Sunday, October 16, 2011

Strike in Coal India



Coal India is one of my long term scrip. However this report is about the labour problem in the company. For reference check the report at CIL Staff threaten Strike.

The prince was hovering around 370. It had been trying to move above 400. Now it has come down to 320s after the October 10, 2011. With the impending strike as reported above, the falling production and possibility of import of coal (Not included here), I think I should sell some of the shares. However, this the month of reporting of the second quarter. Hence, I believe that the order should be sell and buy. There is no need to add further.

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