Home > Education > Adani Enterprises- Is it being operated?

Adani Enterprises- Is it being operated?

Thursday, December 27, 2007 Leave a comment Go to comments

Adani Enterprises-one of my early stock ideas on the blog is reaching for higher and higher levels. It is having a dream run from 250 levels to 1050 levels from July 2007.

Many of my clients who have seen it go 4 times in last six months are wondering if the stock is being driven by operators. Everytime it goes up, it makes them more nervous!

I explained the same issue to one of my uncles who is a qualified chartered accountant for last twenty years. He was very candid in admitting that many CAs in this country specialize in “window dressing” of balance sheets of public companies! Thats why he himself never relies on balance sheets to take his investment decisions. He actually wondered how we manage to make money despite knowing the fact that the stock might be “operated”.

Thats one of the advantages of being a trend trader. Have a look at the chart and see how you could have benefited.
adani.jpg

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Categories: Education
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