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.
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