I thought that this is the best morning I ever had,
Thought that nothing in the world could make me sad.
But then I saw something that made my heart go rock hard,
There lying on my table was her wedding card.
My dream were shattered and by heart broken,
The thing lying there was just a token.
Soon she will be a bride and will be gone forever,
Will I be able to love someone so much, I think NEVER.
I picked up the broken pieces of my heart,
Thought this life, again ill have to start.
I vowed never to see her again,
The one who had given me so much pain.
The day moved on and also did I,
And again she way right in front of my eye.
And I went upto her and said…
I don’t know why the grass is green or the sky is blue,
But I just know one thing “I love you”……….
Thursday, March 13, 2008
Love at first sight
There I saw her sitting in the dark corner,
Wearing a pink skirt in the cruel summer.
Her hair jet black flowing in the breeze,
Seeing such a beauty brought me right to my knees.
I went to her and saw her from near,
At that moment I felt a new fear.
And I said
Let my heart go,
Let my life roll.
Love let my heart go,
Love let my life roll.
Hearing this she looked at me,
The look that she gave I thought that “How can it be?”
I stared into her eyes and it was crystal clear,
I knew that she also felt the same fear.
And she said
Let my heart go,
Let my life roll.
Love let my heart go,
Love let my life roll.
We drew closer and then we kissed,
And I felt that all these years this is all that I had missed.
We were so close that between us there was not even light,
Ill tell you all, this was definitely love at first sight.
Love at first sight.
Wearing a pink skirt in the cruel summer.
Her hair jet black flowing in the breeze,
Seeing such a beauty brought me right to my knees.
I went to her and saw her from near,
At that moment I felt a new fear.
And I said
Let my heart go,
Let my life roll.
Love let my heart go,
Love let my life roll.
Hearing this she looked at me,
The look that she gave I thought that “How can it be?”
I stared into her eyes and it was crystal clear,
I knew that she also felt the same fear.
And she said
Let my heart go,
Let my life roll.
Love let my heart go,
Love let my life roll.
We drew closer and then we kissed,
And I felt that all these years this is all that I had missed.
We were so close that between us there was not even light,
Ill tell you all, this was definitely love at first sight.
Love at first sight.
Tuesday, March 11, 2008
From Moneycontrol to money out of control !!!
People say that fortunes are made or lost in a matter of minutes at the stock market. But I got hands on experience only when I got into it myself.Since last few years I have been seeing a lot of my friends and colleagues investing in equities. I always longed to do the same but did not get into it coz of lack of knowledge and lack of capital (the no 1 reason).This all changed when I got a job at a big financial company a fewmonths back.Within a month my everyday jargon included words like “equities”,”derivative”, NAV etc etc. And soon I thought that I had gathered enoughknowledge (which no one can) and capital to finally take the plunge.I borrowed my brother’s trading account details and logged in. Now I hadthis list of millions of companies (at that time looking like millionsof opportunities) staring at me.I suddenly realized I had no idea where to invest. So I startedrecollecting all that I had read in the Economic times since the lastfew days. The paper was full of success stories and unlimited number ofopportunities for people. The market had been very bullish the previous yearand every few months the sensex had touched new heights.Then I recollected that someone had talked about the tremendous growthin the telecom sector. So I picked the best company that I could thinkof in that sector and invested a part of my capital there. For the rest of the day I was busy checking the rate of the script every few minutes. That is when I realized what my friends used to go through.They would bunk college, go and sit full time in front of theterminals of their respective brokers.It was nearing the end of the day and the market as always was goinggood. And I had made my first profit. I decided to sell my holdings thesame day and have a party with the money that I had earned. :-) Without
doing anything I had made a profit of 1% on my investment. I was alreadythinking myself to be the next Warren Buffet.
The very next day I came and called up a brokerage firm toapply for an online trading account for myself. I was all geared up totrade with a much bigger amount and many more scripts. I had not sleptthe previous night. I had scanned through each and every article onMoneycontrol and had made strategies for the next day.So with all the new ideas bubbling in my mind I went on a buying spree.I had a list of equities and a list of acceptable prices that I wantedto buy at. After an hour my portfolio was looking strong and diverseafter having bought equities in really strong sectors.When I was completely satisfied with my portfolio I got back to my office workbut was also checking the rates every 5 min. By lunch time all my stocks were tradingin green and I was well on my way of making a small fortune. I hadalready started planning about what I would do with all that extramoney. I could now finally afford a PS3.In the mid afternoon I went into an hour long meeting. When I came backand checked again the market had moved down a bit but my stocks werestill running strong. I ended the day with a big smile and biggerambitions for the next week. But I should have seen the sign.
Then came the weekend. And what did I do the whole weekend? Yes youguessed it right. I was totally immersed in the magical world of stocks.The only webpage open on my laptop was that of Moneycontrol. I wasupdating my portfolio, counting my profits and reading innumerous tips by different “Market Gurus”.
I was desperately waiting for Monday, desperate to get back to looking at stocks, watching CNBC in the breakout room in my office and discussing stocks with my friends. And I thought I could never get addicted to one thing.
Finally it was Monday. I decided to go late for work. Wanted to hang around and catch the Opening bell on CNCB. Market looked good as it had recovered from Friday’s late selling. I was happy and world was one big heaven. It took me 2 hrs to reach the office that day. Double the amount of time it usually takes. Were all those people like me? Were they staying back just to watch the market open? Nah… It could also have been the Monday morning blues.
On my way to the office I started reading the news paper. There was some news about the Friday fall, attributing it to the sub prime crisis in US affecting other markets of the world. But I ignored it as the day had started well and I had heard about the Indian economy being quite decoupled from the US crisis. Well one big lesson here. The Indian market does not run on fundamentals. It is totally run by the sentiments. I was about to learn this in a few minutes.
Finally I reached the office and was inching to log on. The moment I reached my seat, all I could see were grim faces of my colleagues. Had someone just died?? Nah…….
I rushed to the breakout room for a cup of coffee and to check the market conditions. That is when reality hit me. The market was down 400 pts. Just a couple of hours back it was trading up 150 points. That is a loss of 550 just in 2 hrs. The Manic Monday that had happened just a few years back had seen a fall of around 800 pts in the whole day. Was this fall going to beat that record? I was not sure. For the 1st time in my small career as a trader I was scared.
I rushed back to my seat, logged on to check the prices of my stocks. They had fallen badly. They were already trading below their purchase price. So there went my chance for booking profit. I was mad at myself for being such a big fool. Only if I had waited a few more minutes at home I would have seen this coming. But then if everyone knew where the market goes, everyone would be a millionaire.
I tried to distract myself with office work. Can u believe it I was using work that actually pays me to distract myself. But every 2 min I was checking the prices and every 10 min I would run to catch up on the news. Over one of those breaks someone on TV started giving reasons for the fall. And again it was attributed to the crisis in US. It had hit the Asian economies hard. But India was worse. After a few hours the news came in that the big FII’s were not the ones to start the fall. It was probably the retail investors like you and me. As they say great minds think alike. How many great minds do we have in India? Seeing the panic selling and the liquidity crunch the FII’s had also jumped the bandwagon and were making things worse. It was like one “Vicious circle”. Funny though I had always read in school about this word, had used it in sentences but had never ever experienced it. Well there is always a first time. And I was hoping it would be my last.
That day I was totally lost. I was just sitting and counting my losses. My portfolio had already gone down by 30 %. The day ended with the markets finally closing 600 points below. It could have been worse, but for buying happening in the last 15 min of trade. As soon as the markets ended, we were all back in the breakout room having coffee and hearing the so called “Experts” giving their gyan. For the first time I saw a room full of people(right from us to our bosses to their bosses, so on and so forth) with their eyes focused on the TV and discussing the same topic. And it was not about cricket.
I left office early as I was in no mood to work. Went home and started my analysis again. Everywhere I could only see and hear about the US crisis and the panic selling. Some people were hopeful that sanity would return next day. Then there were some who said that the fate of the market the next day would depend on the other major markets. Just before sleeping I check a few of the other markets. Dow Jones Down, NYSE down, London Stock Exchange Down, Tokyo Down, Singapore Down. DOWN!!!!!!!!!
Next day I did just the opposite. I was up early, got ready and rushed to the office. Had a lot of pending work. I somehow managed to complete it just before the Opening bell. I had also gone through the papers in the morning and people were just as confused as I was. The market opened 10 pts up. Now that was a positive sign. If it was it did not last long. Within a matter of few minutes the down trend had started and I could see the worm nose diving straight down. Within 5 minutes the market had fallen by 5 % that is approximately 1000 pts. DOWN DOWN DOWN… BOOM !!!!!!
Within 5 minutes of the opening bell the trading had stopped. Sensex had hit the lower circuit. I could clearly see the next day headlines. “Mover over Manic Monday, Terrible Tuesday has arrived !!!”.
I could not believe what I was seeing. People were completely still, as if dead. Well so was I. At that moment I realized that all was lost. I could now confidently say bye bye to my PS3, my portfolio expansion plans, and even my initial investment. I had not even told dad about it yet. At that moment the words of Russell Peters came to my thoughts “Somebody gonna get a hurt real bad”. Actually it had already started hurting.
After a few glances here and there and seeing a few moist eyes, I could not stand there any longer. I returned to my seat. I did not know what to do. Well actually when the market is frozen there is nothing much that you can do.
I logged on to the site that had been my friend since the last few days. Even Moneycontrol had turned away from me. Everywhere there were cries of Sell and stories of the biggest losers. I somehow gathered the courage to check my portfolio. Damm I said to myself. My portfolio was down to 20% of it’s original value. It was as if all the biggest losers (stocks) were staring right back at my face. All I could see were the red numbers and the negative sign.
That is when I realized fortunes can be made or lost in just a matter of minutes.
It has been almost 2 months since Terrible Tuesday, but I am still feeling the after effects.
Although the condition has improved a bit, it is gonna take a long long time for me to break even.
With all the rumors of the recession growing and millions of dollars being lost by banks as write off’s I am not very hopeful about gaining my investment back soon. On the brighter side, this little episode has taught me to be a bit patient and always hope for the best and never give up.
Now I hardly check the stock prices.I only logon to Moneycontrol to check how much of my losses have been wiped off or compiled during that day.
Even if I want to there is nothing much that I can do as the money now is not under my control.
So this is my small story from Moneycontrol to money out of control.
doing anything I had made a profit of 1% on my investment. I was alreadythinking myself to be the next Warren Buffet.
The very next day I came and called up a brokerage firm toapply for an online trading account for myself. I was all geared up totrade with a much bigger amount and many more scripts. I had not sleptthe previous night. I had scanned through each and every article onMoneycontrol and had made strategies for the next day.So with all the new ideas bubbling in my mind I went on a buying spree.I had a list of equities and a list of acceptable prices that I wantedto buy at. After an hour my portfolio was looking strong and diverseafter having bought equities in really strong sectors.When I was completely satisfied with my portfolio I got back to my office workbut was also checking the rates every 5 min. By lunch time all my stocks were tradingin green and I was well on my way of making a small fortune. I hadalready started planning about what I would do with all that extramoney. I could now finally afford a PS3.In the mid afternoon I went into an hour long meeting. When I came backand checked again the market had moved down a bit but my stocks werestill running strong. I ended the day with a big smile and biggerambitions for the next week. But I should have seen the sign.
Then came the weekend. And what did I do the whole weekend? Yes youguessed it right. I was totally immersed in the magical world of stocks.The only webpage open on my laptop was that of Moneycontrol. I wasupdating my portfolio, counting my profits and reading innumerous tips by different “Market Gurus”.
I was desperately waiting for Monday, desperate to get back to looking at stocks, watching CNBC in the breakout room in my office and discussing stocks with my friends. And I thought I could never get addicted to one thing.
Finally it was Monday. I decided to go late for work. Wanted to hang around and catch the Opening bell on CNCB. Market looked good as it had recovered from Friday’s late selling. I was happy and world was one big heaven. It took me 2 hrs to reach the office that day. Double the amount of time it usually takes. Were all those people like me? Were they staying back just to watch the market open? Nah… It could also have been the Monday morning blues.
On my way to the office I started reading the news paper. There was some news about the Friday fall, attributing it to the sub prime crisis in US affecting other markets of the world. But I ignored it as the day had started well and I had heard about the Indian economy being quite decoupled from the US crisis. Well one big lesson here. The Indian market does not run on fundamentals. It is totally run by the sentiments. I was about to learn this in a few minutes.
Finally I reached the office and was inching to log on. The moment I reached my seat, all I could see were grim faces of my colleagues. Had someone just died?? Nah…….
I rushed to the breakout room for a cup of coffee and to check the market conditions. That is when reality hit me. The market was down 400 pts. Just a couple of hours back it was trading up 150 points. That is a loss of 550 just in 2 hrs. The Manic Monday that had happened just a few years back had seen a fall of around 800 pts in the whole day. Was this fall going to beat that record? I was not sure. For the 1st time in my small career as a trader I was scared.
I rushed back to my seat, logged on to check the prices of my stocks. They had fallen badly. They were already trading below their purchase price. So there went my chance for booking profit. I was mad at myself for being such a big fool. Only if I had waited a few more minutes at home I would have seen this coming. But then if everyone knew where the market goes, everyone would be a millionaire.
I tried to distract myself with office work. Can u believe it I was using work that actually pays me to distract myself. But every 2 min I was checking the prices and every 10 min I would run to catch up on the news. Over one of those breaks someone on TV started giving reasons for the fall. And again it was attributed to the crisis in US. It had hit the Asian economies hard. But India was worse. After a few hours the news came in that the big FII’s were not the ones to start the fall. It was probably the retail investors like you and me. As they say great minds think alike. How many great minds do we have in India? Seeing the panic selling and the liquidity crunch the FII’s had also jumped the bandwagon and were making things worse. It was like one “Vicious circle”. Funny though I had always read in school about this word, had used it in sentences but had never ever experienced it. Well there is always a first time. And I was hoping it would be my last.
That day I was totally lost. I was just sitting and counting my losses. My portfolio had already gone down by 30 %. The day ended with the markets finally closing 600 points below. It could have been worse, but for buying happening in the last 15 min of trade. As soon as the markets ended, we were all back in the breakout room having coffee and hearing the so called “Experts” giving their gyan. For the first time I saw a room full of people(right from us to our bosses to their bosses, so on and so forth) with their eyes focused on the TV and discussing the same topic. And it was not about cricket.
I left office early as I was in no mood to work. Went home and started my analysis again. Everywhere I could only see and hear about the US crisis and the panic selling. Some people were hopeful that sanity would return next day. Then there were some who said that the fate of the market the next day would depend on the other major markets. Just before sleeping I check a few of the other markets. Dow Jones Down, NYSE down, London Stock Exchange Down, Tokyo Down, Singapore Down. DOWN!!!!!!!!!
Next day I did just the opposite. I was up early, got ready and rushed to the office. Had a lot of pending work. I somehow managed to complete it just before the Opening bell. I had also gone through the papers in the morning and people were just as confused as I was. The market opened 10 pts up. Now that was a positive sign. If it was it did not last long. Within a matter of few minutes the down trend had started and I could see the worm nose diving straight down. Within 5 minutes the market had fallen by 5 % that is approximately 1000 pts. DOWN DOWN DOWN… BOOM !!!!!!
Within 5 minutes of the opening bell the trading had stopped. Sensex had hit the lower circuit. I could clearly see the next day headlines. “Mover over Manic Monday, Terrible Tuesday has arrived !!!”.
I could not believe what I was seeing. People were completely still, as if dead. Well so was I. At that moment I realized that all was lost. I could now confidently say bye bye to my PS3, my portfolio expansion plans, and even my initial investment. I had not even told dad about it yet. At that moment the words of Russell Peters came to my thoughts “Somebody gonna get a hurt real bad”. Actually it had already started hurting.
After a few glances here and there and seeing a few moist eyes, I could not stand there any longer. I returned to my seat. I did not know what to do. Well actually when the market is frozen there is nothing much that you can do.
I logged on to the site that had been my friend since the last few days. Even Moneycontrol had turned away from me. Everywhere there were cries of Sell and stories of the biggest losers. I somehow gathered the courage to check my portfolio. Damm I said to myself. My portfolio was down to 20% of it’s original value. It was as if all the biggest losers (stocks) were staring right back at my face. All I could see were the red numbers and the negative sign.
That is when I realized fortunes can be made or lost in just a matter of minutes.
It has been almost 2 months since Terrible Tuesday, but I am still feeling the after effects.
Although the condition has improved a bit, it is gonna take a long long time for me to break even.
With all the rumors of the recession growing and millions of dollars being lost by banks as write off’s I am not very hopeful about gaining my investment back soon. On the brighter side, this little episode has taught me to be a bit patient and always hope for the best and never give up.
Now I hardly check the stock prices.I only logon to Moneycontrol to check how much of my losses have been wiped off or compiled during that day.
Even if I want to there is nothing much that I can do as the money now is not under my control.
So this is my small story from Moneycontrol to money out of control.
Sunday, March 9, 2008
Getting Started
Hi
Well I have been planning to start blogging since a year now and every time I had the time to write, the thoughts eluded me.
Well guess what, I am in the same condition even now. But none the less I have taken a baby step towards it.
So here’s telling myself all the best and keep blogging.
Well I have been planning to start blogging since a year now and every time I had the time to write, the thoughts eluded me.
Well guess what, I am in the same condition even now. But none the less I have taken a baby step towards it.
So here’s telling myself all the best and keep blogging.
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