At current leval can i buy Asian Electronics? why this script has fallen from 530 to 113. can i hold it long?
It is one of the worst performing stocks since January 2008 fall . Decline of such magnitude is normally result of a major fundamental trouble at the counter, or a fund deciding to make complete exit from the counter irrespective of price decline. If in case of Asian Electonic, a fund has taken a call to make an exit from the counter, than till the time they complete their selling we are going to see bearish trend only. Technically, the oscilltors are in extreme oversold territory indicating that we might see a dead cat bounce at the counter. So you may buy it at current level but be prepared for keeping it for a long period of time before u make good returns. Beware, It would be like catching fall ing knife which may result in bleeding but some time it may also leads to abnormal gains also. So look at your risk appetite and than enter the stock.




