yahoo messenger archives - 13th / 17th oct 2008

madhav ranade (10/17/2008 9:53:20 AM): good morning ! a mildly positive opening and may be some small buildup after that .... thereafter usual dance to the dow fut tune ..... yesterday the cahannels are attributing rally to short covering ...... rally happened first on dow tune and extended a bit on short covering .... but last 70 points were given back in double quick time ..... so forget about what channels r saying and just trade by watching dow futs ......

madhav ranade (10/17/2008 3:20:59 PM): i will just reproduce a few lines from my diwali posting ... which wl appear in the economic revolution next week ..... Our FAB FOUR are due to retire from test cricket during the course of this year and we will also see some big corporate names biting the dust by the time next samvat is over. Every bear market leaves behind some carcasses as every bull phase has new leaders. any guess which carcases u wl find in the next few weeks and months ...........
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madhav ranade (10/16/2008 9:54:25 AM): good morning ! about ten days ago, i made a very fervent emotional appeal to all of you to get out of MFs ... but itseems no remption pressures hv come up on equity funds .... is it plain apathy towards our own money or that 'invincible' aura of indian growth story is still enticing many of you who care about capital ..... it is really really surprising ...... yr wealth advisors ..... read MF agents will not allow u to exit .... lest they wl lose trailing commissions which just come to them without doing anything .... kudos to indian MF investor ... and to their AVIJIGESHU tendencies .... look at indian langauges shabdakosha if u do not understand avijigeshu ..... i give up .... simply give up ......
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madhav ranade (10/15/2008 9:52:33 AM): good morning ! usual pattern is playing out and we hv generally guessed the US market mood well in advance ..... generally when we close at 3.30 pm, it is still very early for dow futs to become active in the real sense ..... may be some operators are even manipulating those futures and then taking opposit posn as the volume is really really insignificant in dow futs at that hour ...... just a theory i am putting up .... i know this has happened in the past when ADRs were rather thinly traded ..... now the volumes hv increased substantially ...... as for today, 50/60 points gap down and then dancing to US futures tune there after .... usual pattern ......
madhav ranade (10/15/2008 12:05:40 PM): LT results are not good on q on q basis ..... this is first cut ..... selloff is logical ......
madhav ranade (10/15/2008 12:12:24 PM): LT ..... interst 69 crores as against 36 crores .... last 4 qtr average ..... also more than 10 % jump in expenses for similar jmp in revenue ..... this shows pressure on margins ....... more analysis wl be done by suited and booted analysts who hv no other work in any case than crunching nos ......
madhav ranade (10/15/2008 12:17:05 PM): if LT is any indicator, interest is going to hit bottomlines of all brick and mortar businesses ..... pl accept this reality ......
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madhav ranade (10/14/2008 9:49:49 AM): good morning ! a monster rally in US markets ...... a part discounted in our market already ..... i expect max 4 to 5 % in our markets today ..... even that may not sustain as FIIs will press sells at higher levels and MFs also change to profit booking mode ..... keep that in mind ......
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madhav ranade (10/13/2008 9:51:18 AM): good morning ! look at gravity of the situation ..... FM on TV channels even before market opening ...... giving his figures trying to convince .... to whoever wants to get convinced ..... that everything is OK ...... any way, we will open up and may build a bit on that .... some shortcovering will happen ... as expected ..... but usual zing wl be missing in the bounce ..... particularly from these extreme oversold posn ......
madhav ranade (10/13/2008 10:03:26 AM): further CRR cuts and possible repo rate cuts ..... shud be looked at as RBI's helplessness ..... inflation is still close to 12 % and still they hv to cut rates ...... the problems are grave and its clear that we r in for a lot of trouble .... over a considerale amount of time ......