Short Satyam Adr - Ramlinga Raju (chairman) Resignes With Biggest Scam In Indian Corp

look at the chart!
is the indian market so f** inefficient, that it just sinks and sinks so calmly?

or it might not be shortable?

 
Quote from 4444CJones4444:

“This company had a five-star independent board and it had a leading auditor and still it managed the con,” said Tarun Sisodia, a Mumbai-based analyst with Anand Rathi Securities Ltd. “So the question is why only Satyam, why not every other company.”

An auditor missed the fraud? I'm shocked.
More...

And the five-star independent board missed it? I'm shocked.

Probably stoacked it full of business and political celebrities. Basically totally useless but their names look good to the mugs that buy the stock.
 
Quote from 4444CJones4444:

“This company had a five-star independent board and it had a leading auditor and still it managed the con,” said Tarun Sisodia, a Mumbai-based analyst with Anand Rathi Securities Ltd. “So the question is why only Satyam, why not every other company.”

An auditor missed the fraud? I'm shocked.
More...

the auditor is being booked for fraud. Remember the enron. It was $100+ billion fraud. Its similar in India.
 
Quote from JamesJ:

look at the chart!
is the indian market so f** inefficient, that it just sinks and sinks so calmly?

or it might not be shortable?
More...

Yeah, as news broke out it started going down down down and one time reached 80% down.
 
Quote from MaxNewYork:

The news is still developing. Chairman RAMLINGA RAJU of SATYAM COMPUTER SERVICES

Satyam Computer (ADR)
(Public, NYSE:SAY)

HAS REPORTED biggest scam in Indian corporate history.

STock is already down by 45% IN LAST 20 MINTUES IN INDIAN MARKETS.

SHORT IT AS US MARKET OPENS.

JUST SHORT TRUST ME YOU WILL BE REWARDED. THE COMPANY IS GONE.
More...

At $8/share the company is worth just $3.1 billion. This story isn't a big deal compared to, say, a $50 billion dollar ponzi scheme.
 
Quote from JamesJ:

look at the chart!
is the indian market so f** inefficient, that it just sinks and sinks so calmly?

or it might not be shortable?
More...


LOL in America it's an instant, nano second drop, followed by tons of churning for the next 6 hours. yea big difference.
 
Quote from MaxNewYork:

The news is still developing. Chairman RAMLINGA RAJU of SATYAM COMPUTER SERVICES

Satyam Computer (ADR)
(Public, NYSE:SAY)

HAS REPORTED biggest scam in Indian corporate history.

STock is already down by 45% IN LAST 20 MINTUES IN INDIAN MARKETS.

SHORT IT AS US MARKET OPENS.

JUST SHORT TRUST ME YOU WILL BE REWARDED. THE COMPANY IS GONE.
More...

HA HA HA HA

hope people who invested in indian outsourcing lose everything

never trust someone from India
 
Quote from swtrader:

HA HA HA HA

hope people who invested in indian outsourcing lose everything

never trust someone from India
More...

Are you jealous that you can't create anything of value so you relish in other's failures?
 
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