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ForecastingFolly

Forecating Folly:Gokul Refoils

This post is in continuation of my Forecasting Folly series (see here)

On 7th March, 2011, Dalal Street’s finest at Sunidhi Securities came out with a research report on Gokul Refoils.

The then prevailing price was Rs.98, a target price of Rs.125 was assigned to the stock.

Fast forward, 18 months later, Gokul is languishing at around Rs.44 (today’s price).

This is one third of the target price and half of the then prevailing price.

Forecasting folly, anyone?

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Asian Hedge Funds are World’s best 2012 gainers

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Linkfest:Dec 13,2012

Some stuff that I am reading today morning:

SEBI puzzled at 60000 Crore worth of IPOs not hitting the market (BusinessLine)

Is Modi better at marketing than Coca Cola ? (ET)

Berkshire buys 1.2 Billion $ in stock from a single investor (FE)

Brokerage fees touch a new low (Mint)

Who saved Dhoni? (MumbaiMirror)

PFC tax free bonds review (OneMint)

Stay hungry, stay foolish, start up !! (Rodinhoods)

Goldilocks diversification (RPSeaWright)

How corruption is strangling US innovation (HBR)

Biggest opportunity will be shorting the bond market:Ray Dalio (CNBC)