The ghosts of expiry and tales of untold amounts of "tape"

Saturday, November 27, 2010

Of course terrible tuesday grew into terrible november after the you tube renditions of barkhagate, mediagate and mostly  the late but timely revelations on market financing of 15% of the indian banking's  book in real estate kept market participants busy in a beariish and feverish month of twice the turnover. I have had ( in my first confessions on current trades, positions and things about mundane work ) a hard time keeping my hands off picks as they keep falling and it becomes easy meat to pick the winners.

The stocks are going to different this time and bit players like india infoline and even bloomberg utv and ashu ( equally influential and stymied, from different edges of the market spectrum ) become redundant with a possibility that this consumer booms auto stocks and midcaps also change the face of business tv with ET trying a facelift and Barkha trying out her public voice till the sixteenth 5 year plan..

More notably the media was silent on the whole sting controversy again busy hopefully figuring out who knows the new canvases which will be painted for India inc India has a long way to go though towards being a world power and here insider trading may have a whole new board game to play with 120 active traders and the derivatives market hopelessly skewing market directions and volume at will. (120 traders account for 50% of trading volume, out of 9000 active trader universe and a tick size of $ 0.001 cent We still to manage direct th hot money propah , ya! 

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