Jpmorgan Indian Investment Share Discussion Threads

[shavian] 05/3/2007 17:50

Still sitting on hands..if it's like May/June 06 this could go to 220, but I'd be tempted to come back in on any floor building in the meantime.

[shavian] 01/3/2007 09:31

Mangal. I agree with the analysts that further volatility would lead to a buying opp. Having ridden JIIW > JII up from nowhere 3 years ago I sold right down at an average of 310 a couple of weeks back as India was looking over-valued in relation to world markets. nearly went back in with some yesterday but decided to sit on hands for a while as there are bound to be after-shocks from the hedge funds, even if the China panic was a one-off.

[frank spencer] 27/2/2007 10:47

Budget in India tomorrow, and the market is on a precipice, exagerated by margin calls on the thousands of smaller punters that play the market on borrowed money.

Market needs to shake these people out before it advances again imo. Market has easily fallen through support line from last July, when it bottomed at 9000, and a fall to at least 12700 should be seen, possibly as early as this week.

imo.

[hosede] 27/2/2007 10:39

just at the moment it looks safer to be out than in

[freda] 27/2/2007 09:26

The chart is looking rather sick. It will be interesting to see if the support around 285-290 holds. If not then we have a large distance to fall IMO.

Long term, I see India as a buy. The demographics are certainly behind them.

[ipendlebury] 27/2/2007 08:20

Pinhead5: I said almost 12 months ago. I bought mine on 12th April at £3.05

[hosede] 26/2/2007 18:42

Pinhead
true, but nevertheless they are going to have a much better chance when the currency flow is with them rather than against.

[hosede] 26/2/2007 12:39

Chart definitely looking a bit "toppy" now (IMO - switched out of these into BGFD. At some point the Yen will have to rise and Japanese Investment Trusts (which have suffered in the last year thru the yen falling) will be big winners when that happens

[ipendlebury] 26/2/2007 12:16

I keep looking also to see what is going on. These are now back to the same price I bought them at almost 12 months ago. I'm worried about the short term prospects now.

[freda] 25/2/2007 08:14

Thanks for posting these Mangal. You may be posting to yourself, but others are looking! In my case, I am waiting to increase my investment in India.

[alf hartagain] 06/2/2007 21:02

LOL !

Short it boys if Frank is ramping it :-)

[frank spencer] 06/2/2007 20:51

A lot of Indian companies are starting to issue convertibles again, including the biggest one ever today, a $1bln issue by Reliance Communications. Previous surges of issuance have coincided with multi week market tops.

I believe India does a Japan of the 80s and goes way higher than anyone can imagine, but not in a straight line.

[greenpastures] 06/2/2007 20:28

Thanks Knowing and mangal- I will have a look at them later. I am wondering whether to switch from JII to Jai, that is from a country specific trust to a broader Asian one.

[knowing] 05/2/2007 22:02

Some data here GP

[mangal] 03/2/2007 09:19

trustnet.co.uk does it but I expect you know that one.