RE:consistently profitable
by Kishore Kumar Saprakash on Dec 27, 2007 06:51 PM Permalink
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10.
The villagers seeing that there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50."
The villagers squeezed up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!! !
RE:consistently profitable
by raojeetu on Dec 29, 2007 09:03 PM Permalink
HEY KISHORE NICE STORY BUT I DONT KNOW THE MORAL OF THE STORY BECAUSE I AM ALSO DOING SHARE MAIL ME raojeetu@rediffmail.com
RE:consistently profitable
by super success on Dec 30, 2007 08:55 AM Permalink
raojeetu MORAL OF THIS STORY IS THAT THERE IS OPPORTUNITIES EVERYWHERE TO EARN MONEY BUT ONLY NEED TO APPLY YOUR BRAIN AS THE MAN AND HIS ASSISTANT DID.
The irony of stock markets is that for any idiot who is selling the stock, there is another idiot waiting to buy it and each thinking himself to be a wise trader.
RE:All idiots
by Tarun S on Dec 26, 2007 11:44 PM Permalink
Think on the other way.. for every intelligent person selling the stock there will be a more intelligent person who is ready to buy it...i think u have lost money in trading..
RE:Not in a bear phase
by rajeev b on Dec 27, 2007 04:50 PM Permalink
Sensex has crossed your target a long way back. you may be talking about the Nifty.
