A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
PG Electroplast IPO at Rs 210 sizzles on listing yesterday and hits upper circuit at Rs 493 today !….don’t get seduced by this Item Girl !….If in,get out before the Dance ends !…don’t be so enamoured as to consider marriage ! I’m really worried that the same old IPO Game is allowed to play out […]
Sensex and Nifty Capitulates today !…down over 4% each as we near closing !…why am I not surprised ! It’s 3.07 pm and the Sensex is down 715 points or 4.19 % at 16350 and the Nifty is down 215 points or 4.19% at 4920 levels Cheers !
Todays Economic Times Headlines scream that Auditors warn of ‘Kingfisher Airlines’ being a ‘going concern’ problem in the making! http://economictimes.indiatimes.com/news/newsbyindustry/transportation/airlines/aviation/Vijay-Mallya-promoted-Kingfisher-Airliness-auditor-BK-Ramadhyani-Co-raises-doubts-over-companys-survival/articleshow/9987287 http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/kingfisher-airliness-auditor-raises-doubts-over-companys-survival-stock-falls/articleshow/9989691 In mid 2009,I had blogged twice on KF Airlines…once when their Cheques were bouncing and later when they valued their Brand and took loans against this ! Some Wednesday Wanderings !…May’s Heat
Auditors warn of ‘Kingfisher Airlines’ being a ‘going concern’ problem in the making! Read More »
Traders need to check this out http://www.financialexpress.com/news/movement-of-big-us-shares-harks-back-to-black-monday/844321/0 The corelation of the top 250 stocks in the S & P 500 has reached 81%…the highest in a long time…the all time high was 88% in the Wall Street Crash in October 1987 when in a single session the Dow plunged 22% ! This means that 81% of
Your Equity Approach & Strategy will or should depend on whether you want to make money or don’t want to lose any ! So if you are a guy who sweats at falls you ought to be taking less risk and looking at the ‘N’o or Low risk ‘N’s…NHPC @ Rs 25 and NTPC @ Rs 175 But
IPO Disasters…Orient Green @ Rs 14 & Tirupati Inks @ Rs 8 ! …A 10 Month countdown to Blast Off!…10,9,8,7,6,5,4,3….down 70% + IPO Scrip BSE Code Listing Issue Size Rs Crs IPO Price Rs Current Price Rs Market Cap Rs Crs Volumes % Erosion from Issue Price Orient Green 533263 8/10/2010 900 47 14 658