OnMobile

OnMobile Global Limited

OnMobile has picked up the momentum in the last five or six weeks but I would treat it purely as a short-term trading candidate and a very good short-term trade as well because it does make rather rapid moves when it does so.

I would not read too much into today’s decline. It has the potential to make one or two more such moves before it fizzles. The reason for not picking OnMobile very much for the long term is it was at Rs 700 in the middle of 2009. So year on year it is giving you negative returns, it is not really in a long-term uptrend. Strictly if you stick to the short term, this is quite good.