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Monday, April 6, 2009

Satyam ADR UP!!

Satyam computers is up around 60% today in the US markets. Tomorrow indian market will be closed on account of Mahavir Jayanti so traders in india wont be able to see this upswing in local market. If the rally continues tomorrow then probably on wednesday Satyam computer could see a big upswing.

Wilbur Ross and Larsen & Toubro (L&T) might be planning to jointly bid for Satyam. Satyam is going to decide stake sale on 13th April.

As the date of stake sale is nearing the stock is showing fresh interest after sagging for last fews days.

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Interesting Quote :-)

Recession is worse than divorce - You loose half your assets but you still have your spouse.

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