Wednesday, March 31, 2010

Intraday Trading Calls for 31st March

Indian Stock Market may open positive and remains highly volatile for the day today. A good buying and positive closing expected today.
Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):
SCRIP NAME
TRIGGER
PRICE
TARGET 1
TARGET 2
JYOTI STRUCTURE
Buy Above
167.25
171.65
176.00
Sell Below
165.30
161.70
157.00
ATLANTA
Buy Above
240.00
245.65
251.00
Sell Below
236.40
232.05
227.00
CAIRN INDIA
Buy Above
300.00
305.15
310.00
Sell Below
297.05
293.25
288.00

HIND OIL EXPLO
Buy Above
230.00
235.15
240.00
Sell Below
227.55
222.70
216.00

SELAN EXPLO
Buy Above
427.60
235.45
445.00
Sell Below
422.40
415.35
405.00
SASKEN COM
Buy Above
174.20
178.65
183.00
Sell Below
172.45
168.50
165.00
GODREJ INDUSTRIES
Buy Above
142.20
147.15
152.00
Sell Below
140.00
137.45
132.00
GOOD LUCK

Tuesday, March 30, 2010

Intraday Trading Calls for 30th March

Indian Stock Market may open positive and remains highly volatile for the day today. A good buying and positive closing expected today.
Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):
SCRIP NAME
TRIGGER
PRICE
TARGET 1
TARGET 2
VIDEOCON INDUSTRIES
Buy Above
232.10
237.55
242.00
Sell Below
229.35
224.05
218.00
ATLANTA
Buy Above
218.75
224.65
230.00
Sell Below
216.05
210.45
205.00
CAIRN INDIA
Buy Above
295.65
301.55
307.00
Sell Below
292.45
287.65
282.00

HIND OIL EXPLO
Buy Above
228.70
234.15
240.00
Sell Below
225.15
220.70
215.00

SELAN EXPLO
Buy Above
424.55
432.70
441.00
Sell Below
419.35
412.60
404.00
PUNJ LLYOD
Buy Above
178.80
184.35
190.00
Sell Below
176.45
171.80
167.00
VOLTAS
Buy Above
177.25
180.35
184.00
Sell Below
175.55
172.60
170.00
GOOD LUCK

Thursday, March 25, 2010

Intraday Trading Calls for 25th March

Indian Stock Market may open flat to positive and remains highly volatile for the day today. A good buying and positive closing expected today.
Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):
SCRIP NAME
TRIGGER
PRICE
TARGET 1
TARGET 2
BRFL
Buy Above
220.00
225.75
232.00
Sell Below
217.25
212.75
207.00
ATLANTA
Buy Above
223.05
228.65
234.00
Sell Below
220.00
215.35
220.00
CAIRN INDIA
Buy Above
294.05
300.00
307.00
Sell Below
291.35
286.45
281.00

HIND OIL EXPLO
Buy Above
237.80
244.70
252.00
Sell Below
235.05
231.40
225.00

JINDAL SAW
Buy Above
220.65
225.35
231.00
Sell Below
218.35
212.65
208.00
ALEMBIC LTD.
Buy Above
50.25
52.55
55.00
Sell Below
49.35
47.25
45.00
APTECH
Buy Above
171.65
176.25
182.00
Sell Below
169.45
165.45
161.00
GOOD LUCK

Stock Idea: McLEOD RUSSEL

This B.M.Khaitan tea company has been literally on the boil. With tea prices perking up, the company has been able to brew a set of very good financial performance for the third quarter ended 31st Dec 2009.

The world's single largest producer of tea with gardens spread across India, Vietnam and Uganda, posted on a YoY, a whopping 184% jump in net profit at Rs.137.94 crore. This super jump in net was on account of the production going up from 205 lakh kgs to 227 lakh kgs. Sales volumes jumped up from 211 lakh kg to 235 lakh kg. More importantly, its sales realization, on an average for Q3 was at Rs.142.41 kg vis-à-vis Rs.114.91 per kg.

The bullish cycle in tea is expected to continue over the next 4 years. Next year, prices are estimated to remain high due to global tea shortage on account of drought in Kenya, Sri Lanka and India, which account for more than 50% of global tea exports. There has been a 32% drop in crop harvest in Sri Lanka and 21% drop in Kenya.

Tea prices in India are expected to remain at the current high levels till end of this year. The company aims to have a revenue of Rs.1,000 crore in current fiscal and net profit is expected to be around Rs. 480 crore for the full year.

Stay invested as FY10 will end at a historical high performance for Mcleod.

Source: Internet (premiuminvestments.in S P Tulsian)

Stock Idea: Dish TV

Expect DTH industry to add 10 million subscribers in each of the next three years. Based on our interaction with the managements of various DTH operators, we remain confident of our industry wide subscriber addition forecasts. We expect Dish to remain the market leader for the next five years, despite an assumed decline in net adds market share from 25.6% in FY3/09 to 22% in FY3/10E and thereafter. Dish has delivered positive EBITDA for three consecutive quarters, clearly surprising us and the Street positively. We now forecast EBITDA margins to double to 20.1% in FY3/11 from 9.3% in FY3/10E. Despite assuming no major up tick in margins in FY3/12 (20.5%), we forecast EBITDA to increase by over 3x to Rs3.7bn from Rs1bn in FY3/10E. Positive investment view based on strong improvement in operating cash flows, led by strong growth in subscriber base and tight cost control. We expect Dish TV to add 4.4m subscribers over the next two years, implying a CAGR of 27.4% in the subscriber base for FY3/10–12. Dish TV management has done a commendable job in capping the content cost as a percentage of subscription revenues by entering into fixed-price contracts; we view this as the key reason for the sharp rise in EBITDA. Funding overhang removed. Sixty-four percent of the money raised in a rights issue has been infused into the company, and we do not view funding as a bottleneck to growth.
Key Developments
Dish TV gadget to help switch DTH operator Dish TV, the country's largest DTH operator, proposes to launch Conditional Access Modules (CAM) in May that would help subscribers of other DTH players to switch over to the company's platform at a lower price. The proposed move by Dish TV, the first time in the country by any operator, could indirectly trigger inter-operability in the DTH sector. The company also proposes to launch High Definition TV (HDTV) services in the next three months. CAM is a card-like gadget that can be inserted in the STB, which will enable the subscriber to shift from the current DTH provider to another.
The licensing norms of the Telecom Regulatory Authority of India (TRAI) mandate that the STBs offered by the DTH players should be CAM-compliant or have an empty space where the card could be inserted.

Valuations
At CMP of Rs 36.6, the stock trades at 5.1x TTM EV/sales of Rs 987 crore. We believe the industry is looking attractive mainly on back of digitalization growth with HITS policy approved by cabinet. To capture the growth coming ahead we believe Dish TV is better placed than its peer group. We recommend ‘BUY’ on the stock with a price target of Rs 50 representing upside potential of 36%.

Source: Internet (Valuenotes by KRChoksey)

Tuesday, March 23, 2010

Intraday Trading Calls for 23rd March

Indian Stock Market may open flat to positive and remains highly volatile for the day today. A good buying and positive closing expected today.
Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

BRFL

Buy Above

221.80

227.15

232.00

Sell Below

220.00

215.25

210.00

RAYMOND LTD.

Buy Above

238.25

244.65

251.00

Sell Below

236.05

231.25

225.00

SELAN EXPLO

Buy Above

436.15

444.25

254.00

Sell Below

429.55

422.35

415.00

HIND OIL EXPLO

Buy Above

238.65

244.70

252.00

Sell Below

236.05

231.40

225.00

JINDAL SAW

Buy Above

220.25

225.35

231.00

Sell Below

217.35

212.65

208.00

ATLANTA

Buy Above

218.20

224.65

232.00

Sell Below

214.45

208.35

202.00

GSS AMERICA INFO

Buy Above

318.25

325.70

334.00

Sell Below

313.70

307.35

300.00

GOOD LUCK

Monday, March 22, 2010

Intraday Trading Calls for 22nd March

Indian Stock Market may open flat to positive and remains highly volatile for the day today. Some profit booking expected at higher levels and a negative closing expected.
Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

BRFL

Buy Above

222.60

228.15

234.00

Sell Below

220.00

215.25

210.00

RAYMOND LTD.

Buy Above

238.75

244.65

251.00

Sell Below

236.05

231.25

225.00

VOLTAS

Buy Above

173.55

177.10

181.00

Sell Below

171.70

168.20

165.00

JINDAL SAW

Buy Above

224.25

230.15

236.00

Sell Below

221.40

216.65

211.00

3I INFOTECH

Buy Above

80.70

84.10

87.00

Sell Below

79.35

76.45

74.00

VIDEOCON INDUSTRIES

Buy Above

231.65

238.20

244.00

Sell Below

228.55

223.10

218.00

CAIRN INDIA

Buy Above

286.70

292.25

296.00

Sell Below

283.65

278.55

274.00

GOOD LUCK

Sunday, March 21, 2010

Stock Idea: Marathon Nextgen Realty Ltd. (MNRL)

Marathon Nextgen Realty Ltd. (MNRL) (Code: 503101) (Rs.380) was promoted by Mr. Ramniklal Shah in 1969 but reinforced by the technological skills and new-age vision of his successors - Vice Chairman, Chetan Shah, and Managing Director, Mayur Shah.
The Marathon Group acquired the sick Piramal Spinning & Weaving Mills Ltd. (PSWML), manufacturers of cotton fabrics, synthetic fabric and cotton yarn with mills at Lower Parel in Mumbai, Ambarnath, outside Mumbai and Surat in Gujarat. As per the rehabilitation programme sanctioned by the BIFR, PSWML’s three main divisions were demerged into 3 distinctive entities.
The assets & liabilities of PSWML as well as that of Niranjan Mills were transferred to Niranjan Piramal Textile Mills and the Ambarnath processing unit was transferred to Pyarelal Textiles in October 2001. Its third realty unit also co-opted into Ithaca Informatics Pvt Ltd to develop the property at the Lower Parel unit.
Subsequent to the restructuring, shareholders of the erstwhile PSWML were allotted one share in each of the 3 companies for every 3 shares of PSWML held by them. The name of the company was changed to Marathon Nextgen Realty Ltd.
MNRL has developed residential complexes, industrial estates, high-rises, signature homes, retail and corporate spaces catering to different lifestyles through 70 projects in India. Its ongoing projects are spread over 28 lakh sq. ft. in Mumbai.
MNRL’s lean management is supplemented by the prestigious ISO 9001:2000 certification (Quality Management Systems). One of the secrets of its success has been in acquiring the right land that ensures appreciation at an opportune time. This foresight has benefited its customers offering them convenience of location and appreciation in property value in the long run. Its acquisition of PSWML at Lower Parel in Central Mumbai in 1995 is a testimony to this as the area has turned into the fastest growing corporate hub in 2006.
In FY09, MNRL posted 32% lower net profit of Rs.41.8 cr. on 4% higher income of Rs.105 cr. and the EPS was Rs.32.5.
For Q3FY10, net profit rose 64% to Rs.39.4 cr. on 3% lower revenue of Rs.55.2 cr. For the nine months ended 31 December 2009, its net profit jumped 208% Rs.98.8 cr. on 65% higher revenue of Rs.138.3 cr. while the 9 months EPS works out to Rs.78.4.
MNRL’s tiny equity capital of Rs.12.6 cr. is supported by huge reserves of Rs.154.3 cr., which gives the share a book value of Rs.133. The promoters hold 89.2% in its equity capital, foreign holding is 0.6%, PCBs hold of 1.1% leaving 9.1% with the investing public.
Marathon NextGen was a unique product mix of high-end residential towers and two commercial projects that was well-received. Marathon NextGen Era is one of the tallest luxurious towers that offer plush apartments/penthouses with terraces and plunge pools on the 36th floor.
MNRL has entered into three joint ventures, which include the development of 3 corporate IT Parks at Lower Parel, a housing project in Bangalore and development of properties in South Mumbai and the western suburbs of Mumbai. The projects include a SEZ in Navi Mumbai, an integrated township in Badlapur near Mumbai, Commercial and residential properties in Mulund and Parel in Mumbai. These ongoing projects in and around Mumbai are spread over 28 lakh sq. ft.
The prospects of the realty sector have improved according to India's new FDI policy up to 100% investment is allowed under automatic route in townships, housing, built-up infrastructure and construction-development projects. Construction projects would include hotels, resorts, hospitals, educational institutions, housing and commercial premises. The government has also reduced the minimum mandatory area for FDI in real estate sector from 100 acres to 25 acres.
Since, the Indian economy has already recovered, there are positive signs that the realty sector is back on the growth track. Merrill Lynch forecasts that the Indian realty sector will grow from $12 billion in 2005 to $90 billion by 2015.
The rapid population growth, strong demographic impetus with young people, newer job creations, rising incomes, emergence of nuclear families, tax incentives on housing, competitive interest rates, expansion in organised retail sector, shortage of around 20 million dwelling units and the rising FDI levels in the real estate sector provide a conducive environment for investment in the housing/real estate sector for growth in a revenue and profitability.
For FY10, MNRL is likely to post a net profit of Rs.130 cr., which would fetch an EPS of Rs.103. At the current market price of Rs.380, the share is trading at a P/E of just 3.4, which gives a strong buy indication. Applying a conservative P/E of just 6 against the industry average P/E of 32 for the construction sector, will take the MNRL share price to over Rs.600. This would fetch a decent appreciation of over 60% in the medium-to-short-term. The 52-week high/low of the share has been Rs.567/91.
Source: Internet (Moneytimes)

Stock Idea: Yuken India

Long-term investors can consider accumulating Yuken India (Code: 522108) (Rs.154.60) as it is back on track since the last two quarters. Earlier, the rising metal prices had spiralled up its raw material cost that led to a significant reduction in its profit margin. But now things have improved and the company is again recording 11-12% operating margin. Accordingly, its share price has also doubled but deserves still better valuation and has considerable scope for appreciation. It is a reputed manufacturer of power saving hydraulic pumps & valves that are very popular in the heavy engineering industry. As an effective means of automation, it finds extensive use in various key sectors like machine tools, material handling equipment, construction machinery, drill rigs, automobiles, defence, steel, power & cement plants, plastic machinery etc. Besides, it also manufactures complete hydraulic power units as per customer specifications, cylinders, parison controllers, actuators, accumulators and power packs. To cater the rising demand, the company has doubled its hydraulic casting products capacity to 2400 TPA and is further augmenting it to 6000 TPA within the next couple of years. Besides, it has made a tie-up with Hydrocontrols SPA, Italy, to produce and market state-of-the-art mobile control valves especially for agriculture, construction, earth moving and lifting machineries. On the back of the sharp revival in construction and industrial activities, Yuken is expected to fare well in coming quarters. In fact, despite reporting a net loss for Q1FY10, it is estimated to post a net profit of Rs.5 cr. on sales of Rs.105 cr. for FY10. This translates into EPS of Rs.17 on its tiny equity of Rs.3 cr. For FY11, it has the potential to report an EPS of Rs.22-24.

Source: Internet (Moneytimes)

stock idea: Oil Country Tubular Ltd.

Oil Country Tubular Ltd. (Code: 500313) (Rs.108) is a leading global company processing a range of tubular goods needed for oil drilling and exploration. Its wide product range covers drill pipes, heavy weight drill pipes, drill collars, production tubings, casings, tool joints, couplings, pup joints, nipples, subs, and crossovers. Last year, the US government had imposed heavy anti-dumping duty on Chinese imports of certain oil country tubular products, which may have worked in favour of the company. It is also quite active on the export front as nearly 50% of its total revenue comes from exports. For future growth, it plans to set up a joint venture between Golden Dunes International, Oman, & UMW Petropipes (L) Ltd, Malaysia, for putting up a pipe threading facility in Oman. Financially, the company is doing well and has cleared all its term loans and emerged debt-free. However for the December 2009 quarter, it reported a very disappointing performance with a drastic fall in the topline itself and did not give any explanation for such poor sales. Market players are now keenly waiting for its March 2010 quarter numbers. Based on the current situation, it may end FY10 with sales of Rs.325 cr. with PAT of Rs.55 cr. i.e. an EPS of Rs.12 on its equity of Rs.44.30 cr. Aggressive traders can take a call to buy the scrip before the Q4FY10 results are announced.

Source: Internet (Moneytimes)

Stock Idea: UB Engineering Ltd.

UB Engineering Ltd. (Code: 509992) (Rs.137.45), part of the Vijay Mallaya famed UB group, provides integrated design, engineering, procurement, construction and project management services for the infrastructure and energy sectors. It carries out EPC projects for complete power generation plants upto 50 MW and undertakes turnkey business for high voltage & extra high voltage (EHV) sub-stations upto 400 kV class and associated transmission lines right from the conceptual stage to commissioning stage in India and abroad. It even undertakes overhauling and maintenance of plants in varied industries and has a healthy order book of approx Rs.700 cr. Financially, it was not faring well earlier as it was in deep losses with high debt, negative networth and lack of promoter focus. But in the last two years, it made a smart turnaround on the back of its financial/debt restructuring and infusion of additional equity under its new management team and came out with a 5:13 rights issue at Rs.126 per share in December 2007. Today, its net worth is not only positive but it is also almost debt-free with the sharp rise in its profitability. In fact, it has already posted an EPS of Rs.12 for the nine months period ending 31 December 2009. With the government making all time high budgetary allocations for the infrastructure sector, the company’s future prospects look very promising. Hence for FY10, it may clock a turnover of Rs.450 cr. with PAT of Rs.25 cr. and post an EPS of Rs.15 on its equity of Rs.17.10 cr. Technically, the scrip has been consolidating between Rs.120-130 for the last four months. Long-term investors can keep on accumulating at every sharp decline.

Source: Internet (Moneytimes)

Stock Idea: Tantia Constructions Ltd.

Tantia Constructions Ltd. (Code: 532738) Rs.118.50
Established in Kolkata in 1964, Tantia Construction Ltd (TCL) has evolved over the years from a pure railway construction company to a full-fledged infrastructure company executing various diversified projects. Today, it is into construction of roads & highways, railways, tunnels, bridges & flyovers, urban infrastructure, sewerage & drainage, civil & housing construction etc. Lately, the company has also ventured into the lucrative marine infrastructure, power transmission & distribution segment and aviation infrastructure. It is among the few companies that has almost five decades of domain expertise in servicing the Indian Railways. In fact, TCL is among the five Indian companies capable of providing ‘foundation-to-finish’ for mega railway bridges spanning 2-km or more. Importantly, TCL has a very strong presence in the eastern and north-eastern regions, which gives it an edge as very few players are interested in bidding in these regions due to the difficult terrain. Its expertise can be ganged by the fact that it has executed 600 projects which include construction over 250 km of roads in the hilly areas of Mizoram, coastal areas of Kerala, plains of Punjab/Haryana and plateaus of Karnataka. For power projects, it has garnered the capability of in-house manufacturing and erecting transmission towers within a very short time. Notably, TCL has an impeccable track record of completing every single assignment since inception. Although its clientele is skewed towards PSUs, it has diversified customer base including NHAI, State Public Works Departments (PWDs), NTPC etc.
The contribution of the various business segments, domains and verticals are:
􀂄 Roads & Highways (50%): TCL ventured into advanced mechanised road construction in compliance with specifications set by the Ministry of Surface Transport in 1990. Since then, it has established its credentials in the field of construction, widening, conversion, maintenance, strengthening and beautification of roadways, road bridges, highways and flyovers. It is the only Indian company to have fabricated a 100 metre spans steel girders onsite, 4,000 mtrs above sea-level. With over 50% of total sales coming from this segment, it is the largest contributor of revenue.
􀂄 Urban infrastructure (25%): TCL established its credentials in this segment through its Kolkata improvement projects. Its expertise in soil re-engineering, mechanised earthwork, hauling for large-scale land development, sewerage & drainage projects, electrification and lighting systems and construction of college & hospital buildings. Today, the company is well acknowledged by large municipal corporations for its competence in the timely commissioning and completion of urban projects that minimise public inconvenience. TCL is now eyeing urban infrastructure projects in Punjab, Orissa, Delhi and Haryana from their PWDs.
􀂄 Railway infrastructure (20%): TCL is one of the oldest railway contractors in India with the experience of having completed assignments across diverse terrains for the Eastern Railway, North Eastern Railway, South Eastern Railway and North East Frontier Railway. It provides end-to-end solutions right from survey, designing of track embankment, earthwork, track laying, bridges, tunnels, electrification and signalling, maintenance of rail road/infrastructure, constructing railway stations and terminals, railway bridges etc. This division enjoys a pre-qualification for projects up to Rs.450 cr. when
engaged in overseas joint ventures. Some of its joint venture partners comprise reputed international names like Road Builder, Malaysia and TSO, France.
􀂄 Aviation/Marine Infrastructure (4%): TCL diversified into marine infrastructure in 2003 and now possesses proven capabilities in building tunnels, jetties and steel girders along rivers. Subsequently, it ventured into aviation infrastructure in 2005 through the Dibrugarh Airport project.
􀂄 Power Transmission projects (1%): TCL entered the power T&D solutions segment in 2005 and is now executing projects involving beam foundation, lattice structure erection, conductor stringing and cable-laying systems. To enhance its presence, TCL is planning to set up a design department to include plant design engineering.
In recent years, TCL has executed various prestigious and large scale projects in West Bengal, Assam, Bihar, Uttar Pradesh, Tamil Nadu, Kerala and Mizoram, and in neighboring countries like Bangladesh, Nepal and Bhutan. Since over 90% of its revenue comes from government projects, it caters to several government bodies including Indian Railways, Kolkata Metro Railway, NHAI, State PWD, Central PWD, State Electricity Boards, HUDCO, KMC, Airport Authority of India apart from NTPC, Ircon International, SAIL, RITES, IOC etc. It enjoys excellent business relations with them and has good direct contacts within government resulting in repeat orders of similar nature, extension of projects of a higher value and listing among preferred partner. Presently, TCL has a diversified and huge order in hand position of over Rs.1500 cr. to be executed in the next 24-36 months. It bagged over Rs.450 cr. worth of orders in the last twelve months, which gives strong revenue visibility in coming years.
Going forward, TCL is planning to bid for bigger projects in the power transmission segment as it has executed a few power projects and is now qualified to bid for the same. In the near future, it also intends to foray into BOT & BOOT projects to boost margins. It usually takes up complex projects, which are insulated from competition. It is also looking to bag airport projects coming up in non-metro cities. To cash in on the boom in civil construction, it is even contemplating to enter into real estate development. As a long-term strategy, TCL intends to enter in logistics sector by constructing and owning warehouses at strategic location across India. Water treatment, solid waste management and sewage treatment are also being considered to widen its projects profile.
In the recent 2010-11 budget, the government has provided over Rs.1,70,000 cr., which accounts for over 46% of the total plan allocations, for infrastructure development in the country. For road transport, the allocation was raised by over 13% from Rs.17,500 cr. to almost Rs.20,000 cr. It has provided nearly Rs.17,000 cr. to Railways, which is 1000 cr. more than last year. Further, it has doubled the plan allocation for power sector from Rs.2200 cr. in 2009-10 to Rs.5100 cr. in 2010-11. On the other hand, development of rural infrastructure remains a high priority area and so it has decided to allot Rs.66,000 cr. for Rural Development alone. All these developments augur well for infra companies like TCL. With a fat order book of Rs.1500 cr., the company can easily grow at 30-50% CAGR over the next couple of years. In order to fund its projects & working capital, TCL had raised around Rs.30 cr. through the FCCB route in FY08, to be converted into equity shares at Rs.140 each. For FY10, it is expected to clock a turnover of Rs.475 cr. with PAT of Rs.18.50 cr. This translates into EPS of Rs.13.50 on its current equity of Rs.15.60 cr. and EPS of Rs.11 on its fully diluted equity of Rs.18.50 cr. Although its valuations does not look cheap at an EV of Rs.450 cr., still long-term investors can buy at corrections as this infra company is expected to record healthy double digit growth in coming years.
Source: Internet (Moneytimes)

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



free counter