Thursday, August 30, 2007

Sub-Prime Woes in the USA

Well the sub-prime mess in the US is affecting India but it’s not rationale. Only 2% of all home purchases in India are funded with a mortgage so what’s the problem folks? I don’t think India needs to pay for the US sub-prime mess and it should not be reflected in our stocks. Those obnoxious speculators need panic situations to make money selling short and are creating it worldwide. Repeat after me – there is no connection between sub-prime rich US and non-sub-prime India.

Spreading panic makes these speculating clowns money because as investors sell their short positions make money. These vermin switch to the long side when the panic dies down actually buying the same stock back at a discount to true value. Let the vermin scurry about - I remain a bull as always.

4 Pegasus ARC directors quit today

I noticed the Economic Times picked up a stunning development at Pegasus ARC today. I have been promoting this stock for months now but now it appears to be unraveling due to these four fools. You see Pegasus ARC finds investors who will fund the purchase of bad loans from lenders. I can see the headlines now, "Is Pegasus ARC the Start of the Next Sub-Prime Disaster for India?"

The folks down at the Reserve Bank of India (RBI) may yet regret that Pegasus was the first private asset reconstruction company to be officially licensed. Good thing the stock is not traded or I'd be taking a pounding. I thought for sure we'd take this company public.

I may have to get out while the getting out is good…

Wednesday, August 29, 2007

India: The Empire Strikes Back

All my life I’ve waited to see India hit back at the rest of the world and now it appears to be happening. India will become the world’s largest superpower because our youth population is so overwhelmingly larger than those in Red China or the spoiled brats in the US. I keep telling the stock broker wanna-be’s at the BSE to preach Sensex 25,000 to all who will listen. We need to keep this market rollin’.

The damn press keeps calling me the Warren Buffett of India like I am his pet or something. Warbuff as I call him, doesn’t understand technology much less India so why am I being compared to him? OK so the guy is a big philanderer errr… philanthropist so he’s not all that bad. But he gave most of his money to the wealthiest guy in the US to spend. Now what sane person would do that? Warbuff is like well if I can’t be richer then Gates then why not surrender and give him all my money? Somebody ought to check his mental health.

What’s going on with this Gphone rumor I heard. I can guarantee you that it’s not being launched in India because no one has given me a piece of the action. I’m not saying it’s a bad idea, just gotta pay the elephant you know? If it isn’t coming soon, someone ought to call me to get the Gphone here. If India needs a hero, I am willing to step up.

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