India stock news

Follow up on WTVI.PK (Wi-fiTv.com) and other stocks.

So far I was at least right about choosing to sell when I did. Sure I could of made a bigger profit, but that wasn’t my goal. My goal was to get in and get out. If I’m wrong will all my profits be gone and my initial investment? Highly likely. If Wi-FiTV.com Feb 19, 2007 shows a good product I plan to buy back in at a higher price because then I feel the company has some to generate money with. I actually like the idea of it being the first Hispanic video social site. This is more interesting then being the first wi-fi tv like site since there aren’t any sites offered services to hispanics out there. I’m not surprised to see WTVI traded over 75 million shares today, which many of those selling off the stock because if they were all to buy it would of been in the teens (cents). If you have already sold pat yourself on the back. If you are holding on for dear luck well then to the best to you. I hope you make a million bucks, but I’m not sorry if you don’t.

Since I’ve been on the mid-watch and stayed up just to finish this post I see WTVI did another press release (of course themselves not an outside source) on updating there site here. This is definitely going to spike the penny stock again. I notice it says “1000 new personal pages”, but what about just uploaded video in general; is there a limit? A standard in $25,000 stations? I really don’t think they get it yet. There is nothing about formatted tv shows or anything new to keep visitors on the site. Personal pages are only as good as the site is. I’m curious what the site will show in its “sneak preview”. I think a lot of investors currently buying shares aren’t even young enough to “know” what a good social internet networking site is to a young person. This is a problem. Hahaha. It’s even funny. If you are an investor do you have a myspace.com page? a youtube.com page? a friendster.com page? a hi5.com page? AIM? hahaha..well if you don’t then sign up and test it out and compare it to wi-fitv.com after Feb 19 then you will know if you have a great investment or not. Here are some charts below (click to enlarge).

WTVI Weekly Stock Chart

WTVI weekly stock chart

WTVI Daily Stock Chart

wtvi daily stock chart

Other stocks I’ve been watching I think are about to move up are MA, CAT, and BA.
All three companies are in an accelerating growth sectors either breaking a large downtrend or
slowly pacing its way up through solid earnings growth.

MA Daily Stock Chart

MA daily stock chart

CAT Daily Stock Chart

CAT daily stock chart

BA Weekly Stock Chart

BA weekly stock chart

BA Daily Stock Chart

BA daily stock chart

To end this post I found this really interesting news article on CPTH.OB talking about cellular phone subscriber growth in India. I was actually searching if Idea cellular has a stock symbol and was traded, but from my research and knowledge it doesn’t (If I’m wrong let me know!). I’m almost 100% certain I’ve come across this Critical Path company years ago researching stocks. Looks like it has plummeted to a super low. If this article is correct and reliable then CPTH could easily having a great quarter now that Idea Cellular is its biggest customer. They should make a profit with all those subscribers and turn into a profitable company again. I’m going to email the company and see what their plans are. It currently trades at $.13 cents. If Idea Cellular was publicly traded I’d really be interested in it. Another broadband service in India currently traded that is receiving tons of growth is SIFY. See charts below. (Click to enlarge)

Telecommunication Plays in India:

CPTH Weekly Stock Chart

CPTH weekly stock chart

SIFY Weekly Stock Chart

SIFY weekly stock chart


INP ETF Fund & ERIC Technical Analysis

India has been growing as an emerging country and starting to put in place the technology that will turn it around. Broadband internet is being placed throughout India. Wi-Fi cafes are becoming a hit and if the country does anything right we should see continued movement upwards in this ETF fund INP. A specific wi-fi company in India is SIFY.

INP Weekly Chart

INP week stock chart

INP Daily Chart

INP daily stock chart
________________________________________________________________________
2/23/07 Recent INP has broken through it support level around $53 and trades a little over $51.
All charts show it going down further until the downtrend is broken.

Another stock riding the internet technology wave is Ericsson Co. a telecommunications backbone company that provides 3G wi-fi services and networks. It’s earnings is April 24, 2007 and it has a solid trend up. It also has a low PEG score of 1.38, 13 Fwd earnings, expecting a surprise with increased earnings guidance.

ERIC Daily Chart

ERIC daily stock chart

ERIC 233 Minute Chart

ERIC 233 minute stock chart

It seems technology hasn’t been fully bought expecially telecommunication stocks. I believe this tech sector will gain the most this year just because for its growning need for this type of technology, positive news, analysis are buying it, the big players are putting their funds into it, and wi-fi/wireless/cellphones are the biggest trend right now. SIFY, ERIC, and ANAD seem like great plays. I don’t see any trades on any of the ANAD charts currently. It just received an upgrade and its speculative if the stock will show a profit this earnings. A big investment firm believes in it and it is a major player in the 3G and wireless technologies. Most of these stocks or competitors with these stocks offer leap year options for 2008 and 2009. I’m definitely considering just buying 10 contracts for 1 or 2 of these companies and not trading for the rest of the year. If companies are regular purchasing into the companies the stock should continue to trade higher, get upgrades, and the way the trend is setting the place for a wi-fi life profits should follow.