Saturday, August 29, 2009

Opening Jump and Noise Trading

Abstract:
In this paper, we provide evidence of a chronic crisis syndrome that is present in the Indian stock market, in that we find that the opening stock price contains noise on an everyday basis. That is to say, there is a ``crisis'' brewing in the market every morning, because prices have deviated from fundamentals, i.e., from where they ought to be. However, we also find that the impact of noise does get eliminated from prices at the end of the trading day, which says something remarkable about the price discovery process inherent in the trading mechanism at work in India. We show how these seemingly contradictory twin empirical results about the Indian stock market can be reconciled in the framework of the Noise Trading Model proposed by Kyle (1985). Furthermore, we show how to come up with a simple trading strategy that makes use of the noise in opening prices and demonstrate that it is indeed highly profitable.
download full paper

Tuesday, August 25, 2009

Tada Waterfall- reloaded




On the night of Independence day (15th August 2009) most of the available room mate are started drinking and they started discussing about tour for a day. Most of the time we plan for different places and it never happened because it is very difficult to meet everyone in the room for a day. Now we have five members and we decided to go to Tada waterfalls and it is around 90KM away from Chennai . We took train form Central railway station to Tada railway station. We asked auto guys how much they will charge from the railway station to the falls, it is around Rs. 400. Since we didn’t had the breakfast we went to the town for the breakfast, Dosa and vadacurry (which is supposed to be good in Tamil Nadu). One of the local guy asked us to take bus to some place ( I don’t remember now) and take auto from same place. Auto guy took Rs 150 to the falls, where we have to start walk around 3 KM , before that it was around 6Km, two years back I went the same place along with my class mates at IFMR, now there are lots of changes on the way to falls. We reached place where there are big rocks where I stopped on the last trip. But Mr J curios about climb the big rock and we reached the top of waterfalls, and there was a pond where we took bath.

Sunday, June 21, 2009

Arranging the stock price for event window

Please go to PhD freaks portal for details
Function test_adj(date1 As Variant, match, price, eve)
'Created by C A Yoonus and Surender Komera

Dim m, n, i, j, b, c As Variant, t, k, d
t = 1
m = Application.WorksheetFunction.Count(date1)
n = 1
ReDim b(n)
ReDim c(t)
'test_adj = m

For i = 1 To m

b(i) = date1(i) - match
n = n + 1
ReDim Preserve b(n)
If b(i) = 0 Then
j = i
End If
Next i


For k = j - eve To j + eve
c(t) = price(k)
t = t + 1
ReDim Preserve c(t)

Next k

d = Application.WorksheetFunction.Transpose(c)

test_adj = d







End Function

Monday, June 15, 2009

The Sunday Shopping

On Sunday , I got up at 10’o clock in the morning, most of the room-mates went to church for the Sunday prayer. I went to have tea with Mr J , he said he know new hotel where we can get good Dosa. We went to the hotel , but food is not ready. They said , they will provide home delivery also. We took phone number from them and came back to home. Later Sweet candy got up and we plan for shopping after the lunch. We ordered for the lunch from the same Hotel, Chicken Biriyani, Chicken Fried rice and Chicken noodles. Myself and Mr J had the Biriyani, Mr Hot had the noodles and Sweaty ate the Fried rice. It was cheap and good quantity , that filled our stomach . After food others slept and I start watching TV, now its around 5: 00 PM , I went for a cup coffee near shop. I had a filter coffee and came back and at the same time Mr Sweaty is ready to go the shopping. He want buy some wedding gift to his sister’s “sister” that is she is different, I mean the first one and second one comes a way with first one. When ever we go shopping we can predict what he going to purchase, once he start looking for it. He looks all over the shop and spend lots of time make decision, but at last he buy one which is he took first time and bad stuff. This happened almost all the time. We took share auto from near home and went to Santhosh super store. We went to wedding section and started searching, by the way he looks into some gods photos first and starting searching all over the shop , here and there , twice or thrice ,I didn’t count , if we measured the distance it comes around 5-6 Km. As I said he is predictable, he bought the one , which he saw first. After the shopping we went to dinner , a new hotel and had Fried chicken and Burgers. It was nice, the dinner . ..:)

Tuesday, May 26, 2009

Monday, May 11, 2009

Ikki’s first bet

We are watching IPL season 2 , good compitation between Rajastan royal and Chennai super kings, between Ikkilikuttan play the songs “Aaj ke rat” in his mobile .

Sweet candy: Who is hearing this song?

Sweet candy is busy with watching a movie in his laptop when we watching the cricket. He uses his headphones to watch the movie, so he doesn’t the problem. But when he hears the songs loudly coming from Ikkilijuttan he shouted at him.

Ikkilikuttan said , It is a songs from Slumdog Millionare, I am not sure of that and Mr Hot is come into the play and he said , No , it is songs from Don. But both of the people not ready to agree with any other opinion and they stuck with there decision. I came between and ask them for a bet. Ikkilikuttan come with good amount for the bet with Mr Hot, which is surprise for everybody. Since Ikkiliuttan coming with such a bet and Mr Hot agree with that. We asked Mr Sweet to search in the net to find the songs details. He connected to the internet and search for the song “Aj ke rat” and searching engine saying the song from “Don”. But  Mr Ikkili said it is not possible, so we search for the list of songs from “Slumdog Millionaire”,  in this list it shows the 9th songs is “Aj ke rat”. At the end nobody win or lose bet, our effort are waste and still we have unsolved puzzle how this came in two different music directors in different films. 

Thursday, April 30, 2009

The Night at Big Brother’s Room

There are plenty of stories what happened at the night in the party room from different people, still I don’t have any idea to whom I believe. Most of them drank and completely out of mind and still say that they knows everything what happened. The story is coming from one 100 percent fit guy. Mr J starting laughing for any talks and he say all most all the time “ I am sorry , please chodu do muche”.  I have mentioned lots of experience with Big Brother once he knows what’s going on around the world. Once he is out of his mind the things become more complicated, he become angry and I heard rumor even he is ready beat somebody. Next day morning I called him and asked whether you going for a job or took off today ?. Still he can’t answer my question and get up. I think he tired of his last night party. He is the guy work for his company for a day and night and even customers call him in the mid night where everybody at tight sleep. Therefore everybody knows how tired he was and on that day morning. I have to go to office its tool late, most the time I get late to get up. I took share auto went office for the day.

There are tons of funs I like explain when travel using share auto.

Tuesday, April 28, 2009

A Big Party at 120/1

I started with mistakes and there are lots of complaints once back home. So I like to reframe one of the sentences from the previous blog. Need to rearticulate the word themselves to others. That is other people called Malyalies as Mallu and it is not a short form for Malayalies.

For last three year we have been staying in our house, I mean the rented one, bachelors which I don’t want to explain details here. Today we got change saying only bachelors stays there. The Extrapolator got married two weeks back and came to home, 120/1 Saptagiri Colony, today.  In general we will have party for each function since the Extrapolator changed his bachelor degree he ready gave us party. But there is small dilemma, the Wanderer want to catch his train by 10:25 for a trip to Orissa. Ikkilikuttan ready change his timing for the party and we made it little earlier compared to as usual. So wanderer can enjoy the party and trip. Once he is back I will tell you lots stories about his wandering trip across India, It is not his hobby he has to go as part of his job, but he likes it.

The next question who is going to buy food and drinks, I am thinking about that. Wait a minute who is this , Mr Ext , Mr J and Mr Ikkilikuttan ready with food. There is hotel called Antony’s five star hotel and it is famous for chicken chilly and porato. We generally go there for dinner if we are not cooking on that day. Sweet Candy and I don’t know the taste of Brandy, so they bought us Sprite for a company to drinks with them. We started our dinner and chit chatting and gossiping as usual. Since Mr W want to catch the train we asked to stop the drinks. Suddenly Big Brother , “ Hi guys , if others drinks then there is no quandary with Mr W” . that’s why we call him big brother , nice guy with helping hand and lots of advice , I don’t whether he do it or not. If you are here for a night you will have very close relationship with Big Brother. Once of my cousin stayed in this for one day one of his trip to Andaman and next time when I met he inquired about Big Brother. It was very nice to talk with him. After the dinner Mr W left and started his journey and Mr Hot is late today. He went for a mallu movie, sorry Malayalam movie , called “To Harihar Nagar”. He also enjoyed the dinner once back to home. In mean time I went to see IPL 2 season cricket where KKR batting for a target score 188 from 20 over. I am back to my room but still others having fun next rooms, In view of the fact that I don’t know what’s going there I can’t write anything about that. I just went there said Good Night and back to sleep.

 

Monday, April 27, 2009

120/1, Saptagiri Colony

Hi Guys, there is lots of things happening in120/1 , sapthagiri colony for last 3 years. I thought of writing the real story long back and in a way I am not able continue with that. This is the time to start and make you aware of life great young guys from different part of Keral , they themselfs called as Mallu's . I hope you enjoy reading this blog and having fun. The members of 120/1 are Sweety Candy , Big Brother , The Wanderer , Extrapolater , Laden etc. 
Enjoy the truth of life