- Wealth PMS (50L+)
It’s been a rough week with my back getting clobbered for the first half, and then my desktop’s hard disk bad-sectoring its way into oblivion in the second. And the laptop has been temporarily borrowed back from my son who is not happy at being denied the prospect of watching Finding Nemo for the 75,456th time. (Why isn’t there a sequel?)
In any case, before my son’s desire to watch Marlin, Dory and Nemo resurfaces, let me bring to you this week’s edition of the Chronicle, albeit a day late. Today I’ll speak about Stop Losses; next week, we’ll look at patterns.
Where we went last week
Last week I’d mentioned stocks making new 52 week highs. These, I said, were good candidates. Here’s how they did this week:
A set of links chosen just for you (Visit our Picks section for a regular update)
Micromax withdraws IPO on weak market conditions – The Economic Times
Micromax Informatics, has withdrawn its Rs 426 crore initial public offering due to volatile market conditions, the company said.
Review and Outlook: India’s Guaranteed Joblessness – WSJ.com
A welfare scheme is wrecking the national labor market, writes The Wall Street Journal in an editorial.
UP land mine is set to blow up in Mayawati’s face | Firstpost
A Firstpost investigation of the Noida land scam unearths new facts, where officials in Uttar Pradesh ganged up with builders and converted land acquired for industry to residential use. These new findings hit at the core of CM Mayawati’s land politics.
Past Short Takes: