Thursday, February 5, 2009

PATIENCE

Despitethe fact that Glodyne has come out which such fantastic results, its price keeps on falling. I think this is basically because of irrational fears in the minds of investors regarding  pledging of promoters quota shares .Moreover looking at the volumes, there might well be some unscrupulous brokers or investors pushing the price down by buying and selling  among themselves, so as to frighten the retail investors into dumping their shares. If a seasoned investor like me can feel so frightened, then what can we expect from poor retail investors  in the current environment.

It might also be the final bear charge before the tide turns due to a positive budget. Once the tide turns, it takes just 30 sessions of 5 % growth in price , to more than quadruple the price.

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