Saturday, November 27, 2010

In Not so distant future

From unknown sources,CEBI has approved a recommendation whereby indian investors will be happy and Indian traders have to take jal-samadhi.the recommendation is That all stock prices will be converted into 4 decimal figures instead of present 2 decimal.

for eg:
Scrip .........................LTP ..................% Change
JPASSOCIAT ...........0.9860 .............-0.0850
SUZLON ..................0.4300 ..............-0.0165
HCC .......................0.0400 ..............+0.0004

this is to facilitate less pain for investors during downturn and more headache for traders during rally,since loss or profits will be in decimals terms.

Pranav babu says this change is for betterment of investor community and West bengal  !!!.

Mamata(Not kulkarni re!) says west bengal will be top world class investor and announced 4 weekdays of west Bengal bandh in support of the recommendation.
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