Posted in Human Behavior, STX, tagged Wall Street, Citi, Subprime on January 16, 2008 | No Comments »
Last night, Citi declared its biggest ever loss since formation almost a decade ago, and how did the stock market react, not really that big a deal - we were expecting much more and much worse. Hence, they had already priced in much worse scenarios into the stock price.
As of now, the markets have almost [...]
Posted in Human Behavior, STX, tagged IPO, Reliance Power, Dalal Street, Euphoria, Future Capital on January 15, 2008 | No Comments »
Reliance IPO opened today… And all I can say is that only thing more stupid than the response it got was the IPO of FCH. Both companies have nothing on ground and intend to build businesses from the money they acquire from the market (Yeah FCH may have some revenues)… By the end of the [...]
Posted in STX, tagged BSNL, IPO, Dalal Street on January 15, 2008 | No Comments »
BSNL has started talking about its planned IPO. The company values itself at around $100 bn… yeah you read it right $100 bn… with revenues and profits at almost $10 bn and $2 bn repectively. The minimum float on this IPO will result in the range of $10 bn… man in this going to be [...]
