OMG Satyam is dying

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Unreal So the whole Maytas deal was to cover up those non-existent numbers. Left with no other option, the guy has come out in the open.

There are rumours that Cognizant, IBM are interested in buying Satyam out.
 
^^ Nopes the other company will take it at a value lower then mkt price, and investors will happily oblige as there are no buyers in any case...
 
Dont know on what basis can people think of Buying satyam shares? Non-existent financial figures??No one even knows how deep in trouble the company is.Better to wait and watch.
 
The bigger question is what kind of morons did PWC put up as auditors. More than Raju, those guys will face the heat. Mitra has actually said so and its about time it happened.

The company itself is finished. There is no "value" in Satyam in itself(As it is from the way its looking, the only real value can be just the fixed assets in form of dev centers :lol:). Which client will remain to do business with them is an open question.
 
Even my close friend is working there...fingers crossed that Satyam bounces back from this

Careers of 50K people are at stake

Will Raju go behind bars for this bigtime fraud
 
Sandy said:
16 bucks finally :|
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16 buks ??? bseindia.com quotes 39.95 buks as the last trade price!.......
so it did bottom out at 30.70.....for the day....

well people who think of waiting and say its a foolish move to put in money at the time when everyone is running let me say....
- Satyam is not closing down tomorrow
- Satyams potential is still held strong with 50k employees

The figures and facts would be WRONG that doesnt look over the fact that they do make profit in crores.....think abt the 50k employees- they have been getting their salary / etc on time .....its not that they have sunk....

although looking ahead they would have no potential projects etc etc.......
still i agree it would be riskly to put in money....lets face it ....people "MADE" lakhs of money even today while Satyam crashed..........

shortsell ftw !.......
 
Sandy said:
16 bucks finally :|
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wrong info satyam shares closed at 39.95 with lowest being 30

Though no doubt any company will overtake it...but that will not happen soon...since a fraud has happened...and now the big boss sebi wont allow untill full details comes out...

I think it will be delisted from stock market

I was about to buy it thinking only raju resigned...now after reading came to know they didnt had any money to buy and it was just fraud

I would stay away from the stock....plus this will bring more blood in the market...now i feel like investing in market..was waiting for the bigger fall to happen ...
 
hanzy said:
well people who think of waiting and say its a foolish move to put in money at the time when everyone is running let me say....
- Satyam is not closing down tomorrow
- Satyams potential is still held strong with 50k employees

shortsell ftw !.......
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shortsell wont b allowed i guess

plus no company will buy satyam now since fundamentals of the company has proved wrong......how can someone valued it?
 
magnet said:
shortsell wont b allowed i guess

plus no company will buy satyam now since fundamentals of the company has proved wrong......how can someone valued it?
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i'm talking about today......if shortsell was blocked today then where have all the shares been offloaded ? a trade takes place when someone sells and someone buys.....so well there is a buyer for every sale that took place today......someone did buy at these levels...big institutions etc , infact it was shown on cnbc tv 18 that a major bulk deal took place in heavy value....and that might have splurred the price to shoot up in between the fall......the system doesnt know if u own those shares or not....u ask it to sell it sells , u ask it to buy it will buy ......so there is no reason why no one shortselled today in the panic sale....infact satyam price might go up a bit and keep floating that level now......say in the 50's or so....lets face it...someone who got the shares way up higher would not sell at these levels he would prefer to go all the way and see what happens !!!........

also not everyone studies the fundamentals of a company and how it goes......people who do intra-day trading only....i guess its called 'hedging'/'arbitrage' the term might be wrong here......all they do is buy - sell and settle at the EOD.......today the trades were majorly BSE based and hence a lot of PLAYING would have taken place for sure...!.....

lets not make this a share price discussion thread...

bottom line....no investor would have though a company like satyam would see such a day :no: :no: :no:
 
hanzy said:
i'm talking about today......if shortsell was blocked today then where have all the shares been offloaded ? a trade takes place when someone sells and someone buys.....so well there is a buyer for every sale that took place today......someone did buy at these levels...big institutions etc , infact it was shown on cnbc tv 18 that a major bulk deal took place in heavy value....and that might have splurred the price to shoot up in between the fall......the system doesnt know if u own those shares or not....u ask it to sell it sells , u ask it to buy it will buy ......so there is no reason why no one shortselled today in the panic sale....infact satyam price might go up a bit and keep floating that level now......say in the 50's or so....lets face it...someone who got the shares way up higher would not sell at these levels he would prefer to go all the way and see what happens !!!........

also not everyone studies the fundamentals of a company and how it goes......people who do intra-day trading only....i guess its called 'hedging' the term might be wrong here......all they do is buy - sell and settle at the EOD.......today the trades were majorly BSE based and hence a lot of PLAYING would have taken place for sure...!.....

lets not make this a share price discussion thread...

bottom line....no investor would have though a company like satyam would see such a day :no: :no: :no:
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ya but still .... mf dsp ml served its tie...so they might have sold their shares

regarding short sell...i dont have much idea ..whether it has trigger or not.....

but if no one buys the share within a span wont short sell stuff fail??...sorry but dont have much idea abt it?

Another fall might happened tomm ..may b LIC too will sell its 4% investment of satyam would sell it

Btw a company as such as wipro,tcs,infosys or reliance might prove better taking the company....but i still think seriously to invest in it...but just afraid of delisting stuff

Plus chances of price going up is seriously doubtfull

Also fell sad that raju havent been arrested yet and police say when someone register than only they will arrest else nuthin.....

A white collar fraud has happened and they are saying we will investigate than think...
 
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