One person known to me is an Enginner by profession and a Mungerilal by behaviour. He is fondly known as Baba-120 in close friend's circle. The reason for this pet-name is two fold: the first being his addiction of chewing zarda paan with scented tobacco number 120 in it. The other reason is his fascination for numbers especially the 20-ka-table. He decides the stock's resistance & support levels always like this....20, 40, 60, 80, 100, 120 & so on....
Recently he bought sizable number of shares in
Nitco Tiles when
it closed above 200....a good move considering the fundamentals of the company, decent 2Q earnings &
break-out after long consolidation.
But last week or so Nitco closed below 180....and he saw that as an indication of weakness (supporting views from TAUjees...like market making all time highs...but this has not moved etc...added fuel to the fire as usual), so he sold off all his holdings in loss.
By the way, this Baba-120 is responsible for lots of abstract design paintings in staircases, parking lots, pavements etc....
The statutory warning shall read: chewing tobacco is injurious to both health & wealth!
Edited by kulman - 14/Nov/2006 at 9:40pm
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By the way you are right. Never trust a picture. I am sure without all the make-ups, she would look awful.
