Hello friends INDIA’S Satyam Computer Services Ltd said it had postponed a board meeting until January 10 to consider the sale of a stake by the owners and a possible buy-back of shares.So please hold all your stock for some movement, after last week every one see what happen with satyam computer, So who protects the minority shareholders?
Worse still is that the World Bank announced it was banning the IT consultant from getting any contracts for eight years “for providing improper benefits to Bank staff and for failing to maintain documentation to support fees charged for its subcontractors.”
While it’s tempting to want to buy the shares in hopes of gaining from any bounce that might result from a bid for Satyam, there’s simply too much uncertainty surrounding the company to argue in favor of that. Currently, there is no bidder for the company (though the names of three private equity groups have surfaced as possibly being interested), the founder still remains firmly ensconced in the executive suite and has shot down rumors that he will go away quietly, and with investigations launched against it at the same time global institutions are shunning it, there’s little to recommend staking a claim here.
This show that little investor are not safe, every one can play with their money and it is the game of market.I would like to suggest that avoid all stock till Jan 2009, because in Jan 2009 companies quarterly result will going to declared and that show you who is in water.
This are top 5 stock at this time you must buy.
Top 5 stock buy for 2-3 years
Read treading rules before investing.
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