Archives of “January 10, 2019” day

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Insider Trading in UTTAM GALVA STEEL ?

  
Analysis, Education, Investment
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UTTAMSTEEL

Today morning just read this NEWS :ArcelorMittal gets in through Uttam Galva

Uttam Galva, in a late evening notice to the Bombay Stock Exchange (BSE), announced that it will allow ArcelorMittal to acquire shares in the company through an open offer.
At the first stage, Lakhmi Mittal-owned ArcelorMittal will purchase a 5% stake for Rs69.6 crore at Rs120 a share.
Subsequently, the Mittals will make an open offer to purchase a 30% stake at the same price paid to the promoters for the 5% stake, valuing the company at Rs1,384.3 crore.
19session
 
This is Daily chart of UTTAM STEEL.
Just see the movement of the stock from Rs.53 on 11th August and on Friday it closed at 113.95 level.
My question to Readers ,Traders ,STOCK EXCHANGE and SEBI is ….The annoucement of stake sale or picking of stake by Arcelor Mittal was decided on Friday (4th September) or talks were going on since last 1-2 months ??
-Who were knowing about this Deal ?
-Who bought these shares ??
-Do u not think Insiders in India are minting money and people close to Company circle ??
-Just small thought ….if possible comment ………Jai Ho !!
Updated at 18:52/5th Sept/Baroda

Exponential Growth and 52 Cards

  
Analysis, Education
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Just 52 cards (weeks) with 4 suits (seasons) with 13 cards (weeks) in each season can be shuffled into 400000000000000000000000000000000000000000000000000000000000000000000 combinations. That’s 4 and 69 0’s.

The Pips (spots on a card) = the number of days in the year for trivia buffs (jacks count 11, Queens 12 and Kings 13).

Oh and here is a mind-fuddling bit of math that I perform with all the time and I’m still shocked that it always works: The Gilbreath Shuffle.

Trade Like a Casino by Richard L. Weissman -Great points to Read

  
  Education
  1. The Casino Paradigm
    1. Developing Positive Expectancy Models
      • Price has memory – traders experienced pain, pleasure, and regret associated with a linear price level
      • Kahneman & Tversky found the reflection effect proved that people were risk-averse regarding choices involving prospects of gains and risk-seeking over prospects involving losses
      • We can NEVER know all the reasons why the market rose or why it fell, but we can develop various rules for entry, exit, and risk management based upon objective, mathematically derived technical formulas
    2. Price Risk Management Methodologies
      • In higher volatility environments we need to place our stops further from our entry price so we can avoid being needlessly stopped out of trades; in lower volatility place stops closer to entry
      • Any idiot can take a profit.  Professionals know how to take losses
    3. Maintaining Unwavering Discipline
      • All humans have a psychological bias against taking losses -Kahneman & Tversky
      • We abandon discipline in risk management because we do not want to admit that we are wrong

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