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Wipro Ltd. Message Board

  • MKT_buff MKT_buff Apr 2, 2008 10:22 PM Flag

    Goldman downgrades WIT to SELL

    Look for the stock to tank tomorrow......compared to SAY and INFY, GS says that WIT is most expensive. WIT has PE of over 22 compared to 19 for INFY and SAY. Look for this stock to retest lows of 9.5 in next 1 week

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    • Wipro(WIT - Cramer's Take - Stockpickr) downgraded at Goldman Sachs to sell from neutral, based on high valuation and expectations. See transitory risk into 2009. Price target cut to $10 from $12.

      I found this on under ticker-WIT

    • what did I tell you last night? We are down 6%. This stock will go down further tomorrow. Here is why - WIPRO in fact went up about 6% on BSE because the Indians did not know about the GS downgrade. Tomorrow when the Indian markets open, the India shares will tick down as the ADR is down 6% and the news of the downgrade will get out. On friday when the market opens in the US, the stock will head lower to 11 because the WIPRO on BSE would have gone down, and so the ADR will go down in sympathy (the stock was at 11 just a couple of days ago). Just watch.

    • they probably want in now before it skys to north of 15...
      that is their way of gaining entry at a good price.

11.81-0.050(-0.42%)Dec 24 1:03 PMEST

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