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Showing posts from August 8, 2010

Good time to pick up Aban Offshore & Reliance for the long run

I have found Aban Offshore and Reliance to go into deep periods of consolidation and break out suddenly. I don't subscribe to analyst's call who have written off these scrips stating that these stocks have let off all the steam and there is no more momentum left in them. Well as that might be definitely true for the short term trader similarly for a position trader who is looking at a long term return I think the current prices for both the scrips are quite reasonable to acquire and hold for long. I think it is a good strategy to apply what I call a "ESIP" (Equity systematic investment plan) strategy on these stocks. You can continue to buy these stocks in small quantities whenever they fall to a reasonable price and after a certain period of time you should hold a good position on them at an average price thereby absorbing fluctuation in prices. Aban had hit the bottom post the bad news in the recent past involving it's debts and wreckage of one of it's rigs…

Ebay Global Easy Buy Independence Day Discount Coupon

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For those who don't know already Ebay is giving away 15% discount upto Rs.1000/- on Global Easy Buy. Global Easy Buy lets Indian buyers purchase items from sellers on Ebay USA online. Buyers will see a wholesome price for the item on GEB which would be inclusive of all price of the item, Custom Duties, shipping and other taxes.

You may use the following coupon code to avail of this offer FREEDOM001

Incidentally this offer is valid till 15th of August 2010 and is subject to several Terms & Conditions as mentioned in their website.