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Patience pays…

  
Analysis, Education, Investment
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patience-ASR
FEDERALBANK-ASR
 
 

Recommended to Buy Sept Future at 223 on  2nd Sept ,While updating trading at 240 level.(Still looking Hot and fiery )

neyveli-ASR

 

Recommended to Buy on 2nd Sept at 130 level.Just see today is 4th session and now stock trading at 141 level ,our written target was of 145 level.

Always Remember :“All human wisdom is summed up in two words – wait and hope”

Bankers never learn

  
Education, Humour, Investment
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The reason for the Recession — simplified.

A naked and drunken woman boards a cab in London one night.

The Gujju driver keeps staring and does not start the cab.

Woman : Haven’t you ever seen a naked woman before ???

Gujju Driver : I am not staring at you lady ….. just wondering where you kept money to pay !!

The Moral : That is what most of the American and European banks failed to do. (i.e.) Assessing repayment capacity before taking exposure !!!

Long live Gujju enterprise…

India 1854 Inverted Head Variety

  
Education, Investment
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The classic 1854 inverted head variety set a new world record yesterday at Spink. The stamp, part of the Vestey collection auctioned off on October 13th, 2010 brought in a record GBP 105,390. The stamp was cut to shape. Twenty seven copies of this world famous rarity are known, only 3 of these were cut square. Image is courtesy of Spink. Entire catalog can be downloaded from: http://www.spink.com/auctions/pdf/default.asp

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

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