like the legendary pole vaulter Sergi Bubka who used to set a new world record every other day,MphasiS sets life time highs every other day.even when it fell over 1%yesterday it had touched a high.scared to book profits
dear Gulkima,
not exactly sure.but i think a correction was expected and very necessary for this stock.you see it had run up from 165 levels
on the 2nd of march to almost 800 levels the day before (ie)almost 450%in 9 months.don`t you think that it needs a little bit of rest,some profit taking so that some fresh investors can enter the stock.If you are a long term investor say about two years just forget about the stock after buying it.i entered at250 levels,sold ,re entered booked profits and then waited for a correction.when it fell 5%day before bought some more,when it fell4%yesterday still bought some more and even today picked up some more.i won`t give you a target because i am a person who never sets targets.I like the company and it`s prospects,I buy.am very sure you won`t regret after 2 years.Tell you for a fact you will be thanking me.happy and joyful investing.
nb:even if it falls again i am ready to buy for the simple reason you might never get an opportunity again