Stocks in India
I’ve been out of the country for the past few weeks which is why I haven’t been posting as much as I usually do. I’ll be back in about another week.
Haven’t been following much of anything lately except prices of Oil, Gold and Silver, all of which seem to be making new highs. When will it end?
Even the Indian Stock market has been making new highs and defying all expectations, thanks to foreign investors pouring money in. A recent IPO in Reliance Petroleum was oversubscribed by about 60 times!!!!!
S&P just upgraded India’s stocks. Its still not investment grade but its probably time to get in. I’ll have to take my friend Kevin’s advice and start investing in it.
- Selling Covered Call Options Previously, I had talked about selling naked puts on a small mining stock. With one week to go the options are now worth only 5cents a share or about $25. I had sold them and pocketed $175. So it looks like they'll expire worthless and I'll get to keep my......
- Reliance Power: An Indian IPO - Part 2 As a continuation to Part 1, the Reliance Power IPO was over-subscribed . There were 3 slices, retail investors, high networth individuals and qualified institutional buyers. All three were over-subscribed by more than 75 times. In Indian IPOs, you need to send in a cheque for amount you'd like to......
- WCI Up Sharply! OUCH! Yesterday WCI was up over 10% on twice the normal volume. About 5 million shares traded hands at about $17.5 which makes it nearly $100 million dollars worth. I was wondering who was buying up so much of this crap, and then I find out today thats its Bill......
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