The other day I was watching CNBC the usual power breakfast show....I think it was friday morning...many analysts came on including our famous ashwani gujral. I was surprised when I found that most of them advocated BUY on dips in this market and were bullish when clearly market was to go down. I was wondering how many people would be misled by these recommendations and lose a lot of hard earned money. I have lost total trust, if any there was on these analysts so much so that, if they say BUY am sure market will tank and vice versa. Just wanted to caution followers of this blog to be wary of such elements. Also an update on the NIFTY short initiated yesterday, first target is around is around 4800. We can book once here and short again bounce (maybe a 50 point bounce?) and target 4480. As of now yes this low a target looks probable. Of course with time views may change. However, 4480 looks like a reality now...so be cautious if ure long...better exit or atleast hedge with NIFTY shorts......
Saturday, May 24, 2008
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2 comments:
yes, you are absolutly right and you must be knowing that there is already a case going against mathew easow as at a time when he was recommending certain stocks to buy he himself was selling the same stocks. these analysts are not at all trustworthy and one should never listen to those "guru's".they all are manipulator's and nothing else.
I agree with you about these. Well someday Ill create a blog to compete you! lolz.
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