Jpmorgan Indian Investment Share Discussion Threads

[vino] 19/9/2008 19:42

Could be only a bounce as may I remind you that elections early next year tend to go either way and with potential for another cobled government could see all gains wiped out

[hectorp] 19/9/2008 14:01

Up 10.5 percent now. Target 330-340 now by mid next week. Been buying since yesterday AM and doubled this AM.
Often better in this Fund than trading Banks etc.

[hectorp] 19/9/2008 08:08

Quietly rocketing.. seize the days.

[hectorp] 17/9/2008 10:06

Due a big trading bounce to at least 310.

[hectorp] 15/9/2008 20:03

We've had St Ledger day but there is serious weakness overall.IS it justified of this market? one global market it seems. I'd like to add but not now, maybe see 270's even.

[markth] 15/9/2008 08:10

Sorry I lied - just bought some more at 302.5

[markth] 03/9/2008 06:40

Been buying this on dips, averaged at about 320, can see more upside due to the traditional Autumn rally, not selling any time soon but not adding either.

[hosede] 19/8/2008 14:33

Used this peak to get out - it's all so volatile, could be India will drop a long way yet. Too big a drop to ride

[hectorp] 13/8/2008 11:57

So far so good. However I see resistance looming in the 340's.
Again, what the US does will have some effect on India - but not as much as on China.

[hectorp] 29/7/2008 15:55

looks a good trading play this PM, down 3p, Dow is up 134p.

[hectorp] 28/7/2008 17:00

Very volatile Fund pricing makes it a trading share.
Its resumed the downtrend today, and I sold in case the US tanks.

[hosede] 23/7/2008 18:18

it sure is a wild ride - more like a covered warrant than an investment trust

[hectorp] 23/7/2008 10:15

Good grief up 6% today..
why not go to retest resistance around 380p.. of course if the US rally stops,
we could reverse but for now its long.

[chc15] 23/7/2008 09:28

good upturn, were do we go from here then?

[hectorp] 19/7/2008 15:42

Goodness a turnaround, nearly hitting 300p as said above. Well done!

[hectorp] 17/7/2008 11:11

JII - underperforming the market today.

[binladin] 17/7/2008 08:57

There is more Gold in India then the TOTAL GLOBALLY.Indians Accumulate Gold like cash an average Indian would have 1kg of Gold.

[binladin] 17/7/2008 08:20

should hit 300p today.

[hectorp] 16/7/2008 21:02

Bought a load more, and FTSE longs, at 4pm this afternoon . :-)

[binladin] 16/7/2008 19:45

India should go up 5% tommrow

[hectorp] 11/7/2008 10:32

Greenpastures..
you describe a tired Western economy country, but India is a different entity as is China , russia etc.
I can't disprove what you say, nor will I attempt to, as we simply don't know the effect of inflation in India, which is the place of investment here.

It is true that food and essentials are a high portion of POOR earners' wages. However in India for example you used to have say 1-2 Million middle class earning say £8-10 K , 10 years ago. Now you have 15-30 Million such people earning at least £20-30K.
My key study was Indonesia - which now has millions of high earners.
These people support this growth story. They are not going to worry when a kilo of rice goes from 50p equiv to 90p. Meanwhile
The poor always 'get by' and still provide cheap labour.
India and China are no longer 'Emerging Markets' but something a fair bit closer to the Western models. Vietnam or Papua New Guinea could be called an emerging market.

[greenpastures] 10/7/2008 21:50

My worry is that we have gone from a decade or so of low inflation (the NICE decade) to one where increasing demand is putting pressure on commodities.

With central banks trying to reign in the inflationary effects profit margins have to give and as companies and people decrease their spending jobs will go.

The inflationary effects will also be greater in the poorer countries where people spend a high proportion of income on food and fuel. So I rather think emerging markets, except perhaps commodity producers, have had their day.

I also doubt house prices will rise in anticipation of the economy picking up. Rather the reverse, it is a lagging indicator- as jobs go house prices will tend to move down and not until companies are re-hiring and people feel financially secure will they take the plunge on large expenditures.

Just my view at the moment.

[carterit] 10/7/2008 11:55

Yes hopefully most the bad news is now priced in.India appears to have been hit amongst the hardest (along with the Hang Seng,and not as bad as the Chinese market).So the signs today are good.I see some of the American analysts reckon a lot of expected bad news for this quarter is alraedy priced in - and see any downside as being limited.

They also trotted out some stats from previous bear markets,in that in the vast majority of earlier ones,the S+P + DOW were up between 4% and about 15%,at 1,2,3,6,12 months AFTER the bear market started.

Another fund that i follow,and have been following down since about the 1.30 mark,is the BluePlanet Financials - Europe and WorldWide).

I see on their latest monthly report,they reckon the financials are about now as bad as they will be getting,and a good point to be getting in at - which is about the first time since early 2007,when Mr Murray first started indicating that theere were major problems with financials.

Sure hope he's right,as BLP/BPW have a lot of scope for mega increases,although due to their illiquidity they aren't really trading shares.

However,as much as you can look back for indications of what may happen in the future there is an awful lot scope for a decent return (and none of the banks in which they were invested had exposure to the sub prime mess).

Heres hoping anyway.

[hectorp] 10/7/2008 09:58

Since 1st July, this Fund has shrugged off falls in the US and FTSE very largely.
Last night Dow fell 240 points, today we are recovering JII is down only 3 pence here.
I propose it is certainly time to be going overweight.

Of course a us 'crash' or an attack on Iran would scupper the markets..
Are they likely in election year?