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Friday, May 15, 2009

Vintage Cards & Creations Ltd:-Only meant for smart traders

Scripscan:Vintage Cards & Creations Ltd

Story:Relisted some months ago and with active support from operators got tripled in little time to hit 135 odd levels.Investors rather than exiting went on to have chunk of the company.People would never learn from their past mistakes and if they were to admit the same it would be like,Stock markets ruined me,are yaar pehle apne galti o ko mano phir bhokko.Now coming back to vintage cards its a worthless company with morons running it.I recently called up the company and these is what they had to say,"The Company has discontinued marketing with its owned stores.We now plan to sell through the organized retail arena and other channels of distribution where there would be better reach to our customers.We have our production unit at Wadki,Pune.Our Company has developed plans to improve the production facilities with new machinery for better quality output and efficiency.We definetly feel our company has got a long way to go and shareholders would have lot of reasons in future to cheer about".It had some land in goa which due to liquidity crunch the company disposed off.Yaar greeting cards ab kon kharidta hain,sms hi bohut hain.Aur agar cards dena hi hain to archies ka do...atleast nam se to kuch izzat rahega.These greeting and gifts business is a sun-set business and if the company remains at it..undoubedtly another bankrupt one is here for you.Only positive thing about the counter is the support that it gets from couple of guuju satoris who operates the counter.They would make the scrip fall..accumulation would happen bigtime..once it moves a bit up general investors as always would get swayed away and hence being prays of these operators.So buy vintage cards at low only with a trading mind to sell the same at higher levels.Savvy investors just forget about it.

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