[sharetrading] ABAN

 

ABANs problems may seem huge, hence it also down in near term near 30%. Like buy on rumor and sell on news in case of a rally, I guess one should apply he theory vice versa. Hence a small quantity can be bought and held for LT. A Co like ABAN will not go down under that soon, even on credit worries…..

I still believe it has high Intrinsic value..

Presently a contrarian buy signal is on…..

Keep near low as SL and buy w/ 650 as SL. Or wait for some time till signals emerge…..

In spite of bad news in papers today, it is less than 1% down today…..

 

Abe

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