Month: January 2013
Categories
Linkfest:Jan 31,2013
Some stuff I am reading today morning:
ISI gave Rs.5 Lakh to man who beheaded Indian soldier (TOI)
Ghost of GAAR has been buried (ET)
5 trends that will drive FMCG growth in 2013 (Mint)
Direct Benefits Transfer:How the game has changed (BS)
Sprite set to become the largest soft drink brand in India (BusinessLine)
Goal setting tips (Subramoney)
Should you break a fixed deposit to buy a debt fund? (OneMint)
How to become super rich (AlephBlog)
Research:Expectations of Returns and Expected Returns (SSRN)
Disney’s Bob Iger talks deal making (TheWrap)
Amazing ad from Intel!
Categories
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