Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Satyam ADR Down 58%

22 sec read


 

Satyam stock listed on NYSE crashed, it opened with $6 from previous close of $12 and curretly trading near 5.3 (-58%) down

Reasons for  stock to collapse.

With the news of Satyam acquiring Maytas firm at price of 475rs , its very much obvious with such news investors would be disappointed, as real estate sector is under performing and Satyam showing big moves to buy out this company , it would be interesting to wait for the comments of Satyam’s CEO in case if any clarification comes. Also it has fallen with high volumes, spikes of about 400k volume hits.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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