Slack is where the daily action happens. We take pride in our diverse and always helpful member community which includes value investors, fund managers, and professional traders. Here is a brief summary of some of the interesting things discussed there in the last few days. Find all older ones here.


#general: Narrow Range Day NR7

Narrow range patterns come from Tony Crabbel’s book, ” Day Trading with Short Term Price Patterns & Opening Range Breakout”. Even though the book, which was published in 1990, is currently out of print, many of its ideas are still effective. Stock Charts

#macronomics: Early signs of El Nino this year, warn forecasters

In what could spell bad news for this year’s monsoon, international weather agencies have begun predicting an El Nino event in the second half of 2017. The latest update, from US state agency NOAA and its funded institutions this week, gives a 50-55% chance of an El Nino forming from July onwards. Times of India

#fx-commodities: Massive oil discovery in Alaska is biggest onshore find in 30 years

Some 1.2 billion barrels of oil have been discovered in Alaska, marking the biggest onshore discovery in the U.S. in three decades. CNN Money

#macronomics: IIP rises 2.7% in January, shrugging off demonetisation impact

Data released by the Central Statistics Office showed the index of industrial production (IIP) rose 2.7% in January after contracting by 0.4% in December. Livemint

#general: Calling Bullshit

The world is awash in bullshit. Politicians are unconstrained by facts. Science is conducted by press release. Higher education rewards bullshit over analytic thought. Startup culture elevates bullshit to high art. Calling Bullshit

#fx-commodities: The Break Even Cost For Shale Oil

As Art pointed out in his article, there are oil wells in the Bakken that probably break even when the price of West Texas Intermediate (WTI) is $30/bbl. That’s because the break-even price is largely a function of the cost to drill and complete the well and the amount of oil that is ultimately recovered from the well. Forbes

#general: Why developers prefer investors as project riders?

Developers prefer investors as project riders because the investors are least interested about timelines and quality. Track 2 Reality

#general: Getting Rich vs. Staying Rich

Collaborative Fund

#general: Let Me Convince You To Save Money

The first idea – simple but easy to overlook – is that building wealth has little to do with your income or investment returns, and lots to do with your savings rate. Collaborative Fund

#general: Nifty heading towards Life High after Historic Election Win

Bramesh Technical Analysis

#stocks: Mphasis gets shareholder nod to buy back 1.73 crore shares

The proposal to buy back 1,73,70,078 equity shares at a price not exceeding Rs 635 per share has been approved by shareholders, the company stated in the voting results on the proposal, in a BSE filing today. Economic Times

#macronomics: Markets Defy Finance Theory on Fed Hikes

Investors seem to believe that economic data is giving the Fed the green light based on the implied probabilities for a rate hike. Bloomberg

#general: BJP win-effect: Market rally may not match the sentiment surge

The landslide victory of the BJP in Uttar Pradesh and Uttarakhand will bolster the already upbeat sentiment in the stock market. Foreign and domestic investors who have been supporting the market rally will interpret the win as an indication that economic policy reforms will get an impetus. The Hindu Business Line

#general: Modi favourite for 2019 Lok Sabha elections: US experts

Prime Minister Narendra Modi has emerged as a clear favourite for the 2019 general elections after the BJP’s landslide victory in assembly elections in Uttar Pradesh and Uttarakhand, top US experts on India have said. Times of India

#general-from the past: Demonetization – Equal opportunity for every Indian!

Equity Intelligence

#stocks: Marathon Nextgen up by nearly 19% on buyback proposal

The stock touched high of Rs 266 per share, up by Rs 42 per share or 18.98% on an intraday basis. The stock started rallying after the buyback proposal was announced. India Infoline

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