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Month: June 2008

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Ranbaxy Spikes to 660 at the Open

Ranbaxy saw some weirdo trading today. Look at today’s bar. The high of the day was 660! That’s ridiculous, obviously but why did it go that high? ...

Ranbaxy sells to Daiichi

The story is that Ranbaxy promoters are selling their (nearly) 35% stake to Daiichi of Japan. The price is Rs. 737 per share and reflects a big premium on the ...

System Trading – A link to begin with

To read more about System Trading (read my last post) check out Ed Seykota’s Trading System Project. The project gives you an idea about how trading ...

FIIs sell out and Systems Rule The Roost

FIIs are selling out big time. For 2008, the figure is an astounding 19,000 cr. with 5,000 crore exiting in may, and 4,000 cr. in the first nine days of June. ...

Ambac, MBIA downgraded; more losses to come

From Bloomberg: Citigroup Inc., Merrill Lynch & Co. and UBS AG may post losses of $10 billion on bond insurance after MBIA Inc. and Ambac Financial Group ...