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Infosys Limited Message Board

  • mysticpaste mysticpaste Apr 18, 2011 9:36 AM Flag

    INFY target will be $65 by EOD ...Read why

    There has been an unusual volume of 13 Million shares yesterday which has to be covered. The MMs played this thing well and they will book thir profits by EOD today. Most of the 13Million is Shorts so short covering will rally this stock in the imediate short term. Long term i am skeptical too. This stock is held mostly by Instituitions.
    And if you go by my golden rule Never Short Indian ADR's though you might personally hate them a lot.

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16.92-0.63(-3.59%)Sep 4 4:04 PMEDT