"And to ye all" he said...,"for the nonexistent avid readers of this blog will remember, that it had been predicted that Air-Deccan stock might carefully rise, and lo and behold, risen it has. For this is the proof you need of my existence. " thus went the stock broker's ghost.
"But carefull", said he who had been present through the crash, "all it takes is one crash, metaphorical or otherwise".
The aerospace sector is in a boom, but profits are low, and growth is high, so costs are huge, would I hold on to my stock????? Well lets say this, Rs 110 could be a good bail out price in the current (hopefully long lived!*) bear run. (And rs 100 or below is definatley a jump in price)
Thus endeth the stupidity...
*Long live the corrective bear run, at inflation touching 6.5% all stocks could be ovepriced, plus one needs a break in point!
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1 comment:
Good for people to know.
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