A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Washington Mutual (WaMu) ,one of USA’s biggest Banks was forcibly taken over by the regulator,FDIC yesterday and sold off for US $ 1.9 Billion to J P Morgan even while the Chairman and CEO of the Bank was on a flight in Mid Air…The quick move was to prevent a collapse as Depositors had already began …
Lehman paid for it’s Ego and Arrogance….It had to Close because it consistently failed to Disclose The Fall Guy has to be it’s CEO and Chairman,Richard Fuld….Poor Fellow…sold off 2.87 million Lehman shares on Wednedsay,September 17,2008 for just 20 cents/share realising US $ 639000…..just a year ago these were worth US $ 169 Million ! …
The Lehman Labyrinth was a Landmine that it’s CEO,Fuld stepped on and blasted Read More »
Came across this very interesting Zig Zag Chart……I say there’s some more pain…so we should be moving towards panic on the downside….mark… the recovery will not be as pronounced….in that a Sensex of 21000 that was touched in the first month in 2008 is now not even visible on the horizon on any recovery from despondency Reiterating …
Time for Vulture Investment ?….Generally Not Yet…but maybe in a few scrips Equities are nearly dead…not dead yet….so all of us Vulture Investors can wait atop nearby trees or keep encircling above till we spot no sign of equity life….then dive in as scavengers picking up scrips when they fall to lifeless prices…Sesa Goa had …
Time for Vulture Investment ?…Generally Not Yet…but maybe in a few scrips Read More »
Hi Rakesh Jhunjhunwala (RJ)…just caught you on the CNBC Interview on “Wealth Creators”…you’ve now acheived a cult and icon status with your investments in midcaps coming good and how ! Titan,Matrix Labs,Nagarjuna Construction,Mcdowell Group,Crisil…..your gains from these are now legendary….Remarkably the billions have not been made in Core Scrips like BHEL,Reliance or Larsen…but in relatively smaller scrips …
USA…What a slaughterhouse !…Bears & Sterns….Now Lehman,Merill Lynch,American International Group…all inside two days….with more to come !….Comical really…those who lived in Glass Houses were throwing stones at others…..Their Reports were always revising or even reversing estimates and projections and strategies advised earlier to justify every share price rise and fall !….how could you then sensibly …
U S A…..United States of Abattoirs ! ….Strategy going forward Read More »