Tuesday, October 26, 2010

REVIEW ON MIC ELECTRONICS LTD

Hi Mahesh,
I have an eye on is MIC Electronics which you blogged on January 26, 2010.. What do recommend I do with this stock?
Thanks,
Steve
1. Respected Steve sir , thanks for your continue faith on my blog.
2.
CLICK HERE TO READ THIS FORMER ARTICLE
3. my view is still negative on MIC ELECTRONICS because FII reduce its holding from 8.48 % to 5.73%
4. DII reduce his holding from 2.44% to 0.60 %
5. promoter also reduce his holding from 33.75 % to 33.57%
6. Only general public like you and me increase his holding from 56.49 % to 60.10 % and this is a sign of distribution stocks from big players to small investors so this is danger pattern.
7. And you knew there is always a chance of inaccuracy in my view and it may be wrong so please make your own decision.
8. My holding is nil in MIC electronics ltd.

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