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Categories: Commentary
Fantastic. So prices can't go below Wednesday's closing values. Guess where they are going to stay until this rule is removed? (Hint: Wednesday's closing prices)
The reason markets exist is for price discovery. Not for only going up. It's a good thing SEBI or NSE isn't quite this stupid; though the ridiculous implementation of short selling doesn't take them in the clear.
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This entry was posted on Thursday, August 28th, 2008 at 1:41 PM and is filed under Commentary. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.