Online
Market Outlook - Short Term |
| Belongs to: Market View |
Tracked by: 4 Boarders
dear hln,
in the money put options men the puts below 2900,is that right.what is the benefit of buying them visa vis the out of money puts.
regds rashmi...
In reply to:
WILL NIFTY HIT 4450 IN 2009 ?
Posted by :
hindlevernet
Hi Rashmi,
Buy IN THE MONEY Put Options at every resistance level
and exit at every support. 3000 level is important resistance
level where you may fresh puts 
Tracked by: 1 Boarder
“As of now, it is just a portfolio investment, but the possibility of L&T looking to buy a strategic stake cannot be completely ruled out,” said a person close to the development. “Either way, it’s a win-win for L&T. If another company decides to buy Satyam, it will benefit the portfolio purchases. But if L&T decides to acquire Satyam, it will have a strategic fit for L&T Infotech at a cheaper price.
It is believed that Satyam could be a good buy for L&T Infotech at this juncture in terms of business prospects.
“Even if half of Satyam’s clients decide to part ways, the remaining client base would be good enough for L&T Infotech,” said another person familiar with the matter. “Bringing in a good management like L&T itself can come as a relief to Satyam clients.”
Talks that regulator Sebi could resort to ‘extraordinary measures’ to assuage investor fears immediately, given the negative implications of this issue on foreign investments in the country, further fuelled the takeover speculation. ( Source: The ET)
Boarders are invited to offer comments if any on this story.
...
In reply to:
Satyam: A cleverly crafted scam
Posted by : pup
We investors now want ideas and suggestion as how company can be revived and not any more postmertum.
Tracked by: 1 Boarder
I would like to make an addition. During the software boom, the in-house share registry of satyam, had generated fake shares in excess of the paid-up capital, and, had sold the shares in the open market. These records were then tried to be normalised over the course of time. I personally know one of my friend , who had sold his shares, and then procured duplicate shares from the company,and had re-sold the same in the market. The management had re-issued the duplicate shares to my friend. The regulators can investigate the companys records in and around year 2000....
In reply to:
Satyam: A cleverly crafted scam
Posted by : MMB Messenger
Ramalinga Raju, Chairman of Satyam has resigned from the board, reports CNBC-TV18. In his letter to the board, Raju admitted that the IT major`s balance sheet has inflated cash and bank balance of Rs 5,040 crore
Tracked by: 0 Boarder
The recent rallies are really weak & not eough buying seen. It is just due to stimulus packages we seeing rallies. But results will be worst be carefull,sensex may come down to 7500 to 8000......
In reply to:
Do you think the Sensex will slip below 9k by year end?
Posted by : MMB Messenger
Dear Boarders,
Do let us know your views and opinions on the poll.
-MMB Messenger
Tracked by: 1 Boarder
I would like to make an addition. During the software boom, the in-house share registry of satyam, had generated fake shares in excess of the paid-up capital, and, had sold the shares in the open market. These records were then tried to be normalised over the course of time. I personally know one of my friend , who had sold his shares, and then procured duplicate shares from the company,and had re-sold the same in the market. The management had re-issued the duplicate shares to my friend. The regulators can investigate the companys records in and around year 2000....
In reply to:
Satyam: A cleverly crafted scam
Posted by : MMB Messenger
Ramalinga Raju, Chairman of Satyam has resigned from the board, reports CNBC-TV18. In his letter to the board, Raju admitted that the IT major`s balance sheet has inflated cash and bank balance of Rs 5,040 crore
Tracked by: 0 Boarder
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger...
Tracked by: 1 Boarder
hi udayan
THERE seems a LARGER FRAUD:
my roots as an analyst traces satyam saga since 1997, then it was comparision with Rolta. My assessment then was trusting Rolta for investment. Earned minimum 5 times on various lots before and after dotcom bust. i never trusted this management.
Then came what i feel is the first ever so thought of scam by them like paying 525 crores for 3 dotcom website companies of shady background. I think this would been their first step towards taking out money off satyam to fund their other businesses. Then it might have become a habit of taking satyam`s money off balance sheet using enron like mechanisms and then funding real estate buys of land. How can they own such high land bank without money? their holding has been decreasing in satyam since years. the technolgy performance deteriorated as in `increase in opex etc.` since last 2 years not prior to that. so pre and post real estate boom they might have taken chunks of money out of satyam to maytas and other promoter companies through collusion. This is a huge scam perhaps and not just the case of 7000 crores. Due to weaker regulations he might think of owning maytas completely without the already weak satyam business so there seems a proper thought of scam. (How can bank balance is not tallied to the book balance in the ERP system, the very systems they are implementing in the other companies?)
All in all the government should attach all the assets of maytas give it to shareholders of satyam, as this seems a huge scam of misappropriating and taking over shareholder money.
Rishi ...
In reply to:
Satyam: A cleverly crafted scam
Posted by : Udayan Mukherjee
So even if there is any kind of a modest bounce in Satyam from whatever price level because people believe that the 5,000 crore of cash is still there, there is a big line of people and the Fidelity and Aberdeen’s of the world are not going to stand down with Satyam right now because of whatever cash is lying on its books. They want out and they want out like yesterday.
So this stock now has huge amount of overhead supply which just cannot be absorbed because the number of sellers far outnumbers the number of buyers in Satyam Computers at any price point. So this stock could fall to Rs 10 even if there is cash on the balance sheet because there would be a large number of institutional investors who have completely seen this lie and I do not think that they would want to hang on there at Rs 80-70 because of any kind of cash lying on its books.
This stock’s value despite the cash or the business operations right now is probably in single digit rupees. Nobody trust this, you have just broken down the trust completely, how do you believe a management which just cooked up everything from its balance sheet to its earning statement over the last many quarters and serially quarter after quarter went on national TV and reported to the exchanges one magnificent lie after another. It is just completely preposterous.
Who do you believe now?
Satyam is a company which is listed on the New York Stock Exchange (NYSE); this is an index company, quarter after quarter it announces numbers which we take as gospel and we do a lot of analysis, every analyst does on whether margin slipped a bit and wage hikes happened and now you know that none of those numbers existed then who do you believe?. Do you believe auditors, who are supposed to be looking at these companies?
This is a fundamental issue of trust and faith which has been shaken. One can forget about the Satyam stock much that we feel very bad about Satyam shareholders that is one company. Here you stand the risk of actually losing your faith and trust in the system, which is supposed to be policing the numbers which you have faith and trust in. What happens to the auditors? This is a company which is not a fly by night small company, it is listed on a global exchange, global investor – they are supposed to be following US GAAP norms etc and quarter after quarter they keep blinkering all their investors and none of us find out till the promoter one fine day decides to confess.
Could there be more companies doing these kind of thing? What are the auditors doing? How will we ever know? You and I cannot be looking at going into and checking the bank accounts of Satyam and what they earned in a particular quarter or not. At some level there has to be an implicit code of faith that we believe what is posted on the walls of the exchange but today we cannot. So what are these people doing – these auditors and tax consultants and even rating agencies, how have they conducted themselves over the last two-three quarters. It is absolutely appalling.
-Udayan Mukherjee, Managing Editor,CNBC TV18
Tracked by: 0 Boarder
Nearly 98% of the companies in India does this in a small way. But they are within limits and don`t go as far as satyam....
In reply to:
Will the Satyam fraud weigh heavily on other Indian IT stocks?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 0 Boarder
Good Details here!!!!...
In reply to:
Satyam disaster: Experts examine the remains
Posted by : MMB Messenger
It has been one of the darkest days in Indian Corporate History. Early this morning Mr. Raju the venerated promoter of Satyam Computers, one of India’s largest IT Companies dropped a bombshell when he sent a five page letter to the Stock Exchanges confessing one of the biggest frauds in Indian Corporate History.
Tracked by: 0 Boarder
I have gone through some of the comments in this as well as some other boards - If he was so honest to come out with the truth now where his conciousness was hiding all these days and the real reason to come out 3 days early (not 10th Jan - after asking world bank to retract or face suit, assuring the Employees etc ) - It is a clear indication that he wanted to drag time to get his actions completed - sure he would have made some money for years.
The GOVT Should takeover MAYTAS & all other assets of RR family alongwith all STATES LANDS alloted to SATYAM and auction them to compensate the lessthan 500 - 1000 Nos. shareholders loss.
AP GOVT should cancell all orders given to MAYTAS.
He has given a cleanchit to his family members is again a FRAUD (sorry to use this word)...
In reply to:
Satyam disaster: Experts examine the remains
Posted by : MMB Messenger
It has been one of the darkest days in Indian Corporate History. Early this morning Mr. Raju the venerated promoter of Satyam Computers, one of India’s largest IT Companies dropped a bombshell when he sent a five page letter to the Stock Exchanges confessing one of the biggest frauds in Indian Corporate History.
Tracked by: 0 Boarder
I have gone through some of the comments in this as well as some other boards - If he was so honest to come out with the truth now where his conciousness was hiding all these days and the real reason to come out 3 days early (not 10th Jan - after asking world bank to retract or face suit, assuring the Employees etc ) - It is a clear indication that he wanted to drag time to get his actions completed - sure he would have made some money for years.
The GOVT Should takeover MAYTAS & all other assets of RR family alongwith all STATES LANDS alloted to SATYAM and auction them to compensate the lessthan 500 - 1000 Nos. shareholders loss.
AP GOVT should cancell all orders given to MAYTAS.
He has given a cleanchit to his family members is again a FRAUD (sorry to use this word)...
In reply to:
Satyam disaster: Experts examine the remains
Posted by : MMB Messenger
It has been one of the darkest days in Indian Corporate History. Early this morning Mr. Raju the venerated promoter of Satyam Computers, one of India’s largest IT Companies dropped a bombshell when he sent a five page letter to the Stock Exchanges confessing one of the biggest frauds in Indian Corporate History.
Tracked by: 1 Boarder
well udayan ; i respect you very much in terms of knowldge but my question to u is that when FII and other institutions sold so heavely on 7th , who had purchased these shares.
can you give some limelight? the same also applies to mithali / vallab bhansali / vaibhav kapoor / sanjay sharma etc who were discussing this issue like a crime happened in the corporate market . who has got such amount after loosing all the money during this slow down. if one is selling than another is buying . as this is stock business. may be L & T / TECH MAHINDERA / OR ANY FIRM OF ANIL AMBANI. KINDLY MAKE IT CLEAR. i am a samall trader
regards
santosh...
In reply to:
Satyam: A cleverly crafted scam
Posted by : MMB Messenger
Ramalinga Raju, Chairman of Satyam has resigned from the board, reports CNBC-TV18. In his letter to the board, Raju admitted that the IT major`s balance sheet has inflated cash and bank balance of Rs 5,040 crore
Tracked by: 0 Boarder
companies should not cheat investors investing in their company, common investor is investing in market by saving from his pocket and cases like satyam are hell....
Tracked by: 0 Boarder
satyam scam is bad for the market, think about the investors who have invested in satyam script, they must be finding cheated, sorry every one really bad...
Tracked by: 0 Boarder
I have gone through some of the comments in this as well as some other boards - If he was so honest to come out with the truth now where his conciousness was hiding all these days and the real reason to come out 3 days early (not 10th Jan - after asking world bank to retract or face suit, assuring the Employees etc ) - It is a clear indication that he wanted to drag time to get his actions completed - sure he would have made some money for years.
The GOVT Should takeover MAYTAS & all other assets of RR family alongwith all STATES LANDS alloted to SATYAM and auction them to compensate the lessthan 500 - 1000 Nos. shareholders loss.
AP GOVT should cancell all orders given to MAYTAS.
He has given a cleanchit to his family members is again a FRAUD (sorry to use this word)...
In reply to:
Satyam disaster: Experts examine the remains
Posted by : MMB Messenger
It has been one of the darkest days in Indian Corporate History. Early this morning Mr. Raju the venerated promoter of Satyam Computers, one of India’s largest IT Companies dropped a bombshell when he sent a five page letter to the Stock Exchanges confessing one of the biggest frauds in Indian Corporate History.
Poll
Udayan's Market Outlook
 |
Satyam: A cleverly crafted scam | |
| ||
| Udayan Mukherjee, Stocks Editor, TV18 | ||
 |
Popular Boarders 7days| 256 | |
| 237 | |
| 218 | |
| 187 | |
| 158 | |
Top Tracked 7days| 903 | |
| 854 | |
| 838 | |
| 753 | |
| 604 | |
Prolific Boarders 7days| 543 | |
| 201 | |