Bloodbath in the market

sudoku1 · #**111** 22nd January 2008, 04:04 PM

Quote:

Originally Posted by nansrired

General question: what is you timeframe for the people who are into losses because of the crash of past few days. Would the waiting time be 6 months or 1 year.

till sensex remains below 18500.....

nansrired · #**112** 22nd January 2008, 04:08 PM

I guess one of the reason for Stock market crash is the fued between Ambani brothers to become richest Indian.
Anil lauched RPL IPO (which was unethical on his part as it was at the cost of current REL shareholders). This started people sell off to buy this biggest IPO in Indian history. And added to that weak global cues. Everything mixed up burning small investers.

Government should do something to protect small investors so that they don' get caught in the fight between big guys.

Your comments

SridharB · #**113** 22nd January 2008, 04:19 PM

Quote:

Originally Posted by nansrired

I guess one of the reason for Stock market crash is the fued between Ambani brothers to become richest Indian.
Anil lauched RPL IPO (which was unethical on his part as it was at the cost of current REL shareholders). This started people sell off to buy this biggest IPO in Indian history. And added to that weak global cues. Everything mixed up burning small investers.

Government should do something to protect small investors so that they don' get caught in the fight between big guys.

Your comments

Everybody wants to become rich..and if you are getting money it is always at the cost of other's loss....so I feel there is nothing wrong in Ambani brothers wanting to become rich...
but not sure....if that is the major cause of this crash.

sudoku1 · #**114** 22nd January 2008, 04:20 PM

Quote:

Originally Posted by nansrired

I guess one of the reason for Stock market crash is the fued between Ambani brothers to become richest Indian.
Anil lauched RPL IPO (which was unethical on his part as it was at the cost of current REL shareholders). This started people sell off to buy this biggest IPO in Indian history. And added to that weak global cues. Everything mixed up burning small investers.

Government should do something to protect small investors so that they don' get caught in the fight between big guys.

Your comments

where was this fued at 21k???.....enjoying the fights between the two....& noe the duo routed everyone , the govt should save ???(or shave )

till senses closes abv 18500...enjoy the big brothers rout.....

rushie82 · #**115** 22nd January 2008, 04:35 PM

Yes get down to the feet of big brother Ambani (RIL) and hold tight. He will rescue us all.

rushie82 · #**116** 22nd January 2008, 04:37 PM

Man Sudoku why didnt u warn us this time?

sudoku1 · #**117** 22nd January 2008, 04:40 PM

Quote:

Originally Posted by rushie82

Man Sudoku why didnt u warn us this time?

u missed our warning below 18975 close in the thread '24th dec............'

biyasc · #**118** 22nd January 2008, 04:41 PM

Quote:

Originally Posted by sudoku1

where was this fued at 21k???.....enjoying the fights between the two....& noe the duo routed everyone , the govt should save ???(or shave )

till senses closes abv 18500...enjoy the big brothers rout.....

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ind50001 · #**119** 22nd January 2008, 04:44 PM

Buying sentiment will come into the market only after it trades above 18000 levels, till then heavy volatility is not ruled out......even the fund houses are not ready to take new positions at these levels

bombaytrader · #**120** 22nd January 2008, 05:43 PM

This is not about levels on teh sensex anymore. Nobody really cares about 18000 or 18500 or whatever. Shanghai, Nikkei, Hang Seng, KOSPI, Jakarta have all fallen more than us today. While in europe CAC, DAX and FTSE are just about flat to marginally positive right now. Depending on how they close and then how the nasdaq and dow close tonight the market will move up or down tomorrow. If the DOW actually falls tonight as the Dow fututres is indicating then I don't see how Asian markets can rally tomorrow. In that case the best case scenario you can expect a 1-2% fall tomorrow, worst case could be anyones guess. People are cheering about the fact that we closed above the intraday lows but, we still closed down 875 points. I mean if there was guy yesterday who was some how managing to pay for his losses in FnO, today he has lost even more. If there was margin pressure yesterday, today there is even more. So, its not index levels you should be watching right now, its the world markets.