Friday, October 24, 2008

Indian markets - this is when i say HOLY FCUK !

damn 8k change - crossed 1100 points loss in a day that too closing at almost 10-11% down
this is when i wouldnt really believe about a bottom, chk out iFCI @ 25-27% down , RIL@991
here is how my screen looked like !!





MoneyControl article2 - not bottomed yet

10k breached, awwww - though i was profiting on shorts and daily fluctuations, i planned to leave my hands and take a much needed break - customer issue coming bigtime !!




Moneycontrol article1 - Red headline !!

   October 10th, 2008 - thats quite a headline !!! 

3 months 25 days - blog in hibernation

Lotsa stuff happening all over and i had enough excuses for gettin away from this,

With the financial crisis seemeing to be a lifetime event of this century, Indian markets too have hit the bear run badly (i had tons on hopes on India initally but the system eventually cracks). Got into the stock market on Jan10, 2008 when Sensex was close to 21K, got hit badly first time at Rpower bonus issue at May end, got hit again bigtime in June/July when i just thought i had stuff in control. Lots of booking losses, heights of mind tension and activity that gets ur adrenalin pumping to all brain regions, sometimes i was sellin and buyin within minutes - volumes of about 10 lakh INR on margin trading - Thats good fun all time when u gain or lose - i'm at my toes alltime - atleast my cubicle colleagues make out i'm busy fixing my defect ;)

I've got contract notes of volumes to boast of, a year of trading, short-sell, margin, delivery, ATST and the blah, blah of techniques of the manipulator, the million lessons learnt on patterns and predictions logically, fundamentally or technically. I dont talk about my losses if you're wondering - i would like to say i avoid tax on my profits (a good chunk) for the next 8 years :D

Optimism @ height !!!