Stocks

Deposits in banks safe, no reason for anxiety: RBI

Posted by : panasonic

RBI Governor D Subbarao said the central bank was geared to inject more liquidity into the country`s financial system....

Tata Steel hammered down. Big arbitage players in the counter

Posted by : souravkundu

HK saab.... welcome on Tisco board.

My buy orders for Tisco are pending at 250 levels... I just hope that I get it at that valuations... :-))

I guess this correction is god sent to us... provided we have faith and believe that recession is not permanent... and that sooner than later valuations will pick up with fundamentals... and the same FIIs will be flocking these stocks... and I swear I will not sell my shares to them cheaply... I will sell the same Tisco shares to these FIIs at five times current valuation... and I know they will...

They have been rap*ing the retail investors time and again... its time the retail investors tighten their asses and break the FII dicks...

How is your portfolio looking by the way...? After more than 3 years, my entire portfolio shows only one color...

regards,
Sourav

Difficult times for IDFC

Posted by : vam_aru

Dear Mukut,

Even though the street signs looking bullish on the Markets now, we will see a selling pressure come to every level, as more persons took the stocks at dirt cheap rates, and when they see a 25 % or 30 % rise they can not resist but to sell, This will bring down the market again and again. I see a strong resistance at 3800 levels for nifty.

Reliance will Fall Below 1200

Posted by : panni

if reliance goes down to 1200, then will sensex go down to 8000

ma short term calls

Posted by : BullSheetRules

Dear vtycoon,

last time you ask me the level.

Here is some interesting information that you may find useful!

Looking at the data and chart, Expect PNB to go below 400 level in ST to MT with UPPER SL around 530!

Gud luk & happy investing! :)...

DONT DO ANYTHING

Posted by : Guest

is seems my sunilbenares has posted the same message in all the stocks that he owns......not bad... but by trying to be an analyst(should appretiate has done considerably good by mentioning not be be leveraged and not to panic. though practically it is difficult i guess) has missed out on certain vital points,,,

1) surely the defination of indiabulls is not bluechip....
2) many indian banks have exposure to CDO transactions although in very less volume. In fact icici is one of the major players in indian CDO market....Pass through certificates or bonds based on asset underline. Though this might not be strictly compared with the complex derivatives of western economy.
3) the cascading effect of credit crunch that might engulf the world economy albait how much india is affected is anybodys guess. hope our sunilbenara has built a card house in his child days wherein if the topmost card fell it brought down all the cards till the bottom.
4) the very fact that indian stock market is still dominated by FII.
5) real inflation directly affecting the marginal power to consume and to spend.
6) Icici bank or any other bank can only finance big projects if money is available to be lend at the required time and rate to the borrower.

i think what FM has told in media is a good ending note: `take informed decisions` and mr sunilbabu bhadhiya hai.. what views do you have on gujarat govt decision to take advantage of majority ownership of psu`s and withdrawing 30% profits not non company purposes...this are real issues we should discuss that directly effect our investments..

DONT DO ANYTHING

Posted by : libran.

Buy ICICI Bank at every decline. ICICI has been battered mercilessly, it has a lot more intrinsic value, once share recover back to 500 plus leves all this bearish boarders will come back and ask if that is a right value to buy, this is very symbolic of every bull and bearish phase, when markets are moving up like crazy, overvalued looks very cheap to everyone, when markets are falling like there is no tomorrow, all great stock appear to be so expensive at undervalued levels, this stock is sure to bounce back, it was good time to buy it yesterday when it dropped to almost 320 levels and I did bought 200 more, If it beaten more I will buy more. It is a very strong back with very sound fundamentals, I have a great respect for Mr K V Kamath, I am sure he wont hide anything if banks has to absorb huge losses... so people who apply their own wisdom can do what they feel is correct, do not sell in panic and do not follow baseless rumours and bearish calls... happy investing.

Decoupling days are coming ahead.........

Posted by : treasureddhan

Across the Country, Fear About Savings, the Job Market and Retirement
By LAURA M. HOLSON
Published: October 11, 2008
A year ago, Robert Paynter was comfortably retired and looking forward to years of refurbishing old cars and boating from his dock on Lake Norman in North Carolina. Over a 17-year career at Wachovia, he amassed a pile of stock and options from the bank that he had assumed would be worth more than $600,000.



Jim Wilson/The New York Times
Pat Emard, 65, of Aptos, Calif., worries about having to go back to work. “People have lost faith in our government,” she says.


Jessica Kourkounis for The New York Times
“Maybe we have to readjust our expectations,” says Nicholas Gaffney, with his wife, Marie, and their son, Quinlan, 2.
But now the options are worthless, and he watched the value of his Wachovia shares shrink to about $15,000 before he sold all of them this week after the bank succumbed to the financial crisis and its stock fell to fire-sale prices. The rest of his investments are in free fall.

“It’s like having an out-of-body experience,” said Mr. Paynter, 61. “It’s like being in a hospital bed and watching yourself dying. Whatever the bottom is going to be, I wish it would just get there. It’s the every day, watching the blood drain out of it, that’s hard to take.”

To be sure, he has enough savings to not worry about missing any meals. But Mr. Paynter is resetting his plans for retirement, and has already canceled a trip with friends to Europe next year. “Today I’m O.K.,” he said. “But a year ago I felt like I was in great shape.”

Across the country, Americans are tallying their many losses from the relentless rout in the markets. Financial message boards on the Internet are filled with confessions of fear — about hits to savings, job security and scuttled retirement plans.

“My plan was to never work again,” wrote one person who posted a comment on Bogleheads . org, a Web site for investors who follow the long-term investing advice of John Bogle, founder of the Vanguard funds. “But somebody called me yesterday to see if I was interested in a job, and I am thinking maybe I will go back to work.”

It is not just the declines in savings that people are feeling, reflected in the shrinking balances on quarterly banking statements now arriving in mailboxes.

Based on interviews around the country last week as the market continued its steep slide, many people say they are sensing losses beyond the short-term hits to their portfolios. Some feel a loss of faith in the United States and its government. Others are lowering their sights for the kinds of lives they expect to lead in coming years

Decoupling days are coming ahead.........

Posted by : treasureddhan

Mr. Fisher’s job in R.V. production has been reduced to four days every other week. “For a family of five, this is a big deal,” he said. “We have three kids, and two of them are in high school. We are hoping to find a way to send them to college, but you can’t send a kid to college on eight days of work a month.”

Whether voters here believe that Senator John McCain, the Republican presidential nominee, or Senator Barack Obama, the Democratic nominee, can offer solutions to the dire economy seems a matter of greatly mixed opinion. Mr. Fisher is planning to cast his lot with Mr. McCain, while his wife said she would vote for Mr. Obama.

“I just feel like McCain’s idea to tax your health care insurance is ludicrous,” Ms. Fisher said. “People in Elkhart are ready for a change, and they don’t think it’s going to come from McCain.”

Political yard signs in the area seem to be about half and half, and interviews with people on the unemployment line break about even, too. But that in itself may be remarkable. Indiana has voted for a Democrat for president exactly once since 1936: in 1964, when Lyndon B. Johnson took the state.

In some of the political talk, there are undercurrents of something other than concern about Mr. Obama’s relatively short experience in Washington.

“I think Obama’s kind of arrogant,” said Theresa Ghrist, 40, whose work schedule has been reduced at her R.V. plant. “When it comes down to it around here, people are going to vote color, and I don’t think people are ready to vote for a colored president. I don’t care myself, but at work a lot of people talk color there.”

A co-worker, Jim Podemski, agreed with her assessment, but added, “I wouldn’t want to vote Republican again.”

While it may be hard to find a consistent political opinion in Elkhart, it is not hard to find people in pain. Nearly every street seems to have a house for sale or rent. Storefronts are newly shuttered. Masses of residents huddle outside the unemployment office, dragging on cigarettes and trading stories of companies that left, late unemployment checks, job leads that may or may not come to fruition.

“It’s horrible here,” said Alicia Egas, 26. “My fiancé just got laid off. We have four kids, and we’re not getting any income except for his unemployment. Food stamps are not giving us very much, and we’re behind on rent, we’re behind on utilities, and those are threatening to get shut off. And of course it’s impossible to get a job around here that makes any money. I’m stressed. We’ve never been this low. I’m voting Obama because hopefully he can bring a change.”

Kelly McCrory, 41, called Mr. Obama the “lesser of two evils.” He will vote for him, he said, “because his vice-presidential candidate has a lot more on the ball than McCain’s.”

Mr. McCrory was one of the last people at his plant to lose his job, on Sept. 11. “I was in the R.V. industry like everyone else,” he said. “I’m a lot better off than most people because I planned. But I’m down here filing for unemployment so I don’t take the last trip down the toilet bowl.”

Decoupling days are coming ahead.........

Posted by : treasureddhan

ELKHART, Ind. — To understand just how grim things have gotten in this northern Indiana town, consider a new law passed last month by the City Council that limits residents to one garage sale a month.

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It seems the perpetual garage sales — which for scores of people in this town are a sole source of income, and for others the only source of clothing — were annoying some residents. The restrictions will make the financial pinch that much tighter.

“I have no other option,” said Todd Baker, 34, who lost his factory job in July right before his wife gave birth to their third child. Friday was his last permissible day to sell old children’s clothing, muffin tins, a fake white Christmas tree, stereo speakers and dozens of household doodads out of his garage.

“I’ve never missed a day of work in my life,” Mr. Baker said. “Man, I’m shocked that I have to shut this down. My neighbors are usually out here, too. We’ve got regulars who are in the same situation, or lost their house, and when the bank took it, they took everything that was in it. I’m just trying to do as much as I can because the heat bills are going to go up 25 percent this winter, too.”

Elkhart, near the Michigan border in an area known as Michiana, is the white-hot center of the meltdown of the American economy. Its main industries, the manufacturing of recreational vehicles and motor homes, have fallen apart over the last year because of high gasoline prices. That has taken down ancillary businesses like R.V. parts suppliers and storage warehouses.

The jobless rate in Elkhart has increased more than in any metropolitan area in the country; it rose over 4.8 percentage points from August 2007 to August 2008. According to labor statistics released this summer, nearly 10,000 people were out of work, a rate of 9.3 percent.

“I’m just dwindling to the bottom,” Melinda Owens, 24, said as she emerged from the unemployment office.

City services are on the decline, and hold-ups are on the rise — there were nine armed robberies or attempted armed robberies on convenience stores in just the last two weeks. On Friday, the front-page news of the paper, The Elkhart Truth, was about a local plastic company that was actually not closing its plant.

The busiest spot in town seems to be the unemployment office, where 20 people stood in line on Friday and streams more passed through. Bryan and Christy Fisher were among them. The couple lost their house to foreclosure this year, then found one to rent; next week they will downsize to an apartment.

Decoupling days are coming ahead.........

Posted by : treasureddhan

American know only two thing one starting with s and other left to judgement of the readers