Dear Members, when there was a fall in Satyam stock price during the Maytas Deal, many brokers n technical analysts n market researchers said to buy Satyam for quick returns. But i always said to remain away. Many of the members asked me why did i say not to buy when the share prices went up by 8%-10% for 3 days i.e from 130-180. Everyone was driven by the talks n speeches of technical analysts across India. I was continously saying all my members to remain away n i m really happy tat no 1 of my members are really stuck in satyam now.
Now everyone will start reporting something or the other after the disaster. 5-6 committes will be set n they will investigate the reasons n 1 fine day the matter will be closed. This day is the worst day for Indian Corporate Sector. Although the share valuations may be near 25-27 but its has potential to fall toRs.2 - Rs.5/-
