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Saturday, August 9, 2008

d risen hope

Proposed action for tomorrow's trade None
Today's action None
Famex 10531
News for today : 1 : Wall Street rebounded smartly Friday, shooting higher as a surge in the dollar and another plunge in oil prices eased some of investors' worries about losses at mortgage finance company Fannie Mae.
News for today : 2 : Rajen Shah, Chief Investment Officer, Angel Broking feels there are no more positive news to take the Sensex substantially up from the current levels and the markets are taking a breather after the 20% rise in such a short span of time. He said, �At 15 times the earnings one cannot be too bullish on the market especially in any of the current scenario where there is uncertainty about the movement of crude prices and inflation.� So, he believes it is going to be a rangebound market with a more stock specific movement than the indices going significantly up from the current levels in the short-term. But, he said the long-term looks very bright and sunny.
Stock Barometer 2 Good
Strategy for today : Sell when price is good
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