rajesh.sadhanala said:
Hi Friends,
I am new to this site. Could anyone please tell me the fate of Hindustan Motors Shares. I bought 1000 @42.5 and 500 @ 33.6. It looks that the share is dipping quite low and background looks confident.
How long I need to hold on to get the rhythm back or is it better to dissolve them.
Please put your suggestions on it.
Hi rajesh
Background looks confident ?? The last quarter result are pretty ugly...Here some details from the NSE site for quarter july - Sept 2005.
Profit(+)/Loss(-) Before Depreciation & Taxes : -1132.00
Profit(+)/Loss(-)Before Tax : -1730.00
Net Profit(+)/Loss(-): -1747.00
Basic EPS (in Rs.): -1.08
You should have got out much earlier. This one is going to take time to recover. Ofcourse I understand getting out is a difficult decision to make.... your losses are heavy..nearly 30%...
Technically also this one looks quite weak. Still very bearish. It has support at 30. Below 30 will be 27 and then 21.
It may be prudent to get out.. atleast in parts... on every rise.
In future please do keep the following in mind
1. Never try to average a losing position
2. Always work with stoploss. Look at trading mechanically, not emotionally.
3. Keep monitoring the news about the stocks you hold.
I request Amit and Saint also to post their advice to rajesh.
By the way rajesh this is the wrong section for such a post.
regards
karthik