Has Indian ‘Eros International PLC’ Started Taking Viagra Or The Indian Rip Off Of It?

Anura Guruge, June 8, 2013.

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by Anura Guruge


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Oscar and I suffer from the same affliction, the ONLY thing that we have in common. Like Oscar ‘I too can resist everything but temptation’ (though I am getting better in my dotage). So, I bought a FEW shares of EROS when I was offered the chance to participate in the IPO.

For ‘3 months’ it did NOTHING other than sink like a delusional Indian trying to walk across the Adam’s Bridge thinking that they are the new Messiah. Given it is Indian run there is zero real news — other than that the Indian directors, classy as ever, smeared their OWN excrement on the IPO papers they signed. (See below.) What can I say. Indians are like that. Since I only had a negligible number of shares and I am fully resigned to always lose money I kind of wrote it off as yet another brilliant move on my part — though I bought this through temptation.

Click for original. I don't make up this stuff. When it comes to Indians, you don't have to ever make up anything. They will always surpass any and all expectations when it comes to strange behavior.

Click for original. I don’t make up this stuff. When it comes to Indians, you don’t have to ever make up anything. They will always surpass any and all expectations when it comes to strange behavior.

Well in the last couple of days it is going straight up, the chart doing the Viagra thing.

Click for chart from MarketWatch.

Click for chart from MarketWatch.

I can’t find any news as to why it is going up like that. Yes, given the Indian ownership there is probably a lot of unethical insider trading going on. Not sure what to do. Should I sell now. I will probably make about 50 cents, or should I hold on to see what mischief the Indians are bound to be up to. Yes, I am sure that within a few days it will plummet with the same trajectory of a used condom tossed off a Mumbai hotel room.

I don’t know what to do. Screw it. Might as well enjoy the ride, though mine is, of course, nowhere close to what the Indians get to experience.


I bailed. Couldn’t take. Better to take the 51 cent profit I had now than regret it later.
So I am out. Feel relieved. I think I will stick with U.S. and European stock.


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About Anura Guruge

See 'The Blogger' on my https://nhlifefree.com/ blog.

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