Monday, February 26, 2007

Short-term trades

IMHO Following stocks are suitable candidates for short-term trading.

GS
TIE
AHS

Market is volatile in spite of VIX hovering around just 10. That's little strange.

On a side note, I feel that Yahoo (YHOO) stock will go up further. I won't be surprised if it trades at $40 in few weeks.

Friday, February 16, 2007

Trade update

I had big position in ICE, closed it. I want to divert the money to other positions. I am not a day trader or a swing trader. However, I like trading and challenges that come with it. When I am right, it gives me lot of pleasure and (of course) money.

I have big position in Goldman Sachs (GS) both in stocks and options. I hope that this would work out ok. I am also looking at MER, JPM and other investment banking stocks.

I had bull put spread on MER 85/90 puts. Currently MER trades at $92+, I guess that my spread will generate profit at the end of the day. (Today is the option expiration day for February)

Market is going up and down because of housing data. Is it a surprise that we keep getting low housing numbers? I don't think so. But, the market use that as excuse for profit-taking.

Related Link: ICE

Wednesday, February 14, 2007

School Admissions Nightmare

If you are a parent in India, you know how difficult it is to secure admission for your child. I heard about all kinds of horror stories! I personally know a friend that camped out all night along in an elementary school in Chennai to get the application form for his child – for Kindergarten class!

The same thing happens in London too, according to the story published in Wall Street Journal.

Some excerpts from that article:

To get her son into elementary school at age 4, Emma Pliner signed him up at birth. When she went into labor, she took the application forms with her to the hospital. "I filled in the forms with an epidural in my back," she says.

At Wetherby, the boys school near Hyde Park, head teacher Jenny Aviss advises women scheduling Caesarean sections to have them early in the month in order to secure one of five places that the school allots to newborns each month. "If you have the option, don't wait until the 31st, have it on the first and call on the second," she says.

At one popular private nursery, the Broadhurst School, mothers sign up even before their babies are born. Headmistress Deirdre Berkery recently got a call from a woman who was five weeks' pregnant. "Every year, there seems to be more pressure for places," says Ms. Berkery, whose school is fully booked until January 2010.

Wednesday, February 07, 2007

Workshop on Term sheets and early stage financing

Are you seeking funds from VCs and Angels? It's better to understand term sheets and early stage financing before you meet with them. TiE is going to conduct workshop on Term sheets and Financing on February 21, 2007. Following is from the email I got.

As the economy and the funding environment continue to grow, more entrepreneurs are starting new ventures or actively seeking to grow their businesses. To help entrepreneurs understand the financing realm, The Indus Entrepreneurs (TIE) is presenting Financing and Term Sheet workshop on Wednesday, February 21, 2007. This workshop will focus on angel and venture capital financing and term sheet issues. This workshop will have instructors from the major Silicon Valley law firms, who are experts in angel financing and venture capital matters.

A key part of building a successful technology company is raising capital, often from angels and venture capitalists. In addition, many founders are now bypassing traditional venture capital financing, and choosing instead to self finance their ventures. Knowing the important issues relating to such financings can be invaluable.

This workshop is designed to educate participates on the key terms and issues to consider when raising investment capital from angels and venture capital firms, as well as the issues facing founder financed ventures.

You will learn:

The differences among founder, angel and traditional venture capital financings

The advantages and disadvantages to founders of self-financing, and angel and venture capital financed ventures

Key terms to consider when raising capital from angel and venture capital investors

The effect that founder, angel and venture capital financings can have on your company’s liquidity. The workshop is three hours and will consist of a presentation of key financing issues, an interactive workshop where attendees get to address such issues with Silicon Valley legal experts and an expert panel discussion and question and answer session.

Host: Murrali Rangarajan, TiE SV Charter Member

Venue:

TiE Conference Center
Suite 108
2903 Bunker Hill Lane,
Santa Clara, CA 95054

Date & Time: 6:00pm to 10:00pm on Feb 21, 2007

You can use this link to register or go to TiE website.