Saturday, November 08, 2008

NSE Update: traders vs long-term investors

After the bull, the bear, a creature made in the ATS laboratories showed up briefly at the NSE from last Thursday but came to a screeching halt yesterday. Some are alleging circular trading. Did you see Kenol go up 43% on Wednesday on 500 shares? Others are crediting the feelgood factor engendered by Obama. Whatever the play, I expect the positions to be unwound in the coming weeks.

Who between long-term investors and traders profits more over a market (bull, bear, bull) cycle?

Standard is venturing into Radio.
Scangroup completed the sale of a stake to WPP.

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