The biggest crooks are right here and they are the manipulators from Wall Street and the media.
Couple of years ago they were talking $200 barrel oil, and now they are talking 20 bucks barrel oil. You have to be a #$%$ to truly believe that the fair price for a barrel of oil it has changed this much in 2 years.
The oil future trade is a scam. Greedy crooks from Wall Street are manipulating the price of oil as they did the prices for homes before the housing bubble has collapsed.
The media doesn't help either. CNBC is the worse. I have watched the oil trading up over a buck in the morning, then Jackie DeAngelis comes on with the oil inventories repeating the same thing 4-5 times a day and the oil is tanking right away. I can understand that oil inventory is important but what good it does repeating the same old krrapp 4-5 times a day beside creating fear and panic ?
I bet that if she would wake up one morning with something very stiff and hard in her mouth being unable to yap about crude the price of oil would shoot up at least 5 bucks per barrel in less than a week.
In my opinion she truly deserves a nice treat like that for her service
I have a question for you and I'm serious.
Do you really think that this company will still be in business by next September-December ? For how long they can stretch it out if the oil stays around 40 bucks or less ?
and many times in between. I wish I would be that smart to find the top and the bottom on any giving stock,then I would have better things to do than reading this message board.
The question is for how long EXXI gonna survive ? They have tons of debt. Based on predictions oil would not recover anytime soon.
Is this a full grown company is this a multi-billion dollar business ?
Do they have that much cash that they can effort a dividend ? How about acquiring other small companies to expend their business instead of paying out a ridiculous dividend which is not even 2 pennies per share ?
This means that this clueless bozos have no vision what so ever haw to grow their business, they have no game plan for the future. Instead of growing they are just barely surviving. Even now when the Indian stock market is hot, businesses are picking up and some stocks have doubled and tripled since the new president Mudi has been elected this stock hasn't done nothing. Did the announcement of the dividend has shown any appreciation on the PPS of this stock ? Not at all !!
Why ? Because is something fundamentally wrong with this management which has lost trust on Wall Street and the investment community.
What a shame.
It can be frustrating watching this pattern repeating over and over again but I'm still long with lots of share hoping that they will continue to show improving margins and profits in the upcoming quarters.
It may take longer than I expected but I have no doubts that the smart money will find its way and will lift this stock to new highs if management will deliver instead of hyping the stock on empty promises.
I still think that lots of money can be made here for the patient investor.
Good luck to all you longs.
I hope that it will be no pop before earnings because it benefits just the momentum traders on the expense of the long term investors.
Would be a good sign for a changing trend.
I can see that the speculators and eternal bashers are lining up already.
Based on a article reported by Reuters in 2008 “The Government of India has mandated that companies listed overseas and not listed in India will have to list on the Indian market within three years of posting their first year of profitable results. Based on the same article SIFY has reported profits in the 2006-07 fiscal.
Therefore is not impossible to see SIFY trading on the Indian stock exchange as well in the future if they will remain profitable.
How this will effect the PPS of the stock if it happens I have no clue.
Previously I have posted the full article but it appears that Yahoo has blocked my post.
In hysite your math is about right and than I can ask myself could I should I would I ?
Do Individual Traders Make Money?
Trading lore has it that the average trader loses money in the markets. Some estimates put the proportion at 80% or even higher. When we think of all the potential disadvantages of the individual day trader, it's not hard to believe those numbers. After all, the individual day trader as a whole:
1) Does not participate in the long-term upward drift in stock prices exhibited by equities;
2) Does not have a team of analysts providing researched trade ideas;
3) Does not have a dedicated IT and programming staff to support and automate trading;
4) Does not have a rich array of colleagues to share ideas and learn from;
5) Does not have access to the best trading software and news services;
6) Does not enjoy preferential commission rates available to exchange members.
Clint Eastwood said : A man's got to know his limitations.
70 grand it may sound lots of money but it would be insane for me to move in and out with 95 thousand shares anyhow. It took me more than 6 month to accumulate my shares do to the low volume averaging 1.88 p/s
Trading in and out with a small position (let say 15-20 thousand shares) would not make a big difference to the bottom line even if I would do it successfully. I'm greedy and I'm here for a million at least not for 70 grand.
Long as the fundamentals are strong I have no worries. I don't care what Raju has done or failed to do in the past. I do like that he turned a money losing company around to be profitable at the time when India's economy is still struggling.
Do you really think that institutions will not return if SIFY gonna show 2 more profitable quarters ?
Wall Street and the guys with deep pockets are much smarter than that.
Good luck to you with your trades. I'm not that smart.
Sentiment: Strong Buy
Then you will be out from this stock much sooner than me because I want 12-15 bucks for my shares and that will not happen earlier than a year or two in my estimate. The difference between your thinking and mine is that you like many others on this board will be here over and over again year after year trading in and out from this stock with few thousand shares but when I'm out with my 95 thousand shares @ 12-15 bucks p/s I'm intending to retire and never look back.
Is no Institutional ownership over here therefore is no support and the stock is haven for shorts & manipulators right now but that doesn't bother me because I'm not looking for a quick buck, I'm over here for the big money and that takes time and lots of patience.
I don't know to many stocks with the potential of 7x-8x return in about 1 to 2 years but this is what I'm seeing over here. For sure this is just my opinion.
Good luck to you.
Internet may after all be more addictive than alcohol, at least in India, where more than two thirds - 71% - of those who participated in a survey by global management consultancy firm Boston Consulting Group (BCG), is willing to let go of alcohol for internet access.
About 64% would sacrifice chocolate for internet access.
Such user interest and participation is driving the India's socalled Internet industry to Rs 10.8 trillion by 2016 or about to 5.6% to the country's gross domestic product (GDP). This compares to about Rs 3.2 trillion in 2010 or about 4.1% of the GDP.
If the Internet industry was counted as a separate sector, it would be eighth largest in Indian economy - larger than mining and utilities - according to BCG's latest report, The $4.2 Trillion Opportunity: The Internet Economy in G-20.
To be sure, BCG counts India's IT services exports as part of the internet economy, constituting the largest chunk - about 59% - while actual internet consumption makes up only 20% of the sector.
Growing at 23% annually, India's internet economy is the second fastest growing one in G20 countries, ahead of Russia and Mexico.
"Consumption is the principal driver of Internet GDP in most countries, typically representing more than 50% of the total in 2010. It will remain the largest single driver through 2016," said Arvind Subramanian, a partner at BCG.
By 2015, based on existing projections, India, which with 120 million users has the third largest Internet user base in the world, is projected to hit 350 million, catapulting it to a global ranking of 2, with the fastest rate of growth.
Right now the shorts and manipulators are in control over here but their days are numbered if the company remains profitable.
In my opinion is a potential to have a 7-8 bagger on this stock in less than 2 years if the Indian economy gonna recover.
Sentiment: Strong Buy
Trading in and out from stocks is not my thing, I never was very successful on that. I prefer to hold long term positions having a price target on that particular stock and if I reach my target I'm out and I never look back. My target on SIFY as now is 12-15 bucks and I don't care if it ganna take 2-3 years to get there. In my opinion SIFY will do very well if the Indian economy will recover. Is just matter of time and patience. The stock is a roller coaster right now but the price movement from a day to another doesn't bother me at all. I let the traders worry about that because most of the time they are missing out on the big gain anyhow.
I have no doubts that SIFY has a shady past but I'm impressed on on what they accomplished in the present. In my opinion is a achievement hard to beat to bring this money losing company on a path of profitability now when India's economy is in trouble.
If they can make money in a such a harsh economy when businesses are cutting back instead of expending I'm guessing that they goanna do exceptionally well when India's economy is bumming. This is the risk that I'm taking.
My only comment is that if SIFY makes money and remains profitable is no doubt in my mind that institutions will return in hurry very soon. Wall Street is very forgiving for the company's past if somebody with deep pockets feels that money can be made.
The big guys don't give a d@mn on what Raju done yesterday if they feel that they can make money on what Raju is doing today.
And what is a better prove that he is doing the right thing right now than bringing up a money losing company to be profitable one ?
This is my bet on my 95 thousand shares.
Just wait couple of more quarters and you will see that the past doesn't count no more.
For sure there are lots of Bill Ackman type of greedy scavengers on Wall Street who are trying to bring down even good companies like he tried to bring down Herberlife.
To bad that for small companies nobody with deep pockets shows up like billionaire Carl Icahn did for Herberlife and the low life parasites of the Wall Street can have their way making millions on the expense of the retail investors.
With all this said I'm happy with my investment in SIFY averaging $1.88 on 95 thousand shares hoping that one day I will cash out and retire with the money I made jus on this stock alone.
Seems to me that the dumping never ends over here. On any spike somebody is dumping truck loaded of shares. Is bizarre what is happening over here because I'm not seeing any major institutional ownership on this stock. I doubt very much that is the retail investor particularly after 3 profitable quarters in the roll and the stock is not trading much above its 52 week lows.
It is possible that some Wall Street hyenas are taking short positions all the time when the stock is popping figuring that without Institutional ownership the stock can be manipulated to their own discretion without no risk at all ?
Something is fishy over here in my opinion .
Any intelligent thoughts ? Lest sick to who is selling please if you have any ideas.
I was wrong predicting the close @ 2.48 but your prediction turned out much worse than mine.
With all this said i can't see what else caused the dramatic sell-off other than a quick profit taking.
Quarterly revenue rose by 22% to approximately 2,505 million rupees, or approximately $40.7 million, beating analysts' expectations for sales of $38.88 million. Meanwhile, Sify turned in a net profit of 111 million rupees, or roughly $1.8 million, compared to a net loss of 57 million rupees in the same year ago period -- that is, when you exclude its massive one-time gain this time last year from the exit of its MF Global Sify Securities India affiliate.
Go SIFY long & strong
Sentiment: Strong Buy
Shake out. Weak hands are gone.
Will close @ 2.48
Stay long and strong.
If you really think investors should get reimbursed for holding a #$%$ stock like this instead of being charged.
Oh well, somebody has to make money even on a POS like this.This how the crooks of the Wall Street are ripping you off.
What a scam.
If you really think 2 or 3 more quarters is not that far down the road if you are a long term investor.
Patience is the name of the game over here if you believe in India's recovery and the future of this company.