where are we headed ?

it seems we have reached a cross road and are unsure as to which direction the stock market will take from here ... should we sell all the holdings here? there is a general perception that all the Q4 results would be disappointing this time.

Proposed action for tomorrow's trade	None
Today's action	Sell Bharat Forge at 279
Famex (according to previous trading day)	11147
Previous month close	12557
Movement from previous month close	88.77
Target for this month	13310
News for today : 1 :	For the first time, Federal Reserve Chairman Ben Bernanke acknowledged the U.S. could reel into recession from the powerful punches of housing, credit and financial crises. Yet, he was coy about the Fed's next move.
News for today : 2 :	We missed the selling of Bharat Forge by Rs. 1 /-. Will try to sell it once again today at the same price.
Stock Barometer	3 - Volatile
Strategy for today :	Sell weak stock on high
Quote for the day :	Foul cankering rust the hidden treasure frets, But gold that's put to use more gold begets. ~William Shakespeare, Venus and Adonis, 1593

would a rocket be launched ?

Proposed action for tomorrow's trade	None
Today's action	Sell Bharat Forge at 279
Famex (according to previous trading day)	11253
Previous month close	12557
Movement from previous month close	89.61
Target for this month	13310
News for today : 1 :	Wall Street began the second quarter with a big rally Tuesday as investors rushed back into stocks, optimistic that the worst of the credit crisis has passed and that the economy is faring better than expected.
News for today : 2 :	What happened to the capital goods stocks, especially BHEL yesterday (fell by 8%)? It has pulled down our Famex by almost 4%. Can anyone tell why BHEL fell so badly?
Stock Barometer	1 - Good
Strategy for today :	Sell weak stock on high
Quote for the day :	The key to making money in stocks is not to get scared out of them. ~Peter Lynch

the dawn of a new fiscal

Issuance of monthly Bonus

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

last trading session of "2007 - 2008"

Proposed action for tomorrow's trade	Sell Bharat Forge at Market
Today's action	None
Famex (according to previous trading day)	11989
Previous month close	12557
Movement from previous month close	95.48
Target for this month	13310
News for today : 1 :	NEW YORK (AP) -- Stocks may already be pricing in a recession, but they haven't priced in a very deep one. If this week's data on the job market and manufacturing are worse than Wall Street is anticipating, investors should not be surprised to see another tumble.
News for today : 2 :	If you thought last week was bad this week is a nightmare. Inflation has come in at 6.68%. That is significantly higher than the Reserve Bank of India’s comfort ceiling of 5% and much above the consensus estimate of 5.96%. Reacting to the high numbers, Finance Minister P Chidambaram said, "the Government is determined to take fiscal, monetary and supply measures to contain inflation and if that means we have to live with slightly lower growth, so be it.
Stock Barometer	3 - volatile
Strategy for today :	Sell weak stock on high
Quote for the day :	I hate weekends because there is no stock market. ~Rene Rivkin

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.
=====================================================

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

=====================================================

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