Apcotex management guidelines for next few quarters was not good. As per their conference call, next quarter will be hit hard. I was mistaken here. The raw material prices have gone up. On a bad result next quarter the stock will be further hit so people are exiting in anticipation of a bad quarter or two.
Money can remain on the sidelines or invested elsewhere
I have sold and invested in data patterns
I have had experience of holding onto such companies that go out of favour and it’s painful.
The flag pattern was broken to the downside on Friday
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