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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 ...

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 ...

ABX Home Equity indices sliding again

The ABX HE indices, which basically shows prices at which home asset backed securities are quoting, are sliding downwards again. This is the ABX-HE-AAA-07-2 ...

The Hunt For Leveraged Players

From John Mauldin’s newsletter: The Commodity Futures Trading Commission announced yesterday that they are looking very hard at possibly closing a ...

Zoho helps get an IPL Simulator Online

In an article on NDTV, Amit Varma (of India Uncut fame) writes about how the new cricket craze, IPL (Indian Premier League) can be absolutely random. I’d ...

New NHAI bonds for Capital Gains Exemption

Samarth Modi, who I’ve been having an email conversation with over all things investing, let me know recently that there were no capital gains exemption ...

I want to be an investment banker

I really do. This has got be a better job than anything else I’ve ever ...

Why Subprime Phase 3

Before I start my theory about Subprime Phase 3, I want to clarify one thing. Everything I mention here is a short term opinion on where things are going. That ...