I had written about Atlanta Ltd. in October that the stock has strong chances of being a multibagger. Well, as of today Atlanta is trading at 1300 levels. The stock has zoomed from 300 to 1300 in a month’s time. Good going !!!
December 19, 2006...2:35 pm
Atlanta Becomes Multibagger
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3 Comments
December 20, 2006 at 4:18 pm
Say what next…?
Soon it reached below 800.
December 21, 2006 at 10:49 am
What next… More lower circuit openings…
Will it stop falling?
December 22, 2006 at 2:26 am
I think that the scrip has already had a strong rally from 300 to 1300 levels. Right now, the scrip is at very high levels and one should avoid entering into this scrip. Wait for the price to come down and then reenter the scrip.
Given the strong fundamentals of the company, a re-rating was in the offing at 300 levels. As of now, I would stick to stop loss and sell if the lower levels are breached. However, I would continue to watch this stock and reenter when I feel the general trend of the market has started going north once again.