0606

Yes eshers,I saw it and my best wishes to both of them

Cheers...

0605

Dear Bhavani,

Pl.replace the snow covered cars with a smiling Vanaja before your II BOD is declared.

Cheers,...

0605

Thanks dear Vam.

Regards,...

0604

Dear eshers,

May I ask you who are those two lovely சமத்து குடம்s in the photograph?

Cheers...

0603

RN,

In the good olden days the shares were available at a cheap price and and all IPOs were offered at FV.So one could earn thro' dividends.But not after 2003.Due to book building process,when the 10 FV shares are offered at 300+ where is the question of dividend yield etc?So forget about DY in Bull market

My family lived in T'Nagar (Chennai) for many years and we had three good neighbours.There was an offer for a 5 grounds plot in that area and the price quoted was Rs 15K/ground.

My father declined the offer.

Neighbour A bought one ground at 15K and sold it after a few years for 20K

Neighbour B bought 2 grounds and sold one after many years for 100K and still owns one ground.

Neighbour C bought 2 grounds and still owns them.

The current going rate for those plots is Rs 2cr/ground!

Now tthe question for you..Of the above 4 who would be very happy and who would be very sad?Obviously you would say that neighbour C should be happy and my father should be sad.But in reality

My father is sad for obvious reasons

Neighbour A is sad for selling the plot too soon

Neighbour B is sad for selling the second plot

Neighbour C is sad for not buying the other three plots

RN, what we get or lose is purely due to OUR DESTINY and we should not dwell in the past.The distance between Teachers day and today is 364(days) and not one

This mail has to carry my sister's signature

Sarvam Krishnarpanam


PS: Kindly take the above story in the spirit it was intended and do not bombard me with questions like what was your father?what was his last drawn salary?Is he getting any pension now?Do you own any other house or plot in Chennai?Have you ever quarreled with your dad for not buying? etc etc...

0602

RN,

1.The cardinal rule in MMB is do not ask a male his age and a female her income!.I am similar to Teledata mentally (never cross teens)

2.I am no finance guy and many times read leger as legder.I would suggest that you seek the help of a good CA who has knowledge on IT related issues and hire his services to file your returns.Our IT dept follows a bottom up approach viz tax evasions of two and three digits are scrutinised first before taking up six or seven digits.So be careful about these matters

3.Gambling can never be taught or learned.It has to come in the gene

4.Somehow you give me the impression of a teacher.Perhaps the world has lost a good teacher when you shifted to stocks.What is loss for the noble profession is a gain for Nobel profession..or vice versa

Cheers,

...

0601

Dear novice1000,

Thank you for posting your views and I wish to clarify the following

K was attacking ICICI and also SBI and said the latter may escape since it belongs to GOI but the former would crash.He also said that this shock would be felt by all banking stocks whether they are party to subprime or not.

Generally he was highly pessimistic about the future of Indian mkts and opined that sensex may crash to sub 10K also.By end July in his last mail he said he has the solution to avert all the crisis and intends to publish the same.Subsequently he has not posted here till now.Perhaps he is in discussion with top US financial personnel explaining them of his methodology.Soon some good news may emerge

Secondly as I mentioned in my last mail,it is not my intention to dispute K or similar viewed boarders.I was just sharing my feeling that such boarders are very vociferous and blow up things out of proportion and so one has to study the situation and take his /her own decision

I am just an acct holder and not a shareholder of ICICI.

Now what are your views on GACL?Some strong rumour has been seeded that it would be diverting 30% of its earnings to Govt charities and welfare funds and the price has crashed by more than 15%

Regards,...

Dear Googol, I just checked your message and noticed Bhavani has already replied for it. Cheers...

I wonder,ANNA,how delighted those kids and their mom would be to see that their picture is appearing repeatedly on the front page on MMB. Their happiness could well be more than that of their father\\`s. SARVAM KRISHNAARPANAM Bhavani...

The bank shares are such that it will still go up once the good news set's in, your friend is unfortunate in falling to the market rumors and acted on it. see Axis bank went 480 from 1200, and now recovered and gone to 750, if one beleived in Fundamental of the compnay he can remain invested or once he seen some targetted profit he can get out. Why brokerages giving SELL, BUY, and HOLD calls because if people don't play they will not make money. and share prices will not move up. It's up to the investors to remain cautious and alert all the times. ...

Dear googol, You always end your message with wit, that can not be matched, keep it up,mIt's providing good laugh.....

Googol, Happy Teachers Day.. My dad told me not to teach anyone gambling as its not a perfect science, so i quit. I am not a teacher from now on but will be a perfect chatterbox on this board. Am requesting mod to open a separate section for chitter chatter... I think more than half the mutual fund buyers post 2007 are in deep losses right? Would u know? BTW since when has the contract note been made compulsory. And it shows ST, STT, STAMPDUTY etc and brokerge Does the brokerage directly go from account to the broker or does it go to NSE/BSE first and they pay the broker on our behalf? I ask this becoz suddenly i realized that the contract note amount total is debited or credited in one go, the debit for brokerage does not happen separately from our account. Its one total amount thats debited or credited as the case may be.. Will you tell me how i am to understand a ledger.... my tax consultant sent me the ledger format of my trades... how to undrestand the profits and losses from it.. please tell in simple steps (like u gave the formulae for profits and losses for trades) BTW are you an finance guy? You do business or ur employed? Just curious thats all and how old would you be?...

0518 which typo????? i did not notice any... methinks my typos are becoming the joke of the board...lols ritts...

dear googol, Let me take little liberty to butt in. Quote:Two months back there was a strong lobby going on in MMB headed by one boarder by name Kalidass who stressed that all financial and banking institutions are in the verge of collapse etc etc and before August Indian Banks would crash. Unquote: I am afraid he didnt say about this in Indian banking system except for ICICI. In fact he was talking about global financial gaints collapsing..And he repeatedly mentioned that Indian PSU banking system is the safest. Regarding ICICI, i am sure you are aware of the problems.. even RBI had to intervene and to warn about the credit expansion beyond the acceptable levels. In reality, the things are really not looking good at ICICI.. otherwise they would have not increased average amount to be deployed on a quarterly basis for their Savings account from Rs.5000 to Rs.10000. There is a simple logic which we have to keep in mind here about ICICI. Economies of scale will result in better efficiencies in any business.But why is it the other way round in the case of ICICI? Kalidas\\`s criticism for K.V.Kamath attracted the anguish of many boarders which lead to misinterpretation of the whole issue. One more thing buddy.. Majority of the global financial giants are on the verge of collapsing and there is no doubt in it. Just the housing martgages( US) alone are to the tune of 5 trillion US $ which are 5 times bigger than Indian GDP. regards PS: pls wait and watch ICICI very carefully.. mounting NPAs are what one will hear in the months to come.. What it can do the stock price of ICICI is better left to individual\\`s guess work.....