So into the 5L virtual portfolio come three stocks:

Hero Honda: Strength in auto is evident in this counter. This is largely a technical buy of a strong stock in a beaten down sector: Auto. I have strong hopes for rural auto buys, especially with dropping fuel prices, better roads and lowered interest rates. Hero Honda […]

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(Hat Tip: Market Folly)

Sadly he didn’t make enough money from his predictions. But then, neither has Taleb I think (if you add up all the past years) and look where that got him. Interestingly, people seemed to be outraged and laughed at Peter, all while he was making sense: I can bet that the guys […]

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We have yet another stimulus package!

Rate cuts: The RBI has cut rates by another 100 bps - repo is now at 5.5% and reverse repo at 4%. (These are rates banks pay to borrow from the RBI and get from the RBI for keeping cash there)

The Cash Reserve Ratio - percentage of deposits kept […]

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After my Short-Only strategy, here comes a strategy for both Long and Short, a Virtual Five Lakh Rupee portfolio, part of Kaushik’s site.

Fundas

It’s a way I would manage 5 Lakh Rupees
I may be long stocks, long/short futures or long/short options.
Each buy/sell will be documented in a blog post
It’s virtual, but there […]

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Wish y’all a very happy and prosperous 2009.

For me the new year will bring along some happy and sad news. Moneyoga.com, the web site Kaushik and I started has now reached a logical end - we are going to shut it down.

What a year, was 2008. I started off moving to Navi Mumbai, and […]

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Satyam’s recovered a lot and I’m moving it out of the Short Only Strategy - one contract, about 10 bucks as a loss, which is around 6,000 Rupees. Not too bad, and the stop loss was the entry price, which was crossed today.

We are still at 11.87% on the SoS, for about four months. The […]

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I’ve been tracking the RBI’s Negotiated Dealing System all day today and it’s unbelievable. All G-Secs have risen HUGELY in price, from yesterday to some obscene levels.

The yield of the 10 year G-Sec, a benchmark in a way, is at 5.27% as per Reuters.

Indian federal bond yields tumbled to their lowest since May 2004 […]

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Satyam has hired DSP-ML to “look at available options to enhance shareholder value”. DSP will also review the composition of the remaining board (after four directors have resigned).

But DSP-ML has Raju’s shares pledged to it and is looking to sell them to cover margin calls.

DSP-ML is everywhere! Kothari must be proud.

This post is written […]

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The RBI weekly supplement for the week ended 26 Dec 08 shows that the forex reserves of the country is 254 billion dollars, up $3.6 billion from last week.

And in rupee terms, we are at 11.98 lakh cr. versus 12.20 lakh crore last week, a loss of 22,000 cr. The loss is probably due to […]

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From ET:

Mangalam Srinivasan, a US-based academic who has been a director on the board of India’s fourth-largest software exporter since July 1991, said she was resigning taking moral responsibility for voting in favour of the controversial acquisitions, a copy of the resignation letter made available to ET shows.

At least someone’s taking responsibility.

Satyam’s stock meanwhile […]

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