One of the rare hedge fund managers who has come out making loads of money in the recent financial meltdown is Andrew Lahde who founded Lahde Capital Management LLC with US$10 million two years ago. But having made an 870% gain last year and more this year, Lahde is quitting the game with a fine parting letter to his investors. Here is an abridged version of the letter.
“Today I write not...
None of the A-graded stocks emerged as an outperformer this fortnight. We have deleted six stocks from the list and added an equal number
Winners
Among the momentum stocks, none of the A-graded stocks emerged as an outperformer this fortnight. Education solutions provider, Educomp, which was B-graded, rose 37% during the fortnight, as it posted an amazing 122% growth in operating profits for...
Market is indifferent to the September quarter results of most companies. We have downgraded some stocks
Gainers
Software and IT services companies in our list came up with a mixed performance. Tata Consultancy Services (TCS) was up 18%; Infosys rose 15%; Satyam was up 15%; Tata Elxsi rose 1% and Wipro was up 6%. While Omnitech Infosolutions and HCL Technologies were up 9% each, Tech...
