Tuesday, November 18, 2008

Still stuck on the CAT....

Spent more time on cat 2008 analysis
I guess scores vary a bit depending on which answer key is used!!
TIME: 29/45/66 total 140 required 18/28/42/120
Career Forum: 29/45/66 total 140 vs required cutoffs 28/32/46/116
IMS: 29/45/66 total 140 vs required cutoffs 32/32/46/120
CL: 29/45/56 total 130 vs required 30/26/44/121
PT: 29/45/66 total 140 vs 39/29/47/115

I think clearing the cutoff means 1 call and every 4 pts above the cutoff could mean one additional call.
Usually 24 pts above the cutoff would mean almost all calls.
Screwed by quant I suspect... I probably have the basic cutoff for all iim's except A/C
Lets see what happens.

Anyway, getting back to trading: I will post a good chart soon , I promise :)
Just waiting for REL to confirm eod low.
I don't wanna analyze 20 stocks and make 50 trades. I just want one big move for december.
Its the big inv hns patterns/double bottoms etc that I talked about earlier; REL will give the best setup of all.

CAT 2008 written test is over, but I'm still not quite over it.

                      QA DI EU OVERALL 
Your Score 29 45 56 130
Predicted CAT %ile 87.62 97.56 99.4 98.48

I can't quite seem to get over the 98.4 pctilish score in CAT 2008. another 45 seconds/1-2 questions in Quant could have meant IIM A/B/C.
Cutoff for iim means around 97.5 pctile barely enough for iim i/k/l
a/c take in much higher scores 98.5-99.5pctile
(Even harvard takes in 95-98 pctile .... but india. of course.. 99.9999999 is what u need to win out here)

iim-b I guess is the exception as it pays more attention to work exp in its selection process.
Unfortunately for me. full time trading for 2 solid years counts as 0 years of work ex!!!
I wonder who would make a better asset manager 3 years from now:
Someone who spent 2 years in a cubicle at tcs/infy and then did an mba finance from iim??
Or someone who actually watched almost every tick for atleast 2 years, studied almost every significant theory on trading the markets and watched/traded one full bull/bear swing.

I think the avg placement salaries are bothering me along with possibly missing out on the 'iim' brand.

IMI avg : 9.89 lakhs, pctile : 94
IMT avg placement: 12 lakhs, pctile 95
Mdi/SPJain avg placement: 12.5/13.5 lakhs, pctile 96-97 (spjain pays more attention to work ex)
IIM I/K/L: 15 lakhs pctile 98-99
IIM A/B/C: 17.5 lakhs pctile 99 (iim b pays attention to workex)

I gotta take a break of some sort to get my mind off the CAT.

U.S bailout package

Keep an eye on news about the U.S 700 billion dollar relief/bailout package.
I have a hunch that some news on this front will will seal the lows for 2008.

Sunday, November 16, 2008

Raja vs Cat 2008

According to CL:
For atleast one IIM call:
QA:30
LRDI:26
EU:44
Overall cut-off:120

CAT 08
Name : RAJA Booklet No.: 222
Total Attempts: 55 Total Correct : 37
QA LRDI EU Total
29 45 56 130.0


Cutoff i.e 97.5 ish percenile 120-125
130 is probably around 98-98.5 percentile..
99 would have been nicer but oh well

Anyway this is all theoretical: final results sometime in Jan: Still going to need some serious luck to get an IIM (A/B/C) Call. Most likely will get calls from some one/2 of iim i/k/l and mdi/spjain/imt/imi.

http://time4education.com/cat2008/catanalysis_home.asp
http://edutalkindia.blogspot.com/2007/07/mba-cutoff-through-cat-score.html

I love the comment by Time4education:The set on ‘Share prices’ would have stumped anyone who dared to get into it.

The set involved analyzing intraday trading strategies of some fictitious characters and figuring out
a) who made profits if prices did xyz
b) what prices did based on which fictitious character's strategy made profits
Guess how I did on that set :D