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Today, MandY Holdings has completed one month. Here is the balance sheet ...

Balance Sheet 18-Jan to 17-Feb
Credit Date Description Amount 20-Jan-09 NIFTY-Short (2754-2713)*100 4073 2-Feb-09 NIFTY-Short (2799-2751)*100 4800 2-Feb-09 UTV-Buy (223-229)*300 1600 5-Feb-09 RIL-Short (1301-1275)*150 1950 16-Feb-09 NIFTY-Short (2935-2908)*50 1350 16-Feb-09 NIFTY-Short (2850-2830)*150 3000 17-Feb-09 NIFTY-Short (2850-2757)*50 4650 TOTAL 21243
Debit Date Description Amount 19-Jan-09 Account Opening 650 24-Jan-09 RNRL-Buy (51.90-49)*3576 10371 26-Jan-09 UTV-Buy (252.93-249.38) 1066 28-Feb-09 Service tax 252.68 28-Feb-09 Other Charges 224.85 28-Feb-09 STT 361 TOTAL 12925.53
Total Investment : Rs. 1,20,000
Total Profit : Rs. 8497.47 (+ 7.08%)

We are currently in learning phase hence the 7 % gain in one month is very good.

One major loss faced was from RNRL lot. I couldn't guess the price movement due to covering hence lost 10K plus in that deal. Otherwise I could have had more than 15% monthly gain. After that, faced biggest tension when I short sold 5 Nifty lots with 2850 average price and it reached 2950 on 14th Feb (Happy Valentine day). I was 25,000 down and my entire investment was locked hence there was no scope for averaging. I was pretty sure that market will come down by Feb end at least. Thankfully, budget did the magic and I baught back 4 lots with 7,600 rs. gain. Still holding short one lot.

The overall future for MandY holding is positive. Till now 7 calls were positive and 2 negative. Two more are yet to be realized. Assuming 50-50 in that, 72% correct calls is a good sign for my research and intelligence(or pure luck).

Currently, we are investing only in Department D, hence  hence we can have gains (and looses) irrespective of market going up or down. Point to note, almost all gains are from short sell and I lost heavily in two buy trades. We'll publish our next balance sheet by march end, by which we are expecting 25% profit.

Department E has invested a small amount rs. 6,150 in HCL Technologies. Currently the stock value is 109 rs. with 670 rs loss. But this investment is made with a target of 500 rs share value in 3-4 years. No plans to invest in equities before Q1-09.

Department Zero predicts Sensex will remain in 8500 to 10000 range. If it falls below 8500, it may drop down to 7000. Indian market will see some stability after September and start recovery from 2010.

Market went 283 points up today with nifty jumped 79 points. On friday I short sold Nifty at 2814 under the feeling that market will come down. That too with little over confidence ... 3 lots i.e. 150 shares :)

Today, the first time, I experienced the real heat of market. Still managed to keep my head cool and short another 2 lots at 2914 with reserved funds of MandY Holding. Lets see whether my call is correct or not. Currently I am 250 shares short at average price 2852.

Yesterday, I experienced the worst ever effect of Pink Slips. Our company laid off 40 people from various departments. We tried our best but couldn't keep ourselves away from global slowdown. Fortunately, even during booming time, we never hired people like other companies hence the effect was small. But loosing job all of a sudden is not easy for anyone.

All of a sudden the company atmosphere changed from every day's joyful culture to a silent one. Fortunately, there was no layoff from my team. Being a Team Leader, I was encouraging my team members and other employees but at the same time there was a fear of loosing my own job as well. Fortunately nothing  like that happened. I am still on Indiagames payroll.

In the evening I got a call from my sister, who recently joined Mastek after completing her engineering. Her company put 12% of their workforce on virtual bench. Virtual bench means an employee gets a full year leave and salary is reduced to 20%. My sister was part of that.

Thinking positively, I believe its a time for consolidation. One must evaluate himself. Consider this downturn as opportunity than problem and find your own path. In the booming time every idea is great, every one is genius. But as you can see now, most of them failed. One who can think of great idea in current time is great. hence believe on yourself, prove yourself and let others follow you.

My First Trade  !!!!!!

Bought RIL 3 stocks for 1257 and sold at 1293 gaining 108 rs. The gain is not much ... just 3 % but its my first ever trade using my own DMAT account :) This stock is swinging between 1050 to 1350 range in last two months. Some analysts are predicting it to go below 1000. I see an opportunity to gain some money in that swinging range. Lets see ...

Now bought 10 stocks of UTV at 269.5 . Hope Ronny and team will pull the share up. Disney also has significant stake in the company.

Finally I have found an interesting position for myself in finance domain - A Rocket Scientist :-) . As per wikipedia article - Financial markets, A Rocket Scientist is a slang term used for financial consultant at the zenith of mathematical and computer programming skill. They are able to invent derivatives of frightening complexity and construct sophisticated pricing models. They generally handle the most advanced computing techniques adopted by the financial markets since the early 1980s. Typically, they are physicists and engineers by training. Interesting job isn't it ;-) ?

After a careful study of context and content of the equity market, we have decided following strategy for MandY Holding Pvt. Ltd.:

Few Thoughts
- Think globally, invest locally.
- For short term investments do not care about business and actual company. Focus on numbers, trends, news and mass psychology. For long term investments - think in terms of businessman and investor both. For mid term investments, give mroe priority to events than fundamentals but do not neglect fundamentals and technical analysis.
- Read the news and read the results. But How they relate with each other must be decided by your own judgment. Do not just believe on new channel analysis as they are only good at increasing their TRP.
- Don't panic or don't be greedy. You should know when to average or when to quit. And never ever evaluate stock after you quit. Have confidence(not over confidence) in you and your analysis.

Long Term Investments - With a target more than 3 years i.e. 2011 end.
Mid term investments - With a target of one to two months.
Day Trading - The daily loss should not exceed 5% of the total amount.

Cash Flows
- Initial investment of Rs. 50,000
- Expected earning (cash out) rs. 2,000 to 3,000 per month without reducing existing 50,000 amount. That makes 25 to 30% returns per year.
- Cash available in the account should be minimum 10% and maximum 50% of the total amount at the end of the day.

From next week, I'll start trading with my own DMAT amount with starting capital of 50,000 rs. Every week I'll post my investment details here.

For last three months I am taking lot of interest in the World of High Finance. Somehow problems, issues, disorganization, failures attract me more than success stories. Today was Black Friday for BSE. Only one script gained 6 paise rest all down. I think this is the time to step in.

Several people told me to wait as the market will go down further. I am not starting the actual investment; I'll involve my brain first, learn things, develop my logic. And by December I'll start using my DMAT account which is blank for last two years.

I am neither an investment banker nor a broker who manage huge sum of money (of others ofcourse). There is no way I can change anything. I'll be managing my small amount thats it. Do not think of investing in MANDY Holding Pvt. Ltd. It has a credit rating of ZZZ--

I need few things from few people. They are so high profile that they can not deny giving it

Courage to take responsibilities and challenges

Some real talents in democratic world


Keeping Humor alive over all success and failures


Mistakes and Yet Arrogance ...


A vision and out of box thinking

You know what ... ;-)
Sales and Marketing skills and his statement I am not afraid to start things from the beginning.


Cut throat competitiveness, vision and professional management


And above all ... patience


et cetera et cetera .. Hope you all don't mind giving it.

Lets see how it goes. Hope I'll find some place in the list above.


Best of Luck to Me !!!! :-)

Checkout this video :

U.S. President George Bush said Wednesday [September 24th] night the nation's entire economy is in danger.
He urged Congress act immediately on what he called a financial rescue plan for financial markets. Acknowledging that Congress faces a "tough vote" on the $700 billion bailout, Mr. Bush took the extraordinary step of inviting both party's presidential candidates to the White House Thursday. VOA's Jim Fry reports.

President of America is saying this ... Horrible !!! Was he sleeping for last few years ?


Oh correct .. he was busy in fighting war on terror .. finding a man who destroyed his first two towers .. and chemical, nuclear and biological weapons which can harm US. What about other towers on Wall Street Mr Bush ?