yahoo messenger archives from 10th / 21st nov 2008

madhav ranade (11/21/2008 10:07:20 AM): something has happened in last half an hour .... all asian markets hv snapped back .... ad so does our market ....... for nifty spot .... 2605/2615 is crucial zone and for reliance 1065/1075 ...... pl watch out .......

madhav ranade (11/21/2008 9:36:53 AM): good morning ! my worst fears seem to be coming true .... and rather too soon ....... at this rate, i really wonder where we will be at xmas new year time .......

madhav ranade (11/20/2008 9:49:46 AM): good morning ! our 2550/2700 range will be consumed today ... we shud see levels of 2500/2510 in first few mins and that can be a good long entry point for trades with sl of about 30/40 points ...... i expect profit taking to pull up nifty to about 2540/50 in quick time ...... investors can look to buy a bit of their favourits ...... at these index levels ... this wl be a good averaging opportunities for deliveries taken at much higher rates ..... in any case make sure that u dont put in more than 15 / 20 % of your investible funds available with you ..... pl read my comments in my article dt 15th nov uploaded in a file on my free group .... http://finance.groups.yahoo.com/group/sumamura-free/

madhav ranade (11/19/2008 9:54:22 AM): good morning ! flat open with a downward bias ..... wait to go short on a bounce ..... definite shorting level closer - as far as possible - to 2780/90 ... or when u see downward momentum building up .......

madhav ranade (11/18/2008 2:56:38 PM): brokers and bull operators created a bogie of stocklending by FIIs .... chandu bhave staved off all the pressure put on him .... evem from FINMIN ..... for obvious reasons .... and his stand is vindicated now ...... three cheers to chandu for all the guts shown ......

madhav ranade (11/18/2008 3:19:18 PM): if US auto cos wl go bankrupt .... we will see 2003 lows ... like 900 on nifty and 3000 on sensex ..... it wl not happen ..... prospect of 3 million job losses is daunting for any govt .... 25 billion is not a big amount compared to that .......

madhav ranade (11/17/2008 9:47:55 AM): good morning ! dow futs hv turned positive in last one hour which has given glimmer of hope for the bulls .... RBI announcements over weekend hv been generally positive but how much the banks will implement is a moot point to be noted ....... my levels tell a lot than what i can elaborate and they r uploaded in 15th nov file uploaded on my free group http://finance.groups.yahoo.com/group/sumamura-free/

madhav ranade (11/14/2008 10:30:09 AM): dow / nasdaq rally ...... 25 % of the rally came on exxon / chevron ..... oil stocks .... another 25 % .... on google / apple ..... tech rally may not survive and crude has become extremely fickle commodity .... what i mean is that gains may notsustain over next few days ..... keeping that in mind be cautious .....

madhav ranade (11/12/2008 9:52:10 AM): good morning ! sgx nifty is indicating a weak opening .... but not a major gap down ...... IIP nos shud hold the key .... if IIP nos are better than expected, we wl hv a bounce butthat shud be used to sell rather than to buy .... excise collections are showing that october was bad ... and a good sept figure will guarantee catastrophe in october ...... overall picture is not at all good and dont depend on govt to announce any fiscal stimulus as we simply have no resources to do that ..... thanks to chiddu who wagered in february - for the fifth time .... but unfortunately bet has gone against and he stands to lose whatever he made in 4 earlier years ....... politically i mean .....

madhav ranade (11/11/2008 2:51:20 PM): moral of the story is tiger balm does not cure cancer ..... only wherever it is applied .... skin becomes more fragile and burnt .......

madhav ranade (11/11/2008 11:26:06 AM): everyone was saying that buffet is positive on market ...... what did he do .... he loaned goldman 3 billion dollars at 10 % and took warrants to be converted at 115 dollars a share with in 5 yrs ...... HE DID NOT BUY A SINGLE SHARE ....... he really acted like a local pawnbroker who exploits poor when they r in need ...... 10 % is a very high interest rate in US and that too for corporate lending .......

madhav ranade (11/10/2008 9:55:42 AM): good morning ! chinese 'tiger balm' is now being tried out ... and for what - CANCER ...... everyone know efficacy ......