Yeahhhh !! Finally I have got some work now !!

CAUTION: read this article only if u understand how the INDIAN IT companies work!! particularly with freshers


For the first time after joining *A**A* (after 248 DAYS!!) i get a feeling that i am doing something useful and something which adds to my knowledge & experience!! yeah...i have been assigned some sort of work finally.
After completing 110 days of training and waiting almost 135 days for a role in a project to be assigned....finally my wait seems to be over now.

the saying "opportunities doesn't come to u,u need to create the opportunity" came true in my case.a bit of luck favored me(no denying that).but had I not put in few efforts to get some work this might have turned out to be a never ending saga.i am happy(at least for the moment) that i have finally got something useful. but i feel really sorry for all my batch mates who are still waiting...waiting...waiting... no clue when their wait is gonna over.the worst part of this pathetic situation is...our company is planning to re-train all my batch-mates in some other technology!!(i hope at least this works)otherwise..it takes 1 month to get re-trained on a specific skill and then at least another 1 month to get a project. so my company takes away 60 more days of their life.(good for ppl who dont want to work).

we used to wonder how a company can pay such a huge junk of employees who are not contributing to the growth of the company in any way(absolutely 0 % productivity & 100% salary). there are no less than 4000 employees at any point in time who are on bench for at least4 months..and on an odd occasion u will find that extending to even 12months!! gosh!! that was my first reaction...but slowly i got used to the circumstances. and it is no longer a surprise to anyone.

i have started working now!! yeah hard to believe...but that is the way my company works!! & they claim themselves to be one of the best employers in the country!!

Good Luck mates...LUCK is the only thing which can changes ur lives now!!

STOCK MARKET BLUES !!

I have been monitoring,tracking,tracing the stock markets and most importantly trading stocks for about 18 months now. But never did i felt so scary!!

Almost everything went right till july 2007.They kept oscillating but there were no tremors.They were shaky but every downfall was followed with a surge sooner rather than later.Though they were not highly consistent, they were moderately predictable.

Till date i heard various reasons which lead to the bloodbath in stocks.Be it bad corporate results or be it high interest rates,be it high inflation rate or be it bad monsoon season,be it change in our government or the foreign nation,be it economic crisis or be it political crisis.....the reason could be anything...practically anything... they have bounced back after a while.


But this time the scenario looks entirely different & the reason for this blood-bath is also a different one. This time it is SUB-PRIME MELTDOWN. Each time the stock markets have crashed they went down more than 4% each. The origin of this SUB-PRIME MELTDOWN is U.S. But the ASIAN markets are taking a deep DIP than the US or EUROPEAN markets!!! That is what stock markets are all about....the hit might be at one place but the pain will be at some other place!!! Not that NON-ASIAN markets have taken a beating but they have experienced relatively less pain than us.
To know more about this SUB-PRIME SAGA refer to the following links.

http://en.wikipedia.org/wiki/Subprime_lending
http://www.mtgprofessor.com/A%20-%20Type%20of%20Loan%20Provider/what_is_a_sub-prime_lender.htm
http://www.financialexpress.com/news/Subprime-meltdown/208033/

Each time the markets crash,one would have at least some idea that this might last for this many days.... but this time there is no such clue of what-so-ever!! I have witnessed only one such massive fall last season when SENSEX came down from 14500 HIGHS to 11000 LOWS in mid MAY to JUNE 2006. During this time SENSEX has recorded the biggest crash in its history.On 18-05-2006 it lost some 820 odd points!! & the second biggest fall(of 645 points) was soon after the 60th independence day(16.08.2007)!!! Great way to celebrate the INDEPENDENCE DAY!!

I used to hate SATURDAYS & SUNDAYS coz the markets will be shut-down these two days.But now I started liking them!!(I luv my money....!!!). I used to eagerly wait for MONDAY for the markets to open...but now i started to wait for SAT & SUN hoping at least on these two days some GOOD NEWS comes out & i can start off the week in GREEN.

Trading becomes a nightmare under these conditions.Good time to invest if u have money.Even a shorter to medium term investors could gain a handsome amount. But be wise while choosing ur stocks!! Of course no one is a master of choosing right stocks at the right time but still....with a bit of luck on ur side u can make merry(provided u have got enough patience to hold-on).

GOOD LUCK & HAPPY TRADING!!!