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Thursday, May 8, 2008

holding only BASF

Proposed action for tomorrow's trade None
Today's action None
Famex 12554
News for today : 1 : Wall Street tumbled Wednesday as the price of a barrel of oil soared to a record near $124 and touched off concerns that the stock market's recent gains might have been premature as consumers grapple with rising energy and food costs.
News for today : 2 : Ajay Bagga, CEO, Lotus Asset Management, said the markets are likely to trade volatile in the short-term with more risks on the downside. “As global cues improve, you could see pretty good returns coming back in the Indian markets.”
Stock Barometer 3 - down
Strategy for today : Stuck with BASF. Would buy again in this fall - probably early next week.
Quote for the day : Money is better than poverty, if only for financial reasons. ~Woody Allen

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