Satyam (SAY) - Traders Hideout | futures io social day trading
futures io futures trading

Satyam (SAY)
Updated: Views / Replies:2,721 / 5
Created: by Big Mike Attachments:2

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Satyam (SAY)

  #1 (permalink)
Site Administrator
Manta, Ecuador
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 46,926 since Jun 2009
Thanks: 29,917 given, 86,939 received

Satyam (SAY)

Late last year I made some good money on SAY. I happened to have got out the day (one day!) before the scandal broke. A friend was not so lucky and lost thousands in his overnight position.

Lately this stock has been on the rise again.

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

It is a well known company with a lot of employees and a lot of contracts. I haven't been keeping up with how many of those contracts they lost after the scandal, has anyone else been looking at this?


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Attached Thumbnails
Satyam (SAY)-say-sharpcharts-workbench-stockcharts.com_1246168645282.png  
Reply With Quote
  #2 (permalink)
Elite Member
Calcutta, India
Trading Experience: Intermediate
Platform: ArthaChitra
Posts: 278 since Jun 2009
Thanks: 161 given, 264 received

well overall looks like satyam has been saved. there has been reports of customer leaving etc but overall things are not that bad going by media reports.

btw satyam has been taken over by tech mahindra.

this article was published in the economic times (leading financial daily from India) on 25th June 09.


Reply With Quote
  #3 (permalink)
Trading Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures/Transact
Favorite Futures: ES
Maletor's Avatar
Posts: 88 since Jun 2009
Thanks: 7 given, 26 received

Not sure about the fundamentals, but is that a wedge or am I seeing things?

Reply With Quote
  #4 (permalink)
CL Assassin
Near Dallas, Texas, US
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: ZenFire
Favorite Futures: CL
Gary's Avatar
Posts: 1,070 since Jun 2009
Thanks: 504 given, 2,233 received

Damn Satyam..

Reply With Quote
  #5 (permalink)
Elite Member
Trading Experience: Beginner
Platform: NinjaTrader Interactive Brokers
Favorite Futures: 6B
Posts: 225 since Jun 2009
Thanks: 135 given, 270 received

I don't dig into fundamentals too much but it appears the street was virtually pricing in bankruptcy after the scandal. The price action as of late seems to be taking bankruptcy off the table. I'd possibly look for a pullback to the 20 SMA with an oversold stochastic that begins to turn up. Then target the gap fills at 4.40 and 5.80 the perhaps the 200 SMA. I think it looks good I'd just want a bit more of a pullback. If it fails to hold the 20 SMA and makes a lower low under 2.50 which should also coincide with losing the 20 SMA then it probably wouldn't be a bad area to stop out. Just my 2 cents.

Reply With Quote
  #6 (permalink)
Elite Member
Calcutta, India
Trading Experience: Intermediate
Platform: ArthaChitra
Posts: 278 since Jun 2009
Thanks: 161 given, 264 received

this is how it cracked when the news came in from 180 INR to 30 odd bucks when the market closed.

the first support came in at 85-90 bucks (stayed there for 5 odd minutes) after the news broke. the current rally seems to fade off at that level only. made a high of 88 and now quoting at 72.

Attached Thumbnails
Satyam (SAY)-satyam.png  
Reply With Quote


futures io > > > Satyam (SAY)

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!


Trading Resolutions for 2019 - Avoiding Mistakes w/GFF Brokers

Feb 19

3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21

The Driving Force Behind the Market w/Earn2Trade

Mar 5

TBA w/Stage5 & iSystems

Mar 12

TBA w/John Grady @ No BS Day Trading

Mar 19

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26

bankruptcy, es, futures, price action, sma, stochastics, support, wedge

All times are GMT -4. The time now is 05:47 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2019-02-19 in 0.20 seconds with 14 queries on phoenix