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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.