Five multi share (Bihar Sponge Iron Ltd.)

[muthumanillc]

Doubler in one month and Rs. 100 in one year now price is Rs. 20.
Watch it carefully. Already double in one month. Give comments
Regards

Did this ever go above 100? this was first posted in 2007. now in 2011 this is at 10.... I know it did go above 50 in 2007. So, it might have been a good buy over the short term...

promoters(Modis) have pledged thier shares as well. just because it made some profits in 2007, if we had bought this share - we would have been in great loss. this went through a restructiring by BIFR in 2004.

Lesson: Dont believe well charted plans, if they are from a consistently loss making company

Thanks
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