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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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   Posted: 17/Feb/2007 at 6:05pm |
SSSSShhhhhhhh.........TEDdies......I've some secret information......from unreliable sources:
A new group is being formed called "AAHAT". It's a pan-Indian movement. According to inside sources they're preparing banners with following slogans:
PLEASE DON'T CUT OUR CAKE
CHALO SALT LAKE...SALT LAKE !
MAKE OR BREAK, MAKE OR BREAK
CHALO SALT LAKE...SALT LAKE !
WE THINK ONLY FOR OUR SAKE
CHALO SALT LAKE...SALT LAKE !
They are planning hunger strike & other such protests in Kolkata in near future (most likely after 2600 point fall/correction).
And if you are wondering...
"AAHAT"=Association of Angry Hurt Agitated TAUs 
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Life can only be understood backwards—but it must be lived forwards
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 17/Feb/2007 at 10:30pm |
Baap re baap  . Poonawala ne sahi samay par bhanda phod diya warna....
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 17/Feb/2007 at 11:33pm |
 ha ha .....
Now whenever this song is played on FM radios in Kolkata, you'll remember "them":
Jaraasi AAHAT* si hoti hain, toh dil sochta hain........
Kahin yeh woh toh nahin, Kahin yeh woh toh nahin!
AAHAT*=Association of Angry Hurt Agitated TAUs
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Life can only be understood backwards—but it must be lived forwards
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 3142
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Posted: 19/Feb/2007 at 1:48pm |
Sebi to rein in rogue advisors
The Securities and Exchange Board of India on Saturday said it would introduce regulations to rein in unscrupulous investment advisors and set up a committee to look into various aspects for developing the derivatives market.
"A large number of investors are guided by different kinds of investment advisors offering advice through different channels of communications. With regard to the need for expertise as well as responsibility in the advisory function, we have decided to frame regulations for investment advisors on a priority basis," Sebi chairman M Damodaran said after a marathon seven-hour board meeting.
In doing so, the market regulator will be guided by the experience gained in protecting investors in other countries.
"Is it advice, driven by expertise or driven by an agenda?" Damodaran said.
The Sebi will soon set up a small expert committee to express its views on developing a vibrant derivatives market.
It will also take a call on its primary market committee's proposal for compulsory grading of initial public offers after taking inputs from a pilot project on optional rating of public issues.
"We have decided to constitute a small committee of experts to make a thorough study of various aspects of the derivatives segment, suggest changes and also identify new products that ought to be introduced in the Indian securities market," the chairman said.
The committee will consist of Sebi representatives, financial market experts and academia, and will submit its report as quickly as possible. On the compulsory grading of IPOs, a rating agency would make a presentation on the experience gained through voluntary rating of some issues listed on the Bombay Stock Exchange and the National Stock Exchange at the next board meeting in March, Damodaran added. A decision would be taken thereafter, he said.
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 19/Feb/2007 at 3:27pm |
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Pata nahin yeh kaun se "structure" se banaa hain?
Note: I've edited this post as I wish to preserve those "choicest" words to be used at an opportune time.
Edited by basant - 19/Feb/2007 at 4:07pm
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Life can only be understood backwards—but it must be lived forwards
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Crimsonarcher
Senior Member
Joined: 05/Oct/2006
Location: United States
Online Status: Offline
Posts: 355
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Posted: 19/Feb/2007 at 6:16am |
Look at this statement by Rakesh Jhunjhunwala in the Samvat 2061.
Even he thinks the sensex going above 8800 is only a 50:50 chance. So no one can predict the top or the bottom. we can only guess the direction and then hope we are right!
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 19/Feb/2007 at 7:48am |
“There are two types of predictors: those who can’t predict and those who don’t know they can’t predict”
---John K. Galbraith
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 20/Feb/2007 at 11:05pm |
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TAUs beware......
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Far away from the hustle and bustle of Mumbai, in Thanjavur, Tamil Nadu, where ‘markets’ are humble subzi mandis, ‘calls’ are plain telephone calls and ‘going long’ means becoming tall, Ranganathan Iyer (name changed), MA, sits glued to a computer screen decoding complex spreadsheets and snaking line graphs.
To outsiders, Mr Iyer runs an “investment company” on the web, with himself at the helm in various capacities such as financial planner, fund manager and investment advisor. He has nine persons working for him six hours a day and five days a week.
Mr Iyer is an established but unregistered portfolio advisor with a clientele of about 600 people. He deals at all levels of stock market operations “helping investors in taking important decisions pertaining to their equity investments,” as he puts it. Says Mr Iyer, “We put out three calls everyday (through SMS for regular clients and telephone calls for his privilege client group) for our subscribers.
For delivery calls, we advise the investor about entry level of a stock, holding time and exit price. For intraday cash calls, we ask them to buy a particular stock and advise them to sell it off at the right time. About 90% of my customers are day traders.”
The company boasts of three cellphone connections, two landline linkages and high-speed broadband connectivity for “easier communication”. It receives about 200-300 telephone calls and about 1,200 SMSes (short messaging services) are sent to ‘clients’ everyday.
For intraday cash trading, only market behaviour and volume are checked, he added. “Our recommendation rarely fails. Failure, most of the time, is because of the delay (on the part of investors) in acting on our calls,” he points out.
Shekhar Panaskar (name changed) of Pune is also an “established” portfolio advisor. Panaskar’s site collects a “nominal” Rs 2,500 as subscription cost from investors for messaging (SMS) stock updates thrice a day. “We do not accept calls as that may go against our interests. We use a simple in-house software to log particular stock movements,” Mr Panaskar said.
These “financial advisors” are on the radar of Sebi, which feels they pose a threat to gullible small investors on the lookout for a quick buck.
Ironically, Sebi cannot take any action against these entities because they are not registered intermediaries. On one hand, Sebi is bound by its charter to protect the interests of small investors. At the same time, even after having identified such intermediaries, it will be difficult to pin them down. There are scores of unregistered financial advisors who reach out to their clients through SMSes and e-mails. If Sebi manages to track them down, all they have to do is change their mobile phone numbers and e-mail IDs.
The watchdog had recently banned Baroda-based stock advisor Anirudh Sethi from acting as an “unregistered portfolio manager” and recommending stocks to clients. “The television is full of self-styled experts recommending stocks to investors. What is Sebi going to do about that?” quips Mr Panaskar.
“We are willing to register ourselves with Sebi provided the joining fees are made affordable to us,” Mr Iyer said.
To be registered as a portfolio manager, the applicant has to deposit Rs 1 lakh with the regulator, and maintain a networth of Rs 50 lakh at all times.
Apart from this, the market regulator wants the applicant to be a body corporate and must have necessary infrastructure like adequate office space, equipment and the manpower to discharge the activities of a portfolio manager.
The principal officer of the applicant should have professional qualification in finance, law, accountancy or business management from an institution recognised by the government. Conditions unlikely to be fulfiled by these small timers.
The crackdown on Anirudh Sethi followed some complaints received by the market regulator against the stock advisor for recommending “unresearched stocks”. Of late, the Investors’ Grievances Forum (IGF) has also been receiving several complaints against stock advisors. The forum is learned to have approached the regulator to clip the wings of unregistered market intermediaries.
Says Vipul Modi of IGF, “We supported Sebi in the Anirudh Sethi episode. IGF has been receiving complaints against individuals offering wrong stock tips to clients. In most cases, we find the advisor cornering shares of a particular company and recommending the same to clients at wrong prices. Sebi should continue its tirade against unregistered market intermediaries,” he added.
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Edited by kulman - 20/Feb/2007 at 11:07pm
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Life can only be understood backwards—but it must be lived forwards
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