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Tracked by: 1 Boarder
A very important missing link is pointed out by a guest here on the board...
1. Why did he confessed at this point?
2. If there are no such actual funds available, why did he proposed Maytas`s takeover which was seen as a misuse of company`s funds for Raju`s own gain. This means either he wanted to cover up the scam or he wanted to get everything in his pocket if the funds existed.
3. Now, after the objections over Maytas deal.. he reversed his decision in the midnight and we know who work during our night time.
4. He sold his stake once the recovery started aftermath of Maytas deal and no deal.
5. What prompted him to confess after selling his stake and resigning from the board? Is it like a killing of a girlfriend in novels and movies out of jea.. ??
God knows... but while comparing with Enron, one difference remains.. bankruptcy. Satyam is not a bankrupt company like Enron declared itself.
What next? Will Satyam continue to breath normally or the death is imminent? I feel, it will survive. Let the rest of the management team and the entire leadership minus Rajus give some time.....
Stock price is totally different dimension, let us not consider at the moment... the most important thing is the survival of Satyam, our pride of IT business and the trust of global investors who have started looking at our biz models as more efficient...
This is more critical time than terrorists attacks, we have to adapt analytical approach and unitedly force our regulators to play active role rather than taking sleeping pills.
Raju`s have done harm not only to the Satyam shareholders, they have betrayed all citizens and punishment should be severe....
...
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: 4 Boarders
coolboy,
i had couple of 2800 february puts from dec end. my buying price was 120 odd. i thought market will go down from 2900 levels that time. then it started bullish. i kept quiet keeping in mind that i can wait becos it is february puts.
the value went down to 70 levels yesterday. i got one january 3000 put for 120 levels and 3 reliance puts 1290 for 45 Rs. today i sold the january put for 180 and all the reliance puts for 100 each. i keept the february puts. i think i can wait upto 2500 nifty levels.
sure i hope you also come out of ICICI puts with flying colors.
...
In reply to:
WILL NIFTY HIT 4450 IN 2009 ?
Posted by :
coolboy007
Ksmuthuswamy ,
Thanks for thinking about me and my stuck puts ;). One more small blow to ICICI will bail me out if it comes. Icici fell 10% so am sure it will go with Nifty atleast. Nifty fell 6%. You had PUTS??? Did u sq them off today?
regards
Tracked by: 4 Boarders
Ksmuthuswamy ,
Thanks for thinking about me and my stuck puts ;). One more small blow to ICICI will bail me out if it comes. Icici fell 10% so am sure it will go with Nifty atleast. Nifty fell 6%. You had PUTS??? Did u sq them off today?
regards...
In reply to:
WILL NIFTY HIT 4450 IN 2009 ?
Posted by :
ksmuthusamy
Hi Coolboy,
when i see icici bank was comfortably going past 525 levels i was remembering you and your puts. you are stuck with that.right? iam happy now you are relieved..( me too had some puts..but in nifty)..
iam not sure about ICICI..if nifty goes down sure you will get the prize.but banks are expected to fall less now ..due to interest rate thing...take care...
Tracked by: 4 Boarders
Hi Coolboy,
when i see icici bank was comfortably going past 525 levels i was remembering you and your puts. you are stuck with that.right? iam happy now you are relieved..( me too had some puts..but in nifty)..
iam not sure about ICICI..if nifty goes down sure you will get the prize.but banks are expected to fall less now ..due to interest rate thing...take care......
In reply to:
WILL NIFTY HIT 4450 IN 2009 ?
Posted by : coolboy007
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
Tracked by: 0 Boarder
Thank God, we have people like Tata, Aditya Birla Group, Mukesh Ambani, Infosys, Wipro, Hindustan Lever, Glaxo, Proctor Gamble,Assam Company, Mcleod Russel and many more who have been working in India since many decades and we share holders trust them. One Raju can not spoil name of India.
I will now put Satyam in category of Pentamedia, Silverline, HFCL, Maars, SRG and other Companies. The share value of Satyam will be Rs.3 to 5 in coming days.
I will blame Auditors of Satyam to great extent. I wish TCS or Wipro should take over Management to bring back the confidence of every one in Indian Economy and Save the life of 53000 employees....
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.
hi rittu
yeh ok kis baat keliye?
...
In reply to:
Where do you see Nifty in January?
Posted by : nightowl
i brar
i hope you were ok in the carnage today....
Tracked by: 3 Boarders
Hi Rittu,
I think it was good you covered your short.. I think for intra-day on Friday, create some longs in the oversold stocks/Nifty.. and on a gap-up, create fresh shorts..
2500 a long way off... I do not see 2630-2650 breaking in a hurry... Will add cautious longs around 2700, only in stocks i can hold for long term.. Expect Infy to go below 1000 soon... TCS seems like a good buy on breakdowns (though haven`t been tracking it at all).
Btw.. Did you notice how all R-stocks fell? And how T-stocks didn`t? And to add to that, Satyam goes out of Nifty, and is replaced by R-Cap!!! God save our markets if one of the R-scams becomes public!!!!
So no longs on indices for at least a few months.. midcaps and small caps it should be is what i think...
Suzlon likely to face very strong selling in 54-56 zone...
bridge used to be passion.. no golf ever...
Regards
...
In reply to:
Where do you see Nifty in January?
Posted by : nightowl
i dont know raj
this was expected whether the satyam issue had happened or not.. you knew it , i knew it... but now that satyam has happened.. how much more difference is it going to make to the whole scenario.... i dont know...how much worse can be expected..??? i not know... covered the short at 2900... you know if you listen with ears like mine..Lols lols.. you would have heard udayan mention Q"200 points" on the nifty" UQ... thats where i covered... my broker told me not to as it was likely to go down further.... But no, it turned around right from 2900.... exact... thats where i covered the nifty short... infact i dint even see it GO there on the ticker.. dont know when it went there...can always add a short again is what i thought..
had already picked up bharti, so i still have it..picked suzlon for a bounce at 51.. thats it... wait and watch for the moment...
so you think down side should be to about 2500??? hmmmm anyway lower at least.. lets just wait and watch from the sidelines for the moment.... before deciding any which way
din,t know you played bridge... golf too???
Regards
see you on monday
Rittu
Tracked by: 3 Boarders
i brar
i hope you were ok in the carnage today.......
In reply to:
Where do you see Nifty in January?
Posted by : ibrar3
sure rittu. i will be careful.
regards
ibrar.k.
Tracked by: 3 Boarders
i dont know raj
this was expected whether the satyam issue had happened or not.. you knew it , i knew it... but now that satyam has happened.. how much more difference is it going to make to the whole scenario.... i dont know...how much worse can be expected..??? i not know... covered the short at 2900... you know if you listen with ears like mine..Lols lols.. you would have heard udayan mention Q"200 points" on the nifty" UQ... thats where i covered... my broker told me not to as it was likely to go down further.... But no, it turned around right from 2900.... exact... thats where i covered the nifty short... infact i dint even see it GO there on the ticker.. dont know when it went there...can always add a short again is what i thought..
had already picked up bharti, so i still have it..picked suzlon for a bounce at 51.. thats it... wait and watch for the moment...
so you think down side should be to about 2500??? hmmmm anyway lower at least.. lets just wait and watch from the sidelines for the moment.... before deciding any which way
din,t know you played bridge... golf too???
Regards
see you on monday
Rittu ...
In reply to:
Where do you see Nifty in January?
Posted by : raj_tibs
Hi Rittu,
Finally my strategy seems to be paying off.. Had been buying ICICI puts, and selling calls at higher levels..
Even NTPC analysis came true, its weaker than SAIL.... NTPC will become extremely oversold if it opens with a 3-4 point gap down... So will Suzlon around 48... Good levels to play for an intra-day bounce..
Expect further downside if there is a gap-up opening on Friday... A gap down, would cut quite a few short positions... On gap up, 2960-2984 should be good levels to add fresh shorts.
What`s your outlook now?
May login only on Monday/Tuesday as busy with a major bridge tourney till Sunday.
Regards
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: 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.
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