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11 Oct, 8 tweets, 3 min read
1.Interesting to note that D-Mart is making new highs on a day its rival is planning to open 7-11 stores in a BIG WAY. That's the "insanity" of a Bull Market
2. Interesting to note a company which uses Coal as a RM going up when there are reports of huge Coal shortage. That's the "insanity" of a Bull Market
3. Interesting to note an Index which is very interest rate sensitive making an ATH when the 10 y yield reaches a 6 month high. That's the "insanity" of a Bull Market.
4. Interesting to note that INDIGO went up on huge volumes on a day when Tatas will have a combined market share challenging its position for Numero Uno . That's the "insanity" of a Bull Market
5. Interesting to note that TATA MOTORS made a multi year high when Q2 JLR retail sales were down. That's the "insanity" of a Bull Market.
@threadreaderapp "unroll"
10 Y Yield at a 6 month high
Sorry, it should be 18 month high NOT 6 month high.

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More from @sainik636

10 Oct
1. Will Air-India be an" Elephant in the Room" or a "White Elephant" for Tatas ? Some thoughts .
2.There has been almost universal approval of the Govt's decision to hive off Air-India. For the Govt it is like a Stop-Loss moment. The tax-payer benefits the most since he no longer will subsidise a losing proposition. The Govt. may actually benefit more than what appears.
3.While on the face of it Govt. is taking 46 K Cr. debt on its books, but it has got 3K Cr. Cash, will retain Real Estate & Sundry Assets. including the vast Art Collection, which insiders peg the value at more than Rs.5 K Cr. The RE can be packaged & monetised. Win-Win situation
Read 13 tweets
4 Oct
1. A brief summary of discussions on CH on 3/10/2021 "Will Oct spring a surprise - Lessons from History ". “October: This is one of the peculiarly dangerous months to speculate in stocks. Others are July, Jan, Sept, Apr, Nov, May, March, June, Dec, August & Feb.”
― Mark Twain,
2. Oct has had the biggest fall (22 %) & the biggest rise (16 %) in a study of S&P 500 since 1964. Oct'29 & '87 are well known. In India too, Oct '94,'98,'08 are known for the downside while '07 rallied. In summary, Oct is a very "dangerous" month due to "mindless" volatility.
3.This time Oct is likely to witness the same kind of mindless volatility due to extended valuations; geo politics; RBI policy; Fed mischief, Inflationary trends, results season, China shenanigans etc .
Read 16 tweets
1 Oct
1." LOOKING BACK, LOOKING AHEAD" or as @CNBCTV18Live would say: "Quarter se Quarter Thak".Kudos to that copywriter who devised this phrase QSQT.{ As an Ad professional who cut his teeth in Ogilvy Advertising for me this would have been a dream line}👍 Some thoughts on Markets.
2. At the beginning of the last Quarter had charted out mentally that September would most likely be the "peak" month, did not speculate on what would be the Level, though must admit that, the levels did surprise me.
3. While the Indices have come down significantly from the highs of September we still don't know whether they were the "Peaks". Nevertheless the moves indicate that any rallies from here are on, are likely to be sold since "something" has changed.
Read 9 tweets
29 Sep
1."The Train has left the station" aka "Do the Advisors have Skin in the Game" ?.
2. Huge Interest in the Market & large number of market Analysts/Strategists expectedly giving "gyan" on Indices/Markets & collecting huge fees through Webinars/TV Appearances sucking in the naïve retail folks. Recent volatile moves have made these guys go on to overdrive .
3. Moving Targets are being given on Indices with most of them blithely asking followers to sell ONLY Below xyz levels while looking forward to higher & higher targets ignoring ground realities. Recency bias at peak since they have been successful in the past.
Read 9 tweets
29 Sep
Short term UGLY ( one week). : Hind Petro ( 289) SL 286; Target 299. Disc: Skin in the game.
Pushing my SL to cost
Booked half @ 296 , increased SL to 292. Target upped to 305.
Read 4 tweets
26 Sep
1. UGLY DUCKLINGS vs DIRTY DOZEN. Recently ( July 23rd) had devised a hypothetical portfolio of stocks which were popular at one time, but were being shunned by the markets at that point of time. Called them as "Ugly Ducklings". 15 in number.
2. Most of them had good fundamentals ; however where there was a sharp deterioration in fundamentals, it was visible in the exaggerated decline in their prices eg Yes Bank & IDEA.
3. Typical of any powerful Bull Market, this portfolio also has performed well, however the point to note is, that this portfolio was designed to withstand the ensuing Bear Market, whenever it comes. (My definition of a Bear Market is: 25 -30 % drop in Nifty from the TOP).
Read 11 tweets

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