Day Trading Stocks & Futures

[brokenbull]

Ease of doing business and word bank ranking scam. World Bank decided to put stop on publishing Ease of doing business report.
They are looking in to scam and and find out new way for same.

Never mind the fake survey !
Ease of doing business as a sme (Import-Export Co) from a actual person foot on the ground (that too a foreigner who did it successfully in the below countries many many moons ago)
Hongkong (still & was in my time) best to incorporate a Pvt LtdCompany (US$1250)& open a/c at HSBC HK. (Need a HK Resident Company secretary .Directors can be non resident /non citizen )
Singapore almost as good as HK but slightly less than HK.(US$2500)(need a singaporean Company secretary available at standard eastablished price)
USA - Incorporating a corp or LLC & opening banks accounts in the name of the corpn is stright forward,no need for USA citizen or PR /auditor etc
UK is ok . Dubai only in Free trade zone is ok but you need "local sponsor" you have to pay.

 

[brokenbull]

Quote
China's 2nd largest real estate developer just defaulted.

Debt crossed $600B USD

Note: Lehman was liquidated for $600B, also owned by many international banks. Ripple effect soon to come.

May be RMB likely China will devalue its currency to bail out Evergrande.
Unquote
Hope market correction start sooner.
At this pace of index rise may correct 20 % to 30 % current levels.
Only index script are going up with sector rotation.
Midcap and small cap it's falling down sharply.
I am waiting for market correction as I am short at this levels....

Evergrande Saga:
Expect some fire works on USA S&P Futures this week .(which will give knee jerk reaction on our market.
Keep the gun powder dry to pull the trigger on any deep corrections)
(S&P already down 1% on friday .SGXNifty down 100+ points when they closed at Friday midnight)

Evergrande's debt pile includes about 571.8 billion yuan of borrowings from banks and other financial institutions such as trusts. Govt has already said no repayment any time soon to banks &trusts (domestic yuan debts))
Coming Monday & Tuesday are china bank holidays.
The Evergrande payments due on coming Thursday include US$83.5 million of interest on an 8.25 %, 5 year US$ bonds.
Evergrande needs to pay a 232 million yuan coupon on an onshore Yuan bond the same day. ($ bonds trade in HK. Yuan bonds trading in Shanghai has been halted in defenitely)
Bring out the popcorn (or aloo chat/samosa/french fries )

China Evergrande Group plans to let consumers and staff bid on discounted properties this month to repay them for billions in overdue investment products as the embattled developer seeks to preserve cash, according to people familiar with the matter.
The company will organise an online property event by Sept 30 for investors who opt for discounted real estate in lieu of cash, said two employees who were briefed on an internal call on Thursday (Sept 16) and asked not to be identified. Evergrande did not respond to a request for comment on the plan.
Evergrande is pushing the discounted real estate as the preferred of three options for angry investors seeking repayments. The high-yield products paying as much as 13 per cent a year have become a lightning rod for cash-strapped Evergrande, with investors and staff protesting losses and delayed payments from investments that were marketed as safe. Demonstrations that are breaking out across China could sway any bailout decisions by the government, which places a high priority on social stability.
More than 70,000 people bought the products, including many Evergrande employees, citing an executive of Evergrande's wealth division. About 40 billion yuan of them are now due.
In an effort to steer investors away from cash repayments, the company is pushing steep discounts on property assets. Investors can invest in residential housing units at a 28 per cent discount, offices at a 46 per cent discount and stores and parking units at 52 per cent. Discounted rates cannot be lower than price floors designated by local governments. The property discounts are a voluntary repayment option, according to the briefing.
The details of the new plan, which was first floated on Monday, appear to favor large holders. Investors can get one token to bid on their ideal property for every 500,000 yuan invested,

https://www.straitstimes.com/busine...-of-truth-arrives-with-bond-payment-deadlines

 

[manoj2012]

https://www.motilaloswalmf.com/blogs/ceo/should-you-be-worried-about-the-rise-in-markets/234

The above report says that in last 20 years Nifty has undergone more than 10 % corrections in 18 years and 9 of these corrections were 20% or more in magnitude. But in those 20 years Nifty went from level of 1000 in Jan 2001 to 17000 in August 2021....appreciating 17X after all the corrections.

Two corrections less than 50% and less than 10% already happened in last 2 years and market bounced equally fast in a V Shaped fashion.

The main factor is Supply of Money Flow and TINA, lack of any alternate investment Oppertunities.

We need to meticulously monitor US 10 years treasury bond rates, Development on tapering etc for cues.

Meanwhile Corporate earnings will keep improving quarter after quarter .... specially for large listed corporations.

 

[brokenbull]

Agree there is no place to put the money (relative to inflation )+Big corporate earnings are on the upswing after deep erosion since March 2020.
Monday could be volatile.
Emerging markets due to china effect has been down last 7 trading days. India was the sole exception.
USA S&P closed down at 50D moving average friday night.
Nifty 20d ma is around 17300.
Materials & Metals under pressure due to china effect.
Banks,Industrials, Real estate may be a place to hide since RBI/Fin aunty are taking the bad NPA debts from bank's books. So Banks will start re lending aggrssively.

 

[timepass]

Quote
China's 2nd largest real estate developer just defaulted.

Debt crossed $600B USD

Note: Lehman was liquidated for $600B, also owned by many international banks. Ripple effect soon to come.

May be RMB likely China will devalue its currency to bail out Evergrande.
Unquote
Hope market correction start sooner.
At this pace of index rise may correct 20 % to 30 % current levels.
Only index script are going up with sector rotation.
Midcap and small cap it's falling down sharply.
I am waiting for market correction as I am short at this levels....

Evergrande Saga:
Expect some fire works on USA S&P Futures this week .(which will give knee jerk reaction on our market.
Keep the gun powder dry to pull the trigger on any deep corrections)
(S&P already down 1% on friday .SGXNifty down 100+ points when they closed at Friday midnight)

Evergrande's debt pile includes about 571.8 billion yuan of borrowings from banks and other financial institutions such as trusts. Govt has already said no repayment any time soon to banks &trusts (domestic yuan debts))
Coming Monday & Tuesday are china bank holidays.
The Evergrande payments due on coming Thursday include US$83.5 million of interest on an 8.25 %, 5 year US$ bonds.
Evergrande needs to pay a 232 million yuan coupon on an onshore Yuan bond the same day. ($ bonds trade in HK. Yuan bonds trading in Shanghai has been halted in defenitely)
Bring out the popcorn (or aloo chat/samosa/french fries )

China Evergrande Group plans to let consumers and staff bid on discounted properties this month to repay them for billions in overdue investment products as the embattled developer seeks to preserve cash, according to people familiar with the matter.
The company will organise an online property event by Sept 30 for investors who opt for discounted real estate in lieu of cash, said two employees who were briefed on an internal call on Thursday (Sept 16) and asked not to be identified. Evergrande did not respond to a request for comment on the plan.
Evergrande is pushing the discounted real estate as the preferred of three options for angry investors seeking repayments. The high-yield products paying as much as 13 per cent a year have become a lightning rod for cash-strapped Evergrande, with investors and staff protesting losses and delayed payments from investments that were marketed as safe. Demonstrations that are breaking out across China could sway any bailout decisions by the government, which places a high priority on social stability.
More than 70,000 people bought the products, including many Evergrande employees, citing an executive of Evergrande's wealth division. About 40 billion yuan of them are now due.
In an effort to steer investors away from cash repayments, the company is pushing steep discounts on property assets. Investors can invest in residential housing units at a 28 per cent discount, offices at a 46 per cent discount and stores and parking units at 52 per cent. Discounted rates cannot be lower than price floors designated by local governments. The property discounts are a voluntary repayment option, according to the briefing.
The details of the new plan, which was first floated on Monday, appear to favor large holders. Investors can get one token to bid on their ideal property for every 500,000 yuan invested,

https://www.straitstimes.com/busine...-of-truth-arrives-with-bond-payment-deadlines

We had the Akruti City saga in 2008-09. The shorts lost their underpants and the stock more than tripled in a week as they paid up their loan installments.

Voltas had a similar situation and plunged down to < 25, then paid up whatever their dues were and never looked back. I thought I was very smart to buy Voltas as 33 and sell at 46 within a few days

 

[Dr. Jan Itor]

We had the Akruti City saga in 2008-09. The shorts lost their underpants and the stock more than tripled in a week as they paid up their loan installments.

Voltas had a similar situation and plunged down to < 25, then paid up whatever their dues were and never looked back. I thought I was very smart to buy Voltas as 33 and sell at 46 within a few days

Haha... Something similar happened to me in this... Kisi din mil ke gum galat karenge TP sir...

 

[apegaonkar9]

We had the Akruti City saga in 2008-09. The shorts lost their underpants and the stock more than tripled in a week as they paid up their loan installments.

Voltas had a similar situation and plunged down to < 25, then paid up whatever their dues were and never looked back. I thought I was very smart to buy Voltas as 33 and sell at 46 within a few days

Voltage is Tata group of company.......
Lavasa is classic example.
What happened to lanco and unitech......
This saga is totally different.

 

[apegaonkar9]

Evergrande Saga:
Expect some fire works on USA S&P Futures this week .(which will give knee jerk reaction on our market.
Keep the gun powder dry to pull the trigger on any deep corrections)
(S&P already down 1% on friday .SGXNifty down 100+ points when they closed at Friday midnight)

Evergrande's debt pile includes about 571.8 billion yuan of borrowings from banks and other financial institutions such as trusts. Govt has already said no repayment any time soon to banks &trusts (domestic yuan debts))
Coming Monday & Tuesday are china bank holidays.
The Evergrande payments due on coming Thursday include US$83.5 million of interest on an 8.25 %, 5 year US$ bonds.
Evergrande needs to pay a 232 million yuan coupon on an onshore Yuan bond the same day. ($ bonds trade in HK. Yuan bonds trading in Shanghai has been halted in defenitely)
Bring out the popcorn (or aloo chat/samosa/french fries )

China Evergrande Group plans to let consumers and staff bid on discounted properties this month to repay them for billions in overdue investment products as the embattled developer seeks to preserve cash, according to people familiar with the matter.
The company will organise an online property event by Sept 30 for investors who opt for discounted real estate in lieu of cash, said two employees who were briefed on an internal call on Thursday (Sept 16) and asked not to be identified. Evergrande did not respond to a request for comment on the plan.
Evergrande is pushing the discounted real estate as the preferred of three options for angry investors seeking repayments. The high-yield products paying as much as 13 per cent a year have become a lightning rod for cash-strapped Evergrande, with investors and staff protesting losses and delayed payments from investments that were marketed as safe. Demonstrations that are breaking out across China could sway any bailout decisions by the government, which places a high priority on social stability.
More than 70,000 people bought the products, including many Evergrande employees, citing an executive of Evergrande's wealth division. About 40 billion yuan of them are now due.
In an effort to steer investors away from cash repayments, the company is pushing steep discounts on property assets. Investors can invest in residential housing units at a 28 per cent discount, offices at a 46 per cent discount and stores and parking units at 52 per cent. Discounted rates cannot be lower than price floors designated by local governments. The property discounts are a voluntary repayment option, according to the briefing.
The details of the new plan, which was first floated on Monday, appear to favor large holders. Investors can get one token to bid on their ideal property for every 500,000 yuan invested,

https://www.straitstimes.com/busine...-of-truth-arrives-with-bond-payment-deadlines

Dear Brokenbull,
First of all please change name to Ragingbull...,
Keeping updated to self thanks to ST DA as he put this point.
It's 600 B $ matter . If China tries to play with currency.
USA is waiting for this , They have many genius who can broke currency of particular country.
Goldman Sachs,
Most renowned is Gorge Soros famous man who broke bank of England.
In coming days it's interesting to see how drama unfolds.
Any way America was waiting now they hold ace in their sleeves.

Hope most of us knows very interesting saga of Rockefeller Tower once owned by Japan and how real estate giant have forced Japan to burn fingers to get rid of this mess. Then they never tried to play against America.
America is most Rouge country.
Very interesting is Dollar will appreciate or China devalue RMB....

 

[cinderblock]

In green by EoD?

 

[cinderblock]

NDTV HITS UPPER CIRCUIT ON MEDIA REPORTS STATING ADANI IN TALKS WITH NDTV TO BUY STAKE

Hahaha yeh kaise?