Well I dont agree with you at all. Obviously whenever there is a fall there is an opportunity for some to buy. But in this case if you read the article properly I think it was a really good move. I hate Chidambram to the core but this has nothing to do with him, this decision was taken by SEBI and it is a very wise move. If you read the article carefully 25 % of FII investment is due to these PN notes and the holder of these notes can withdraw anytime, say within a week and create volatility. It is better to consolidate in a uniform manner than have these steep highs of 3000 points in 15 trading session. You know when these hedge funds will get an opportunity they will run away from our market and it will crash like anything. So it is good move that we restrict these hedge funds who are there to take advantage in short term and run away from our market with billins. Poor retail investor was an idiot if he invested at 19000 levels.
