Watching how markets work is fascinating. As Victor observes " The speculator hastens the price to its inevitable level ".
1. Bear Stearns : Market's Intution about impending revision in buying price of $2/ share proved right.However perplexing market's moves collective intution reflected in the market price reigns supreme.
2. Lobogala in Orchid Chem : Orchid Chem lost 50% in 3 days from Rs 240 to Rs 110 due to Bear Stearns collapse and hedge funds sale of stake. "Lobogola Move " according to Daily Spec is witnessed in the next one week as it retraced its path to Rs 240. Fascinating to watch second level movements in the market.
Tuesday, April 15, 2008
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