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buy on dips
Posted by :
JoosYou are really Naughty, y`day U said sell immediately, it will comedown to 255, then buy. Now with one day bounce back U r saying, upward rally has started, start buying. Any basis!!!!. My avrg is 307 should I hold or sell....
buy on dips
Posted by :
NAUGHTY007as recommneded sell immediately to protect ur capital-dont buy at this time-buy when mkts stabilise and sanity returns- agood level is around 255...
sesa goa
Posted by : saraved
Corporate governance and accounting risks resurfaced last week in India giving investors a minor scare following investigations launched by regulators into two listed companies.
The Ministry of Corporate Affairs in India has ordered an investigation into the affairs of Sesa Goa, a unit of London-listed Vedanta Resources. The scope of the investigation includes reviewing the state of affairs of Sesa Goa and its subsidiary, Sesa Industries (SIL) in respect to mismanagement, malpractices, financial and other irregularities.
The investigation must be completed within six months of the date of the order, which was issued on October 23. Not surprisingly Sesa Goa’s shares fell 12% on October 27 on the news.
However, it seems to have been a case of the market overreacting to the situation as was borne out in the days after Sesa Goa clarified the situation.
Sesa Goa said it believed the investigation originated from the complaint filed by one of the SIL shareholders against SIL, the company and their directors in 2003 prior to Sesa Goa’s acquisition by Vedanta in April 2007.
Its share price rose 7% on October 28 and was up 1.5% the day after. By late afternoon on October 30, it had risen another 4.42%.
Sesa Goa’s US0m outstanding CBs, issued in late September, mirrored the share price movement, falling initially to 97–97.50 early in the week before coming back up to about 98–99.
“Initially there was a worry that this enquiry is something really serious but it seems like there is little substance to this investigation and it pertains to an old case,” said one analyst.
Indeed, CB investors were appraised of the case, which is very old, in the prospectus, said a banker close to the CB. The bonds settle on October 30 and although there were initial rumours that some investors were developing cold feet, they ultimately decided to stay in the deal.
The shareholder complaint is about the scheme of amalgamation of SIL with Sesa Goa. On December 18, 2008, the Bombay High Court approved the scheme effective from April 1, 2005.
However, following an appeal by a shareholder the approved scheme was set aside by the Bombay High Court through an order on February 21 2009. Sesa Goa has appealed against the order.
copied from google finance
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Whats up with Sesa Goa
Posted by : rajkishore420Yes I agree. You see the entire telecom space. Things have changed such a quick time that no one have even thought of. There is no other choice but to wait till a rebound in the sector even it takes a long time....
Whats up with Sesa Goa
Posted by : rajkishore420
Pratap,
You see the present slide is stupendous.The magnitude of the fall is more acute than the magnitude of the rise. I feel we are at the verge of ending the fall. If market does not support till the afternoon session of Tuesday then think of exiting the market. Regarding specific stocks, the result is good in banking space. So it will be better to wait till the slide of the market stops....
what a resilience-dont rely on paid tv channels-use ur mind-even if fraud is seen for earlier yrs-who will be responsible-the old mngtt and not the present-enjoy-buy on each dip...
buy tomm for bounceback-thank god us and europe r decent up......
Whats up with Sesa Goa
Posted by : utsahwhat is the potential downside for this stock?...
Whats up with Sesa Goa
Posted by :
dixitr
Dear Raj
Today Onmobile reached the range which no one expected.Now what you think about this Onmobile.
R.K.D....
Whats up with Sesa Goa
Posted by : rajkishore420Buy Bk. of Rajasthan, Yes bank, OBC, Canara Bank and Karnataka bk. on dips and in a systematic manner....
Whats up with Sesa Goa
Posted by : rajkishore420I could not follow your message....
Whats up with Sesa Goa
Posted by : rajkishore420I am neither a believer of SBI nor ICICI. If you want to buy I recommend you to buy Bk of Rajasthan, Yes bank on dips, OBC and Karnataka Bk. slowly on dips. I mean you should not buy once but buy systematically on dips....
2morrow is good buying oppertunity ksera sera for its good results
Posted by : seenudonhello friends, i like to inform you that ksera sera has posted very good results, if you like to buy this stock pls buy in the morning trade before down circuit breaks for the short term, target will be decided early ..........
Whats up with Sesa Goa
Posted by : pratap1298
Dear RajKishore Sir,
Can you please recommend some specific stock to buy? Whether we should wait for correction to stop or we should enter on any decline. By the way since last week we are seeing continous decline.
Don`t you think we should exit now and pick up when market start picking?
Please give your views
with regards
Pratap...
Fire without smoke ?
Posted by : karshin
yes one should know the fundamentals well But funda is above fundamentals. Fundamentals of Satyam were excellent but funda had eaten away the fundamentals.
karshin...
