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07-01-2009, 02:33 PM
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#1 (permalink)
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Alpha Geek
Join Date: Nov 2006
Location: Mumbai <-> Pune
Posts: 527
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Buying Satyam stocks now. Good Option ???
Satyam stocks are below the 40 rupees mark. Is it a good option to buy them now ?
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07-01-2009, 02:42 PM
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#2 (permalink)
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Bad to the bone
Join Date: Dec 2007
Location: Mumbai
Posts: 647
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Re: Buying Satyam stocks now. Good Option ???
Don't touch the stock. If you must, consider it only sub Rs. 20. Trust me it will reach there.
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Twitter: @amitabhishek
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08-01-2009, 12:54 AM
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#3 (permalink)
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हॉर्न ओके प्लीज़
Join Date: Sep 2007
Posts: 1,493
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Re: Buying Satyam stocks now. Good Option ???
I am more worried about it being delisted.
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विक्टर रॅंबो - चाणकया प्रभावित व्यक्ति
गीक होना माँगता
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08-01-2009, 01:24 AM
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#4 (permalink)
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Google Bot
Join Date: Aug 2005
Posts: 9,772
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Re: Buying Satyam stocks now. Good Option ???
I would say go for it. It fluctuates a lot in a single trading session. Just buy at 40 and sell at 44-45.. Doesn't look like it will dive further down. Just a guess..
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My new blog: www.pathikshah.com
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08-01-2009, 06:29 AM
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#5 (permalink)
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It's true Im not confused
Join Date: Feb 2007
Location: Hyderabad
Posts: 347
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Re: Buying Satyam stocks now. Good Option ???
I would have gone for it now...but yesterday I saw in Zee Business that analysts are fearing the stock might reach near zero figure mark
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After the game is over, the pawn and the king go into the same box
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08-01-2009, 10:23 AM
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#6 (permalink)
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GaurishSharma.com
Join Date: May 2005
Location: Jaipur
Posts: 4,116
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Re: Buying Satyam stocks now. Good Option ???
Warning: DO not buy this stock, even it reaches Rs.10 levels.
It has been kicked out of nifty 50,chances are the company is soon going to be bankrupt.
So why would anyone with sane mind buy a sinking ship?
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08-01-2009, 11:21 AM
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#7 (permalink)
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In The Zone
Join Date: Sep 2006
Location: Bangalore but heart in pune :-)
Posts: 405
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Re: Buying Satyam stocks now. Good Option ???
Its kicked out of NYSE as well. Pretty bad
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08-01-2009, 03:44 PM
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#8 (permalink)
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In the Zone
Join Date: Aug 2008
Location: with your girlfriend
Posts: 491
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Re: Buying Satyam stocks now. Good Option ???
Quote:
Originally Posted by gary4gar
Warning: DO not buy this stock, even it reaches Rs.10 levels.
It has been kicked out of nifty 50,chances are the company is soon going to be bankrupt.
So why would anyone with sane mind buy a sinking ship?
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u mean the company is gonna close.............???????
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08-01-2009, 04:01 PM
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#9 (permalink)
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die blizzard die! D3?
Join Date: Aug 2007
Location: Event horizon
Posts: 2,361
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Re: Buying Satyam stocks now. Good Option ???
DO NOT buy satyam stocks even at Re.1,I repeat NEVER.
Instead you can try your luck at other IT giants like infy,TCS,Wipro for obvious reasons.I wouldn't get my hopes too high though.
Just hold your liquid money close to you right atm.Market is gonna get still worse before getting better again,3-4months henceforth would be the ideal time to buy real-estate IMO.
1.Don't risk your money unnecessarily,safer the better atm.
2.Borrowing is bad mkay!
3.Don't listen to other people(including me),do your own analysis and use your small brains in rather large heads.
Financial 'experts' is a cake that doesn't exactly exist.Its all you and your money.
__________________
Stealing your women and horses since 1843.
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08-01-2009, 04:55 PM
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#10 (permalink)
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In The Zone
Join Date: Oct 2006
Location: Bangalore
Posts: 429
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Re: Buying Satyam stocks now. Good Option ???
Buying a stock of a company which is going through tough phase is a good idea....but buying a stock of a company which is going to close down is NOT a good idea 
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08-01-2009, 05:47 PM
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#11 (permalink)
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Sami Hyypiä, LFC legend
Join Date: Jun 2007
Location: Нью-Дели
Posts: 2,138
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Re: Buying Satyam stocks now. Good Option ???
One Word...DONT
That company is doomed...
Unless the stock value gets to about Re1... 
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08-01-2009, 06:09 PM
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#12 (permalink)
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Alpha Geek
Join Date: Dec 2004
Location: Pune
Posts: 569
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Re: Buying Satyam stocks now. Good Option ???
for trading, yes, depending on your risk appetite.
for investing, NO.
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08-01-2009, 06:13 PM
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#13 (permalink)
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BE FREE
Join Date: Apr 2005
Location: Akash Ganga
Posts: 1,565
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Re: Buying Satyam stocks now. Good Option ???
definitely no, for sure it would be black listed.
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"To know that we know what we know, and to know that we do not know what we do not know, that is true knowledge." ~ Copernicus
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08-01-2009, 06:37 PM
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#14 (permalink)
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Alpha Geek
Join Date: Dec 2004
Location: Pune
Posts: 569
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Re: Buying Satyam stocks now. Good Option ???
with L&T upping its stake from 2% to 3.5-4% in last week and LIC having around 5-6% stake in the company i doubt the company will be doomed. but it will definitely require time to reorganize itself or merge with some other company.
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10-01-2009, 12:10 AM
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#15 (permalink)
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In the books..Studying
Join Date: Aug 2005
Location: Raipur
Posts: 140
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Re: Buying Satyam stocks now. Good Option ???
Its really sad to see satyam going down... 
IMO dont risk at the moment..Share will come down more for sure...
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10-01-2009, 12:20 AM
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#16 (permalink)
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हॉर्न ओके प्लीज़
Join Date: Sep 2007
Posts: 1,493
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Re: Buying Satyam stocks now. Good Option ???
Quote:
Originally Posted by kanishka
Its really sad to see satyam going down...
IMO dont risk at the moment..Share will come down more for sure... |
Come down, I think will be thrown out! Already thrown out of many!
__________________
विक्टर रॅंबो - चाणकया प्रभावित व्यक्ति
गीक होना माँगता
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10-01-2009, 12:46 AM
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#17 (permalink)
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Right Off the Assembly Line
Join Date: Dec 2007
Posts: 6
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Re: Buying Satyam stocks now. Good Option ???
Ramalinga Raju + his brother Rama Raju have been arrested today night....
SEBI + Andra Pradesh state gov. + CBI + Company Law Board + Registrar of Companies all r looking into the matter ...
Shares of Satyam have been removed/delisted from BSE n Nifty .
Company Law Board have removed Co's all directors n have placed 10 Gov. nominees instead of them ...
Let's see what is the future of such cos. now. Will anyone trust IT setor in future ?
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10-01-2009, 10:47 AM
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#18 (permalink)
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AFK
Join Date: Oct 2006
Location: Bombay
Posts: 1,599
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Re: Buying Satyam stocks now. Good Option ???
I doubt whether the company is bankrupt. The fraud was reported as they inflated profit margins, not losses.
But it is better if you try your luck with TCS, Infy or even Wipro stocks.
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