04 January, 2008

Easun Reyrolle*

Sell below 346, stop 365, target 267-258-222
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5 comments:

Unknown said...

Ridiculous - the scrip can never go down to the targets that you've stated since its fundamentals do not merit a price below 300-325. A lot of value buying will come in if the scrip touches any price below 325!! What kind of an analysis have you come up wid??

- Punter

4/1/08 6:24 pm
Anjum said...

Thanks for your comment. 'Never say never .. in stock markets', thats my experience. There are dozens of scrips that do not merit the price they are quoting at right now but the fact is, they are ! And not too far back, in Oct 07, Easun was quoting at 250, so how come that price became 'ridiculous' now ?

4/1/08 9:11 pm
Unknown said...

I agree with you when you say "never say never" - but what I cant figure out is on what basis do you think the scrip will go down below 300? Is it just pure technical analysis?

5/1/08 10:36 pm
Anjum said...

The fact that you werent able to figure out the basis shouldnt have prompted you to label it 'ridiculous' in the first place .. and yes, its based on technical analysis.

6/1/08 4:25 pm
Anjum said...

Dear Sam,

Did you check today's low for Easun ? 260.10 on BSE ! And the so-called value buying wasnt to be seen anywhere. I dont claim to be 100% accurate but I do try and give an analysis that is as correct as possible, within the limits of my knowledge.

22/1/08 1:35 am

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