Infosys: First Indian Company on NASDAQ Message Board

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Technology Stocks : Infosys: First Indian Company on NASDAQ

INFY 18.24

-0.2%

3:59 PM EST

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To: Ultimate Investor who wrote (34)	9/19/1999 7:08:00 PM
From: Daulat	Read Replies (1) of 67

Short opportunity.. stock way overvalued at P/E of 280 and going up every day... my strategy is to short few at a time.. to give me sustaining power. seems like lot of us "desis" are jumping in to this stock without doing due diligence. I know INFY people in USA. They also think that valuation is out of order. In India stock is going at $70 and on NADAQ it is $115. Due to overhype, Sock is selling at an unreasonable premium in India. NASDAQ ADR is adding even more unreasonable premium since NRI crowd and IT kids are jumping in without having thorough analysis. Market will eventually bring it all in order..but hype can continue for a while...until all insane money is on the table.

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