Mr. Ravimohan's article is reassuring. After all, stocks should be valued on fundamentals rather than based on available global liquidity. By same token, land and property prices too should see some major correction, as what we have been witnessing is something unsustainable.
RE:Turbulent Markets
by Abdullah Saikh on Aug 17, 2007 10:57 AM Permalink
Stock goes up not not to fundamentaly it's go up by operating system!! Can you explain why RIL was 90 rs in1999 & now 1800 ??Why Pentamedia was 1600 in 2000 & now 5.5 ???
RE:Turbulent Markets
by KS on Aug 17, 2007 10:04 PM Permalink
Stupid guy... comparing RIL with Pentamedia... Sundar is right... it is fundamental... RIL share price has gone up because RIL has invested in a lot of high growth opportunities or business like oil & gas, retail, infrastructure... Whereas, Pentamedia did not have any high growth opportunities and stupid people like you bought the stock just to prop the prices up.. the greater fool theory & IT dot com craze helped Pentamedia...
