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THE CHAT ROOMS
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'The market will be sluggish with sharp moves'Ramesh Shrichand Damani says there is high volatility in the market because of the ban on short sales. sands : any idea wat is happening to the cmc disinvestment? do you think tat i shld buy cmc now? solo : Mr Damani: What happened in the last 30 minutes today? Ramesh Shrichand Damani : Lack of short sellers cause sharp up and down moves kitty : hello rameshbhai: what is your opinion on reliance share now that it has declared a lower net compared to last year? Ramesh Shrichand Damani : It is going through a year of change. It is going to focus on telecom.That require huge investment keely : do you think that acc is a good buy now? it has shown a decent profit this year... Ramesh Shrichand Damani : Cement stocks are doing a rally sands : digital is suddenly attracting a lot of attention and moving up. wat do you think is the reason behind this? Ramesh Shrichand Damani : Co is doing well and growth is there keely : do you think tat vsnl is a good buy at the current price? which way do u thnk tat the stock will move over the next few weeks? Ramesh Shrichand Damani : VSNL disinvestment is more problematic. It will give a good dividend. I am currently long VSNL rk : wat is your opinion on mtnl now? the stock seems to have good fundamentals but is not doing as well...why? Ramesh Shrichand Damani : I have given up on its disinvestment bhavik : rmeshji i have bought 5000 rolta at 240 what shuold i do and 900 satyam at 600 Ramesh Shrichand Damani : I don't like either share sandeep : Will you please comment on NIIT scrip? Ramesh Shrichand Damani : I bought some today. However counter looks weak balu : sir pl tell me about icici bank, why it is falling despite good results Ramesh Shrichand Damani : Exposure to capital markets may be a problem sandeep : If i buy NIIT shares today, is it worth holding them for 6 months? Ramesh Shrichand Damani : Over a two year period, sure bhavik : so what is your recomand for bying insted of this share? Ramesh Shrichand Damani : Somethings like Colgate, ABB, EServe, Bharat Elect all of which i own and trade sanjeev : what about hfcl Ramesh Shrichand Damani : Avoid it bhavik : what are your outlook for market? Ramesh Shrichand Damani : Sluggish with sharp moves sandeep : Any good news for SSI? Ramesh Shrichand Damani : Not really ck : Mr.Damani Please let me know whether Silverline can touch Rs. 150 mark and also about Trigyn tech Ramesh Shrichand Damani : It could but I am not bullish on it. Its equity is too large to service in a US downturn bhavik : what u think future of sub brokers in mrket? Ramesh Shrichand Damani : Bleak. And of Brokers rk : are u suggesting tat hfcl be avoided only bcoz of the KP factor or is it because the stock doesn't have good fundamentals? Ramesh Shrichand Damani : More of the latter. Calculate the Market cap even as of today sanjeev : for small investor enter market or not Ramesh Shrichand Damani : keep a portion in equity ck : I have purchased HFCL at Rs. 315, Mastek at Rs. 217, DSQ at 127. Please let me know whether the stocks can achieve my price ? If yes, till when should I hold. Whether I should sell as and when I recover my price ? Please clarify Ramesh Shrichand Damani : Prices can come back. I just dont like that basket of stocks.Technically all these stocks could rally hb : sir, if i buy niit at current price what is stoploss level if something goes wrong? I will buy it for long term. Ramesh Shrichand Damani : Risk seems low in NIIT at current prices. Keep a stop loss at the 52-week low rv : KLG systel shares are currently at about 35. DO u recommend buying Ramesh Shrichand Damani : Not really. It seems to be a bubble stock. bhavik : there is no oprator in market no investor not so much long position then why is this much of voletality seen? Ramesh Shrichand Damani : I think because there is no short sell sanjeev : can small investor buy infotech share for long time Ramesh Shrichand Damani : Buy the co's carefully. India does have a digital future ck : Please let me know about TISCO ? I have purchased today at Rs. 140 hoping results may be good. Your opinion ? Ramesh Shrichand Damani : Results will be good. Steel just doesn't excite me rmohan : Can i buy colgate, grasim and hcl tech at these prices? thanks Ramesh Shrichand Damani : Colgate and Grasim might be okay Rajiv : What is your opinion on HLL. Does one retain it, it has been hovering around at 180-210 range. Ramesh Shrichand Damani : They need to show sales growth. Profit growth is not enough. reduce margins but increase sales bhavik : what will u suggest for a period one year for good return ? and how much return can get? Ramesh Shrichand Damani : Returns are hard to estimate. Warren Buffett says returns over 15% over a long time for Fortune 500 are impossible to estimate. We might be in for a decade of sub-par returns on equity globally GK : Will you reommend some of the softwrae stocks at their present low level - Polaris, Digital, Pentamedia and Pentasoft? Ramesh Shrichand Damani : I recently bought small positions in Geometric and Subex Rajiv : What is your opinion on MTNL Sir. I purchased it at 345 and it has never reached that level since. Will it ever come back to those levels. Ramesh Shrichand Damani : Looks tough without disinvestment GK : Will there be a stock market rally in the near future? Ramesh Shrichand Damani : It is rallying currently Ankit : Hello Sir,Can u plz tell me some good stocks to purchase.Also tell me your opinion on Infosys, Siemens,Tata Tea,Tata Powers,Global Tele & HFCL. Ramesh Shrichand Damani : See earlier answers today.Tate Tea, Power are okay. I would avoid Global and HFCL. Infosys is a good co but I am selling some holding devang : sir i want to know that the present condition has unsecured our jobs so do think we should continue to be in this field (exp of 5 years ) Ramesh Shrichand Damani : We may not. Also internet is driving out all kinds of intermediaries like brokers, real estate agent or travel agents nayak : dsq is having good fundamentals. shall i hold? Ramesh Shrichand Damani : Explain good fundamentals?? ckr : Mr. Damani, the latest news is Mr. Pawan kumar has resigned from DSQ Board. How much will it affect. I am having position in DSQ Ramesh Shrichand Damani : It is a big negative. Pawan is well regarded : IT SEEMS U ARE AFRAID TO SUPPORT ANY STOCL LEST TOMORROW IT MIGHT GET THRASHED? Ramesh Shrichand Damani : NIIT a A group shares moved 50% in 3 trading sessions. How do you pick stocks in such an environment KITTYPAREKH : i see sensex moving towards 1810 on Elliot ... you think its possible ? Ramesh Shrichand Damani : Kitty -remember the rs also depreciated and that would help stock prices. I do not see such a Sensex currently GK : I have lost my entire savings of 5 lacs in the stocks. What will be your advice to regain atleast a portion of it? Ramesh Shrichand Damani : Invest the balance in a index. Index seems to come back to the top after some time. They change the index. anu : Hello mr.damani...i am anuradha. what about the fall in it shares....is it a temporary phase or a permanent one Ramesh Shrichand Damani : Hi anu. Its hard to say. It looks like a rally in a bear market. market seems to be in a downward trend Rajeev : whats your outlook in Reliance Petro? i hold shares Ramesh Shrichand Damani : I am not very bullish on it. Let's see at the price at which they can place it. peri : Mr.Damani will ever Rupee be less than 40/- in near future Ramesh Shrichand Damani : Not unless we open FDI like China has done. They are growing 8.5% we are at 5.5 sanjay : please advsie on what basis you select your question/ answer Ramesh Shrichand Damani : Questions that interest me or are important. I avoid answeing on too many individual stocks. This is not a show for tips KITTYPAREKH : want to bet that the sensex will breach 2000 in the next 18 months? Ramesh Shrichand Damani : No. But let's stay tuned. Such falls have happened in Thailand Malaysia, so it could happen KITTYPAREKH : What kind of salaries can one expect a technical anaylyst in Mumbai ? Ramesh Shrichand Damani : Maybe 10-15 k to start anu : hello mr.damani!u have not answered my query as to whether this dip in the IT industry is a temporary phase or u see it as a permanent phase? Ramesh Shrichand Damani : It looks temporary. However, leaders may be different KITTYPAREKH : I have been in the markets for 2 yrs. I find it easy to earn 60% compounded. How do I convince fund managers to give me a portfolio to handle? i do it only on the basis of RSI ... can you give me your email address so that we can discuss ? Ramesh Shrichand Damani : My experience shows me it is impossible to do it with a lot of money over $100 million. And for a period of 10-15 years. If you can compound at that rate for 10-15 years you will be in the Forbes 400 peri : i am writing from Denmark, here markets do give lot of importance to Srilanka and other asian countries i feel bad sometimes that india maeket value is not appluded here , what shall india have to do to tell people that indian economy now is 4th largest according to a recent report Ramesh Shrichand Damani : Thanks for your question from Denmark. part of the fault is our Govt. We do not market ourselves. We take it for granted that people will find us.We need to be less bureacratic and more proactive. Like Singapore or Honk Kong. Did you know that with the Taj Mahal and what else India gets only 2 million tourists. Singapore gets 5 million. You figure HELP : Good AFTERNON SIR,WOT DO U THINK?IS THE MARKET TO SLIDE DOWN FURTHER TO 3100?? Ramesh Shrichand Damani : we could test that area in the next 3-6 months (3100) km : Mr Damani,What do you think about the threat from the Chineese Software Industry? Ramesh Shrichand Damani : I think we should be paranoid but we will beat them jain : i think you answered only those question on which you have knowledge or information. when as an anylists you should answer all question where the person is asking information and your advise. Ramesh Shrichand Damani : Nobody knows everything. I certainly don't. a221965 : How to improve the stockmarket Ramesh Shrichand Damani : It requires great wisdom from all. Clearly we are not there yet. Rajeev : WHATS YOUR OUTLOOK ON ESSAR OIL???PL PL PL ANSWER Ramesh Shrichand Damani : Essar group cos are not on my investment list. They have mis-managed a lot of the listed co's. ketanParekh : RSD AGAIN IS GLOBAL TRUST BANK A GOOD BUYAAAAAAAAA Ramesh Shrichand Damani : I dont fancy it bigbad : ramesh u hav not ans my ? abt shipping shares Ramesh Shrichand Damani : I like shipping for the short run. I trade in SCI. They had excellent results laxman : DAMANI CAN U PLEASE ANSWER MY QUESTION Ramesh Shrichand Damani : please send it again, laxman Ash : Hi Mr. Damani Will the market ever work on fundamantals or purely on sentiments - as i believe is happening today....! Ramesh Shrichand Damani : In the long run they work on fundamentals. Nestle, ITC have held value. In the short run it does become a crap shoot mayur : Mr RD, what is your view of Murthy's statement from Hongkong made today Ramesh Shrichand Damani : He may be right. Tech spending is in a free fall across the board Anant : Don't you think SEBI should ban badla immediately instead of waiting for July 2 Ramesh Shrichand Damani : No. I don't think so. Narasimhan : Is Hinduja Finance a good buy with its focus on s/w and media Ramesh Shrichand Damani : I bought some but it seems to be going nowhere. I would hold it at these rates user : Sir is it the right time to enter the market Ramesh Shrichand Damani : cautiously yes. nitesh : what u think a broker should be punish for price rigging or the md/director of the co. Ramesh Shrichand Damani : The guilty should be punished after a fair trial and hearing. Punishment must be proportionate to the crime bigbad : ramesh ur opinion on karnataka bank,karur vysya bank, chowgule steamship,bel Ramesh Shrichand Damani : I like and own Karur and bel. The rest dont excite me mayur : what is the view on LIC Hsg fin Ramesh Shrichand Damani : Good. Dividend makes it attractive rudragol : sir how about Zee Telefilms at 90 Ramesh Shrichand Damani : Let's wait till the price stabilises. Mgmt should not have lent money to KP. It is attractive at some level mahesh : how does NIIT look from here on Mr Damani--------------------------------------- What is the outlook for the sensex and software sector in the next 12 months sir?---------------------------------------------,What are your top picks and top sectors for the next 5 years or Ramesh Shrichand Damani : NIIT looks shaky short term but i like the education franchise. I own a small amt of it. Software will take some time to rebound. I like IT Enabled and PSU disinvestment candidates, Some power and some FMCG rammohansk : why we are genuflecting in front of NASDAQ always? Ramesh Shrichand Damani : It is the God of all tech markets babla : Is First Global really guilty in your opinion. it is headed by such accompllished MBAs? Ramesh Shrichand Damani : The matter is sub-judice and let the courts decide. I respect shankar's views. ranganv : when there is no mechanism for sebi to find out about shrt sales how they are frequently announcing sebi has gone mad these days Ramesh Shrichand Damani : I think you should not ban short sales gopi : Not seen u in CNBC for the last one month Ramesh Shrichand Damani : i was there a few weeks ago on: Winning in a recession Investors : MR DAMANI SIRPLZ ANSWER THIS:I had purchased 500 share of Blue Information of Ahemdabad which were transferred from ur name ? Plz let me know wot is the status of the company? Is it DEAD OR ALIVE?WOT SHOULD I DO WITH THE SHARE CERTIFICATES? Ramesh Shrichand Damani : I do not know of this co.I am sorry Administrator : Dear All, There is a power failure in Mr Damani's office and he will not be able to answer your questions. He will be back next Tuesday. Thank you. Join the Ramesh S Damani chat every Tuesday at 1600 IST. ALSO SEE:
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