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Stock Picks Bob's Advice

Friday, 3 August 2007

Wipro (WIT) "Clearing up a Comment!"

Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.

On Wednesday, I answered a reader about my investment strategy. He asked in particular about Wipro (WIT), the Indian outsourcing firm. I am a big fan of Wipro stock, and my stock club actually owns a few shares.

Somehow, Social Picks, the website that tracks my 'picks' interpreted my evaluation as a "Sell" on the stock. This was not my intention in case you happened to read my review on that website. I am a great fan of Social Picks, and if you are interested you can visit my SocialPicks Page where all of my discussions have been reviewed since January, 2007.

Just to make sure, I took a quick look at Wipro (WIT). Their latest quarterly report was positive. The Morningstar.com "5-Yr Restated" financials on WIT are intact, and the StockCharts.com "point and figure" chart on Wipro appears to be still bullish to me.

For all of these reasons, I still maintain that

WIPRO (WIT) IS RATED A BUY

I hope that clears up the confusion.

Thanks again for dropping by and visiting! If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.

Bob

Posted by bobsadviceforstocks at 12:00 PM CDT | Post Comment | Permalink

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