Back `Discard a pet hypothesis every day before breakfast'
Woken up suddenly by earth shakes that rumbled through Asian coasts, and also news of deadly tsunami, Khan wobbled to his PC for market chat with Sridevi, Jogin and Dakshinamoorthy. Be firm!
Kay: Hey, all of you safe? Bull run seems to go into the New Year! Sri: Survived, yes, but I'm afraid of aftershocks, watching met charts! Jog: Chart indicators suggest positive near-term trend. Pun intended. Dax: Watch Reliance. Board meets today. I'll decide after that. Jog: What could be RIL buy-back price? I expect the stock to open firm. Sri: VSNL negative; flouting WTO norms, says a US telecom body! Dax: Amara Raja and Exide look weak, as anti-dumping duty on lead-acid batteries may go off. Kay: Jan 1 means new patent regime and dismantling of textile quotas. So, there can be symbolic buying in some stocks of these sectors in the home stretch till the deadline. JMO. Jog: Pioneer Embroideries promoters sold their stake last week. Stock is in strong hands! Kay: So liquidity likely. Institutional investors may also take stake. Sri: Retail focus under Hakoba brand can help in re-rating of the stock. I like stitching, you know! Dax: Sri, you should stitch up Jog's trap before he spins some story! :-) Jog: Arun Bajoria resigned from Indian Jute Mills Association or IJMA, theatrically, they say. Dax: Any plan to evade IJMA wage agreement with West Bengal government and jute mill unions? Kay: I too heard he's busy cornering shares waiting for a bull run in jute shares! Jhoot ya sach? Dax: Trent stock has remained under-performer vis-à-vis Pantaloon Retail. Rise possible, I guess. Sri: In pharma, Ankur Drugs was in action. My prescription: Take position for good returns! Kay: BF Utilities stock has gone up fast. Too windy, so bring down your sail, and exit the stock. Jog: Tata Chemicals should see action. Tata's bought shares from Hindustan Lever last week. Dax: Soda ash and fertiliser sector in demand, so the stock can give good returns from these levels. Sri: Power stocks NTPC is a good selection for the medium term. Do you see the lights! Jog: Moonlight? But I'm having Maruti in sight. Price hike in Jan, and stock may touch Rs 500! Sri: Abhishek Industries at Rs 36 can be a good investment. Why not Raymonds? Kay: Wear helmet, fasten seatbelt, drive slow, or simply park the vehicle and switch off. Dax: Too much caution, Kay? Then, how do we ever make money? Sri: Follow Konrad Lorenz's suggestion: "It is a good morning exercise for a research scientist to discard a pet hypothesis every day before breakfast." Or, at least before lunch! LOL Dax: "If at first you don't succeed, failure may be your style," said Quentin Crisp, not me! Jog: But I want to believe in Nifty and Sensex gearing for newer heights. Up... Up... Kay: Up and up! Are you talking of aftershocks and waves? Let me run for cover! * * * * *
Lee, with inputs from Vir, Nat, Ray, Mad and Sve.
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