It is overvalued for the following
- lot of people still do not understand that 2 ADR
= 1 share as you can see from the posts on this
- this is the first indian company from India to be
listed on Nasdaq, so lot of programmers from India think
of this company as the Microsoft on India when it is
just a service company.
- when the 3rd qtr results
are announced and I hear it will not be exciting
because of Y2K spending cuts, this stock will return to
- the valuation of this company approx
$7 billion with revenues of approx $128 million is
- Like all the people who bought Yahoo. Amazon,
Ebay, etc. at 200+ and getting burnt now, the INFY
longs will also get burnt badly come end of third
- this ADR is selling at a premium of 50% to the
Indian share and that is just stupid!!
In plain English, could somebody
explain the current valuation of this stock?
strongly believe this is overvalued, but unable to figure
Is this just because some people are
unaware of the fact that 2 ADRs equal one Indian share? I
personally find it hard to believe. I don't think people can
be so ignorant!
Or is it driven by the
demand? More money chasing a limited number of
to conclusions. I have e-trade and waterhouse and
I have shorted this stock in both last month and I
am yet to cover. Sometimes waterhouse says the stock
is not available but e-trade always comes thru.
Before you use foul language and jump to conclusions ask
If all you could short is during the day, how do
you explain all these posts where it is claimed that
they have shorted at 120 and waiting for it to go to
30$ before they cover. I am sure between the morning
and evening in a single day there is no such change
Short sales in Infy is not allowed on Nasdaq, I
have checked with broker. The best I could do was to
sell in the morning and cover in the evening.
you guys keep talking - "I shorted at 90" "me too at
How the fuck could you have shorted when it is not
allowed. Stop throwing out your stock trade fantasies on
And you talk about financially illiterate
people pushing this stock up.