Archive for September, 2008

CHAT HISTORY

CHAT HISTORY FOR 30th SEP,08
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30 Sep 08, 10:09
TTrader: hi GM to all
30 Sep 08, 10:10
TTrader: short nifty if you get 3850 levels in the morning
30 Sep 08, 10:15
TTrader: 3850….short now
30 Sep 08, 10:15
TTrader: sl is 3915
30 Sep 08, 10:37
TTrader: book half at 3800 and move sl to 3910
30 […]

30 Sep,08

Trading Strategy for  29th September

(Please read through “Trading Lessons” to get an idea…all rates refers to nifty futures….watch chat room for intra day calls and comments)
 Intra Day TRP                              Daily TRP                                   Weekly TRP

9.30  am-3895.669                         4152.401                                     4363.496

news snippets

– Citigroup to acquire Wachovia in a deal arranged by government officials. FDIC: Deposits protected
– Citigroup cuts quarterly dividend 50% to 16 cents per share after agreeing to buy Wachovia’s banking assets.
– Stocks tumble as House debates bailout, investors worry economic slowdown in Europe will worsen and Citi buys Wachovia assets.
– Federal Reserve, other central […]

UK lender Bradford & Bingley nationalized

LONDON, England (CNN) — Mortgage lender Bradford & Bingley confirmed Monday it is to become the second bank nationalized by the British government since the financial crisis began.

Britain’s Press Association says Santander will take over Bradford & Bingley’s retail deposits and branch network.

In a deal hammered out with Spanish bank Santander, […]

Asian stocks mixed on U.S. bailout deal

TOKYO (AP) — Asian stocks were mixed Monday after a $700 billion rescue plan of the financial industry — the biggest U.S. government bailout in history — appeared to get the go-ahead from Congressional leaders in Washington.

 

The plan, which still needs approval from both houses of Congress, would give the administration […]

Huge European bank Fortis fails

BRUSSELS, Belgium (AP) — Dutch-Belgian bank and insurance giant Fortis NV was given a 11.2 billion euro($16.4 billion) lifeline to avert insolvency as part of a wider bailout plan agreed to by Belgium, the Netherlands and Luxembourg, officials said Sunday.
Belgium’s Prime Minister Yves Leterme said the bailout shows savers and investors […]

29 Sep,08

Trading Strategy for  29th September

(Please read through “Trading Lessons” to get an idea…all rates refers to nifty futures….watch chat room for intra day calls and comments)
 Intra Day TRP                              Daily TRP                                   Weekly TRP

9.30  am-4052.511                         4191.488                                     4363.496
all TRPs […]

U.S. House approves nuclear pact with India

Yesterday, September 28, 2008, 10:08:55 AM
The U.S. House of Representatives on Saturday approved a controversial deal to expand nuclear cooperation with India after a decades-long ban on exporting nuclear know-how to New Delhi.

Report: Santander makes Bradford & Bingley deal

LONDON (AP) — Britain’s Press Association says Spanish banking giant Santander is taking over British mortgage lender Bradford & Bingley’s retail deposits and branch network.
The report comes after earlier British media reports that Bradford & Bingley will be nationalized and sold off in parts.
Treasury officials and financial regulators held talks over […]

Buffett: Bail out economy or face ‘meltdown’

Today, September 29, 2008, 5 hours ago
Billionaire Warren Buffett tells U.S. congressional negotiators that if they cannot agree on a proposed $700 billion financial bailout, the nation will face “its biggest financial meltdown in American history,” two sources familiar with the talks say.

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