Sorry for the late update but there is not much to write today. As I had written in my comments yesterday, US markets moved up smartly on good earning news and so here our markets raced up on opening. This was what I was mentioning and so all stocks should move up smartly.
Teledata moved up smartly yesterday and today also it should close around 72 levels and tomorrow it should touch 80. I hope this happens but even if this does not happen, nothing to worry on this. You will get good value after demerger.
I hope every one of you is enjoying the ride. Catch you tomorrow with more news....
Wednesday, November 14, 2007
Market Comments - Bulls in Full Flow
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4 comments:
dear srikanth
firstly thanks for the support you are doing for the un initiated public about the stock market.
one suggestion. i know teledata is your most fav stock and mostly more money is invested in teledata, there are plently of other stocks to discuss. plz check in the last 30 posts, there is always a mention of teledata.
this undue focus on this stock tends into that there is a vested interest in the reco.
plz take this in the true spirit and i again thank you for the help you are doing.
regards
Sridhar
Hi Sridhar,
I invest in all stocks that I recommend and in fact GMR Infra is my favorite pick. Check my stock recommendations. I have invested in teledata also but not to a great extent as I have in other stocks.
If you see my stock picks, teledata is under speculative stocks list. The reason I was focussing on teledata of late is because of the number of questions and responses I have recieved on this.
As I invest in all stocks that I recommend, one should consider my vested interest in all these.
Thanks,
Srikanth
Sridhar...Compared to the scores of absolute inance bull calls in message boards and blogs - Srikanth is much more sane and sensible and in fact quite conservative. What is the big deal, if he has a vested interest? don't we have all?
This blog has a few readers and if all of us dccide and combine to buy or sell, even our major portion of holding in a stock like teledata, it will make a small percentage of the daily volume. Do you have any idea, how many thousands go around in this stock? It will be a mere drop in the bucket and folks like Srikanth can not swing it to their vested interest advantage, without volume. In anycase, all opinions are just opinions..and you can do your own research..
As far as teledata opinion, Srikanth has backed his statements with EPS and possible p;e of the demerger entities..take it or leave it..but don't crib Sridhar..
dear crik love
my point was that in all blogs he writes, there is always a mention of teledata. there is no need for such frantic 'buy' for any person in all posts. agreed that the website is his and he as a right, this desparate buy call on teledata in each post looks very very out of place.
a good advisor as Srikanth is turning out to be is to be less baaised on one single stock.
also as you have said, even if srikant shouts over roof tops and makes his signature tune 'buy teledata' it will not caause a infinetisimal dip in the teledata counter and he cannot be a market mover ever.
as i said before this should be taken in the right spirit so that more people will take advise from him.
regards
Sridhar
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