iCharts Discussions

[ajayhkaul]

May be online platform is good for the market but we don’t get to read the eyes and body language of the other guy and that interpersonal exchange is gone. We now “talk” only on machine.

Vinay technology does this all the time. Remember the postman ? typewriter? etc

The new generation is born 'digital' and the older generation plays 'catchup'.

[vinay28]

yes ajay but the net effect due to technological advances is that the brain is shrinking and evolution is in reverse gear. We have already crossed the line of no-return.

[ajayhkaul]

You have any idea about the tape reading systems of the share traders in those analog times ?

[vinay28]

you mean in western countries? I had heard about it but don't remember now. In fact there is a book on it

[ajayhkaul]

I am referring to the techniques of our traders at dalal street...

[vinay28]

it never came here ajay!

[rk_a2003]

It was said cash is king. Around 80000 crores of cash pile was with reliance. They decided for buy back thus forming a forte around in self-defense. If they wanted to buy back why they issued Bonus shares? Instead of buying back why they are not offering cash dividend?

The Market capitalization is fast eroding for Reliance and it’s drifting away from its number 1 position. It must be hurting the top brass. A bad result followed by buy back announcement …..It’s a clear indication of distress. At present they made a forte with cash piles around them threating Bears with a death in case of attack. For time being Market is also in their favor. But…..will this forte last forever providing defense for them. Will the Market be favorable forever?

We have seen so many forts crumbling down.



By the way Dollar index gained and in contrast rupee also gained indicating continuation of strong fund flow inwards.

[ajayhkaul]

mukeshbhai is not dhirubhai ! Should they reduce weightage of reliance in the indices?

[psalm]

[codered]

Ambani Bhai's ka sapna paraya mal ho aapna.

[ajayhkaul]

Next shareholder meet will be at Antilla, the billion dollar home !

Why did they pick this name ?

BTW ---The Antilla is World War II shipwreck off the coast of Aruba that is a popular snorkeling and scuba diving destination.

When Germany invaded the Netherlands on May 10, 1940, the relationship between the two nations was obviously strained. As part of the Kingdom of the Netherlands, this extended to Aruba. The Antilla was a German U-boat supply ship that was anchored off the coast of Aruba at the time. When a contingent of Dutch Marines told the Antilla to surrender, the captain asked for an extension, and the Dutch accepted and gave the ship 24 hours to surrender.

The Antilla was fairly new at the time, and rather than see her turned over to the enemy, the captain decided to scuttle the ship. After putting the crew ashore, he heated up the boilers, which were amidships, and opened the seacock. When the cold sea water hit the hot boilers, they exploded, ripping the ship in half. It sank in eight minutes.

At 400 feet long, the Antilla is one of the Caribbean’s largest shipwrecks. Only the cruise liners Bianca C and SS Antilles are bigger, at around 600 feet. It lies on its port side at a maximum depth of 55 feet, though it can readily be seen from the surface. Its location is approximately N 12.60175 W 070.05815.

Unfortunately, over the last few years the Antilla has begun to collapse; the ship used to be open to special wreck penetration scuba diving but now after the hull has been weakened by storms it is collapsing on a daily basis, making it unsafe to go inside the wreck.

Many marine lifeforms have made their home on the ship.

[psalm]

Reliance tops out normally at the time of its result. Let's see how it goes this time....

[vinay28]

now you know why antilla is jinxed!

[ajayhkaul]

Calling all Ducks .... quack quack .....

The World Bank has finally come out and said : Europe is most likely already in a recession.

The World Bank has chimed in with their latest semiannual forecast for world economic growth. They are calling for a 0.3% contraction of GDP growth for the 17 members of the eurozone in 2012 (recession).

The institute is convinced that the U.S. will not be able to escape the global economic slowdown and, as a consequence, cut America’s growth rate down to 2.2% from 2.9% for 2012. Even 2.2% is going to be out of reach!

The biggest downside risks to its forecast are the evolving sovereign debt crisis in the eurozone, which will accelerate the economic slowdown, and the tensions in the Middle East, which could result in a spike in oil prices, destroying any hope of escaping a recession.

The reason for the biggest downward revision in the World Bank’s growth forecast in three years is plain and simple: the eurozone. The World Bank sees the eurozone recession causing an economic slowdown in the developing nations that trade with it—China, Brazil, and India—and this is in turn affecting countries like Japan and the U.S...... this is already happening.

No country was spared from a cut in GDP growth rates in light of the global economic slowdown. Aside from the eurozone, the largest engines of growth, China and India, were also cut significantly. For 2012, the World Bank estimates growth of 8.4% for China (which would be China’s slowest growth rate in a decade) and has India penciled in at 6.5%, down from 8.4%.

Due to the debt crisis in the eurozone, the Institute also cites the possibility of a global freezing-up of the markets causing a global crisis similar to what took place in 2008, which would plunge much of the world into a recession.

In this precarious environment, one event—like the failure of a large eurozone bank—will result in a chain-reaction that will freeze up the system. The World Bank has been a quite reliable economic predictor over the past few years.

The world is littered with land mines of too much debt and banks that are teetering on a cliff thanks to a customer confidence crisis, especially in the eurozone. Couple this with an economic slowdown, which depresses bank and government revenue, and we’ll easily see financial pressures building.

The Market :

Little by little, the Dow Jones Industrial Average inches towards the 13,000 level. We experienced multiple days of minor advance by the world’s most watched stock market index, with the Dow Jones Industrial Average now up 3.3% for 2012 so far.Similarly the Nifty is up 500 points faster than you can say 'eurozone'


This bear market rally is doing an excellent job of luring investors (DUCKS)back into the stock market. Positive economic news over the next couple of months will add credence to the belief that the economy has turned around.

It will be exactly at that point that the bear will take the chips off the table again.

....quack quack .....(louder)

'... buy from them when they are puking and sell to them when they are quacking....'

[psalm]