Archives of “bloodbath” tag

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Yes, We are Unique

  
Analysis, Education
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I remember the quote from Bernard Baruch :

“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope.”

Traders & Readers are sending us mail and writing that we are Born Bears.

-101% its wrong thinking.We write/recommend and trade according to levels only.Not interested in Economy ,Inflation figure,Monsoon or Corporate Results and basically I dont trust any Corporate !!

No Tantra ,No Mantra & No Yantra.

No Astrology !!

Just power of chart and our Vision.

Today our market forecast has confirmed it, nth time.

Refer to this exclusivity in our web-site.

As per the forecast market was weak till 10-35, then recovered to +ve zone uptill 1-35 and as per the unique forecast, collapsed from 1-35 only to dwindle down heavily till end. 

After 5185, our next Nf Hurdle was 5215, it went upto 5202.  On downside after it broke our 2nd support at 5146, we alerted all our Subscribers to Sell

 everything and Short market for a possible break 5114 where after it would be a bloodbath.  You all know NF collapsed to 5058, 150 points loss from the top.

Weak Opening, V recovery from 10-35, and from 1-30 bear-attack… so don’t have any long position in market.

Expected Bank NF will crash upto 9650.But it tumbled upto 9540 level….(Our Subscribers knows…..many more things )

Now u all tell if anything else is left in this market. That’s why our recently concluded Subscription enrolment was such an astounding hit.

All our subscribers / readers are busy in counting

their earnings while all Bulls ,Blue Channel (Analysts ),Website Analysts are singing


 

Technically Yours

Anirudh Sethi/Baroda/India


BP= Bankrupt Petroleum?

  
Analysis, Education, US Market
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Above is the Monthly chart of

It was a bad day for most stocks , but it was a bloodbath for embattled oil giant BP.

Shares of BP dived 16 percent , driving the stock price to below $30 per share, the worst drop on record for the company. The British energy giant closed at $29.20 per share. More ominously, investors and traders rushed to dump their BP: Trading of the stock occurred at four times normal volume today.

As a result, the asset-rich company is now trading for less than its book value, which is essentially all the assets it has — oil fields, oil rigs and so forth — minus intangible assets and liabilities.

In English, this means that investors and traders think that the company is now actually worth less than all the hard assets it owns. That’s a confidence trade.

Today, BP is worth $91.4 billion. In mid-April, the company was worth $180 billion.

BP will be forced into a pre-packaged bankruptcy hit the markets like a torpedo into a well head.

What is interesting is that companies are usually very quick to respond to market rumors. So far BP has been silent and has yet to issue any statements regarding the speculation of a bankruptcy filing.

I have no other information than what is being reported on the wire services. If BP is to make a statement dispelling the speculation they had better do it soon.

 

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