Rana Sugar

sharadkoul · #1 16th April 2007, 11:59 PM

Dear friends this is my first post, Could you please advise future of RANA Sugar.

I have bought 2000 shares of RANA Sugar at 31.50 - Avarage price.

Please advise.

regards,

Sharad

kjshah · #2 17th April 2007, 12:41 AM

well add rana in panic
the stock is excellent
i think some strong hand is hitting the stock hardly
buy only for 9 tpo 10 months view

tkm · #3 17th April 2007, 09:06 AM

Quote:

Originally Posted by sharadkoul

Dear friends this is my first post, Could you please advise future of RANA Sugar.

I have bought 2000 shares of RANA Sugar at 31.50 - Avarage price.

Please advise.

regards,

Sharad

Ideally, this question should have been asked BEFORE buying the shares.

uasish · #4 17th April 2007, 11:05 AM

kjshah,

Averaging Loss is never advisable ,for 1 simple reason,are you sure this "Falling Knife" ,will not fall further ? The 2nd capital infused ,to rescue the 1st is also blocked ,hence you miss an oppurtunity to utilize that (2nd)
for any gain .Hence both Oppurtunity Cost & Notional Profit is surrendered for an already loss making proposition.Tell me if i tell you to Buy on certain stock
dont you buy for future profit expectation ? Then when you know that the specific stock is giving loss ,would you buy,no fool on this earth will buy ,knowing fully well that this may give me loss,until he is convinced of Profit ,no one Buys.
Now dont we all average ? Yes we do ,but here i am trying to point out to you ,treat that (2nd trade) as an isolated trade,where my intention is to profit by buying at low or to ride a momentum.A seperate trade ,mind not clouded with the outcome of the 1st one,not driven by the urge to average,a complete seperate trade altoghether .Then only you will be able to buy at reversal / consolidation etc.It will then be not a "Falling Knife".
To avoid these kind of situation people has advented SL ,plz determine your comfort zone & decide Stop Losses in future ,quickly discard any Mental Blockade & stop this habit of everyday looking at the loss,our very few trades which runs in profit ,we should look at those stocks.
Knowing fully well this is easy to say than practise,i am trying invain everyday to imbibe this.

Cheers.

Asish

NB : To-day only my SL of Tisco & BEML Fut triggered.

bvpraveen · #5 17th April 2007, 12:47 PM

Quote:

Originally Posted by uasish

kjshah,

Now dont we all average ? Yes we do ,but here i am trying to point out to you ,treat that (2nd trade) as an isolated trade,where my intention is to profit by buying at low or to ride a momentum.A seperate trade ,mind not clouded with the outcome of the 1st one,not driven by the urge to average,a complete seperate trade altoghether .Then only you will be able to buy at reversal / consolidation etc.It will then be not a "Falling Knife".

Interesting...

vishalkwt · #6 18th April 2007, 05:25 PM

Rana sugars is good one but for long term say 2 to 3 yrs

rajesh.sadhanala · #7 19th April 2007, 09:03 PM

Quote:

Originally Posted by uasish

kjshah,

Averaging Loss is never advisable ,for 1 simple reason,are you sure this "Falling Knife" ,will not fall further ? The 2nd capital infused ,to rescue the 1st is also blocked ,hence you miss an oppurtunity to utilize that (2nd)
for any gain .Hence both Oppurtunity Cost & Notional Profit is surrendered for an already loss making proposition.Tell me if i tell you to Buy on certain stock
dont you buy for future profit expectation ? Then when you know that the specific stock is giving loss ,would you buy,no fool on this earth will buy ,knowing fully well that this may give me loss,until he is convinced of Profit ,no one Buys.
Now dont we all average ? Yes we do ,but here i am trying to point out to you ,treat that (2nd trade) as an isolated trade,where my intention is to profit by buying at low or to ride a momentum.A seperate trade ,mind not clouded with the outcome of the 1st one,not driven by the urge to average,a complete seperate trade altoghether .Then only you will be able to buy at reversal / consolidation etc.It will then be not a "Falling Knife".
To avoid these kind of situation people has advented SL ,plz determine your comfort zone & decide Stop Losses in future ,quickly discard any Mental Blockade & stop this habit of everyday looking at the loss,our very few trades which runs in profit ,we should look at those stocks.
Knowing fully well this is easy to say than practise,i am trying invain everyday to imbibe this.

Cheers.

Asish

NB : To-day only my SL of Tisco & BEML Fut triggered.

Nice way to put it Ashish. Dont try to catch the falling knife, the wounds will be very bad. If you have really 2 or 3 yrs perspective then u can really pick up top notching stocks rather than the sector which is not doing good now.

Raj

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