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Is the bull market back? And is Opto a shady stock..

Posted by fairval on January 17, 2012

In bull markets, some companies tend to make frequent announcements/press releases with the main objective of keeping excitement alive in the stock.

Opto Circuit is very good at this game. Check today’s announcement by Opto —

Medical device maker Opto Circuits (India) has signed a contract with Criticare Systems Inc to supply patient monitors to hospitals in Russia’s Tyumen Oblast province.

This came in Hindu Businessline. And moneycontrol gives this a distinct spin..

Opto Circuits US arm has got order to supply monitors to Russian hospitals, reports CNBC-TV18. Opto Circuits India touched an intraday high of Rs 224.80 and an intraday low of Rs 217.50. At 11:28 hrs the share was quoting at Rs 223.65, up Rs 7.90, or 3.66%.

So is the bull market back? I mean, what the f is the Tyumen Oblast province in Russia? Why shud companies be releasing silly announcements like this…

Shady stock, this Opto Circuit.

Note this in the Hindy story — Opto Circuits, however, did not disclose the value of the contract.

Of course it cant, most likely it is some two-bit contract which means nothing much for the stock price if the value was revealed.

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One Response to “Is the bull market back? And is Opto a shady stock..”

  1. […] Is the bull market back? And is Opto a shady stock.. […]

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