arunmuthuvel

Noteworthy Nuggets From Google’s 10Q

i think we have to look at other internet companies too...like the one competitor to skype called globe7
Its perhaps run by a listed company called northgate tech ltd ...BNP Paribas has invested in it...

France’s biggest bank BNP Paribas, which has triggered a sharp plunge in the Indian and other global equity markets in the past two days, on Friday purchased shares worth Rs 20.46 crore in a single company here in India. BNP Paribas Arbitrage, a foreign fund promoted by the French banking giant, acquired 1.65 lakh equity shares in Northgate Technologies at Rs 1,240 per share in a bulk deal at the Bombay Stock Exchange. The BSE sensex have witnessed a plunge of 440 points in the past two days, while the stock markets in the US and Europe have also seen sharp decline in the two days, primarily on fresh sub-prime concerns triggered by BNP Paribas’ move on Thursday to suspend withdrawals from three mutual funds. It has freezed withdrawals from three of its mutual funds with assets worth $2.2 billion due to their exposure to the US subprime market.

Here is the link for the full article
www.stocktips.in/?p=15...

The 'Plunge Protection Team' Working Overtime: A Play-By-Play

When you people talk that hedge funds take their money out..but actually they are using this crash as an opportunity to buy the stocks cheap…

France’s biggest bank BNP Paribas, which has triggered a sharp plunge in the Indian and other global equity markets in the past two days, on Friday purchased shares worth Rs 20.46 crore in a single company here in India. BNP Paribas Arbitrage, a foreign fund promoted by the French banking giant, acquired 1.65 lakh equity shares in Northgate Technologies at Rs 1,240 per share in a bulk deal at the Bombay Stock Exchange. The BSE sensex have witnessed a plunge of 440 points in the past two days, while the stock markets in the US and Europe have also seen sharp decline in the two days, primarily on fresh sub-prime concerns triggered by BNP Paribas’ move on Thursday to suspend withdrawals from three mutual funds. It has freezed withdrawals from three of its mutual funds with assets worth $2.2 billion due to their exposure to the US subprime market.

Here is the link for the full article
www.stocktips.in/?p=15...

We investors need to be cautious now…