I want to sell SBI @ Rs.10000 per share - Not kidding

RSI · #**111** 5th November 2007, 10:17 PM

Parv,
One more thing. I have noticed that a few ooooooooooos in long has irritated you so much. You seem to be very young by age. May be rush of blood. Take it cool man. You are trying to prove again and again that your analysis is right. I have stated in my earlier posts itself that I do not mind applauding intelligence of any person. But I will not go by mere wishful statements. Now your thread is getting a meaningful direction. Pay attention to it. Try to grab as much information as possible. Try to make investment decision based on it. Let me put it bluntly (upon the hope that it will not enrage you _ I am taking a gamble on it). Do not miss the very best piece of information (which I hope that will come out from the other veteran members here) that you may be able to gather here in this thread hereafter in your anxiety to prove that you are right and others are wrong. Pankaj has turned the tap on. Keep probing further and further. You are not going to gain anything by asserting your own views because you are not going to learn any thing new by your own views. Read informative posts with an open mind. Be open and fair for all critics. Take all comments with a smile. Do not loose your cool and never stop thinking. Be it trading or be it investing, accurate, timely and analytical information is the most important.
Take care
Thanks and regards
R. S. Iyer

rajeins@yahoo.com · #**112** 5th November 2007, 11:13 PM

Yes Mr Iyer I fully agree that blind faith in any stock is dangerous and I would say blind faith in any of life's endeavours is also as dangerous.
Now as to stocks they are affected by external environment as well as internal environment. By external we mean world order. Unfortunately a lot things happen in USA and those factors affect world markets. The Iraq war situation is one big bug bear which is ununderstandable .They are several industries that greatly benefited from war but US economy is taking a big beating ,both in terms of war expenditure and costly oil. Till now when ever oil rose XOM (Exxon mobile ) rose; but of late the trend is blurred or getting reversed.
To make a long story short , the only way this forum can benefit members is through getting as much insider info from the firms. Get friendly with CEO's their PAs and so on. Next frankly discuss with company secretaries, CFOs and the like. What you tap put on this URL. Never think of secrecy it doesn't help, publish and you will get the reward. Deal proactively specially with secretive scrips .There are a lot , a group of entrepreneurs who do not want their stocks raise lest their immediate objective of sucking back the stocks becomes expensive .Yes, scrips give great returns but some honchos do not want it at a juncture , but much latter. They have too much money to manage probably . Ispat industries is a typical exmple of a supressed merit . When you have taken some of these points you greatly reduce your risk in market ,and some day virtually, I mean from your gain pint of view, SBI can raise more exponentially like GOOGLE ,I mean you make it rise a lot as much is in your hand (remember suzlon story).

RSI · #**113** 6th November 2007, 09:30 AM

Rajeins,
Got the point. Thank you.
R. S. Iyer

pkjha30 · #**114** 6th November 2007, 06:24 PM

Quote:

Originally Posted by rajeins@*****.com

Yes Mr Iyer I fully agree that blind faith in any stock is dangerous and I would say blind faith in any of life's endeavours is also as dangerous.
Now as to stocks they are affected by external environment as well as internal environment. By external we mean world order. Unfortunately a lot things happen in USA and those factors affect world markets. The Iraq war situation is one big bug bear which is ununderstandable .They are several industries that greatly benefited from war but US economy is taking a big beating ,both in terms of war expenditure and costly oil. Till now when ever oil rose XOM (Exxon mobile ) rose; but of late the trend is blurred or getting reversed.
To make a long story short , the only way this forum can benefit members is through getting as much insider info from the firms. Get friendly with CEO's their PAs and so on. Next frankly discuss with company secretaries, CFOs and the like. What you tap put on this URL. Never think of secrecy it doesn't help, publish and you will get the reward. Deal proactively specially with secretive scrips .There are a lot , a group of entrepreneurs who do not want their stocks raise lest their immediate objective of sucking back the stocks becomes expensive .Yes, scrips give great returns but some honchos do not want it at a juncture , but much latter. They have too much money to manage probably . Ispat industries is a typical exmple of a supressed merit . When you have taken some of these points you greatly reduce your risk in market ,and some day virtually, I mean from your gain pint of view, SBI can raise more exponentially like GOOGLE ,I mean you make it rise a lot as much is in your hand (remember suzlon story).

Hi rajnies

It is a dangerous and illegal proposition and in any case not better than having blind conviction about a stock without any rationale. RSI is pointing out against such things as well I am sure.

One may be benefitted by insider trading sort of thing but that only goes to show that one does not believe in Technicals/fundamentals as a good and legal basis for investment

Please avoid such proposition. I don't approve personally. We should agree to disagree but this idea is not what forum is meant for.
just a quote from WEINSTEIN's book

Quote:

Too many of these people spend their time talking with other brokers and analysts. They go to luncheons where executives of the Fortune 500 companies treat them to chicken Kiev and information about current company performance. You don't have to go to more than a few of these functions to realize that both the chicken and the information being served have been on the warming tables for a long time.

Pankaj

Parv · #**115** 8th November 2007, 05:33 PM

Quote:

Originally Posted by RSI

Parv,
Read my earlier posts once again. Several times I have stated that Rs. 2000/- and Rs.500/- are being quoted only as hypothetical figures for explaining the consequences of blindly holding a stock. They are not target prices and I never intended them to be. If by chance it happens to be target price at a future point of time, note it now itself that it is only an accident. I do not venture in to guessing to target prices. Even in my earlier posts also I stated that a trend trader will try to remain in the trend (without having any preconceived notions with regard to target prices) until market throws him out. In fact, if you read the very post where I posted these two figures (for the first time) there itself you will be able to notice that these were only hypothetical figures.

Do you want a real life example? See the chart of Tripex Overseas (BSE Ticker Code: 531774) See what happened in between February 2007 and until today. Now if a person is still holding it thinking that it will go to Rs. 400/- and if he has invested all his money on this stock, what will be his fate? No prizes for guessing. In fact I had started a thread "A tale of two stocks" some time back on that. But that did not catch the imagination of many members. I do not have any remorse or regret for this. What I am trying to say is that for every SBI there is a Arvind Mills, Tripex Overseas etc. Blind faith in any stock is too dangerous.
Hope this post reduces your anxiety.
Take care
Thanks and regards
R. S. Iyer

Hi RSI,
you had clearly stated that SBI is going to come down to 500 and stagnate there and now you are changing the scene that it was only a hypothetical statement i made

. Ok i'll agree now

.
I've also seen some of the analysts hinting SBI to be @ Rs. 5000 by next diwali. Lets see how fast it will touch my target

Hoping for the best to happen.

Parv

Parv · #**116** 8th November 2007, 05:33 PM

Quote:

Originally Posted by RSI

Parv,
Read my earlier posts once again. Several times I have stated that Rs. 2000/- and Rs.500/- are being quoted only as hypothetical figures for explaining the consequences of blindly holding a stock. They are not target prices and I never intended them to be. If by chance it happens to be target price at a future point of time, note it now itself that it is only an accident. I do not venture in to guessing to target prices. Even in my earlier posts also I stated that a trend trader will try to remain in the trend (without having any preconceived notions with regard to target prices) until market throws him out. In fact, if you read the very post where I posted these two figures (for the first time) there itself you will be able to notice that these were only hypothetical figures.

Do you want a real life example? See the chart of Tripex Overseas (BSE Ticker Code: 531774) See what happened in between February 2007 and until today. Now if a person is still holding it thinking that it will go to Rs. 400/- and if he has invested all his money on this stock, what will be his fate? No prizes for guessing. In fact I had started a thread "A tale of two stocks" some time back on that. But that did not catch the imagination of many members. I do not have any remorse or regret for this. What I am trying to say is that for every SBI there is a Arvind Mills, Tripex Overseas etc. Blind faith in any stock is too dangerous.
Hope this post reduces your anxiety.
Take care
Thanks and regards
R. S. Iyer

Hi RSI,
you had clearly stated that SBI is going to come down to 500 and stagnate there and now you are changing the scene that it was only a hypothetical statement i made

. Ok i'll agree now

.
I've also seen some of the analysts hinting SBI to be @ Rs. 5000 by next diwali. Lets see how fast it will touch my target

Hoping for the best to happen.

Parv

Parv · #**117** 15th November 2007, 07:44 AM

SBI crossed 2300. Just another 7700 to go for 10000

Parv

sumit_gupta88 · #**118** 25th November 2007, 12:41 PM

Hi Parv,

Can you bring some light as to when the Basel II comes into effect.
Also is there any justification of your price target of 10000 based on PE or some other indicators--

Sumit

Parv · #**119** 25th November 2007, 07:46 PM

Quote:

Originally Posted by sumit_gupta88

Hi Parv,

Can you bring some light as to when the Basel II comes into effect.
Also is there any justification of your price target of 10000 based on PE or some other indicators--

Sumit

Hi Sumit,
Basel 2 norms is scheduled to be effective from April 2009. People were asking the same question of justification @ 1400 levels. Now you are asking @ 2200 levels

. Some analysts were of the opinion that by next diwali SBI should reach 5000 per share. Let's c when it'll reach 10000.

Parv

shanku1061 · #**120** 25th November 2007, 10:46 PM

good theory. Are you a customer of SBI or atleast Have you ever visited any of the SBI branches. Hold on tight. Best wishes

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