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Strategies & Market Trends : India Stocks
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From: Julius Wong6/30/2008 8:43:08 PM
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Shares of Rediff.com(REDF) soared 21% after Darren Chervitz, director of research and co-portfolio manager at Jacob Internet Fund(JAMFX), mentioned the stock positively during a segment on CNBC today. Chervitz said Rediff.com is the leading independent portal in India and is a strong acquisition target. He mentioned his fund has been adding to its long position in the name recently.
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