Wanna Scribble something

virtual farming FarmVille

2009-11-22T22:08:00.000-08:00

FarmVille is a real-time farm simulation game developed by Zynga, available as an application on the social networking website Facebook. The game allows members of Facebook to manage a virtual farm by planting, growing and harvesting virtual crops, trees, and livestock.[2] Since its launch in June 2009,[3] FarmVille has become the most popular game application on Facebook with 63.7 million active users on November 9th, 2009.[4] FarmVille started as a duplicate of the popular Farm Town on Facebook.[5]

Tata Nano Vs Tara's Tiny

2009-03-14T12:18:00.000-07:00

Tata's world cheapest car(nano) may face competion from Tara's Tiny.
Tata is targetting the price at 100000 rupees( 2500$) where as Tara's Tiny targetting at 99999 rupees.
The nano is built in India with a main focus on price.
But Tiny is imported by Tara.
Tiny is chinese product and the quality of the car is yet to be known...
more news is welcome....

Time to Invest in India

2009-03-14T04:55:00.000-07:00

Sensex to reach 100,000 within 15 years!!

Mark Galasiewski, Asian-Pacific Fin Forecast at Elliott Wave International, sees Sensex at 100,000 within 15 years based on technicals and current patterns. He is of the view that October 2008 lows have already been breached by most markets but India did not, which is very significant. "From the pattern perspective, there was only a three wave decline down to the October lows and most of the other major world markets made what we would call a fifth wave or final wave down in this leg of their bear markets, but India is special because it has only three waves down."

Elliot's forecast for India is based on the particular Indian Ocean Group, these are the markets from Pakistan, down to Indonesia, that are connected to the Indian ocean. This is very distinct from the rest of East Asia for example and very distinct from Europe and the US.
Eliott's forecasting larger bear markets for the next few to several years in the US, Europe, Japan and even china. India and the subcontinent in particular is special
Though eliott's forecasting about sensex is heartwarming, the financial crisis is still heart burning.
Time to invest in India??? more questions than answers........

Geocaching

2008-12-01T11:35:00.000-08:00

Today I was introduced to a new hobby/game by my colleagues. Its called Geocaching. Its a high tech treasure hunting type of game. Apparently its played all over the world, or at least in the developed countries. It was fun to play this game. We took note of some geo coordinates and clues from the site www.geocaching.com, a GPS unit that shows geo coordinates, a camera and a paper and a pen and we headed out to find the cache.
The first one had a clue of "Fishy". We know about a pond near our office building. So we headed down there while checking the GPS to be sure that we were going in the right direction. We were right, the coordinates were near the pond. When we arrived near the coordinates, all we saw was a tree. What could be hidden there? We had 3 people in our group and we started looking around. After searching for about 5 minutes, we found a camaflogue bottle hidden in the branches of the tree. When we opened it, we found the cache !! We registered our visit in a paper in the cache and took pictures and kept it back at the same place !! Even though it was a worthless treasure, it was really fun to find it !! I'm into geocaching now !!

Deflation in Global Economy

2008-11-01T22:13:00.000-07:00

With credit crunch hard hitting the entire world, there is a growing euphoria that this would lead to deflation in Global Economy(positive if it's for short period.)
This has already lead to slashes in crude oil prices.
This has also spawn fears that the fast developing economies (China and India) which expanded their capacities may dump their commodities in Developed nations to keep running the factories and stave off employees.
This would turn out to be positive for these economies unless the developed nations come out of recession before christmas.
If the deflation continues after christmas, the fast developing economies may shed work force, slash wages and more lay offs.
This would also have impact on politics with people turning towards carl marx......

Hope this christmas brings back hope and cheers...
- Nhanna

Should Dhoni be fired?

2008-10-26T08:51:00.000-07:00

With the 3rd test match between India and Australia just ahead, media is buzzing over Kumble's retirement, or, should I say Indian media's favorite mantra "don't look at the senior players' past records, fire them if they don't perform in a match or two". Well, I myself am not a big supporter of looking at players' past records alone in selecting them for upcoming matches. But that doesn't mean, you should start talking about their forced retirement if they don't perform in a match or two.

Sure, we need to give opportunities for young players. A 35+ years old player may bowl well or bat well, but when it comes to fielding, it's hard for them to be as active as youngsters (there are some exceptions like Jayasurya).

My point is, the senior players should look at their own abilities and retire while giving way to youngsters. Nobody should force them out. Look at Kumble's past records, he has taken lot of wickets, and most of them were match-winning-wickets. He is a great player. He should be given a graceful retirement. This is applicable to all seniors like Sachin, Dravid, Laxman & Ganguly.

Dhoni is a great captain and player. But what happens if he fails in a couple of matches. Will he be fired or will the media demand that he be fired?

Let's give our seniors a graceful farewell.

India's moon mission - Chandrayaan-I

2008-10-23T11:25:00.000-07:00

Woo Hoo !! This is my first entry on this blog !!

India launched their first unmanned space craft (Chandrayaan-I) to moon on 22 Oct 2008. It's an historic feat for them. But there are lot of critics who oppose this project. Critics in India argue that the money that was spent on this mission, $80 million, could well be spent on other projects to eradicate poverty. I'm not going to argue over that. That's a different discussion in itself.

This morning, my colleagues in the US were criticizing about this mission. I'm going to talk about them. They were saying that "India is a country where cows and stray dogs roam around the streets. Monkeys snatch food from humans. Communal clashes are part of their life. It's a big joke that they are launching a space craft to moon. What are they going to achieve by doing this?"

I wanted to say "Dude, there could be so many reasons that India might be doing this. There is no clear cut map of moon available now; there is a theory that Helium-3 is avaialble in abundance there - if so, is it possible to make use of it for the human race in earth, etc. This is not a project that the whole world mourns about; this is something even NASA wants to do - in fact, they have sent 2 of their own payloads along with India's 5 payloads and European Unions 3 payloads. Also, when US entered the space race 50 years ago, the main purpose was to beat Russia. I'm sure there were lot of problems back then which they could have solved instead entering space race. Moreoever, this is not a space race." Well, I didn't say this on his face.

But, just because someone is poor, we cannot deny his dreams or his ambitions. Who knows one day India might be a super power just like US !!

Under arm Cricket

2008-10-18T15:17:00.000-07:00

Though it has lot of fun playing underarm, it is not legal. It's the most disgraceful moment in cricket.

Most disgraceful moment in cricket - Aus Vs NZ

Indian Banks hit by credit crunch

2008-09-18T00:48:00.000-07:00

Is Indian banks too hit by credit crunch? Latest in the news is ICICI....

MUMBAI (Reuters) - ICICI Bank, India's second largest bank, had an exposure to foreign markets equal to about 4 percent of its total balance sheet, and it had the capability to handle market movements, a top official said.

The bank can still post healthy profits and maintain healthy capital adequacy, joint managing director Chanda Kochhar said on television news channel NDTV Profit on Thursday.

"The size of the exposure is very, very small related to the size of our balance sheet," she said, later adding there were no medium or long-term worries about solvency.

She said the bank's overseas units had exposure to foreign markets and its Indian operations were insulated.

The bank said, which total consolidated assets worth $103 billion, on Tuesday said it held 57 million euros ($81 million) of senior bonds issued by Lehman Brothers, and would increase its provision on the debt by about $28 million to cover half of that exposure.

Brokerage Edelweiss Capital said it expected ICICI to post about $200 million in losses on bonds, including debt issued by Lehman.

$65 oil is coming - maybe (comment on this story)

2008-09-13T00:46:00.000-07:00

I read this article 3 weeks back and at that time the oil price was at 115$ and now it's 100$.Here is the excerpt of the article:
----

A top analyst expects crude prices to start plummeting. If you don't believe it, you're not the only one, and a few stocks look good if you're in the skeptics' camp

If you're frustrated over the high cost of gasoline at the pump, don't trade in your Hummer for a Vespa just yet: A leading energy analyst is telling clients these days to prepare for crude oil to retreat back below $65 per barrel over the next three years.

How could it happen? He says conservation, new drilling, efficient new vehicles, alternative energy sources, a rising U.S. dollar and a global recession will combine to blast prices back to the Stone Age -- or at least to last year's levels.

"The match has struck, the fuse has been lit, and four or five years from now OPEC producers are going to be drinking their own oil and choking on it," says Tony Kolton, the founder and president of Logical Information Machines, a provider of research to most of the world's major energy-trading companies for two decades.

Plenty of smart analysts disagree with this point of view, figuring that emerging-market demand will pump up fossil-fuel prices and that North Americans will blithely forget all about conservation if gasoline prices trend lower. But since Kolton's view is deeply out of consensus and at least minimally plausible, it does deserve our attention.

Kolton, a specialist in the history, composition and psychology of the energy market, believes that speculators were without question behind the run-up of prices to $147 per barrel in July and that government threats to expose and punish their behaviour spooked them out of their positions in a hurry.

He says his data on open interest of non-commercial positions in crude trading, as well as conversations with professional traders at big oil companies, clearly show that speculators, and not rising demand from Asia, pushed the market to extremes.

In contrast to people who say the oil market is too big to be pushed around by hedge funds, Kolton counters that in fact it is much smaller than the bond, currency or equity markets. The oil market "can be easily manipulated," he says.

The reason for the misconception is that while the market is large in dollar terms, most of the oil companies' hedging positions are pointed the same direction and set for months at a time. So marginal new positions that point the opposite way can have an outsize impact, much like a 5-foot rudder can change the direction of a 500-foot ship.

"I would ask all the fundamental guys why oil was $147 a month ago and $114 today," Kolton says. "Their opinion that crude moves purely on real demand is BS. When the fast money comes out, there's a giant sucking sound."

The swift exit of the fast-money crowd has pushed oil back down to its March level, around $110. Kolton's research on seasonality and demand suggests oil prices will rebound back to the $125 area and then resume their crash. The $100 level will be hard to crack, but he expects energy bears to prevail over bulls within six months and launch crude on a journey below $65.

"You had a perfect storm of pre-Olympics demand in China, a plunging (U.S.) dollar, speculation, cold weather and fear of supply disruptions in Nigeria and Iran pushing it up, and now they've all swung around on a dime," Kolton says, observing that U.S. recession and conservation are gutting demand, Iran is at the negotiating table, the U.S. dollar is soaring against the euro in reaction to the worsening European economy, and the summer has proved milder than normal, sapping the use of air conditioning thoughout North America.

"People who don't trade the futures markets don't realize that this is typical for commodities, which always trade on emotion. Look at silver in the late 1970s, which went from $4 to $50 and back to $4 in two years," Kolton says.

What about all that talk of how supply is running out? Well, it's funny: The spike to $147 seems to have really got people thinking about scarcity, and they've started making plans that could be very long-lasting.

It's sort of like the day a person realizes it's time to stop smoking -- a light-bulb moment of alertness to a long-simmering crisis. Oil bears now think the $147 level was a slap in the face that made major corporate users consider changing their behaviour in persistent and fundamental ways.

Auto companies became focused on creating smaller hybrid cars; individuals are discovering the joys of public transportation, car pools and bicycles; churches are lecturing on the need to turn out the lights in vacant rooms; and American presidential candidates are debating the merits of inflating tires. And perhaps most importantly, going green appears to have emerged from fad to lifestyle as the cool dads now drive Mini Coopers instead of gas-guzzling Suburbans to their kids' soccer practices.

Big private-equity and venture-capital funds, and industrial titans such as General Electric (GE.N), are throwing billions of dollars into creating better batteries, advanced materials and vehicles that run on plug-in electric power and plentiful U.S. natural gas. Meanwhile, oil giants from Brazil to Beijing are exploring for new oil and finding it offshore a lot more easily than expected, with payoffs to come a lot sooner than most skeptics now believe possible.

All of this is coming at a time when a credit drought has seriously impaired economic growth and blunted employment levels in developed nations in Europe and the Americas, and threatens to spread to Australia and much of Asia. When people are commuting and consuming less, and when companies are making less, they collectively use less energy. The U.S. Energy Information Administration reported Tuesday that oil demand during the first half of 2008 fell by an average 800,000 barrels per day compared with the same period a year ago -- the biggest volume decline in 26 years.

Of course, we should probably be careful about what we wish for. While stock prices have risen smartly as energy prices have cracked in the past month, stocks are likely to fall steeply along with oil prices if a global recession is the major driver behind demand destruction. Just in case you're wondering, Kolton's historical and economic research and his gut instincts as a veteran trader lead him to think that the Dow Jones Industrial Average ($US:INDU) will sink to the 9,500 level next year -- retracing the 2003-07 bull market -- before the bear has had its fill.

Opposing point of view? Yeah, I've got that. David Anderson, an energy portfolio manager at Palo Alto Investors, who has been my go-to guy for years on the subject, thinks the idea of crude oil falling below $65 per barrel is ludicrous. And, frankly, he says he doesn't even care when it comes to his energy-industry positions.

"We never base our view on energy-industry stocks on the direction of oil prices," he says. "We are buying growth companies in a growth industry and always have at least a five-year horizon. The fundamentals of the business -- increasing demand and decreasing supply over the long term -- favour higher stock values over time."

Anderson says energy bears are just not facing reality. He points to U.S. Department of Energy research that forecasts global growth in demand rising to at least 110 million barrels of oil per day in a decade from the current level of 85 million. "To get to that level while supply from the best and biggest fields in the Middle East, North Sea and Gulf of Mexico is shrinking will be very tough," he says. "Oil prices are going up to ration supply, short of a total global economic meltdown."

If you want to invest along with Anderson instead of Kolton, here are the large and medium-sized companies he likes best on the recent pullback, with expectations that they will roar back starting in September: Petrohawk Energy (HK.N), Plains Exploration & Production (PXP.N), Chesapeake Energy (CHK.N), Apache (APA.N), Southwestern Energy (SWN.N), EOG Resources (EOG.N) and Range Resources (RRC.N).

Anderson is always good with the small caps, and among his favourites now are Canadian Superior Energy (SNG.TO), Arena Resources (ARD.N) and Gastar Exploration (GST.N).

With any luck, Kolton and Anderson can both be right. These energy companies were going to be very profitable with $75 crude oil a year ago, so they must be minting money now. Short of an expectation for the lights to go out worldwide over the next year, consider buying at these levels, while the pessimism lasts.

Note: At the time of publication, Jon Markman did not own or control shares of any company mentioned in this column.

-

Lincoln vs. Kennedy

2008-09-12T13:25:00.000-07:00

Here is a most intriguing list of the comparisons between Presidents Lincoln and Kennedy...truth stranger than fiction?...hmmm, you be the judge...

Abraham Lincoln was elected to Congress in 1846.
John F. Kennedy was elected to Congress in 1946.

Abraham Lincoln was elected President in 1860.
John F. Kennedy was elected President in 1960.

The names Lincoln and Kennedy each contain seven letters.

Both were particularly concerned with civil rights.

Both wives lost their children while living in the White House.

Both Presidents were shot on a Friday.

Both Presidents were shot in the head.

Lincoln's secretary was named Kennedy.
Kennedy's secretary was named Lincoln.

Both were assassinated by Southerners.

Both were succeeded by Southerners.

Both successors were named Johnson.

Andrew Johnson, who succeeded Lincoln, was born in 1808.
Lyndon Johnson, who succeeded Kennedy, was born in 1908.

John Wilkes Booth, who assassinated Lincoln, was born in 1839.
Lee Harvey Oswald, who assassinated Kennedy, was born in 1939.

Both assassins were known by their three names.
Both names are composed of fifteen letters.

Lincoln was shot at the theater named 'Ford.' (another president)
Kennedy was shot in a car called 'Lincoln.'

Booth ran from the theater and was caught in a warehouse.
Oswald ran from a warehouse and was caught in a theater.

Booth and Oswald were assassinated before their trials.

And here's the kicker...

A week before Lincoln was shot, he was in Monroe, Maryland.
A week before Kennedy was shot, he was in ....

Moser Baer

2008-09-10T13:12:00.001-07:00

Thursday September 4, 03:44 PM Moser Baer unit to raise 4.11 bln rupees; shares up NEW DELHI (Reuters) - Moser Baer's photovoltaic unit will raise 4.11 billion rupees from a consortium of global investors and may raise another 2 billion rupees by end March to fund growth, a senior official said.
The current capital infusion, which will dilute Moser Baer's stake in the unit by 6.5 percent to 93.5 percent, saw its stock jump by more than 14 percent to 121 rupees in a weak Mumbai market.
"In the past, the demand for photovoltaic was driven by the need for clean form of energy. Now it is driven by economics as it is cost effective potential form of energy," Yogesh Mathur, group chief financial officer, told reporters on Thursday.
The consortium of investors, who injected the current funds, include Nomura, CDC Group, Credit Suisse, Morgan Stanley and IDFC, it said in a statement.
Mathur said it was possible that these investors may also fund its next round of capital raising plans.
Moser Baer will use the funds to expand crystalline silicon cell manufacturing capacity to 180 megawatts from 80 megawatts and thin film capacity to 120 megawatts from 40 megawatts.
It has a planned capital expenditure of $400 million for the current financial year to ramp up capacities.
In the next phase of expansion, it plans to add about 500 megawatts more of thin film capacity in a greenfield plant in Chennai.
Mathur said currently most of the photovoltaic unit's earnings are from exports. But with the state governments stressing on greater use of renewable sources of energy, he sees domestic market growing significantly.
For the year ended March 2008, photovoltaic unit posted a revenue of $42.2 million, about 8.5 percent of Moser Baer's total revenue.
Moser Baer, which had earlier raised 4 billion rupees for photovoltaic unit in November 2007, is likely to list it in next three years, Mathur said.
"We clearly see this business to be able to tap both private and public markets. At appropriate time we will work on our plans to go to capital market," he said.
The photovoltaic business is currently valued at 63.5 billion rupees, the firm said in a statement.
Shares of the firm, which have lost more than 61 percent of their value since January, were trading at 117.60 rupees at 3:17 p.m, while the broader Mumbai market was down 0.99 percent.