One question that might be arising in many traders/investors mind is what to do next with Financial Technologies. Market experience says that no stock falls in such a way without any reason. While many paid websites and news channels might be claiming the fall to be a good time to get into the stock we buy no such arguments. While I do not know exactly what is going on the news has all the makings of a scandal - first there is a sudden collapse, refutals from company sources, then the realisation and then the whole world will forget what happened. Who will not forget are the investors and traders who are either stuck in the stock or the ones who will get in attempting to do bottom fishing.
Be very very careful about these claims and profits. All these large businesses are build around big contacts and lot of hands are greased with the right oil to get the bandwagon going. FT is no exception. Otherwise in a banana republic such as India nobody gets license to stand upto NSE and BSE with so much resistance. Now that the whole thing is unwinding itself the skeletons would come out slowly. It seems somebody important has been rubbed the wrong way. Slowly this stock will fad away from limelight - allowing it to die its own death. Who will not forget the story - the people who have lost money and will continue to wait.
Be very very careful about these claims and profits. All these large businesses are build around big contacts and lot of hands are greased with the right oil to get the bandwagon going. FT is no exception. Otherwise in a banana republic such as India nobody gets license to stand upto NSE and BSE with so much resistance. Now that the whole thing is unwinding itself the skeletons would come out slowly. It seems somebody important has been rubbed the wrong way. Slowly this stock will fad away from limelight - allowing it to die its own death. Who will not forget the story - the people who have lost money and will continue to wait.
No comments:
Post a Comment