Trading with PT style
- Thread starter praveen taneja
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Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs 10. The villagers seeing that there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at Rs 10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs 20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50."
The villagers squeezed up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!!!
Welcome to the "Stock" Market!
The man bought thousands at Rs 10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs 20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50."
The villagers squeezed up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!!!
Welcome to the "Stock" Market!
If Mahatma Gandhi had ever given thought 2 the Stock Market
He would have added to his famous three a fourth monkey with hands covering his Ass!
Yrs ago people who sacrified their sleep, family, food and happiness were called SAINTS. Today they r called shareholders
Good time to invest in stocks of Rupa Frontline, VIP underwear, Jockey briefs etc. Sab ki chaddi utar gayi hai. So, everyone will buy a new one
He would have added to his famous three a fourth monkey with hands covering his Ass!
Yrs ago people who sacrified their sleep, family, food and happiness were called SAINTS. Today they r called shareholders
Good time to invest in stocks of Rupa Frontline, VIP underwear, Jockey briefs etc. Sab ki chaddi utar gayi hai. So, everyone will buy a new one
Indian ADRs end in red; banks, telecom, tech slip
Indian ADRs ended in red on Thursday, barring a couple of stocks. In the telecom space, MTNL was down 3.35% at $ 3.17 and Tata Communication was down 1.74% at $ 16.37. In the banking space, ICICI Bank was down 2.32% at $ 37.5 and HDFC Bank was down 1.38% at $ 136.98.
Indian ADRs ended in red on Thursday, barring a couple of stocks. In the telecom space, MTNL was down 3.35% at $ 3.17 and Tata Communication was down 1.74% at $ 16.37. In the banking space, ICICI Bank was down 2.32% at $ 37.5 and HDFC Bank was down 1.38% at $ 136.98.
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