Tuesday, September 9, 2008

things playing out as expected .....

as mentioned yesterday, US did not have a massive flare-up and today morning, asia has given back 50 % of the gains
chances are that we will also give-up another 50/60 nifty points at the opening or in the first one hour
NSG trigger has played out and that also turned out to be a rather low key affair ..... everyone had expected a huge rally and sustained one ..... but it has turned out a rather damp squib ..... let the channel anchors show 4 to 5 % as big gains ... at the close i mean ..... but in their hearts, they must hv been mighty disappointed ........ now i expect these stocks to drift lower and settle at same or slightly higher level than last week lows .....
as we witnessed in textile quota episode, the dog eat dog world outside, is much more competitive than the cosy environment of domestic business where all kinds of protections are available and no hanging sword of exchange rate fluctuation .....
i will write more about this nuclear equipment supply related matter in the days to come .....
one more point, my paid clients hv bought some puts yesterday, which will be harvested today ..... some new recos will be sent today during the course of the day .....
cheers till then ......

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