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.
gee it missed last qtr, thanks to the chief bearded marxist the dollar is getting worth less daily, insane as it seems the no talent nor experience filthy smellies are demanding more despite the fact that there's not 1 need for them when talented and experienced developed world staffers are at bargin prices. Begs the question why get caught up in visa fraud, someone that can't do the job, only speaks hindish, hates westerns + loves obl, and when you add it all up is going to cost more then someone with talent and experience that reads/writes English?
After a recent trip to ID I'll give you some of these IT manager are colier obsessed, but there's HR managers that can see you can get recent state grads for less and w/o the hassles that always come from hiring coliers.
Good luck to all the brave shorts you're time has come to suck every nickel out from the immoral longs.
nowhere near $65.00. Mkt is off big. Time has come to see that we're in this mess because of coliers' land economic warfare against the west and need to treat these enemies like we did South Africa embargo them till they free Kashmir (so paki army can clean out tribal districts),give up nukes, end failed development plan and caste system.