Some Good Steals...

This is what I am opposed to. If a person is investing his life time savings in one trade, why others should be silent and let that particular person earn money from other? Afterall, if the trader in question has his own way, he will be a rags to riches story in a few hours. I have seen a petty jobber make Rs. 34 lacs on 17th May 2005. Even if he won, was not it foolish on his part to short everything without any stop-loss? Why should market be ready to reward such acts of Harakiri irrespective of who makes profit?

Is this the way to bring eqality among masses that the person who have more money should be loosing to reward persons with small coffers? It's not always that Big Money can win. Even a small player has fair chances if he adheres to the money management rules with proper selection of trade. I know it's easier said than done but then battlefields are not for the persons who dont know how to shoot. You know once 217 soldiers of greek did defeat 10lacs shoulders of Persia. If the small investors lacks this ingenueity, they should better sharpen their own skills and then come back in the field.

My dear friend, the problem is that natural way is nothing as there must be some buyers and sellers for even fundamental stocks and stocks don't move up or down on their own. Funadamentally good stocks--This term is a misnomer and may have different meanings in the eyes of different persons. It becomes very subjective when we talk about a stock being fundamentally good. If you do remember HFCL, can you please tell me why stock became fundamentally weak within one day due to pament crisis? Afterall with the telecom space witnessing revolution, the first company to produce optical fibre cables should not have been fundamentally weak. As i did write in another thread, fundamentals do change with the passage of time and today's blue chips may be tomorrow's penny stocks. In such a scenario, the stock will move down certainly one day and then shorting will be opposed. We must not forget that shorting helps in better price discovery of stocks as the sellers can say that the stock, in their opinion, is not good to hold any more. Why we want ban on this freedem to express and give message to the market & its participants? And who knows when people were winning, how many were loosing. Remember, only those persons have suffered who did enter on wrong time and did not have a proper stop-loss strategy in place. No winner in this market is walking to bank on others' bodies as a result of his killing strategies. Ofcourse, I am not talking about operators and manipulators here.

To deal with manipulators, stringent processes should be in place instead of putting a blanket ban on shorting of shares. Why only one set of traders,i.e, the buyers should have he freedom to say what they want to? Won't it be more misleading as a voice of another sect of traders won't reflect in prices thereby distorting the pricing mechanism of a free market? So far as insitence of delivery by the end of day is concerned, the market is moving towards that objective and certainly that will be a welcome measure. However, SEBI's role is and should be limited to be of a regulator only. It's role should be limited to see that manipulations are not allowed and not to protect the unjustified interests of the small investors. If small investors feel that they can't cope with the market forces, why don't they move to MF's? Why there is this greed to outperform the market and create a rags to riches story? SEBI should not be made a regulator who takes care of the greed of some investors/traders be it the big guys or the small ones.

Without any doubt, I want everybody to prosper irrespective of where they do come from, what they do and whether they are a member of a this forum or not. BUt I am against breeding and nurturing inefficiencies in any system be it financial markets or any other segment of the economy. Free markets are one great equilizer and they have their own mechanism of weeding out inefficiencies and to ensure proper allocation of resources. To intervene in this mechanism creates inefficiencies as India has witnessed during the License-Quota-Permit Raj and can still witness in some of the PSU's. So if a person is not good trader let his skills be utilized in a way that adds value to the economy instead of wasting his time in chasing billionaire dreams. Hope the message is clear.

Best Regards,
--Ashish

Hi Chachi,

Thank you for your kind words. To be very honest many times I feel that I am not clear in asking my questions. Your compliment is a good booster to me.

I guess Amitda is busy with home chores and also market is so volatile. Many times I wait for his response but then I try and keep in mind he has his own commitments and I keep shooting questions one after the other. :-)

So whats everyones view on the clsoing of friday. I do not think that it was very +ve. Like Amitda mentioned on Nifty fifty it was pinned down by the trend line, also the late rise was cause of buying of ppl who went short earlier.

I also noticed something on the sensex. 11000 has been a support line. On 21/3/06 it tested it once. then on monday 27/3/06 it gapped up making it an imp support. Then it was again tested on 12/4/06. Now last wednesday the high of the day tested this level and also friday high tested this level. So i think breaking this level is imp. Also the same is true on nifty. on wedensay and friday it tested 3270 which is also an imp level for nifty.

Just my view. I would like to have senior ppls view on the same.

Rgds

Rahul

ashish bhai, i do agree with you that manipulators should be hung or shot. i can see your point of view and i concur with most of the opinions expressed by you.maybe i am overreacting to the news in midday about many middle income families being affected by these broker-manipulator combo.like you said one person's gain is another's loss.it is really a man eat man world out there, is'nt it?.

Some of the very important threads gone down the list like our INDEX!!!. I could not resist bringing this thread up, as any posting in this thread are highly educative and always attracts the members, eager to learn. Posting in this thread, arises curiosity amongst the members and every posting is found important in one way or other (except this posting!!!). Hope Amit bhai will rejuvenate this thread and so will hope other threads from Saint, Supra, VV etc. will remain active.

Traderji may please work on making some selected good threads as STICKY, which remains at the top of the respective section in the order of dates (as found in most of the forums). Also this may help to guide the new members to the educative threads rather than some ….

Regards
Chachi

Hi Chachi,

Great to see your eagerness to learn,my friend.As far as the other thread "New Intermed Uptrend" is concerned,always glad to answer any queries,but as we are in an intermediate downtrend as of now,you may not find any activity till we get back into an uptrend.

Short term traders will be getting in and out,I guess.......but our intermediate friends will be sitting back,taking it easy,planning a holiday and waiting for the next move up.

All the best,my friend.

Saint

Hi Chachi...and also Rahul,
Perhaps when the markets get hammered down we all feel the pinch in some way or the other, materially or emotionally.
Not that one is losing money or anything, as some of us also do the derivatives where there is money happening in this volatility.

So to some extent I am feeling rather distant from this world at this time.
I'm taking time off at this thread and that's all I'm doing, but I'm posting at Nifty Fifty still.

Will get active here by and by.

Thanks for all the support.

Saint and Amit,

Good to see your positive comments. I will be keep throwing my doubts/clarifications to you all.

Thanks
Chachi

Hello there,

sorry was out of town for a few days. Yes Amit I do understand what u mean and I do not expect u to answer each and every query too, though out of curiosty i keep shooting questions to u and saint...Working on law of averages :-) ha ha kidding. no honestly i am alreayd very grateful to all senior members here as I have learned quite a lot and a lot more to learn. to some I have poised questiones and some whose thread I have thread.

Please do your work and keep posting as per your convinience. anything from your side is educative, specially when u ask me to rack my own brains :-)

rgds

Rahul

P.S I just got my copy of Martin pring today. so happy reading to me.

Hi Amitda,

Was just thinking right now from 2003 the mkts really took off. but before that makts were not very active and what I know of was moving more or less in a range. In mkts like those do we still get stocks to buy. Like now mkt is falling so rapidly so all stocks are falling. But when mkts are more or less stable or in a range do we get buying oppourunties based on TA. like mkts were down from 2000 to 2001.

Since you have been in the mkt for long and have seen all kind of phases I thought u can answer this one.

AHHHHHHH.....
Missing this thread drastically now..........

ganeshhity