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  #1  
Old 13th August 2015, 10:05 AM
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Default Castex Technologies



Guys,

Castex Technologies (formerly Amtek India) is hitting lower circuits every day.

Read about it here:

Bondholders cry foul on Castex Technologies

The chart is really scary.

Where do you think the slide will stop?

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Old 13th August 2015, 07:41 PM
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You know Alchemist,

we have so many midcap and small cap stocks which starts from single or double digits and reach to 2-3 digits in a very short time (this is one of the example)and I have observed them to consecutive circuits like this stock.

Bottom line is I hardly take an investing call on such scary stocks.

Even though there book balance is also favorable to the the stock and who know might be fabricated.

One small -ve news is enough for multiple circuits either way.

We small retailers cannot get benefited because in either ways.

This chart pattern is not new to me though.

Happy Investing!
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Old 13th August 2015, 11:58 PM
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I would have never known this until you mentioned it's amtek India.

Name change mostly happens that too so big happens when company is caught in news for wrong doing.

Similarly I remembered reading about ackruti and later in my neighborhood was shocked to see beggars and orphan home going out for luxury projects by hubtown which was when i realized it's the same ackruti people.

I guess it's FCCB default case.I don't want to dig deeper.Now a days I stay away from companies who are under such clause or debts. Why to waste time on it?
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Old 14th August 2015, 07:10 AM
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I am not tracking the stock, but a stock falling on a news[I am not aware of any such news] technicals wont help to arrest the fall.

Exactly a month back on July 14th , Deutsche Bank AG had sold at 343.8 [bulk deal]. Super Timing.

ramK
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