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Reliance Industries
Stock Market Crash of 1929
Posted by :
BhavishyavaniTracked by: 0 Boarder
Stock Market Crash of 1929
The 1920’s were a time of peace and great prosperity. After World War I, the “Roaring Twenties” was fueled by increased industrialization and new technologies, such as the radio and the automobile. Air flight was also becoming widespread, as well. The economy benefited greatly from the new life changing technologies.
As the Dow Jones Industrial Average soared, many investors quickly snapped up shares. Stocks were seen as extremely safe by most economists, due to the powerful economic boom. Investors soon purchased stock on margin. Margin is the borrowing of stock for the purpose of getting more leverage. For every dollar invested, a margin user would borrow 9 dollars worth of stock. Because of this leverage, if a stock went up 1%, the investor would make 10%! This also works the other way around, exaggerating even minor losses. If a stock drops too much, a margin holder could lose all of their money AND owe their broker money as well.
From 1921 to 1929, the Dow Jones rocketed from 60 to 400! Millionaires were created instantly. Soon stock market trading became America’s favorite pastime as investors jockeyed to make a quick killing. Investors mortgaged their homes, and foolishly invested their life savings in hot stocks, such as Ford and RCA. To the average investor, stocks were a sure thing. Few people actually studied the fundamentals of the companies they invested in. Thousands of fraudulent companies were formed to hoodwink unsavvy investors. Most investors never even thought a crash was possible. To them, the stock market “always went up”.
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The Logic
Posted by :
manoTracked by: 0 Boarder
It is irritating to read some of the messages that some level will hold that seems to be consoling to the people who have invested at higher levels and making huge amount of loses. Once the down trend is on the share price can go anywhere be wise to protect your Capital even if it is lose book lose and sit In Cash until the market stabilize. On a falling market there is no such stock which is good for any reason. The TV commentators or an annalist might tell this is the good level to enter for long term investors they are the same people will be telling you later we warned people to exit at higher level so please do not listen to any one after all it is your money. The market is going to be here for ever there shall be good time come again may be few months or years later one can make money provided if one is wise to save their capital. The share prices might have come down so low from the highest point it might tempting for a buy that is where the small investors are trapped please do not average or go on a buying spree..the targets given to sensex are 10000 to 8000 That seems to be so foolish as we ever predicted the market to see the level of 21000 during 2003 when the sensex was at 2300 level my dear friends i wish to conclude with a note i bought SAIL 300 shares(2002)@Rs3.50/- through ICICI Direct after some days the share price had come down to Rs 3/- i placed a sell order at Rs3/- for with lose of 0.50 Pisa. The system refused to sell because the buy or sell order should not be less than Rs.1000/- so i bought 400 shares at Rs3/- and sold all my holding of 300+400. During that time i happen to watch the quarry time @ CNBC I was shocked to see an investor queering about SAIL who bought that share at Rs 60/- when the market price was @3/- hence the price of a share is determined by the trend and the sentiments rather than our half knowledge analyses...
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Will reliance bounce back tommorrow ???
Posted by : panniTracked by: 0 Boarder
I think time has come when you should get out of all he stocks,sensex is going make new lows,all foreign investors are selling their belongings becoz they know its question of life and death, they need money at any cost,liqidity, fluidity, viability crunch have one meaning, how to get it from small man, common man,how to lure him,should you give him higher rate of intrest, to take out his money,but i say to keep money with you.
sensex might touch 9000, and your assets might be reduced to 25 % of its invested value,but keep cash,becoz if u have the money you can purchase the eqity again at lower level,
common man does not understand the complexities of marcket, & till that time ,he understands, he is a lost guy,he suffers loss of several lac rupees,it is the smart investor, who gets out soon,
but be serious, it seems to be serious problem this time,arcelor-mittal closed their mill for 15 days with pais holidays to all staff becoz of slump in steel rates,
demand of indian iron ore is suffering becoz china need less steel now,as if all the steel used was for olympics,
so dear, its bad time when you may need hard cash,go get it,or your broker might run away, ...
In reply to:
Will reliance bounce back tommorrow ???
Posted by : murajichandra
Dear boarders, please reply my query atleast by today? 
Reliance 1650
Posted by : radhika_nandlalTracked by: 4 Boarders
Boyplunger,
First of all i like ur nick one hell of a lot... NEXT to Oldtimer this is the best nick... Olditmer nick reminds me of books like GOODBYE MR. CHIPS and TO KILL A MOCKING BIRD.
Your nick reminds me of TOM SAWYER..
Dont ask me why but these are fantasy trips i indulge in from time to time, names take me on fantasy trip, places give me the feeling of dejavu quite often.. guess i am a very old soul... LOL LOL
Now coming to the purpose of this board, we are all very interested and curious to know ur methods.. is it pure TA or is it some number game or a mix? Also we would like to know you better.. i dont see much on ur home page. Thanks...
In reply to:
Reliance 1650
Posted by :
Boyplunger
Let mody reply first. See sirji, what is the use of posting my views here if ultimately my posts are going to be vanished overnight?
Pump & Dump Industries
Posted by : BhavishyavaniTracked by: 1 Boarder
hum sub log yeh Ambani ka Cinema 20 saal se dekh rahein hai inka Main Business PUMP & DUMP ka hai shere ko uppar le javo our chote carodo investor ke gale mein dall do aur 52 week hai mein khud nekal javo aur biwi ke leye private designer 300 Cr. ha aircraft lo 8000 Cr. ka duniya ka sub se mehanga bangla banavo yeh saab unchen me share bech kar hi banya gaya hai su bhaio yeh Dono Bhaiyo se bach kar raho dono ek se badkar ek hai Jaihind............
USA V/s. India per capita income
Posted by : BhavishyavaniTracked by: 0 Boarder
Dear friends now overall growth is also in revrse gear our FM talk about 11% GDP but its 7% now and going down like stock market...
In reply to:
USA V/s. India per capita income
Posted by : kukkus
per capita income is not the only indication of Economy ... it is potential of growth which matters .. go buy some good economy book and come to moneycontro message board ...dont give fullish comments
Will reliance bounce back tommorrow ???
Posted by : murajichandraTracked by: 0 Boarder
Dear boarders, please reply my query atleast by today?...
In reply to:
Will reliance bounce back tommorrow ???
Posted by : murajichandra
Dowjones 450 points down at 9.30 pm. RBI cuts crr rate today. Nuke deal to be signed by Bush on wednesday. RIL at year low. Will reliance bounce back tommorrow???
Reliance 1650
Posted by : BoyplungerTracked by: 4 Boarders
Let mody reply first. See sirji, what is the use of posting my views here if ultimately my posts are going to be vanished overnight?...
In reply to:
Reliance 1650
Posted by : chief_kamani
Boyplunger-So now that your magic number has been achieved-what next???
Reliance 1650
Posted by : B.warrenTracked by: 4 Boarders
If RIL breaks 1600, then the next immidiate support is 1544...very unlikely to happen......
In reply to:
Reliance 1650
Posted by : Guest
BP you mean to say that we will not crash further? Also please give your views on the next fall in nifty and what scrips are likely to crash further.If only all Tv and newspaper analysts could guide people like you are doing.
Ankit Agarwal,Mumbai
Reliance 1650
Posted by : chief_kamaniTracked by: 4 Boarders
Boyplunger-So now that your magic number has been achieved-what next???
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In reply to:
Reliance 1650
Posted by : Boyplunger
Sirji, It had to stop. My target for Reliance was 1650. It is not a random number.
Reliance Ind Sept qtr PAT seen at Rs 3328.3cr: Angel
Posted by : justinvenattuTracked by: 0 Boarder
Angel Broking has come out with its earning estimates on Oil & Gas for the quarter ended September 2008. According to the research firm, Reliance Industries` September quarter consolidated sales are expected to go up 16.1% at Rs 37,200crore.
The company`s consolidated PAT is seen down 13.3% at Rs 3,328.3 crore.
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Reliance 1650
Posted by : GuestTracked by: 4 Boarders
BP you mean to say that we will not crash further? Also please give your views on the next fall in nifty and what scrips are likely to crash further.If only all Tv and newspaper analysts could guide people like you are doing.
Ankit Agarwal,Mumbai...
In reply to:
Reliance 1650
Posted by : Boyplunger
Sirji, It had to stop. My target for Reliance was 1650. It is not a random number.
Reliance 1650
Posted by : BoyplungerTracked by: 4 Boarders
Sirji, It had to stop. My target for Reliance was 1650. It is not a random number....
In reply to:
Reliance 1650
Posted by : chief_kamani
Boyplunger-Reliance the Market Leader has stopped ducking and thats the best news for the entire Investors Community!!
RIL-RNRL Court Case
Posted by : K.N.Pillai16968Tracked by: 0 Boarder
The Bombay High Court on Monday suggested that the warring Ambani brothers could approach an independent body to resolve their dispute relating to supply of natural gas from the Krishna-Godavari (KG) basin.
`The MoU (memorandum of understanding) is not able to resolve the issue and we would suggest both the parties to approach an independent body for the same,` observed justice J N Patel.
The case relates to supply of gas from Reliance`s KG basin to a proposed power project by Reliance Natural Resources (RNRL), controlled by younger brother Anil Ambani.
This is not the first time that the court has asked the warring companies to approach a third party for a settlement. The division bench comprising justices J N Patel and K K Tated, had on August 21 suggested that the two brothers should seek the help of their mother Kokilaben to resolve the issue.
Pointing out that direct communication between the two companies have not yielded much result, justice Patel said, `Most of the correspondence between both the parties have been allegations against each other.` RIL and RNRL have submitted copies of e-mail correspondence between both the companies.
Replying to Justice Patel, Harish Salve, senior counsel of RIL, said that it is a legal matter and can only be resolved through the court`s intervention and not by any third party.
`The issue of gas pricing has to be resolved as it has not been reached through an arm`s length formula. We cannot keep the gas in the ground. We are under tremendous pressure from the government regarding the gas supply,` argued Salve. However, Salve said that RIL is ready to supply gas to RNRL at the government-approved price of .20 per million British thermal unit (mBtu).
According to the Gas Sale Master Agreement (GSMA) between the companies, RNRL is entitled to 28 million cubic metres of gas per day from the KG basin at .34 per mBtu for 17 years. RIL has refused to supply gas at that price for that period. `The tenure can only be as long as I have the gas,` Salve argued.
As per the GSMA, RNRL would also be allotted another 12 million cubic metres of gas if an earlier agreement between RIL and power major NTPC falls through. Besides, the ADA Group will have the first right of over 40 per cent of all future gas discoveries made by RIL. The case will come up for hearing on October 7...
Reliance 1650
Posted by : chief_kamaniTracked by: 4 Boarders
Boyplunger-Reliance the Market Leader has stopped ducking and thats the best news for the entire Investors Community!!...
In reply to:
Reliance 1650
Posted by : Boyplunger
I don`t know. Do you have any idea?
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