Some Good Steals...

rahulg77 · #**3151** 9th March 2006, 06:30 PM

hi everyone,

is it time to put the seat belts on

I had entered shanti gears at 70. Been moving around 80 for last few days. How does the counter look like. Any fresh entries which might be considered.

Rahul

rahulg77 · #**3152** 9th March 2006, 07:19 PM

hi amit,

How are u. Hope all is good with your health. I had another query. This was regarding pratappur sugars. How does it look.
Rgds
Rahul

garun1979 · #**3153** 10th March 2006, 09:56 AM

Quote:

Originally Posted by rahulg77

hi amit,

How are u. Hope all is good with your health. I had another query. This was regarding pratappur sugars. How does it look.
Rgds
Rahul

hI AMIT,

Am focusin on this new sector DEDENCe,,in india we do not have the likes of Raytheon and Boeing but the sctor might be an outperformer goin forward considering the uptick in defence budgets.

Couple of stocks which looked interestin in this sector were NELCO (504112)and kirloskar oil engines (500243)..the former is a supplier to indian army and the latter to indian navy..

Nelcos chart wer lookin ineteresting to me with a fair bit of consolidation for the last few weeks...

KOEL has a strong support at ~182...

Do u suggest taking positin in these stocks..

Another pick but fm a diff space is Asahi india glass..nedd ur views on that as well..

BTW am stil hodin on to Cummins India..thanks a ton
Regards
Gaurav

AMITBE · #**3154** 10th March 2006, 10:24 AM

Hi Gaurav...will look in and you'll definitely get my take over the weekend.

There are several queries and will be answering later now.
Thanks!

garun1979 · #**3155** 10th March 2006, 10:54 AM

Quote:

Originally Posted by AMITBE

Hi Gaurav...will look in and you'll definitely get my take over the weekend.

There are several queries and will be answering later now.
Thanks!

Hi amit ,

mold tek (526 263) is up at 57.85..thanks a ton..

Regards
Gaurav

AMITBE · #**3156** 10th March 2006, 11:33 AM

Quote:

Originally Posted by hvram

Hi Amit
I have been following the Global Tele stuff. Looks like it has been trading in the 109 - 115 space for some time. I now read news about the de merger of the Infrastructure business of Global Tele and allocation of 1:1 shares .

I am not sure of the effects of the demerger. From what I could read about the fundamentals GTL seems to be in a lot of business ( outsourcing,IT, Telecom and now into share trading )

I know that you don't deal with the fundamentals but look at only the TA. But any views would help

Thanks again
Regards
Hari

PS : Thanks again for the lucid explanation that you had given about the charts for IDBI. I was able to appy the same logic to this stock and the long standing conflict level seems to be in the 110-120 range .

Thanks Hari, Globel Tele I'd noticed scanning my Excel file a while ago when I had first called it. I've been trading this off and on since then, got stopped out a couple of time, booked profits too, and am back in.
It's been making higher highs and lows since mid Jan, and sustaining above 116-117 should do the trick. Looks good to me and 106 is a conservative s/l, I'm comfortable with 102 also.
A good move would come at some point.
Regards.

AMITBE · #**3157** 10th March 2006, 11:46 AM

Quote:

Originally Posted by talktoa

hi Amit
Need your advise on entering MRPL
Heard of ONGC investment
Is it a good buy for a long term.....

Hi talktoa, MRPL may finally do something with that news.
From he chart which looks pretty ugly, below 42 or 39 would be s/l should an entry be considered now at 43.90.
There is much supply overhead.
Regards.

AMITBE · #**3158** 10th March 2006, 12:25 PM

Quote:

Originally Posted by kumar7

Dear Amit,

I hope you feel better! Please, reply at your convenience.

How is HFCL looking technically, I'm aware of its infamous history;
but there has been restructuring of debt etc, FCCB issue, increase in FII honding etc: hence the interest.

Thanks,
Kumar

Hi Kumar, I'm not aware of the changes in fundamentals on this, but taking out 24 with volume and sustained trading above 26-27 may make it worth a relook.
Regards.

AMITBE · #**3159** 10th March 2006, 12:40 PM

Keep an eye on Solectron Centum if with wants to break above 293 with momentum and volume.
I'm in lower with strict s/l at 281 or looser at 269.
It's an illiquid kind of counter.

AMITBE · #**3160** 10th March 2006, 01:52 PM

Quote:

Originally Posted by ajesh

hello amitda

get well soon

have u heard anything abt sbi's stock splitting lately

can please explain to me what exactly is stock splitting

regards........!!!

aj....!!!!!

Hi aj... A stock split involves a company increasing the number of its shares outstanding and proportionately adjusting the share price to compensate for the change. This does not affect the intrinsic value or past performance of the stock.
Example is a 2 for 1 stock split. A company will announce that it's splitting its stock 2 for 1 from a fixed date. From that day on, a shareholder who earlier had 100 shares now has 200. The stock, having traded the day before at for example Rs. 100 will now be trading at half the price at Rs. 50. The company which may have had 10 lakh shares outstanding, now has 20 lakh outstanding. The price has been halved in order to accomodate the doubling of the share total.
The usual reasons for a stock split are, as the price of the stock climbs, market players would find it diffiult to trade in it. The split brings the price down, while retainign its intrinsic value.
Also, with a lower price, the stock's liquidity increases, often reducing the bid/ask spread which is a positive as now the stock is easier to trade.
The bid/ask spread is the difference in the bid and ask price at any given time. You will note that usually for an illiquid stock, say Financial Technologies, the difference between the bid and ask price is quite large.
Regards.

Similar Threads for: Some Good Steals...
Thread	Thread Starter	Forum	Replies	Last Post
Good Technical Analysis Sites For Beginners	sh50	Technical Analysis	31	12th February 2008 05:44 PM
Good Stocks To Inevst For In Medium Term	ManishKSharma	Stocks & Shares	2	3rd March 2005 10:47 PM
Good Investment	mbafna	Equities	4	17th January 2005 01:42 PM
good medium term picks	rxalva	Equities	7	26th March 2004 07:33 AM