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TSO entry triggered today, up 6 %. High volume at the break, nice!
Tata Motors sinks on fundraising plan
Thursday May 29, 8:23 am ET
Tata Motors shares plunge on fundraising plan for Jaguar, Land Rover deal
NEW DELHI (AP) -- Shares of India's Tata Motors Ltd. fell more than 8 percent Thursday, a day after the company said it would raise $1.68 billion through new shares to finance its recent purchase of Jaguar and Land Rover.
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Shares fell to 582 rupees ($13.61) and analysts were watching for further declines amid sluggish demand for trucks, buses and cars and rising commodity costs.
Citigroup cut its 12-month price target on Tata Motors to 791 rupees from 914 rupees, Jamshed Dadabhoy, an analyst at Citigroup Global Markets India, said in a note.
Tata Motors, India's biggest automaker by sales, said Wednesday it planned to raise the money through rights issue of equity shares, leading to fears that the stock value would be diluted.
The rights issues will expand the company's equity capital by about 30 percent to 35 percent in the current fiscal year that began April 1, the company said.
In March Tata agreed to buy Land Rover and Jaguar for $2.3 billion from Ford Motor Co.
"The magnitude of this offering is unexpected and could adversely affect short to medium-term stock performance," said Dadabhoy.
http://biz.yahoo.com/ap/080529/india_tata_motors.html?.v=1
Thank you Mike. I just reentered here, at 36.05, dont want to miss this ship. Trying to be more confident and patient in the future. My trading style is costing me to much nerves.... and money, I admit. Trying to improve this in the future, thanks for your advise!
great video mike! I am out for now at 38,10 nice profit so far, thank you. I plan to reenter at the new support at the breakout-line. Great Pick!
yes, I agree. But as I have been burnt before by this stock, I am still just watching....- and waiting for a further 30% drop or so. Maybe it takes some more weeks, imo. Saw same things happen with frpt, so I am just cautious. GL to you and everybode here
Hi Juke, Mike does NOT send email alerts, please read here, some days ago, by mikeanthony:
Posted by: mikeanthony
In reply to: mikeanthony who wrote msg# 7271
Date:5/18/2008 9:57:33 PM
Post #of 7346
**Weekend Video Update re post**
For anyone who missed it.
Remember I do not send out email alerts.
Click link to watch my one video for this weekend.
http://www.screencast.com/t/mZ8iTmJzUNm
I think that one automatically gets the link with the email-alerts on ones board,you cannont abandon this link on ihub, - but not every moderator wants to use it.(see above...)
Stay tuned,step by frequently,and see you at the bank :)
DNR looking very strong in a weak market. Looking like a Monster! Added some more here....
GL to everyone, nice to be on board!
Mike, thank you for the video and for all your work here. I am invested in 8 of your picks, seeing big green candles all over the board. Thats awesome, never had this before in my 10 years of investing. My account is steadily improving, weeeee! All my money is in your ibox, giving me fantastic results, making me lots of money!!! Hope to be able to visit you on your beach sometime :)
Blessings to you, keep up your great work! Learned so much from your style of investing......, very thankful I found You,
Alibaba
Good question,- as i see it, a stoploss will be applied by Mike if it comes to a fake-breakout. Usually about halfway of the pattern, or about at the support line. Depends on your risk-tolerance. But I can assure you that Mike will answer your question if it comes to even think about a StopLoss. Stay tuned and check the Chart frequently, annotations by Mike may occur if needed. Nice to have you on board here, GLTY!
ABT
Break 56 Target 60
not so much profit
my personal papertrade quiz:
what if...... i traded this:
abt break 56 target 60 fast mover
aks break 72,50 target 90
asia break 14 target 19 ... already running
eme break 28,50 target 32
qcom break 47 target 55
frdy running target 15
ful running target 32
hnz running target53
ts running target 66 fast mover
Entered DNR at 34,75. looking strong so far, but I expect retest of the breakoutline.RIO looking very strong, also VIP. Langlui, you have opened a very nice board, great idea your challenge. But it appears to be a so called premium board, so I can not post with my free account. Anyway, good luck with the board and DNR to all of us!
Have a great WE everyone!
Very nice ibox now, thank you JT!
Good luck my Friend!
-Pattern Test-i cant see it, Mike help please, -am I blind?
trying to figure it out, but must admit that I don't see nothing.....
Anybody?
NATI hit target, CTSH retesting the breakline nicely, all imo.
RIO breaking out now, 42$ as i type, great call Mike!!
RIO comfirmed its trendline break imo. If we take out yesterdays high of about 42, we are off to the races imo. Good luck to everyone!
Best wishes to you Mikeanthony, hope you are feeling better soon!
ENTU up 9%, thank you mike!!
Most of your calls in the ibox running like hell :))
This is real great, thanks again.....
Please welcome GoldenZ as new Assistant Moderator on the board!
Thank you were much for your help here!!
:))
i see..., you was yoking, hehe
anyway, thanks mikeanthony for teaching me how to post charts!!
-And right now we are on Breakout-Boards #14!!
I may repost mikeanthony for you here:
Posted by: mikeanthony
In reply to: mrbojangles2525 who wrote msg# 6675
Date:4/21/2008 4:02:51 PM
Post #of 6686
lol ill see if i can do a 30 sec video on it because of the html its hard to give directions on posting the chart. you might be able to figure it out with this. right click on your chart go to properties there you will see a URL highlight that and make sure you have all of it. then use the bracket around the word chart .. this braket [ lol and that one is for the beging of the url oh after you remove the http:// then for the ending you just add chart again with the little bracket things but the word chart needs to have a little forward slash on this one before it with in the brakets. There lol. see if it works. Hope that helps a little
You find the brakets with "ALT GR" + 8 or 9...
Good Luck, I learned it by this advise from mikeanthony....
realized some nice profit on VSEA, about 10% in one day, plan to reenter if it comes back. DSX looking nice now. Was stopped out with Rio, 3%loss. Entered ANN at the break. LRCX - i am holding for a week or so with some profit, but plan to exit if it consolidates...-I think i should be more patient----, but I will place Stop-Loss tight here.
STAR will be my next Stop-Buy at the break.
CHL China mobile looking good for me too....
- Bought Bulkowski's Book: Trading Classic Chart Patterns..., very nice recommendation!
Everyone have a nice weekend!
Weee :)) what a choppy day! I'm in LRCX, DSX, ANF (71), VSEA, CHL, all looking good so far. Not so shure about my RIO in the moment, hope that those 37,4 will hold.
P.S. thank you for the video update! Great Picks!
COSI Pattern by blue horse shoe....., nice...
Thanks Mikeanthony, have a great night, looking forward for your work on the ibox, - i go to sleep now, 23.20 h here in Germany. ....and I made some money :)
UAUA down 35%, OMCL down 30%, NFLX down 23%
Akam break 34 goto 44? Mikeanthony will tell us.... soon...
BQI hit my target at 4,98 - congrats Mikeanthony, great call!
Think about entering MMM or Rio now.Thank you Mikeanthony for your warm welcome here! GLTA!
Mikeanthony, thanks for all your work on this board! I have bookmarked you and your board some time ago, been lurking since that time. I realy like your way of trading the patterns, right now im trying it with your helpful ibox. I am in in LRCX, CHL, DSX, BQI, VSEA. Yesterday i made a bunch of money in one day with RACK, maybe I will reenter this play today. WOW! it works! very thankful that I found YOU! Please keep up your excellent work. Your Video-Blog also is very welcome and informative, this is GREAT!! And its free...., its so nice to have you here on ihub sharing your wisdom in stock-tradig.
All the best to you, "let's make some money"
Alibaba100 (from Germany)
TTM Tata break of 16.50- target 18 or 200ma....
klac and sndk--klac break 45.25 -target 55 short term,
sndk going 80 long term, - by mikeanthony....
Posted by: mikeanthony
In reply to: mrbojangles2525 who wrote msg# 6675
Date:4/21/2008 4:02:51 PM
Post #of 6686
lol ill see if i can do a 30 sec video on it because of the html its hard to give directions on posting the chart. you might be able to figure it out with this. right click on your chart go to properties there you will see a URL highlight that and make sure you have all of it. then use the bracket around the word chart .. this braket [ lol and that one is for the beging of the url oh after you remove the http:// then for the ending you just add chart again with the little bracket things but the word chart needs to have a little forward slash on this one before it with in the brakets. There lol. see if it works. Hope that helps a little
hcsg, cryo, ibm, frnt,
Shorted.....
ofix, rvbd 14%, mesa 10%, fhn 15%, kde 5%, crox 47%, zvue, vm 39%, ach, emkr 15%, frpt 16 %, bmi 10%, cknn, vcgh....look!, rmdx, affx 20%, cryo, ibm 120, frnt, hcsg,
CROX down 34%!!!!
Looking very nice, thank you!! TTM go weeee....! Great honour to have you here, JT!!!
Welcome JT_Options as new Moderator on this board! Very glad to have you here!!
RMBS watch rsi with bollie overlay....
Tata Motors of India keeps its growth plan on track
By Rajesh Mahapatra The Associated Press
MUMBAI, India — India's Tata Group (TTM) — the country's oldest and largest conglomerate — has become a powerhouse in the 21st century, focusing on core businesses such as steel and automobiles and seizing opportunities, including the hugely profitable outsourcing business, that came with India's dramatic economic transformation.
A slew of recent acquisitions, including for Britain's Tetley Tea and Boston's Ritz-Carlton Hotel, have thrust the Tata conglomerate — comprising 98 companies — into the global spotlight.
A year ago, Tata Steel became the world's sixth-biggest steelmaker when it bought Britain-based Corus Group for $13 billion. Then in January, Tata Motors grabbed the world's attention when it unveiled the planet's cheapest car: a $2,500 four-seater, the Nano, that could change the global auto industry.
The company has also been named the preferred bidder for Ford Motor's Jaguar and Land Rover businesses.
"We have been thinking bigger than we have done in the past," said Chairman Ratan Tata, 70, in an interview at Bombay House, the group's headquarters. "We have been bolder … and we have been more aggressive in the marketplace."
In five years through March 2007, annual group sales more than doubled to $29 billion, while market capitalization of its 27 listed companies increased six-fold, to $78 billion. The numbers do not include Corus, with sales totaling $19 billion in 2006.
While recent rapid earnings growth at Tata Steel and Tata Motors has slowed, net profit at Tata Consultancy, India's biggest outsourcing company, rose 21% in the October-December quarter.
The globalization strategy will only get bigger, said Tata. "We are at an early stage."
For decades after India's independence from Britain in 1947, the government fixed prices, imposed curbs on foreign goods and capital, brought draconian tax laws and set limits to what a company could produce. The restrictive regime stifled growth and bred corruption.
The Tata Group was hit harder than others because it strove to create a business culture that emphasized transparency and integrity. Tata executives are known for refusing to pay bribes, a widespread Indian practice, and their lifestyles are mostly modest.
When Ratan ascended to the top job in 1991, India's economy was starting to open up, but the Tata group was almost falling apart. Sales were sluggish, and government controls had limited new investments.
Ratan, a Cornell University graduate with a bachelor's degree in architecture, started cleaning house. He pushed out a generation of executives and jettisoned several peripheral businesses.
At Tata Steel, tens of thousands of jobs were cut. Tata Motors built the first fully Indian-designed car, the Indica — a roomy hatchback rolled out in 1998.
Tata Consultancy Services, meanwhile, hired thousands to become a global power in outsourcing, doing back-office work and software engineering for Western firms.
Just as the group's fortunes were reviving, the Indian economy hit a slump, a slowdown aggravated in 2002 by new tensions with Pakistan.
What followed was a massive push by Tata to acquire businesses abroad. Nearly 30 overseas buyouts have since helped the group's international revenues grow fourfold to $11 billion and contributed more than a third to its total sales last year.
Takeovers include the truck unit of South Korea's Daewoo Motors, Singapore's NatSteel and Thailand's Millennium Steel. The Indian giant is also snapping up mining rights in Africa and Asia.
For all that, Ratan Tata insists he hasn't traded off the group's long-cherished values.
No Tata family members are among the country's growing list of billionaires, because the family business is owned mostly by Tata-funded charitable trusts.
A substantial portion of the group's income is channeled into various philanthropies that have helped build some of the country's finest institutions, including India's first cancer hospital.
And Tata companies are also known for offering worker benefits that are rare in India, including pension and child care allowances. Tata Steel hasn't seen a strike in the past 50 years.
link to this story found here:http://www.usatoday.com/money/world/2008-02-24-tata_N.htm
On A Global Platform: Ratan Tata With His Dream Car
In Pics: Tata Nano I Beauty Specs I Industry Reactions
Congratulate Ratan Tata I How do you like Tata’s Nano
9th Auto Expo Flash I In Pics: Auto Expo 2008
Nearly 72 hours before the launch of his dream car, Tata Group chairman Ratan Tata spent 90 minutes with ET for a one-on-one on the making of the people's car. He shares the trials and tribulations he faced during the journey. Here is the full text of the interview.
Q: Are you nervous? Is this much bigger than the launch of Indica?
I think I was much more nervous during the launch of Indica because we had never been in car manufacturing before. We were venturing into a new segment. We are again venturing into a new segment but in a product line in which we have 10 years of experience now.
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At the time of the Indica launch, you did not know whether the market would accept you becoming a car manufacturer from a truck manufacturer.
We took some widely publicised goals at that time that we would be as big as the Ambassador, or we would have the same size of the Maruti or we would have a diesel engine. We made those statements. We didn't know those would be the kind of things the market would go for. So, I think at that time we were much more apprehensive and nervous than we are today.
Q: If one would really start at the very beginning, what really was the trigger for the idea?
Basically, just as an Indian, you know, I would be as concerned of my-self as one of the rickshaw pullers in Calcutta running with a rickshaw behind with two people sitting back. It bothered me. My mind will start thinking: Can we put a bicycle there? The same thing bothers me when I visit a plant also. The workers are bending over when the work piece should be raised or maybe they should sit in a pit or what-ever. Because I think human fatigue is something that affects safety.
So in this particular case, you could not help but notice that there were three or four family members on a scooter, the kid standing in the front, the guy driving the scooter and the wife sitting side saddle holding a little kid. And when you're driving a car, you certainly say, Oh my god, be careful, they may slip. Add to that slippery roads and night time too. Any of these reasons can be dangerous for transport. That does not mean that the scooter should not exist because scooters are an evolution of bicycles and it is all the path of prosperity.
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And this seemed like a dangerous form of transport. So, I, to be frank if I might go through the process, I asked myself, what if you put two wheels on the back that will give greater stability? If you build a bar over the top could you save the occupant? I will stop there and come back.
Last year, to my surprise I found that BMW had produced a scooter with the same bars that I had thought about with rubber bumpers on the side so that if they (the riders) fell they wouldn't hurt themselves and the seat there had a seatbelt. And I thought, that's exactly what I had thought about. The fact was that BMW had put this out though it was not successful and they had withdrawn it. But, someone else had also thought of the same thing. It had only two wheels not three.