Amazing ad from Intel!
Day: January 30, 2013
A cautionary tale
The old Wall Street adage is “Buy on Rumors, Sell on News”
Many people have lost money following this adage.
Take for example, Ramsarup Industries.In June 2010, a rumor spread that it is a takeover candidate for Arcelor Mittal.The stock shot up to around Rs.80.85.
There was no basis for that rumor.As truth came out and the dust settled, the stock drifted downwards and is now selling at Rs.4.5 !!
Grow America
Linkfest:Jan 30,2013
Some stuff I am reading today morning:
In India, a dash to lock in yields (WSJ)
Structural problems cant be solved with cyclical tools (Mint)
Fighting fat at India Inc, one dosa at a time (NYTimes)
How bond trading on Wall Street really works (ZeroHedge)
5 bitter truths of Rajat Gupta-The Gurbani connection (Rodinhoods)
Dubai suitcases of cash circumvent loan rules (Bloomberg)
Five cautionary notes for every value investor (AswathDamodaran)
Ray Dalio:2013 will be a game changer (Bloomberg)
How to profit from China’s air pollution (DailyReckoning)
Research:Do fund managers who use technical analysis generate better returns? (SSRN)