the month of March 08

We have almost come to an end of the month. We have had a wonderful trading session yesterday - we gained 5% in just one trading session.

In the new financial year, 2008-2009, I am proposing to be more realistic in profit calculation. So in line with the real word trading costs, we would be introducing a brokerage of 0.3% for each transaction and we would also be charging 15% service tax for every profit made for a transaction within a year.



The above chart is from the date we started posting on Famousinctalk. We have had a good rally. However US markets are still suffering. So this rally might not continue for long. This coming week we will have to sell few weakly performing stocks.

Suzlon has regained little of its losses in the last week.
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Date	Scrip	Price	Buy Qty	Value	Prsnt Qty	M Price	M Value	% Growth
5-Apr-06	BHEL	2347	1	2347	2	2093.95	4188	78
9-Jan-08	SUZLON	2242	1	2242	5	270.05	1350	-40
23-Jan-08	BHEL	2114	1	2114	1	2093.95	2094	-1
23-Jan-08	BHARATFORG	294.5	4	1178	4	281.1	1124	-5
12-Mar-08	NTPC	197.5	15	2962.5	15	204.35	3065	3
		Total (+cash)		11011			11989	8.9
Balance Cash	167.5
40% value	4795.7

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We can probably get rid of Bharatforg and Suzlon immediately and get hold of a better performing stock.

US market has not grown in a year

Proposed action for tomorrow's trade	None
Today's action	None
Famex (according to previous trading day)	11391
Previous month close	12557
Movement from previous month close	90.72
Target for this month	13310
News for today : 1 :	WASHINGTON (AP) -- The economy nearly sputtered out at the end of the year and probably is faring even worse now amid continuing housing, credit and financial woes. The Commerce Department reported Thursday that the gross domestic product, or GDP, increased at a feeble 0.6 percent annual rate from October through December. The reading, unchanged from a previous estimate a month ago, provided stark evidence of just how much the economy has weakened. In the previous three months, the economy had a sizzling 4.9 percent growth rate.
News for today : 2 :	on the Tata-JLR deal: An industry peer and a direct competitor, Jagdish Khattar of Maruti Suzuki said that his company would not have entered in a deal like Jaguar - Land Rover. He expounds that the Indian auto market is unlikely to see double-digit growth in 2008. Raamdeo Agrawal, Director and Co-founder of Motilal Oswal Securities says of the JLR deal, that the Tatas may find it tough to fund the deal and he expects the stock to underperform in the ner-term. On the other hand, he said the inflation situation is uncomfortable and would put pressure on growth. Also, markets may not run away, but volatility has peaked.
Stock Barometer	3 - volatile - would end lower
Strategy for today :	Sell weak stock on high
Quote for the day :	The economy depends about as much on economists as the weather does on weather forecasters. ~Jean-Paul Kauffmann

weak global cues

Bad for us that the Global cues is not helping Famex to stay about 90%. Today also we would find Famex slipping further.

Proposed action for tomorrow's trade	None
Today's action	None
Famex (according to previous trading day)	11225
Previous month close	12557
Movement from previous month close	89.39
Target for this month	13310
News for today : 1 :	Wall Street pulled back Wednesday after a drop in February's durable goods orders injected more pessimism about the economy into the stock market. The Dow Jones industrial average fell nearly 110 points.
News for today : 2 :	Tata Motors has bought Jaguar and Land Rover for USD 2.3 billion. Ford will also supply power trains, stamping, and other components. Along with that, it will provide engineering support, including research and development. Ford Motor Credit will provide financing to JLR dealers for 12 months. There will be no change in the terms of employment for JLR employees. Ford added that the deal comprises of brands, manufacturing plants, and IPR. The deal will be closed by the end of the next quarter.
Stock Barometer	3 - volatile - would end lower
Strategy for today :	Sell weak stock on high
Quote for the day :	Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work. ~Robert Orben

a volatile session

We should sell the poorly performing stocks in this rally and get hold of good stocks.

Date	Scrip	Price	Buy Qty	Value	Prsnt Qty	M Price	M Value	% Growth
5-Apr-06	BHEL	2347	1	2347	2	2011.7	4023	71
9-Jan-08	SUZLON	2242	1	2242	5	234.05	1170	-48
23-Jan-08	BHEL	2114	1	2114	1	2011.7	2012	-5
23-Jan-08	BHARATFORG	294.5	4	1178	4	263.75	1055	-10
12-Mar-08	NTPC	197.5	15	2962.5	15	199.85	2998	1
		Total (+cash)		11011			11426	3.8
Balance Cash	167.5
40% value	4570.24

Proposed action for tomorrow's trade	None
Today's action	None
Famex (according to previous trading day)	11426
Previous month close	12557
Movement from previous month close	90.99
Target for this month	13310
News for today : 1 :	Wall Street paused after a huge two-session rally Tuesday but closed mostly higher, holding on to almost all its gains even after disappointing reports on consumer sentiment and the housing market.
News for today : 2 :	Investment Guru Marc Faber said people don't have any idea where the market will bottom. "However, the market can rally, but any rallies from here will be very good opportunities to sell into." The Sensex can rally up to 18,000-19,000 while the US S&P can go to 1,400-1,450, he said. Faber feels there is two opposing forces in the markets now and hence will prefer to remain out of it.
Stock Barometer	3 - volatile
Strategy for today :	Sell weak stock on high
Quote for the day :	Money is like manure. You have to spread it around or it smells. ~J. Paul Getty

the gains continue

Thanks to the good news at the US market, the gains would continue today also. Problem is when do we exit?

Proposed action for tomorrow's trade	None
Today's action	None
Famex (according to previous trading day)	10827
Previous month close	12557
Movement from previous month close	86.23
Target for this month	13310
News for today : 1 :	Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-than-expected housing report, and sent the Dow Jones industrial average up nearly 190 points.
News for today : 2 :	Sudarshan Sukhani of Technical Trends said the markets appear to be stabilizing in the short-term. At this point, the rewards appear to be more on the long side and more buying on the short side. But all it needs is just one bad day in international markets to cancel this scenario, so that caveat remains.
Stock Barometer	2 - Good
Strategy for today : 3 :	Watch
Quote for the day :	When buying shares, ask yourself, would you buy the whole company? ~Rene Rivkin

a new week

Proposed action for tomorrow's trade	None
Today's action	None
Famex	10799
Previous month close	12557
Movement from previous month close	86.00
Target for this month	13310
News for today : 1 :	For months, Americans have been subjected to a sort of economic water torture -- a maddening drip of bad news about jobs, gas prices, sagging home values, creeping inflation, the slouching dollar and a stock market in bumpy descent. Americans are nervously wondering about retirement savings, interest rates, jobs that had seemed safe. They are surveying the economic landscape and asking: Just how bad is it? They are peering over the edge and asking: How far down? And the scariest part of all? No one can say for sure.
News for today : 2 :	Devina Mehra of First Global said investors need to be remain cautious. "Locally, the scenario is not looking very good. A substantial earnings slowdown is already seen in Q3. I see significant moderation in growth going forward. The growth trajectory has moved up but is not near 9%."
Stock Barometer	2 - Good
Strategy for today : 3 :	Watch
Quote for the day :	A steady job and a mutual fund is still the best defense against social security. ~Author Unknown