sundrenched

India Globalization Capital: Subcontinent Infrastructure Boom Play

Hmm, that didn't work out so well... It better hurry up to reach that $8 dollar target :)

Bought 5000 shares at $1 each, then it dropped to 50 cents overnight. I don't set stops on microcaps like this because they would too easily get busted.

I'm less concerned about the paper loss than about what this may tell about the company's prospects for survival. Seems like the main problem is access to credit, which is hopefully a temporary problem. According to the press statement, the company is cutting expenses so that it can ride out the downturn. I'll hold on to my shares (now lottery tickets) at this price.