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trading of satyam shold be postponed or not ?

Surendra (tax consultancy) (146 Points)

09 January 2009

what should be ? trading of satyam on friday or till the checking over postponed or not ? in my opinion trading must be suspended, because in trading price of satyam must be fall. and it is not positive sign for investor who hold the shares. in panic all of them want to sell out whatever prices they achieve. so satyam is kick out from nifty and sens*x is a good decision. but trading must be suspended till the 10 th of jan .ie the board meeting

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7 Replies

Prakash Popat (3134 Points)
Replied 09 January 2009

No,Trading would not be suspended and shake Investors confident further,instead circuit filters of 20% might be applied.

Mayank Mehta (Student) (383 Points)
Replied 09 January 2009

still if the circut is provided than also than also the market position goes worst....

Sameer Medhekar (Student) (4140 Points)
Replied 09 January 2009

No trading of satyam should not be postponed

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)
Replied 09 January 2009

Satyam trade should be stopped as in present situation many investors are playing speculatiously and no one can predict the future of satyam.

Pratik K (Student) (3406 Points)
Replied 10 January 2009

if Trading was stopped no retail investors can exit from the stock

hence I think decesion of not suspednind trading was good but

If SEBI stops the short selling in perticular stocks after loosing more than 25% then t will be the great to real investors.

Kyun ki jab stock ne 125 RS. support level toda tabhi short selling itani jyada badh gayi thi ki dusara support level aata tha Rs.98 ka vaha per to stock jara sa bhi nahi tika sidha chala gaya Rs.30 pe

Pratik K (Student) (3406 Points)
Replied 10 January 2009

however last support for that day seems to be Rs.38.

lekin short sell itna ho gaya tha share ki last support level ke niche bhi 30 tak chala gaya.Aur fus gaye retil investors jinhone 30-35 me becha aur leliya short sellers ne.

what a bad day for investors....!

Prakash Popat (3134 Points)
Replied 10 January 2009

In a place like INDIA, Where unfair umpire got promoted,shortsellings permitted to such an extent that shaken INVESTORS CONFIDENT so BADLY,that this kind of FINANCIAL TERRORISMS have much larger impact on the INDIAN ECONOMY.