Short Satyam Adr - Ramlinga Raju (chairman) Resignes With Biggest Scam In Indian Corp

Discussion in 'Stocks' started by MaxNewYork, Jan 7, 2009.

  1. JamesJ

    JamesJ

    look at the chart!
    is the indian market so f** inefficient, that it just sinks and sinks so calmly?

    or it might not be shortable?

    [​IMG]
     
    #11     Jan 7, 2009
  2. AK100

    AK100

    And the five-star independent board missed it? I'm shocked.

    Probably stoacked it full of business and political celebrities. Basically totally useless but their names look good to the mugs that buy the stock.
     
    #12     Jan 7, 2009
  3. the auditor is being booked for fraud. Remember the enron. It was $100+ billion fraud. Its similar in India.
     
    #13     Jan 7, 2009
  4. Yeah, as news broke out it started going down down down and one time reached 80% down.
     
    #14     Jan 7, 2009
  5. Madoff's even in a fine wholesome place like India.

    tsk, tsk.

    Ben Dover is world wide.

    Spread em
     
    #15     Jan 7, 2009
  6. At $8/share the company is worth just $3.1 billion. This story isn't a big deal compared to, say, a $50 billion dollar ponzi scheme.
     
    #16     Jan 7, 2009

  7. LOL in America it's an instant, nano second drop, followed by tons of churning for the next 6 hours. yea big difference.
     
    #17     Jan 7, 2009
  8. HA HA HA HA

    hope people who invested in indian outsourcing lose everything

    never trust someone from India
     
    #18     Jan 7, 2009
  9. Are you jealous that you can't create anything of value so you relish in other's failures?
     
    #19     Jan 7, 2009
  10. Better yet

    never trust someone from __________
     
    #20     Jan 7, 2009