The Hindu Business Line : ‘The choice is entirely yours’

Khan had hit upon a discovery of sorts. He found that every time a mega IPO/FPO opens, the market is euphoric. Sridevi had applied for Future Capital last week but was betting on some allotment from Reliance Power. Jogin was planning to go short on Sensex heavyweights as they announce some results this week. Dakshinamoorthy joined in at this juncture…

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Kay: Remember DLF IPO.

Sri: I hope RPL does better than dat

Kay: No. The markets somehow get a positive vibe

from mega IPOs

Jog: I plan to short stocks…hav 2 meet whisper numbers

Dax: Wait a min. Wen hav u turned a shorter?

Jog: Too much of money. Am learning F&O too!

Kay: Ya, was asking me abt the specs two days ago

Jog: Listen. US economy is goin down. Decoupling?

Sri: U r using your lone brain cell ‘investolator’

Dax: Bernanke admits its bad but has cuts

lined up. Connection?

Jog: More cuts may not mean more FII money always!

Sri: I don’t know but my feeling is we will survive

Dax: “Friendly counsel cuts off many foes.”

King Henry VI.

Kay: Who is not applying in RPL?

Jog: Not a single watt of power…

Dax: Potential Jog…potential. After all he

is son of an illustrious father

Sri: 17 January is really important. Might

decide where we head now

Kay: Some big banks also declaring numbers.

ICICI, HDFC…

Jog: Speaking of banks, heard of Merrill Lynch

going after Sheikhs again

Sri: Was reading some earnings estimates, pretty bad.

Dax: Aren’t we getting a bit removed? What

abt our market

Kay: CLSA gave RIL a target of Rs 5300!

Sri: Yes, absolutely crazy. They call it blue-sky valuation

Dax: “What tellest thou me of black and blue?”

Kay: Merry stuff from Merry Wives of Windsor!

Jog: Tata Motors has 5-6 per cent margin per Nano

Kay: It’s like those UN tenders dat pharma cos target

Dax: And we haven’t figured the ex-India demand

Sri: Bosch upped take in MICO. MRF’s tubeless tyres.

Jog: Tell you wat. They all r connected somehow.

Kay: Don’t forget banks. Rates to dip by Q1FY09

Dax: RBI may not raise CRR. Rates may fall.

Jog: Brokerages say banks will have nice loan growth

Sri: Any options if we cant get RPL in IPO?

Jog: NTPC, Tata Power even Reliance Energy.

Sri: Coz it’s the largest IPO in Indian history.

Kay: And listing gains will be super!

Dax: Infra IPOs coming too. Look at textile stocks

Kay: Re-rating for dat is happening for select

Sri: Wud make some gains before Budget

Jog: 70% chances of a downside now.

Dax: See earnings will be good for large cap.

Sri: But will midcaps survive?

Kay: Some trade at 60-80 times valuation.

Dax:Earnings can’t justify dat 1

Sri: RPL IPO is all about greater fool theory.

Jog: The choice is entirely yours Sri.

Dax: Right but a choice is a choice.

Kay: My last wish is we see a good rally and

TCS posts gr8 numbers!

Sri: Talk about wishful tinkering. Bye all (signs out)

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Kum with inputs from Lee

Blog at http://MarketChat.blogspot.com