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Tracked by: 0 Boarder
The accounting fraud done by Satyam will become a subprime crises in India. and market now can go any where.
This cases has raised creditability over the functioning of company auditors. In fact The private auditors are hiring a very low educated junior auditors who are getting very low wages from the principle audit firm, These junior auditors are being entrusted the job of auditing to big companies. these junior auditors who were never capable to have their own cycle and if they are offered by the big corporate houses a facility 5 star hotels for stay and air-conditioned car for pick up then how they will dare to pin point faults of Big Corporates, the fact is that the cheif boss Auditor never audits himself personally the books of these corporate houses and he comes only for signing that balance sheet which was audited by the poor junior auditors, Whereas those junior auditors who have already sold their morels to corprate houses by taking obligation of facilities of 5 star hotels and A/C cars, mearly works as a rubber stamp for and on behalf of their principle auditors. NOT ONLY THIS THESE JUNIOR AUDITOR DON`T KNOW MAJOR BASICS OF AUDITING that how to catch the faults.
hence under such circumastance now more and more frauds will come in light. It is also possible that these corporate house might be preparing two diffrence balance sheets one for deceiving Public and SEBI and another for tax payment purpose. It is surprising that what Income Tax authorities were doing, have they been bothered to collect income tax and wealth tax on the basis of Balance Sheet which was published for public, I think NO, Income Tax authories are collecting tax on the basis of balance sheet submitted to them only and they also never bothered to compare profits shown in the balance sheet presented to them and profits published by the company for Public and SEBI,
NOW FRENDS WAIT AND WATCH THIS MATTER OF SATYAM IS GOING TO BECOME A SUBPRIME CRISES IN INDIA AND ALL TECHNICAL WILL FAIL, the FIIs and Domestic Insitutional Investors both were investing in Indian Stock Market based on the reliability of Audited Profits of the companies but when those Auditors already have lost their creditability then thes big investor if they rely then upon whom, this was the basis reasion the today FIIs and DIIs both were huge net sellers. ...
Tracked by: 0 Boarder
As per my knowledge is concern Stocks which represents in F&O does not have any circuit breakers....
In reply to:
Lets Dow Perform now!!!!
Posted by :
pup
Yes my analysis was correct that correction is coming but the trigger of correction shall be satyam was beyond my dream. In my life of stock history, I have not seen any stock beaten more than 80% in one single day of trading. Govt. needs to give answer as why this stock was not put under circuit breaker when so much speculation was going in the stock. Sebi and exchange officials must be made accountable for this crisis and for erosion of capital of small investors. It is a big shame and a slap on the face of sebi and exchange officials. 
Tracked by: 42 Boarders
Raju.......the biggest ever rascal i have seen in the corporate world.........He is bigger than the Madoff......He was deliberately doing all these...........But his intention to declare this on this date........NO idea.........Heard Frankilin Templeton is stuck heavily......Others have liquadated at loss.....LIC is still holding and some retailors......Whats going to be there in their mind about this company......Morgan Stanley sold 90% of their holding around 68/- big loss, Swiss Finance liquadated everything.....and all other FIIs aroudn 105-110....But why LIC is holding and why Temepleton...??
And why there was a bulk deal happened....we cant say guys offloaded are smarter and guys who bought are fools......But still WHY...they bought........????
Is Ramalinga Raju himself had bought from the open market.......Everybody believes what he has written...but no one knows the truth...,,including the Directors.......what a funny story........Is something happening behind the doors......? I doubt...
======= Your serious views on this........========
Cheers..
Santhosh...??...
In reply to:
NIFTY = 4750 & SENSEX = 15000
Posted by :
mitz
Bears are out in droves today on all message boards and y not . What Bulls took more than a month to achieve was undone in one single day.
One more thing that makes me wonder is why R. Raju ( I dont even feel like calling this demon with a Gods name ) sends his high pithched emotional letter of confession today morning.
If it was his conscience that was pricking him, he might as well have thought " Gosh i have destroyed satyam, atleast let me not destroy the rest of the indian market too" and he could have made his announcement today evening after market hours like what he did when he wanted to do the maytas deal.
However i wonder if there was any other sinister motive behind this announcement ??? Maybe one final package to his family given by people who are interested in crashing our markets . He already knew he would go to jail so maybe he thought anyway since satyam is gone and so is maytas let me do one more Gaphla before i go.
I just wonder if there is more to his confession than what meets the eye. Wish to hear other boarders views on this
Tracked by: 0 Boarder
Dear Uddyan,
Kindly read \"not a penny less, not a penny more\" it is perhaps by jeffery archer...
In reply to:
Extremely rocky kind of session; Satyam down nearly 80%
Posted by : MMB Messenger
Satyam’s stock is down nearly 80% and the stock market is down nearly 7%, the Sensex is down 680 points at 9650, so it’s extremely rocky kind of a session out here for Satyam’s investors and for stock market investors alike. The corporate repercussions of this could be quite huge as well.
Tracked by: 0 Boarder
Dear Uddyan,
Kindly read \"not a penny less, not a penny more\" it is perhaps by jeffery archer...
In reply to:
Extremely rocky kind of session; Satyam down nearly 80%
Posted by : MMB Messenger
Satyam’s stock is down nearly 80% and the stock market is down nearly 7%, the Sensex is down 680 points at 9650, so it’s extremely rocky kind of a session out here for Satyam’s investors and for stock market investors alike. The corporate repercussions of this could be quite huge as well.
Tracked by: 0 Boarder
Dear Uddyan,
Kindly read \"not a penny less, not a penny more\" it is perhaps by jeffery archer...
In reply to:
Extremely rocky kind of session; Satyam down nearly 80%
Posted by : MMB Messenger
Satyam’s stock is down nearly 80% and the stock market is down nearly 7%, the Sensex is down 680 points at 9650, so it’s extremely rocky kind of a session out here for Satyam’s investors and for stock market investors alike. The corporate repercussions of this could be quite huge as well.
Tracked by: 0 Boarder
Satyam’s stock is down nearly 80% and the stock market is down nearly 7%, the Sensex is down 680 points at 9650, so it’s extremely rocky kind of a session out here for Satyam’s investors and for stock market investors alike. The corporate repercussions of this could be quite huge as well....
Tracked by: 166 Boarders
Dear impatient, kindly visit the BSE website and total all buys and total all sell figures, even on net basis, and on an exchnage, the result shud be zero or if they are provisional figures, then it shud be near to zero. ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : impatient
Hi bookworm
May be you have a point. I have only taken the nett figures from bse website but have not bothered to tally the total turnovers of all the buyers and sellersagainst the nett figures. Also I am not quite apt at doing these analyses. I think boarders like kadiyali,hindlevernet,BSR will be able to throw more light on this aspect. Rgds.
impatient.
Tracked by: 42 Boarders
=========IFCI......the future blue chip.......and Unitech.....the worst in next one year period...........
In reply to:
NIFTY = 4750 & SENSEX = 15000
Posted by :
chulbull67
santosh
see i hardly ever posted any msgs here. i apologise for my statement which i made without knowing th deeper meanings.
i dint mean it literally.
and im really impressed ith this MALAYALI id ..who so ever he/she /they//...just for th correct predictions..and nothing else.
hope u wont take th meanings seriouslyonce again im sorry.
pl share ur views on ifci n unitech..
regards
anu
Tracked by: 1 Boarder
I`m glad, i did not read Ur message before, nevertheless, keep posting ur valueable views !!! No PUN INTENDED...
In reply to:
NIFTY FUTURES JANUARY 2009 SERIES expected to close at around 3350 levels ??
Posted by : KotakInvestment
Kotak Investments (07-01-2009 12:40:24): BUY ONLY DELIVERY ICICI BANK 455-465. Be ready to hold and average......RCOM 205 AROUND BE READY TO KOLD LONG
Tracked by: 4 Boarders
Dear Mittal sir ,
I am holding 5 lots ICICIPA400 @ 15-16 CMP 10 and enjoyed todays fall as my loss got halved. I read your fresh analysis today of nifty wherein you gave lower levels for Nifty. Last Month i made losses in my PE and this month want to get profits anyhow. Should i start booking losses slowly or wait till Mid Jan atleast for things to unfold. What are the probanilities of mkts hitting 2600-2700 in Jan so i cn exit my PA with profits, i use your views for my Trading and eagerly await them.
Regards...
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: 0 Boarder
Thanks to NSE for replacing one bad apple by another.
Are there no honest companies left in India for a place in Nifty index?...
In reply to:
NSE removes Satyam from Nifty Index w.e.f Jan 12
Posted by :
ramesh.sahu
WHY NSE THOUGHT ABOUT RETAIL INVESTER HE TAKE ACTION ONLY AFTER SCAN
Tracked by: 0 Boarder
It`s the biggest corporate scandal that india has seen. One that threatens future foreign investment flows into the country and casts a cloud over the Indian technology space as a whole. Nitin Raheja, CIO at Rada Advisors said that the Satyam episode has snapped the big pullback rally....
Tracked by: 42 Boarders
mitz: Ya you are correct, he should wait till the close of market and send his letter. In this situation market will get 2 days to digest the news and can play on Friday, Jan. 9, 2009....
In reply to:
NIFTY = 4750 & SENSEX = 15000
Posted by : mitz
Bears are out in droves today on all message boards and y not . What Bulls took more than a month to achieve was undone in one single day.
One more thing that makes me wonder is why R. Raju ( I dont even feel like calling this demon with a Gods name ) sends his high pithched emotional letter of confession today morning.
If it was his conscience that was pricking him, he might as well have thought " Gosh i have destroyed satyam, atleast let me not destroy the rest of the indian market too" and he could have made his announcement today evening after market hours like what he did when he wanted to do the maytas deal.
However i wonder if there was any other sinister motive behind this announcement ??? Maybe one final package to his family given by people who are interested in crashing our markets . He already knew he would go to jail so maybe he thought anyway since satyam is gone and so is maytas let me do one more Gaphla before i go.
I just wonder if there is more to his confession than what meets the eye. Wish to hear other boarders views on this
Hi coolboy
Good you enjoyed the things.
my view... Since i started my short positions today only i dont want to put any target for anything.
No matter its NIFTY or BANKS...
Let market show when it will halt this down trend which started today.
Lets the profits ride, while i am going to enjoy sitting on sidelines.
Regards
ibrar.k.
...
In reply to:
stbt : nifty fut.
Posted by : coolboy007
Ibrar ,
Hmmm , i enjoyed as one of my PE is already in profits. The LOSS in 5 lots which i hold was halved today. 446 is a crucial level for Icici... Whats your views ahead for mkts especially bank stocks. If we fall frm here , i will start getting out of my puts one by one in small small profits. My Last purhcase of IciciPA was 6 rs.
REGARDS
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Udayan's Market Outlook
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Satyam: A cleverly crafted scam | |
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