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.

Some of the Stocks not to Buy at this moment

48 sec read

This is a falling market. And I is the wise to buy in this falling markets. So If you plan to allot your money to invest in some of the scrips at this moment.
then be sure that it is not in the following list
 
1)Development Cr Bank
2)Spice Mobiles
3)Prajay Engineering
4)Edelweiss Capital
5)KPIT Cummins
6)Anant Raj Inds
7)Pioneer Embroideries
8)GTC Industires
9)Prithvi Info
10)Champagne Indage
11)Orbit Corporation
12)Godawari Power
13)IOL Netcom
14)Aztecsoft
15)West Coast Paper
16)Indo Asian
17)Consolidated Constuction
18)IVRCL Infrastructure
19)Spice Communication
 
 
The Reason behind is simple. All the above mentioned stocks are holded by the FII Hedge fund –  Lehman Brothers Holdings.
But unfortunately Lehman Brothers Holdings Inc.'s balance-sheet troubles threaten to harm the wider financial system unless the bank
takes decisive action, the Wall Street Journal said in its “Heard on the Street'' column( June 4,2008 : Source Bloomberg : Article
Lehman Brothers May Have to Put Itself Up for Sale, WSJ Says ). So a heavy selling pressure may witness in this stocks as the
company is likely to report a second-quarter loss this month, may be forced either to sell all or part of itself to a bigger financial firm or
sell a large quantity of new shares.
 
 
Regards,
Rajandran R
Author – Market Calls
 
 

 

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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