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ICICI Bank Ltd. Message Board

  • yahoo yahoo May 13, 2005 6:10 PM Flag

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    • I orginally bought somewhere in 11s and sold in mid 14s with original support drop! The price yesterday offered a nice entry...today we'll be up a good amount...will still allow good entry point...should erase yesterday's distribution...

      The market is just so shakey right now...we have terrorism problem (which will never go away), interest rate scares, presidential election, etc...lots of uncertainty...then add a whole new philisophical political change in India and stocks like IBN look really vulnerable.

      I guess it depends how you play it...as a technical investor, IBN is pretty beaten down...chart 'busted up' too...however, fundamentals continue to be strong.

      I recently bought TM based on future products (hybrids) and strong fundamentals. I simply will not invest 'against' the power of Toyota and their new SUV hybrids to debut in a few months! In IBN's case, the same vision can be applied...strong fundamentals with excellent international growth...not a bad model.

      It's just hard to sift through the political change in India...what effect will it have? The gov't is strange over there in regards to control over industries such as banking, or wireless carriers, for example. Let's hope true democratic values reign!

      Truth

    • I look at the article in the positive sense.
      "Whatever the court decides, the offshore outsourcing boom and economic growth in India fueled by a surging middle class is underway. IBM (NYSE: IBM - News), General Electric (NYSE: GE - News), and a growing list of others with major India operations are not heading for the exits. Regardless of who is prime minister, economic growth in India is Job 1 -- to borrow a Ford (NYSE: F - News) slogan.

      Every once in a while, markets produce buying opportunities. Rising interest rates, the price of oil, and developments in Iraq all are chipping away at the market averages. But India is in the midst of an economic boom -- and its banks are the prime beneficiaries. Investors paying attention will see rapidly improving balance sheets and suddenly reasonable price-to-earning multiples."
      This will bring more people into the fold to buy this attractive stock..
      My gut feeling is Rahul Gandhi will become Prime Minister. They may say he does not have experience. But mom can run the show from behind the scenes as power broker along USA style.
      Is Rahul Gandhi harvard educated guy?
      "Great! So did he complete his studies in Harvard?

      A little bit of confusion there. He did complete the four-year AB course in economics, but did not get his degree since he did not get the required grades.

      And here, may we point out that Rahul's dad, Rajiv Gandhi, did not complete his studies at Cambridge? Neither did his grandma Indira Gandhi at Oxford's Somerville College. But did the absence of a degree interfere with the late Mrs Gandhi's leadership abilities? We think not!" So what? Did Bill Gates Finish his college? LOL

      Read http://www.rediff.com/election/2004/mar/23espec1.htm


      ----
      So between leaving Harvard and fighting the Lok Sabha election, what has he been doing?

      Nothing really. An acquaintance of Rahul says, "He is a man of apparently no occupation." After Harvard, Rahul shifted base to London and worked as a financial consultant but even that is a bit unclear. Some say he worked as a manager in a financial consulting agency, the name of which is not known. But Congress leaders who know Rahul disclose that "he was whiling away time in Britain and the US."
      ____
      He is the Man of the hour...
      Will Chidambaram be one of his monisters?
      If he can get the right guys for ministers, watch out for India..
      I am ready to go back and volunteer for teh cause after 40 years in USA!! The tiem is ripe. Rajiv Gandhi and Vajpai started it all... Go India!!!! GO IBN!!

    • Reposted after grammar check.
      ---
      That's true, I didn't post any message for some time, but I was following the board. There were quite a few emotional players during last month or so on this board.

      I did sell my holdings when it was hovering around 17. Made some money but was not huge.

      I am not sure a cup and handle pattern applies for Indian stocks. Indian stocks are more emotion based, which might some times be dangerous.

      Given the current situation it looks like things might recover but will it get back to the old level is a question.

      HDB might recover faster than IBN. INFY and WIT will follow the trend.

      Looks like the most of the trading on Monday's blood bath was by the margin coverers who lost their shirt :)

      It's good you are staying on this board. IMCL looks like safe bet on this market.

    • That's true, I didn't post any reply for some time, but I was following the board. There were a lot of emotional players during last month are so.

      I did sell my holdings when it was hovering around 17. Made some money but was not big.

      I am not sure a cup and handle pattern applies for Indian stocks. Indian stocks are more emotion based too, which might some times be dangerous.

      Given current situation looks like things might recover but will it be to old level is a question.

      HDB might recover faster than IBN. INFY and WIT will follow the trend.

      Looks like the most of the trading on Monday's blood bath was by the margin coverers who lost their shirt :)

      It's good you are staying on this board. IMCL looks like safe on this market.

    • last dividend x date was Aug 1, expect about the same this year, no hard info.

    • Long time, no speak...hope all is going well your way...

      I've been trying to digest the situation over there in India, but it's rather 'fuzzy.' It's not simply a change in political parties, but a change in fundamental leadership (potentially)...although India is democratic in nature, it is by no means like the U.S. The gov't has a heavy hand in how certain business sectors function...this can be restrictive!

      IBN has great fundamentals, no question...I used to hold it but sold when the support was lost from the 50 DMA and 200 DMA...I did take a nice profit!

      What we're seeing here may be a reflex reaction, or it could be a lengthy period of concern for Indian companies...

      I don't think that IBN under 12 is necessarily a bad pick-up though...I've just been putting money in income plays as of late...

      If I can scrounge some money, I would consider IBN at these levels...you have to remember thought that the chart is absolutely horrible right now though and the technical indicators are weak!

      Truth

    • Hello after long time ....

      Why do you feel situation in India is a concern? Are you talking about political situation? Actualy it should do more good because all the vetran economists are part of the party that won the election. Not sure how much of the current selling is done by the FIIs.

      It was funny the writer of following montley fool article says there is a constitunal crisis and supreme court is looking into it. It is a big lie and stupid:
      http://biz.yahoo.com/fool/040517/1084818660_1.html

    • Anyone know when the next dividend payout is ?
      Thx

      P.

    • i bought IBN @ 11.15 and HDB @ 21.00 today.

      they might drift lower, but i think those prices will look nice in the rearview mirror 6 months from now.

      cheers!

    • I've just been hitting it as a reflex when I finish my messages...

      I'd actually figure it as a 'hold' right now...being I'd wait for the bottom and catch on the upswing...

      The situation in India is need for concern though...

      Truth

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IBN
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