Hope your portfolio is back to normal now :)
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Hope your portfolio is back to normal now :)
yes!!!... market ennai rombe sodhikkalai... :) I wanted to book profits on some weak / extremely overvalued stocks in my portfolio but this unexpected fall din't give me the chance to do it... Had I done it, I would have had a chance to buy better, stronger companies cheap now...
The Reliance Power Board has approved a bonus issue of 3:5 shares
http://www.moneycontrol.com/india/ne...e/10/01/327651
:lol: :hammer: :angry2: :banghead: :lol:
dev.. why this mixed reaction ?
but the reliance power share prices should fall further as the networth will remain the same, where as the denominator increases.. let us wait and watch what the indian public do
First off, the pricing was way toooo high for a company which is going to begin full fledged operations(if atall it does)
only after 5 yrs... adhukku namma makkal kuduttha reaction(over-subscription)-ku :hammer: :banghead: Just make a comparison with NTPC & anyone with some common sense will understand how highly priced this IPO is...
Once the price started falling, he transfered assets from Reliance energy to reliance power to boost the share prices, which to me is not ethical... adhukku :angry2:
& now andha dhaana prabhu has given a part of his holding to the retail investors to boost investor confidence... As far as I know, a company cannot issue bonus shares to one class of shareholders (I might be wrong here & I guess there might be some loopholes which is why the SEBI has not questioned it so far)... He's doing all these so that he can get good price for his future IPOs... No ethical businessman will do such things in the name of protecting shareholders... If he is more concerned about maintaining the share price than adding value to the business, I don't understand the logic there...:angry2:
& the :lol: :lol: are for the ppl's reaction to all these drama... just read thru the msg board for some of the comments...
http://www.moneycontrol.com/india/st...marketprice/RP
PPl who speak the fact are called pessimists & anti-reliance guys now... :lol: Sentiments & emotions might work for sometime in the stock markets but if one wants to be in it for the long run, just get rid of the sentiments & look at business as a business... Sentiments can overshadow facts at times(most of the times)!!!...:)
Kaathai kaamichu kaasu pannuradhu eppadinu ippo thaan paarkiren!!!... :P
I also felt it was over priced and i didnt apply for the IPO and when my colleagues asked me why i am not applying, my answer was "I know it will quote lesser than the issue price, so i can always buy in the open market". But i was taken aback when the issue was over subscribed by multiple times.. it reminded me of the following dialogue in a tamil film :)
Goundar : dei enda sirikkira :evil:
Senthil : indha ulagatha nenachen sirichen :lol:
:lol: tht dialogue fits well for this situation...:)Quote:
Originally Posted by mgb
Illadha businessai forecast & value pannuradhai vida irukira businessai analyse , forecast & value pannuradhu easy...:) anyway... lets enjoy the drama...;) :)
could someone tell me which brokerage is ideal for new investors. There are advertisement for reliance, icici, motilal, Geojit.
Depends on what kind of services you are looking for from the brokerage...:)Quote:
Originally Posted by wrap07
If it's just a simple demat & online trading a/c, I would recommend Kotak securities... I have my a/c with them for the past 2 1/2 yrs & am very happy with their service/customer care/...
thanks a lot for your kind reply. I will now puruse that. :D
since i am unaware of any other services and i am new to this share trading , could u elucidate further if it is okay for youQuote:
Originally Posted by dev
You can look into the brokerage firms' websites to learn more abt the diff types of accounts they offer & other services like portfolio management services, assist accounts(http://www.kotaksecurities.com/assist/whyassist.html) etc...
markets are down, so is this thread?
Hey Gp :) How are you?
GP, :D...
how about your inves GP and Dev?
Mine is down and limping :lol:
Idhu ellam enna kelvi indha market conditionla!!!... mine too is in the red...:)Quote:
Originally Posted by great
I've invested in three shares... I invested in the month of june....
ippad, adhunga gadhi adho gadhi than :cry2:
I bought a share for 24 rs.... Now the cost of one share is 10rs :rant:
Eppo seri aagum-nu theriyala... I think i would be able to sell them in a decent profit only after jan'08.
:lol: :lol: Naan 3 digit irrukum pothu vaangina stock , ippa double digit around 20 something 8-)Quote:
Originally Posted by viraajan
down and out / down and limping difference irrukula :lol:Quote:
Originally Posted by dev
Dish tv when i bought it was around 90 something , now its around 14rs . waiting for the single digit , so that i can average my cost :lol:
Aiyo... enna vida mosama irukke unga nelamai... :lol:Quote:
Originally Posted by great
Hmmm... wait pannalam :|
That is what you are supposed to do if you are young ! :lol:Quote:
Originally Posted by viraajan
No panic selling! the stock market will bounce back with time. If you have extra cash buy some stocks that have taken a beating ! :lol:
Raj, I'm not good at predicting the maket :oops:
Do you think its wise to invest on share... I've been watching some shares which have seen the worst in October. This is the right time to buy them. But will the market ressurrect? :confused2:
Predicting the market is a full time job. I think you are fully employed now. At your young age I would pick a mutual fund and make regular contributions. You can also buy some individual stocks as long term investment. That was what I did. I invested regularly in one stock and my retirement savings is diversified. You should have regular saving habit. If your company has a plan make full use of it. I do not speculate in stock market.Quote:
Originally Posted by viraajan
:ty: very much Raj....
Yes, I've invested in mutual fund...
I've invested a very little amount in shares (somehwere around 4-5k ) just for little earning....
Yes, I've plans to buy few more shares as long term.. Need to wait for few more months to accomplish this... :)
For a long term investmebt, how many shares can we buy :roll: ,
At presnet, i usually 50-100 shares :)
It is not how many ! It is how much ( you can afford). For emergency have a savings account. The rule of thumb is to have six months' salary in savings in case you have to leave your current job. Once you have that you can invest in stocks and bonds. There is no rule that fits everyone. Your first goal, I am sure, is to build a house, if you don't own one. Real estate seems to have done well in Madras. From the stories I hear it is risky unless you can take care of it yourself or have somebody you can trust.Quote:
Originally Posted by viraajan
:cool2: I have :)Quote:
Originally Posted by rajraj
:exactly:Quote:
Originally Posted by rajraj
But buying a house now is possible only after 6 months. I'll be joining a new company in the month of Dec or Jan. So to be eligible for this, i need to work atleast for 6 months in a co.
Thank you very much for your suggestions Sir :) :ty:
You are welcome ! :) I have not said anything that I have not told my sons ! :lol:Quote:
Originally Posted by viraajan
Nandri appa :) :yessir:Quote:
Originally Posted by rajraj
A good time to start buying stocks is when noone talks abt the stk markets... that is when the market will be somewhere near the bottom... & a good time to start selling is when everyone talks abt stock mkts & put their money into it even though they know nothing about it... :)
:)Quote:
Originally Posted by dev
:exactly:Quote:
Originally Posted by dev
I'm planning to buy few more share in this week.... :boo:
Its very expensive as well !! Out of reach.Quote:
Originally Posted by rajraj
Gold is also a good option.
Viraajan, this is the correct time , invest and in 6 months you can make minimum of 15-20% return . MF is also a good option SBI Magnum fund is a good option , during jan it was around 65 something now its around 20s . Go for Dividend option rather than Growth.
thread becomes active. :D
hope markets too bcum active soon. 8-)
very 5n. :DQuote:
Originally Posted by great
wen mkts were above 20k, my returns rose by 90%. my wife said v shal buk profit.Quote:
Originally Posted by rajraj
I said v shal buk profit after v get 100% return.
but it ws al bear mkt aftr tat.
'No panic selling! the stock market will bounce back with time.' - this is wat I am saying to myself for all these time. :lol:
GP: It will go up (with time) ! :) I have seen it go down a lot three times in the last 40 years! But not this bad ! Hang on ! :lol:Quote:
Originally Posted by sgokulprathap
[quote="great"]great: I am fully aware of it ! :( The house I built in 1976 ( in Madras) will be out of reach for me today! :( In fact, it is valued more than my house in the US !Quote:
Originally Posted by rajraj
Bangalore: Satyam Computer Services founder-chairman B Ramalinga Raju has resigned from the IT major's board after admitting a multi-crore fraud in the company’s accounts.
In a notification to the stock exchanges, the Hyderabad-based IT firm said Raju and Managing Director Rama Raju had resigned early Wednesday and that the Securities and Exchanges Board of India (SEBI) had been informed.
In the regulatory statement, Raju said that the company had fraudulently incorporated a non-existent cash component and inflated the bank balance to reflect Rs 5,040 crore (Rs 50.4 billion) as against Rs 5,361 crores (Rs 53.61 billion).
''No board member had any knowledge of the real situation. Accrued interest of Rs 376 crore in books is non-existent. About Rs 1,230 crore was arranged to Satyam, but was not reflected in the books,” he said.
CNBC-TV18 reports that the account manipulation started years ago. "It was like riding a tiger, not knowing how to get off without being eaten," Raju said in his resignation letter to the company’s board of directors, in which he listed major financial wrong-doings over the years to inflate profits.
"I sincerely apologise to all Satyamites and stakeholders, who have made Satyam a special organisation, for the current situation," said Raju. "I am now prepared to subject myself to the laws of the land and face consequences thereof."
Raju recommended DSP Merrill Lynch be entrusted the task of "quickly exploring some merger opportunities," but the investment banker informed the stock exchanges that it has terminated its engagement with Satyam.
According to Raju, Ram Mynampati will act as an interim CEO. The resignations, ahead of January 10 board meeting, pushed the company into crisis and paved the way for immediate restructuring of the board and the management.
Shares of the company plunged by over 40 per cent soon after the resignations. Satyam, considered a ripe proposition for acquisition, was pushed into crisis after Raju was forced to abandon the acquisition of Maytas Infrastructure and Maytas Properties promoted by his son.
In a regulatory filing the company said Raju would continue to be the chairman till the board is expanded. "Under the circumstances I am tendering my resignation as the chairman of Satyam and shall continue in this position only till such time the current board is expanded. My continuance is just to ensure enhancement of the board over the next several days or as early as possible," said Raju.
An account of the confession
Raju said the fraud was “marginal” when it started but then grew over the years. "What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years," said.