RIL touches 2201.5 mark

I had bought RIL at 2200. Now it has come back to that level. I will sell it as soon as it touches 2250 mark & overcome my liquidity problem.

Geodesic sold at 143! 40%/yr RATE OF PROFIT ! :)

I had bought Geodesic at Rs.126.8 on 26May, 2009. & I have sold it today, i.e. 9 Sept.,09 at 143.35. i.e. Held for 106 days. Total approx. brokerage given 0.5(126.8+143.35)=1.350.
Total profit=15.2
Investment=126.8
time=0.3 yr
rate of return=39.9% i.e. approx. 40%
I just hope RIL to touch 2250 mark so that I can get my stuck money out.
These days market is booming. Esp. Infosys is on roll. With no drastic change in fundamentals, it is right time to cash on. Market will definitely correct tomorrow, because advance/decline ration is suggesting that market is on large moving towards correction. NIFTY anyway is in red, while Sensex is still green, but overall indication is towards correction.

Geodesic & RIL update

Geodesic declared dividend of 40% on face value of Rs.2 on 29 August,2009.
Geodesic to acquire a communication & social networking company. Share reaches Rs. 125.
SC issues notice to RIL in duty evasion case. Share plummets by 66 points to Rs. 2004.

Scenario 26 Aug 09: 1987 Black Monday Crash

http://www.stock-market-crash.net/1987.htm
http://en.wikipedia.org/wiki/Black_Monday_(1987)#Causes

Interest Rate futures from Monday

NSE has allowed trading of interest rate futures from Monday.

Geodesic closed at 126.75 on 21 August,09

On Friday, 21 August,09, Geodesic [provider of mobile and desktop solutions for instant messaging, VoIP and Internet radio] reached high of 134 & closed at 126.75. I had bought this share at Rs. 126.8 on 26th May,09. It was down throughout this intermeddiate period, but it is up again.
Reasons might be-
1) overall economic outlook is positive again.
2) News of board meeting of geodesic on August 28, 2009. Dividend policy of company will also be decided in meeting.
3) National ID Project, National Rural Employment Guarantee Act increasing demand of its Simputers.
http://www.medianama.com/2009/08/223-q1-10-geodesic-call-plans-retail-voip-with-spokn-simputer-resurrection/

scenario 19Aug09

If mining is not allowed at some places by central government, prices of that metal will go up, whereas prices of stock of mining company for that metal will go down.