In order to boost the activity of visiting the blog regularly we have come up with a new Bonus system. Wherein a person who has provided a profit making tip for that month would receive a Bonus.
The tips from each one of us would be collected from comments on the Blog. So please ensure to leave your names after typing the comments.
Bonus amount would be 20% of the final profit we made out of that tip. This would be payed from the un invested amount - that is the idea, have to work out on the fine details though.
That is if Kishore give a tip of buying BHEL at 1800 on 1st of April and the stock reaches 2100 by 30th of April, the profit is close to Rs. 300 /-; of which Rs. 60 /- would be given to Kishore as Bonus (approx).
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We shall keep the target for Apr 08 unchanged and continue the Famex movement tracker as it is.
| Proposed action for tomorrow's trade | Sell Bharat Forge at Market |
| Today's action | None |
| Famex (according to previous trading day) | 11688 |
| Previous month close | 12557 |
| Movement from previous month close | 93.08 |
| Target for this month | 13310 |
| News for today : 1 : | Wall Street managed a moderate gain in the final session of a dismal first quarter Monday, but stock prices and the major indexes still ended the first three months of 2008 with massive losses, the casualties of the still continuing credit crisis. |
| News for today : 2 : | Dipan Mehta, Member, BSE and NSE, said the manner in which we cracked today is quite disappointing, and depressing. “What is more distressing is the fact that we slide much more than our peer group and far higher than most global markets. The impact cost is increasing whenever you are selling and stock are falling on low volumes. All that is impacting out market at this point of time. That is the reason why we are seeing such a huge decline on relatively low volumes.” |
| Stock Barometer | 3 - volatile |
| Strategy for today : | Sell weak stock on high |
| Quote for the day : | Only buy something that you'd be perfectly happy to hold if the market shut down for ten years. ~Warren Buffett |
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