Friday, April 23, 2010

Short Term bet - Gujarat Ambuja Exports Ltd

This small stock is a cigar butt, with some smoke left and one time possible gain. I expect this stock to not go below 15Rs as it pays 80 paisa dividend per share and promoters are increasing stake.  Buyback was done in 2008 between 34 and 38 Rs. I have had an eye on it for last 6 months and got late by a few days in spotting uptrend, it has made a low of 16 last week and high of 120ish in 2007. 

This is just a one shot stock and a trading call as opposed to investing. Be it short squeeze or one time uptrend, short term gains can be made in this one looking at 1-3 months timeframe.