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What's View on satyam , hold or sell ?

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Submitted by Anonymous on September 14, 2009 - 09:32

I have satyam shares @ 55...should i sell/or hold?


»
Submitted by girish on October 23, 2009 - 22:10. #

hold it and watch 124 on upper side and 110 on lower side........

 
Submitted by rahul das on September 15, 2009 - 03:31. #

Satyam had a great recovery from lows of 30 to 120 last week. Technically stock is looking strong in uptrend but there are two issues ..

1. Volume is drying.  That suggest no one is ready to take big position.
2. Satyam still need to prove that it can be a profitable company.

I think eventually satyam will come back, but may not be to same height as before Raj episode. The reason being satyam was not that profitable  at all. Mr Raju tried to show more profit than actual and that's how he pumped satyam stock up.

I would recommend that you sell around 40% of your holding at current level. and keep strict stop loss for rest . If stock falls below 100. Try to book remaining profit. I am no way saying that stock can not go up. But it's like gambling because you have no visibility on when will this company ultimately turnaround.

 

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