Poor iip numbers,reduced capital expenditure by corporates,over all slow down in the economy,fiis selling,higher valuations etc etc are casuses of concern for this scrip despite strong fundamentals.......

We are just 800 points away,it can fall to below 10000 levels as investors of all communities are in selling mood at the moment.... unless there is any unknown/unexpected miracle happens,it could be very difficult to prevent sensex to fall below 10000 mark.... now investors worry is after falling below 10000,will it be possible to cross 10000 again in the near term....?...

It is very pity to see western style job cuts in india too.... where these emplyees will go after working in company like jet.... more than 50% of these employees must be having credit cards,more than 40% must be having pwesonal loans,more than 30% must be having vehicle loans,more than 20% might have tsken home loans.... what about their future, what about their banks future and what about their investors/depositors future.... if there are few more job cuts like this in other sectors too ,may lead to confirmed recession in india too.... pl note that there are clear signals in IT industry, already companies trimming their pay rolls.......

Kamat was telling on tv that icici is among srongest banks in the world.... pc/rbi/montek singh etc etc supported the same view.... if icici has lacking of funds to do so,it can borrow from govt/rbi.... even it can ask credit rating agencies(s&p/moody`s/crisil) for money as a loan to do buy back.... all of these people restored confidence in depositors mind,it will be good if they help investors also during this trouble season.... pl note that investors already lost 75% from its peak in icici counter and lost everything in GTB issue,they dont want to repeat here.......

Dear cat,many market participants are in curious to see reliance in tripple digit mark once again.... hope this bear season may may fulfiltheir dreams.......

As the company starts its buyback operations in open market in a day or two,the panic falls may not happen in the counter,atleast for the immediate term....

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The depositors were assured by anlysts/rbi/management/govt/rating agencies.... but investors did not get any type of asssurance from any type of these people....

So,icici will have to do buyback to restore confidence among its investors.... pl note that the icici already taken huge premiums in the follow up issues in recent years.... it will be good for investors if they go for buyback with the part of that money(if tey still have) in present poor conditions....

Hope they have enough cash reserves to do buy back with the maximum price of 420 which is close to its book value.... if there is any shortage of liquidty,can collect from govt on credit basis.......

I fully agree with your views....

Poor iip numbers,reduced capital expenditure by corporates,over all slow down in the economy,fiis selling,higher valuations etc etc are casuses of concern for this scrip despite strong fundamentals.......

Today again CLSA has given a buy call. Investors beware. ICICIdirectdotcom gave a buy call before the results and told to buy above 679. Imagine if you had done this when for one day the stock went above 679 after the results. That is when the buy callers might have sold. After that it has been below 640. If you had bought on their advise you would have lost. TOO MANY ANALYSTS ARE GIVING BUY CALL ON THIS. HOW CAN THIS BE SUCH A OPEN SECRET. Small investors will hav a rude shock if you buy. Remember the analysts in the firms giving buy call do not have much stake in the companies they advise. So they are not as passionate as we are. So our research is always better than theirs. What they have better is the data, that is all we should use them for. They are data operators, nothing else. ...

yeah it is chaos..and FII is packing up bags..what with the indian economy not showing that much shine as before becos of the paralysing effect of high interest rates... reliance at 500 sounds like a great buy...you see the problem is with the existence of so many analysts..each of them giving their predictions..of so and so target...whether it is to buy, sell or hold..i wonder if they are so good..they will sit at home and do the same things he has told others to do without the need to waste his time appearing on TV..or writing out reports in websites..for financial houses they worked for. i think analyst, expert or whatever they are called should be banned from giving out buy/sell/hold price targets..on TV or any other media..lets..focus on the real stuff.report about the real news..and reports..and not so called expert own opinion on the price.. we just need another trigger and more people will pull the trigger and before you know it.everything will be available at dirt cheap price.the problem is a lot of common people wont have the money to take advantage of it.the biggies benefit from all this carnage in the future more than anybody else..and thats why india hunger index is so poor compared to other developing countries of similar size.. ...

Mr. Marketman you dont about particular stock, I think you got a short position. You have time fokat comments at messeage board.Ok do dont confuse to investoer or traders....

Hi marketman, Earlier after selling by a fund left and right, the banks also have sold the stock which was pldged by the promoter. That brought the price to 106/- levels. I guess now that now it is turn of poonewala`s stock which might be pledged to Banks triggered the margin level for selling in bulk. Again 120/- 125/- levels are great chance for longterm investors. Keep posting ur observations. ..venkat...

Brilliant idea provided they have funds to do so....