messenger archives 8th and 10th october

madhav ranade (10/10/2008 9:48:58 AM): good morning ! we shud be looking at circuit down opening ...... so try and buy whatever u can before market closes down ... put yr offer at yr dream prices of 2004/05 .... they may be filled in ......
madhav ranade (10/10/2008 10:08:55 AM): so circuit was saved ....... diis hv bought heavily at market price .... and absorbed all that retail wanted to sell ..... now we hv to see what happens when FII selling starts ..... i think that shud start after some time .... they wl wait to see if there is a bounce and they can exit at somewhat better price point
madhav ranade (10/10/2008 11:21:56 AM): on monday, i had written that my charts show that FMCG wl comeoff this week ..... particularly HINDLEVER ....... today 15 % down from monday morning rate ...... cheers ......
madhav ranade (10/10/2008 3:26:11 PM): even today .... nifty futs are at premium ..... i hv been consistently saying that bears r not pushing hard .... it is the bulls who hv lost heart .... and thrown in the towel ...... they hv stashed away all the money they made in 4 yrs bull run .... i dont know where ...... they hv lost the spirit to fight ......

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madhav ranade (10/8/2008 9:52:17 AM): good morning ! i told u two days ago that 3550/3700 is very important zone ..... a decisive break wl take us 30 % lower in months to come ..... today atleast one analyst acknowledged that possibility ...... we may get into structural bear market then ..... so watch next few days carefully ..... i hv already given u hints about MF withdrawals yesterday and do think in ernest .... i dont want anyone to repent later ..... we can always reenter if the market does not collapse ......keep that in mind .....

madhav ranade (10/8/2008 10:35:21 AM): now the kedias of the world are scared to look at charts and make any predictions .... but many of them ... incl that JP morgan tech guy were not ready to call downside when dow was around 11000/11800 range for 4/5 /6 weeks ..... the fundas of US economy was telling u that this market is going to collapse and i kept warning .... on every possible forum ..... but i am a freelancer and i dont hv institutional backing ..... no regrets for that .... it enables me to speak my mind ..... no compulsion of towing corporate line ...... i only feel bad that gullible investors continue to be taken for ride ..... by these operators / brokers / MF cos ..... and now ULIP offering insurance cos ..... we r in for a major major trouble .....

madhav ranade (10/8/2008 11:16:20 AM): many of the stocks .... are available at aug / sept 2006 prices ..... and everyone is calling them 'mouthwatering' but that is on trailing twelve month EPS basis. when the future profits are uncertain ...... we need to be careful and buy only those stocks where there is clear visibility of earnings ..... for next 12/18 months ..... keep that in mind and then buy stocks ..... and dont sell yr house as udayan was suggesting ...... it is foolhardy - at any price level .... and any stock ....

madhav ranade (10/8/2008 3:13:17 PM): if u hv read my blog www.sumamurauvach.blogspot.com u wl now have a general hang of how i think and how i give my calls. generally, u wl find that the margin of safety is high and there is some logic in what i say and it is explicitly explained ..... so that u can also think and decide whether what i am saying is right or wrong ...... i never talk in thin air ...... i will appreciate if u hv any comments .....