New Intermed Uptrend!!

satya_pinku2003 · #**3781** 24th July 2007, 08:14 AM

Quote:

Originally Posted by Saint

Shall do so,Satya,over the next few days in the other thread "Teach a..."

All the best!
Saint

Thanks
wil wait for it

Regards
Satya

satya_pinku2003 · #**3782** 24th July 2007, 08:18 AM

Quote:

Originally Posted by sillu_m

Do any one know any institute that provide training or course in online share trading in delhi. If u know please post the address soon with necessary details.
Thanks in advance.

please go thru saints other thread " teach a man ..."
hope it wil be help ful to u

Regards
Satya

ssnkumar · #**3783** 24th July 2007, 11:12 AM

Quote:

Originally Posted by Saint

Yikes,Narendra,plz tell me he didn't buy at 11 and holding all the way down to 2...........Sideways trend in progress on the weekly charts.Could breakout or breakdown from here.I doubt if a breakout is going to those highs and to get him back to breakeven....More importantly,the magic mark is 1.95.Break that,and give this one up!

All the best!
Saint

Thanks Saint.
Initially he bought it at Rs.8 and later averaged it to 6!
So, it is almost 62% loss.

So, I think, it is better to take out whatever little he already has and invest it in some better stock.

-Narendra

satya_pinku2003 · #**3784** 25th July 2007, 07:20 PM

Quote:

Originally Posted by sillu_m

thanks satya..........bye n take care.

welcome

Regards
Satya

punekar · #**3785** 25th July 2007, 08:29 PM

Dear Saint,

This is my first post in this forum. As per Mr Mookherjee's advice, i purchased Arvind mills @ 48. Please let me know when I would get a price of 60 and also let me know if I can hold this for 3 months.

Saint · #**3786** 26th July 2007, 02:18 AM

Quote:

Originally Posted by ssnkumar

Thanks Saint.
Initially he bought it at Rs.8 and later averaged it to 6!
So, it is almost 62% loss.

So, I think, it is better to take out whatever little he already has and invest it in some better stock.

-Narendra

Ouchh!!Painful.......the travails of anticipating a bottom.Probably correct in your advice,Narendra,but much earlier than here and now was where he should have fled from this one!

All the best!
Saint

Saint · #**3787** 26th July 2007, 02:20 AM

Quote:

Originally Posted by sillu_m

thanks satya..........bye n take care.

A warm welcome to you,Sillu.......all the best!

Saint

Saint · #**3788** 26th July 2007, 02:36 AM

Quote:

Originally Posted by punekar

Dear Saint,

This is my first post in this forum. As per Mr Mookherjee's advice, i purchased Arvind mills @ 48. Please let me know when I would get a price of 60 and also let me know if I can hold this for 3 months.

Hi Punekar,

A warm welcome to you.......

Weekly charts in ARVIND MILLS are still in a downtrend,buying here in anticipation of a move up was a mistake.Always best to buy a stock in an uptrend........Anticipating that the move down is over is a strategy fraught with danger.

If this stock has the fire-power to reach into the 64 area,that would be the time to hold on and not the time to sell!!

.....so the real question now to keep in mind is:At what point do I bail out of this one?That would be 42.Take no more pain if the stock dumps to below that figure...

The whole idea of buying a stock in an uptrend is to make maximum money in mimimum time.........so buying a stock in a dntrend not only raises the odds of failure,it also wastes precious time.Whether you intend to bail out here and invest in another stock,or hold on to this one and see if it does have that fire-power or not,is your judgement call to make.

Once again,a warm welcome....and all the best!

Saint

Dhanya · #**3789** 26th July 2007, 03:23 PM

Hi Saint,

I took some Reliance Inds at 1750.Now it's trading at 1940.My latest trail stop is at 1870.Is that fine?

Thanks in adv,

Sincerely,
Dhanya

Saint · #**3790** 26th July 2007, 05:33 PM

Quote:

Originally Posted by sillu_m

Dear saint i even don't know the abc of this type of trading but the last 3-4 days are really fruitful to me and i gained by going through ur articles. intially i find this hard but with the passage of time i am picking up slowly and getting confident now

.
I don't know the art of using impressive words, simply i can say thanks.
keep in touch and guide me as u know very well the minds of newbies like me.
bye and good day

Great to hear that,my friend........keep going!All the best in your efforts.

And,forget the impressive words.......if you need to impress someone on cnbc,in a seminar,in some marketing of some product,then you need impressive words.......To ask a question or to make money off the markets,you don't need 'em.

Happy learning and trading!
Saint

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