Parsavanath Developers

Hi all,

I am holding parsavath developers and i know i have done mistake by not keeping stop loss and all []. I have bought it at 449 level and never looked at the chart at that time[ i was in stone age at that time ].

Now after sebi notices are coming to real state valuation caused a big time meltdown in this scrips [ thats what now i understand, please correct me if i am wrong]. I would like to know the opinions of other members on this scrip.


Thanks
Nitin

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HI
Yes u have braught high.The market is likly to correct more and the extent will be a bit more clear post FY07 results.
Let the market bottom out and do not be in a hurry to plunge in.At that point when buying is visible for a week or so you add that amount which will take your holding cost to a desirable level.The error which normally occurs is jumping in too soon.I enter when the stock retraces 23.8% of the fall.OR let the 7sma cross the 28 sma and hold without going flat.
You make losses by selling out a good co too soon and the wait is sometimes frustrating.This is a real good co to wait for and if the market takes it to irrational price point i.e 150 bucks , I will buy ; otherwise i will average it suitably to a price point of 250 bucks or so.
......... dont worry and fret too much.In the long term ...2 yrs...this is a very good investment.I had a friend who had baught 1000 HLL @ 300+ in 1998/9.I made him average it when it came to 108 in 2005 bringing his average cost to 170.He made a 50% profit approx--- much better than a bank FD any day.
.....buying high does make one wait a bit but it also gives one a chance to recover.
...HLL was and remains a slow growing FMCG co, but parsvnath will be a fast grower so it will catch up soon.

why get afraid in such a small pwriod of time. parsvanath is a long term story. may after this week there are chances to improve . if you have noticed that some of reality stocks are bottomimg out viz mah. gesco , unitech etc only concern is that they have lot of small unlisted companies in which there land holding is. may be company will be planning to merge with self

Parsavath developers- has lost 40% from your purchase price. It has lost 3.74% yesterday. Unitech, DS Kulkarni have lost 5%. You have not stated how many shares you have bought 10,100 or 500? You need to gain 80% from the current price to breakeven. Chances are it can slide to 249-239-229
Friends can suggest you to average. It is your money. Read the rules

TRADING RULES

When in doubt, get out. You are no longer at risk.

As profits are taken, lose deadwood. Holding non-performing assets ignores the time value of capital.

Don’t treat stocks as your friends. They aren’t, just because you are familiar with the name. Any stock can go down. A lot.


Remember always, 90% of a stock’s move is due to its industry. Always be aware of industry performance and outlook.

Use industry leaders as indicators, trade followers.

Regards
Ken

Ken,

Those are real words of wisdom man. Wish I had followed them as well!!

I had lost some considerable money hoping that what went down will come up sometime later. It never happened. I guess we should determine the extent of loss that we can bear, and no matter what, once that level is breached sell that damn thing out.

Rgds.

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I shall have a doubt when the fundamentals or the financials tell a different story.

TRADING RULES

When in doubt, get out. You are no longer at risk.