The Stock Market thread

[TheGothamChampion]

26 minutes ago, sumanth said:

So who all added Deepak nitrate ? 

Gtt got triggered at 2225 level. 

[Bird Bird Bird]

 

 

 

[Big Boss]

Ya i jumped on this knowing people will buy it thinking it's price has reduced. Got a bunch at 922 and now it's 967

[Bird Bird Bird]

40 minutes ago, KunjanPSD said:

Added right on LC

 

Great buy. LC was bang on Ichi support. 

[Bird Bird Bird]

Remember to pay your taxes, people. 

 

Meanwhile https://www.vanityfair.com/news/2021/10/elon-musk-billionaires-tax

 

He's worth nearly 300 billion USD. Paid zero taxes. Threw a hissy fit when asked to pay. 

 

 

[KunjanPSD]

4 minutes ago, Bird Bird Bird said:

Remember to pay your taxes, people. 

 

Meanwhile https://www.vanityfair.com/news/2021/10/elon-musk-billionaires-tax

 

He's worth nearly 300 billion USD. Paid zero taxes. Threw a hissy fit when asked to pay. 

 

 

Most of his net worth is in equity.

Taxing unrealised gains is idiotic.

By that way, will the govt. provide refunds for unrealised losses?

[Bird Bird Bird]

2 minutes ago, KunjanPSD said:

Most of his net worth is in equity.

Taxing unrealised gains is idiotic.

By that way, will the govt. provide refunds for unrealised losses?

 

Check the article. He claimed income as 1 dollar. Bought everything else on single digit loans approved by board. Typical evasion by almost all billionaires (Bezos etc). 

[KunjanPSD]

4 minutes ago, Bird Bird Bird said:

 

Check the article. He claimed income as 1 dollar. Bought everything else on single digit loans approved by board. Typical evasion by almost all billionaires (Bezos etc). 

I have checked it.

But isn't that something which everyone of us would do? If hypothetically we were in the same position.

The plan they are currently formulating is very crude and rushed. 

Congress wants a part of unrealised gains but doesn't want to balance out with the unrealised losses. 

 

Even business owners in India do this. Nothing different except the scale.

 

Instead of just increasing the taxes on the B group, why not also decrease the taxes on the salaried group?

 

This is not about paying your fair share. This about increasing the reserves.

I don't see any advantages trickling down to the normal people.

[KunjanPSD]

Ingrevia just keeps dropping.

Such a delightful opportunity.

The position is in red but the opportunity to load up this year is green.

[sumanth]

49 minutes ago, KunjanPSD said:

Added right on LC

 

27 minutes ago, TheGothamChampion said:

Gtt got triggered at 2225 level. 

Damn, that’s a good price I got mine at 2250. 

[sumanth]

12 minutes ago, KunjanPSD said:

Ingrevia just keeps dropping.

Such a delightful opportunity.

The position is in red but the opportunity to load up this year is green.

Someone give me money 

[Bird Bird Bird]

53 minutes ago, KunjanPSD said:

I have checked it.

But isn't that something which everyone of us would do? If hypothetically we were in the same position.

The plan they are currently formulating is very crude and rushed. 

Congress wants a part of unrealised gains but doesn't want to balance out with the unrealised losses. 

 

Even business owners in India do this. Nothing different except the scale.

 

Instead of just increasing the taxes on the B group, why not also decrease the taxes on the salaried group?

 

This is not about paying your fair share. This about increasing the reserves.

I don't see any advantages trickling down to the normal people.

 

I hope you do understand the huge income disparity between rich and poor ? Specially between such mega billionaires and average people. 

Go through how the disparity has risen through the years - applicable to most capitalistic countries. 

Also have a look at how big European countries like Germany manage it. 

The way forward is always a mix of socialism and capitalism. Neither alone can survive for a long time. 

The govt also needs money. While i would love to see lower taxes for average Joe, billionaires exploiting loopholes to pay zero taxes is just extremely shitty and scummy. 

If a regular person tries this, they will spend most of their life in jail. 

[Big Boss]

Wtf IRCTC keeps falling down

[KunjanPSD]

26 minutes ago, Bird Bird Bird said:

 

I hope you do understand the huge income disparity between rich and poor ? Specially between such mega billionaires and average people. 

Go through how the disparity has risen through the years - applicable to most capitalistic countries. 

Also have a look at how big European countries like Germany manage it. 

The way forward is always a mix of socialism and capitalism. Neither alone can survive for a long time. 

The govt also needs money. While i would love to see lower taxes for average Joe, billionaires exploiting loopholes to pay zero taxes is just extremely shitty and scummy. 

If a regular person tries this, they will spend most of their life in jail. 

I understand the income disparity.

Have been closely following such macroeconomic issues and the plight of the poor is not really due the rich becoming richer.

It is certainly a contributing factor but not even near to the point that bringing in these measures will solve something.

And this will just be the beginning, you will see this law trickling down to the millionaires and then those who earn 6 figures.

It's just a way to normalise taxing assets.

It's been an age long trick.

 

I am aware of how the Europe & Germany works but their solution is far more sophisticated than a blanket tax on holdings.

 

Regular day Joe can't exploit this, agreed but they aren't getting benefited by Billionaire tax.

Ex: None of this money will go towards Healthcare in the US.

 

Congress will pass out laws like restraining Congressmen from holding assets but they will just circumvent it by starting a capital fund (Pelosi). Everyone is just looking out for their pocket, nothing else.

 

You can go through some of the more details below:

 

https://youtu.be/lQddA58hZdQ

 

 

[Bird Bird Bird]

5 minutes ago, KunjanPSD said:

You can go through some of the more details below:

 

https://youtu.be/lQddA58hZdQ

 

Prof Damodaran. Nice. Will watch. 

[rushab oswal]

3 hours ago, sumanth said:

Someone give me money 

Agle salary se lena market isnt looking strong anyway. 
bc mujhe laga reverse hoga toh kuch liye maine, reverse hua aur waps ulta reverse bhi hua ???

2 hours ago, Big Boss said:

Wtf IRCTC keeps falling down

 

Reason why i never buy PSU stocks no matter the monopoly. Market knew this beforehand.

[KunjanPSD]

Expected results from Laurus.

Although quarterly revenue lower than what I expected, there is almost 200crs of inventory on BS though.

I am expecting a further fall. Tough times for my PF.

[Bird Bird Bird]

44 minutes ago, rushaboswal said:

Agle salary se lena market isnt looking strong anyway. 
bc mujhe laga reverse hoga toh kuch liye maine, reverse hua aur waps ulta reverse bhi hua ???

 

Reason why i never buy PSU stocks no matter the monopoly. Market knew this beforehand.

 

IRCTC ke to laude lag gaye. 

[Bird Bird Bird]

51 minutes ago, KunjanPSD said:

Expected results from Laurus.

Although quarterly revenue lower than what I expected, there is almost 200crs of inventory on BS though.

I am expecting a further fall. Tough times for my PF.

 

 

Played out better than expected. 

 

There was a double top in early Oct too. Should have sold and re-entered at lower levels. 

 

It is sitting on 200EMA line for a few days now. I see some support at 500 levels, but beyond that, nothing till 350-ish. Scary. 

[rushab oswal]

54 minutes ago, KunjanPSD said:

Expected results from Laurus.

Although quarterly revenue lower than what I expected, there is almost 200crs of inventory on BS though.

I am expecting a further fall. Tough times for my PF.

Bhai you are 70% net profit kuch tough times nae he , hamare jaise 10-20% walonka soch kitna tough times he 

 

16 minutes ago, Bird Bird Bird said:

 

IRCTC ke to laude lag gaye. 

I have said multiple times , dont bet on PSU . There are so many other stocks why bother with such stocks?
MoNoPoLy business jayega ab tel lene