The Hindu Business Line : To gain much, never desire to gain too much

Jogin was so disappointed with the markets that he sat watching cricket, disastrous though. Khan sat listening to Sufi music to rise above index incineration. Dakshinamoorthy drowned himself in a thriller. But Sridevi rang the bell to pull everybody into the weekly chat. Stay afloat!

Jog: Was it Friday fury or butchering in the bourses! :-(

Kay: The massacre has imparted, chartistically speaking, weakness to the indices. Call me pessimist, but expect further weakness.

Dax: I agree, Kay. Any upward move is likely to be of transient nature. :-|

Sri : Looks like we aren't quarrelling on the weakness forecast, though Voltaire said, "Weakness on both sides is the motto of all quarrels."

Dax: With the FII inflows trickled down many fear that the downside is far from over! "Pessimism... is, in brief, playing the sure game," Hardy.

Kay: Did you notice that MF IPOs mopped up Rs 7,000 crore in March?

Sri : Yes. When these funds come in to the market, we may have some counterbalance to weakness.

Dax: News of the Government planning to implement CAS (conditional access system) shortly should be positive for media companies such as Zee Telefilms, NDTV and TV 18.

Jog: "TV is an instrument which can paralyse," said Westmoreland!

Sri : Paralysis is better than politics! Cricket experts say our team suffers from 'paralysis by analysis'.

Kay: Arthur Ashe's thought! Anybody watching fertiliser?

Dax: I feel fertiliser companies could rule weak, as there is shortage of supplies of a key raw material.

Jog: Nagarjuna Fertilisers recorded full production in March and improved its performance. "Excellent firms don't believe in excellence..."

Dax: "...only in constant improvement and constant change," said Tom Peters. The scrip isn't moving up due to large equity base. JMO

Sri : The sharp correction on Friday in the case of Infosys could make it attractive and the stock could be back on the buy list of institutional investors. "Ignorance of one's misfortunes is clear gain."

Kay: Euripides said that. Did you notice that on April 11, Photoquip gained almost 10 per cent. Mohan Meakin got about half of that.

Dax: Don't forget that Magna Electr, Bajaj Auto, JM Financial and KEC Inter too gained last week!

Sri : "People who live in the past generally are afraid to compete in the present," Sparky Anderson.

Kay: But, Sri, "Look back over the past, with its changing empires that rose and fell, and you can foresee the future, too," is what Marcus Aurelius advised.

Jog: "When a guy knocks ya down, never get up unless he's gonna kill ya," Gennaro Anguilo said! Hillary says, "If I want to knock a story..."

Kay: "...off the front page, I just change my hairstyle!" Useful Clinton advice. Now get back! Videocon Industries could see some action.

Dax: After its announcement that it plans to invest Rs 8 billion in overseas oil exploration and production!

Sri : Dr Reddy's may continue to see weakness after it lost the case in the US against Eli Lilly! "Everyone of us needs to show..."

Jog: "...how much we care for each other and, in the process, care for ourselves," said Diana. How wonderful! Metal stocks look weak; Chinese demand gradually cooling off? Earthmovers, anybody?

Dax: You want to push the index up using earthmovers? :-)

Kay: Listen, Bharat Earth Movers and Essel Propack can witness some movement. "Change means movement. Movement means friction."

Sri : So said Saul Alinsky! Reliance Energy showed excellent quarterly results but got hit in the broad decline on Friday.

Dax: Government plans to increase FDI cap in coal mining. Watch the sector, therefore! "Holding on to anger is like grasping a hot coal!"

Jog: A quote of Buddha! One can accumulate the stock in smaller quantities during these bearish days. What Kay?

Sri : "The true way to gain much, is never to desire to gain too much," said Francis Beaumont. Take care, everybody!

Lee, with inputs from Nat, Mad, The and Sve.

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