Lot of trading activity around QIP theme in the market today 30/6/2009. Nice article on trading secondary offerings on www.smbcapital.com/blog .
1. HDIL selling off from important price level of 260.
2. I've seen how traders disregard risk and concentrate heavily on one scrip tempting the BlackSwan.
3. Too many instances of mistaking Correlation for causation.
4. Taking anecdotal evidence as definite relationship in the market.
5. It is unnecessary to search for reasons in the market which are evident only expost.
