ECL - Heavy Buying Interest

Sure N Shot · 1 ECL - Heavy Buying Interest Mon Jun 20, 2011 2:22 am

Sure N Shot

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Dear Friends,
During last few days, I have observed a heavy buying interest over ECL;
Previous day (17th) Share Volume - 42,343,600
Week to Date Share Volume - 84,314,700
Month to Date Share Volume - 199,241,300

Also, between Rs. 6 to 7.50, there had been many transactions like 1 million to .5 million blocks straight away.

Then, I checked with my adviser where I found an interesting story – ECL is buying BLUE and would dispose to a strategic buyer, and then ECL will go to a higher price after collecting a huge profit via BLUE.
Even at a high rate, someone grabbed with one million blocks. I have done small dealings with a few turns so far. Please, someone can further advise me on this matter. It seems to be risky but still I like to taste it.

aladdin · 2 Re: ECL - Heavy Buying Interest Mon Jun 20, 2011 7:09 am

aladdin

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Well if you ask this question about one or two weeks back i would say go with both blue and ecl. Since it was the time where both these shares were at the rock bottom and many people started collecting them. Even i followed the pattern of these two and what i noticed is all of a sudden blue goes high trading and next day ecl goes for a trading. This way i suspected that ecl might be collecting blue and the people who knows this might be buying ecl since they think ecl value is also going up. But check ecl reports for the last couple of years. Then you will realize what is ecl and how its business is about.

Any way if you are in the theory of earning money even with catching dogs and cats, well ecl and blue will be a good move. BUT in caps i would say now the price is tooooo much. Unless you keep the eyes open every second and do the trading, its toooooo risky to enter at these levels.

Any way final decistion is urs.

Keep this in mind as well. MORE RISK bring MORE GAIN. At the same time MORE RISK brings MORE PAIN.

happy trading for today..

cheers.

stumpy · 3 Re: ECL - Heavy Buying Interest Mon Jun 20, 2011 7:57 am

stumpy

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"MORE RISK bring MORE GAIN. At the same time MORE RISK brings MORE PAIN."

kam2011 · 4 Re: ECL - Heavy Buying Interest Mon Jun 20, 2011 10:19 pm

kam2011

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That's right. You should have quite experience to deal with such shares. Some times even the big players who are frequently deal with similar shares also lose their money in big way. Small retailers should be very caraful before they enter in to such counters.