Last week I got the best news of the year so far, my pay got hiked x%. Things some times work well for me too. But along with the hike came a lot of questions, though they have no effect in my work life. I have been working hard for the last three months and my team met almost all the deadlines, in fact finishing some of the work before deadline. But I know people from another project who simply sit idly, browsing, checking mails, play games - not that I don't do these, but they do only these - also getting (x-10)% hike. Balaji was really slogging during March-April, and he has been given a hike of (x-12)% while the lucky ones are getting (x-5)% for doing no work. It may be that their not doing work is a service to the company. A bit of indignation.....hmm.
Today was lit up by saravanan kalai's mail about "IIT-IITians, BITS-BITSians, ANNAUNIV- Anniyans". Good sense of correlative humour. I wish I could have Raj Digital Plus here and see Goundamani saying "Ava thaan maappula ennoda kanavu panni, chi kanni". Though not a decent joke, I can't stop smiling whenever I think of this.
This Saturday I completed "The Da Vinci COde", I should say it was a big let down after the extremely quick and pacy middle pages. It was like the Indian team losing their way in the slog overs after a good spell in the middle overs.
The second time I applied to an IPO, that stock got oversubsribed 66 times. When some analysts(fundamentalists so to say)have said Rs.150 was a bit too much for 'Provogue', but what should we amateur investors understand from this humungous oversubscription.
After a long time, I have seen the share price of a known (to me) company rise more than 20% on a single day. RELIANCE CAPital has risen over 25% today. Anil Ambanis flamboyant words about Relcap as a future financial power house, i guess, has boosted the share. Does this mean valuations have been utterly wrong till today, if a company's head says his company his going to be some superpower is some years from now some how - a stock increases 25% its market price (market cap also). Some thing is FUNDAMENTALly wrong some where.
2 comments:
Payhike: It happens everywhere. I am in the same bracket as some of ur friends are selva. I feel for hardworkers like u. (hey and btw, you are not supposed to blog this. it might lead u into trouble. i suggest you remove the payhike part along with my comment asap)
Send that forward of kalai thru bajji or direct to me. (kg.vetti@gmail.com)
This morning there was an interesting comment on one of the local channels. A market analyst was being interviewed about market basics etc. He said, "eppavume, samayal kaaranga avanga samachadha sappda maataanga." (Expert cooks never eat what they cook.) He said that the same was true of market analysts. Each analysis however carefully done cannot predict the man who matters - the investor!
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