Wednesday, January 30, 2008
Charts of Few Banks
I am going to discuss 4 bank stocks here and based on their price movement will pick the ones to buy. I have used a key technical parameter 200 day EMA. Most of the times stock show strong support at its 200 day EMA price
All images are from finance.yahoo.com
Bank Of Baroda
BOB is 20% below its peak, but still above 200 EMA.
Union Bank Of India
UBI is also 20% below its peak but above its 200 EMA.
Central Bank Of India
This stock has breached 200 EMA hence is weakest of all four.
Indian Bank
Indian Bank has seen least correction among all, hence is the strongest.
52 week high: 241
CMP: 220
Less than 10% correction.
Out of these 4 Indian Bank shows maximum potential.
Tuesday, January 29, 2008
Stocks to buy
Some of the stocks which have not corrected much in this crash are
1. CCCL
2. RPG Transmission
3. Infosys
4. Sadbhav Engg.
You can find some more here.
Monday, January 28, 2008
CEO makes money no matter what
Citi bank announcing 9.8 billion USD losses.
Well top executives get paid no matter where their companies go.
Roger Bannister and Tata Nano
In athletics, the four-minute mile is the running of a mile (1,609.344 metres) in under four minutes.
It was once thought by some to be impossible, but since it was first achieved in 1954 by
Roger Bannister the 'four minute barrier' has been broken by many male athletes,
and is now the standard of all professional middle distance runners. In the last 50 years the mile record
has been lowered by almost 17 seconds. Still, four minutes remains the standard by which all male amateur milers
are measured.
I am hopeful that Tata Nano will do the same to auto industry what Roger did to athletics.
Already Renault has announce that it will produce a car to compete with Tata Nano.
Let's see if in years to come 1 lakh car would be in stable of every car maker.
Thursday, January 24, 2008
Two defensive stocks
1. Novartis(From outlook money)
CMP Rs 335
As per BSE site (As of 23-Jan-2008)
Azim Harsham Premji holds 935634(2.93 stake) shares of Novartis
2. Merck (From outlook money)
CMP Rs 375.
3. Infosys
CMP Rs 1420
To me it is a safe bet and below is another example of high level of ethics Infy practices.
| |
|
Time to Buy
“To buy when everyone is desperately selling and sell when everyone is buying requires the greatest fortitude but pays the highest rewards.”...Sir John Templeton
In stock market always sell hope and buy despair ... Anonymous
What happened in past few days was due from long time, and was not a new phenomenon but then we hardly ever learn from our mistakes.
Tuesday, January 15, 2008
Friday, January 11, 2008
CEOs and Chin
(From Business Week)
How CEOs Lead with Their Chins
A strong chin, that Hollywood staple, may also be a plus for aspiring CEOs. That's the conclusion of New York plastic surgeon Darrick Antell, who presented his highly anecdotal evidence at the recent 2007 World Congress on Liposuction Surgery and Advances in Cosmetic Surgery in Dubai. Antell drew a line from the nose tip to the chin on photos of 42 CEOs from 2005's top 50 Fortune 500 companies. Some 90% (including Carly Fiorina, then Hewlett-Packard's (HPQ) CEO) showed nonreceding-to-prominent chins, vs. 40% of the U.S. population. People equate such jawlines with confidence and character, says Antell, who performed 20 chin augmentations in 2007. (Topping out at $7,500, the surgery's a bargain compared with, say, a $92,000 MBA from Harvard.) Some dynamos have "deficient" chins, Antell admits. But most are entrepreneurs. When it's time to pick a top manager, the one with the Superman jaw gets the job.
—By Ben Levisohn, Edited by Deborah Stead