9 FEB 2009

Today, the volumes of glodyne in BSE surged to 1.1 lakh shares while in NSE it was below 5000. This might be an all time high as far as trading volume on BSE is concerned. Perhaps it is due to the positive report from Reliancemoney. the stock was up 5 % on both the exchanges. 

I think once the entire floating stock in tghe hands of small investors passes into the hands of strategic long term investors, then we will start seeing reports in the media and the stock will start appreciating fast due to low2 floating stock,

180 X 1.05exp45 = 1617

Just as the price had continuously hit lower ckt for many days at a stretch, it might now hit the upper ckt continuously for many days. It just needs 45 upper ckts for it to reach 1700 which is the true price of the scrip in june 2010.

Maybe the mgmt colluded in hammering the price to increase their holdings . when they will need to go for a public issue, they will definitely ramp up the price.