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Showing posts from September, 2009
Does Institutional Investors manipulate the stock markets?
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James River Coal Company (JRCC)
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It seems Oil stocks are gaining globally today, chances of JRCC being pulled up are strong for today. But its a good idea to sell this stock around $18 if you are in profits. I have seen this stock going to $17.7 and going back to $15.8. I am thinking of get rid of it some where between $17.5 and $18. Do you have any updates please let me know?
Oil India Ltd: IPO, Not for Me this time
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The IPO of Oil India Ltd with price band for the issue between Rs 950 and Rs 1,050 per equity share , opend on 7th Sep and closes on 10th Sep. I am not very keen on this IPO considering its high price and the recent trend of IPOs being beaten up by the Market. Its better to stay away from the IPO and then buy once price is settled after the stock distrubution!!