3 Feb 2009

Glodyne seems to be going through  a consolidation phase. It is trying to stabilize around 175.  Once its price band changes to 20 % , then it will take just 4 days for it to reach 310. Subsequently it can reach 600 in just 15 days. 

I think the pullback to 600 will also be as sharp as the downfall was, once the annual results are out, hopefully with some positive news of it taking over a company in the SOC space and once the new government is in place .

Anyhow I should never lose sight of my target of retaining just 15000 shares and selling the balance for a realization of around 40 to 50 lakhs. The 15000 shares that I retain can then be sold later for a net realization of at least 3 to 4 crores.