Parsavanath Developers

nitinku5021a · #1 26th March 2007, 02:36 PM

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

jatayoo · #2 26th March 2007, 04:28 PM

Quote:

Originally Posted by nitinku5021a

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

-----------------------------------------------------------------------------------------------------------------
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.

amritbanga · #3 26th March 2007, 05:17 PM

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

kenneth · #4 27th March 2007, 03:32 PM

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

hapgo77 · #5 27th March 2007, 04:03 PM

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.

jatayoo · #6 30th March 2007, 05:59 PM

Quote:

Originally Posted by hapgo77

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.

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

kenneth · #7 30th March 2007, 11:45 PM

Quote:

Originally Posted by jatayoo

------------------------------------------------
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.

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