Stay away from scamster Satyam. The SEC will hammer it down by class action lawsuits in the US. See losses of billions of dollars. Other opportunities exist in the market even at this time.
You admit that you sold out satyam and is now looking for opportunity in other shares. So you have discarded Satyam. So what difference is there between your stand and that of Streetking. MAy he put it out differently.
Dear Goldfinger
Every one will have their own strategy in the market and
IT IS NOT A SIN TO SELL A HOLDING- AFTER ALL I AM HERE TO MAKE PROFIT AND NOT MUCH GREEDY.
SELLING DOES NOT MEAN DISCARDING-
It is the question of expression that counts on the message.
Thanks for understanding.
Cheers
You must appreciate my admission of selling in this common forum- just to update those who followed me and i will be doing injustice if i do not disclose. Hope you can understand.
We thank for your advice in Satyam as I am sure that lot people made profit like I did. Yes selling with reasonable profit is what people should do because this is place if turns around cause misery.
I don`t believe you read my original post properly. I am not recommending Satyam as a long term bet or even a medium term one. Simply a quick short term bet to make money. You may take my free advice and take the chance to make good returns or you may not. That`s your choice. However, why don`t you pick a share and lets see in a month or two which one appreciates more. Satyam may appreciate quickly within a couple of weeks to about 130 or even 140. Then I would recommend immediately selling it NOT HOLDING IT. Do you have such picks that can go up in the very short term. If so please write their names.
It is really difficult to find another share like Satyam has moved - from 20s to the current level with six to seven months and still some steam left which may take it to 150 level by the year end. Anothere share which can give somewhat similar type of returns may be IFCI and may be SAIL also.
Tech Mahindra is currently 42% of Satyam and SEBI seems to have waived off the condition for them holding 51%. They may buy the remaining 9% at later stage.
no currently tach mahindra has not even 30 %.they are totaly at back possition they will totally get 38% of stack bcz of stayam share hike.and it will not going to accuire 51% if mahindra will do they will have liquidity crisis.and think if tech mahindra withdraw from its possition then what will happen to satyam.
1) Mahindra has the option to acquire the required number of shares via preferential route at a rate of 58Rs/share to reach 51%.
2) The question of Mahindra withdrawing does not arise.
3) If a company like Mahindra makes an investment at a rate of 58 Rs per share, they are not trying to double or triple their money. They are in it for the long haul and for making at least 10 times or more. In a way, they already got most of the money they invested in Stayam back via the apprciation in Tech Mahindra`s share price.
4) If people want to keep a long term horizon of around 5 years, I won`t be surprised to see they making 10 times what it is today.
5) Wipro and Satyam should be more or less in the same price bracket. It could be about 1/4th of the Infosys share prices once all the dust settles.
Taking profits is always a smart move. However, you will be losing about 25 to 30% in income tax it self. If you can afford to hold till at least one year from the date of purchase, that would be better in terms of overall profit.
Disclosure: Long (Definitely more than 1 year. 5 years or 500Rs) whichever comes first. I may consider taking some profits if it reaches 300 any time after July 2010 as I will get the advantage of LT capital gains.
I haven`t studied SAIL but certainly it can go up. IFCI is a tough one to predict. There are quite a few speculators involved here and the share could go down to 45 in the short term and may even go up. Difficult to predict this one. I was only recommending Satyam as a very short term bet (around a month or two at the most) where one could get 20 to 30 percent returns maybe even more.
| NIFTY 
