Edited by kulman - 23/Oct/2007 at 12:18pm
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Life can only be understood backwards—but it must be lived forwards
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India_Bull
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Posted: 23/Oct/2007 at 9:36pm |
Nice one Kulmanjee,
Having said that looks market is going to be volatile in the short term. but who knows ....
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India_Bull forever Bull !
www.kapilcomedynights.com
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omshivaya
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Posted: 23/Oct/2007 at 11:40pm |
The problem with TAUs I just realized is simple: "They have to answer every question". They cannot say, "When it breaks-out, maybe I would GO LONG with a SL" and then for the rest of the questions, just shut up.
They have to provide AN ANSWER FOR EVERY SITUATION.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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kulman
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Posted: 23/Oct/2007 at 11:58pm |
Another issue is they come on biz TV to advertise themselves & to get subscriptions. It's there business to find clients.
I met a Mungerilal this afternoon. He had heard an expert analyst speaking on TV few days ago about how he helped a client double money between breakfast & lunch (within few hours) just by buying some options over phone. Our inspired & over-excited friend tried to 'play' with options for jhatpat money. It is needless to say the end result was devastating. Galti analyston ki nahin hain....woh apne Laal ki hi hain.
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Life can only be understood backwards—but it must be lived forwards
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kulman
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Posted: 24/Oct/2007 at 11:16pm |
The Laal Street Journal
To cut a Long story Short
P.Notes: The Confusion Prevails
(TLSJ reporter)
SEBI Had invited leading FIIs and domestic Brokerages for a roundtable on policy issues with ODIs also known as Participatory Notes.
According to the source who did wish to be named but was present at the meeting, the confusion still prevails amongst market participants.
Even after heated arguments for over couple of hours the delegates could not come to any conclusion over a contentious issue of KYC-norms.
As per SEBI officials, KYC stands for Know Your Customer. Whereas brokerages were pleading that in their book it means Knock Your Customers.
The meeting was then adjourned. Grapevine has it that the issue would be resolved upon FM's return from foreign tour.
Edited by kulman - 24/Oct/2007 at 11:21pm
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kulman
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Posted: 25/Oct/2007 at 11:42am |
The Laal Street Journal
To cut a Long story Short
Pharma Major's Promoter to exit?
(TLSJ reporter)
One of largest domestic Pharma company's Promoter is rumoured to be in talks with foreign QIBs & investment bankers for exiting the business.The promoter holds 42% stake.
As per our highly placed sources who do not wish to be identifed, the major concern for the Promoter is non-performance of the stock on bourses. Leading investment banker is believed to have advised him a structured product, details of which are as follows:
A strict stop-loss has been put at a two rupees below 50-DMA. As per iBanker's strategy, promoter could buy back entire stake no sonner the sector is in vogue on bourses and only after 200-DMA is breached on the upside on closing basis in a momentum market.
Our sources also inform us that another Options Strategy was proposed but Promoter got angry and tried to Strangle the tie-wearing representative of iBanker.
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