Bad ask!!! But still let me ask...

Apurv7164 · #1 1st August 2007, 03:29 AM

Guyz,

I know it's really really Bad ask!!! But still let me ask...

How do you see HFCL and Aftek??? I know guyz whose hands are burnt in 2000 will run to kick my back...

Well, I could see good long consolidation and giving me gut feeling that something is cooking...... Can any senior member take a look on charts??? plz..
My bad that I am not attaching chart with this but the reason is... I had to format my laptop and lost AmiBroker/MetaStock along with whole past data....

Thanks a ton,
Apurv

maxmak · #2 1st August 2007, 09:23 AM

Apurv,
Hfcl and aftek are good but they are both slow movers.
This is nearly the last leg of uptrend and at this time you should buy stocks that are moving up, buy and sell * dont hold on to anything except CASH.
I like your choices but HFCL is not so reliable in its moves, Aftek on the other hand keeps on looking good but never rises, may be one day !When will be the day ?
Remember one thing:
Nothing is Bad in the Market, Tommorows disasters can become darlings of today. It is all upto the perfomance of the company and the willingness to reward shareholders.
Some people do turnaround thier ways and it is our job to give them a chance.

Apurv7164 · #3 1st August 2007, 09:32 AM

Thanks! Maxbhai...

well, I know both the companies are not investor friendly...

But When long consolidation in these 2 companies came into my notice, I went back and checked fundamentals.... I found couple of red flags in both the balance sheets but also found that companies are really on the track of improvement (may be results are fabricated) but this is what we can say from surface look on balance sheet.....

Then thought came into mind that if these companies are really improving, some biggies seem to be accumulating in the consolidation... so this is how I got gut feeling that something is cooking positively in these counters.....

Thoughts plz?

maxmak · #4 1st August 2007, 02:23 PM

No thoughts as currently we are heading down.

uasish · #5 1st August 2007, 05:37 PM

maxmak,
Now is the time to gear up fully for identifying good Buys.Nifty's fall will be arrested to-day or tommorrow ,if we wait to research later after the fall gets arrested,then we cant buy cheap.I know it is Risky to catch a falling knife,but be prepeared to enter your buys at 1st chance with small lots.

Asish

maxmak · #6 1st August 2007, 06:33 PM

Dear Ashish,
Thanks, I am also aware of this oppurtunity but I would like to confirm that this time we will certainly fall sharply, as confidence has been badly shaken. Bulls are licking thier wounds.
We are looking at 14600 levels as initial stop, Tommorow we can bounce back a few hundred points.
a.Dow Support is at 12750.- So it has 500 points more to go down.
If it goes up it will be stopped at 13650.
Hence the Dow has to decide.
b.Hongkong, Taiwan, Korea, I get a feeling that US makes us work hard in our factories and we make 10% and invest it in stocks. One fine morning, US pulls the plug and we are down by 50%. Smart pretty smart.
c. Bubble in Asset clases: it is very true, too much liquidity around will cause problems.

Bottom line is: Small lots like you say, we can buy small lots but provided we are ready to sell Big lots when the markets go up.
Now our motto should be to sell on every Rise.?
What say ?

rajesh.sadhanala · #7 1st August 2007, 07:33 PM

Quote:

Originally Posted by uasish

maxmak,
Now is the time to gear up fully for identifying good Buys.Nifty's fall will be arrested to-day or tommorrow ,if we wait to research later after the fall gets arrested,then we cant buy cheap.I know it is Risky to catch a falling knife,but be prepeared to enter your buys at 1st chance with small lots.

Asish

Buying cheap is always good and accumulation at lower levels was always good. We cannot confirm that Nifty fall will be arrested today or tomorrow, it is even possible that we can go Intermediate downtrend (no logic behind). I prefer wait and watch game at this point of time since it is not confirmed on either side. I know that you as a full time trader must have a strategy to beat the market.

Raj

uasish · #8 1st August 2007, 10:16 PM

My word "To-day or Tommorrow" may have a chance of misinterpretetion ,by to-day or tomorrow i meant near future not today 1st Aug (the post is post mkt) or to-morrow the 2nd August.It was more a colloqiual term.
Rajesh,
We are always prepeared as a Trader,you know it better ,the above post was more for Short Term investment for few months time frame.
Asish

gptalreja · #9 1st August 2007, 10:22 PM

good you reminded me now market has slide down let us see how it is climbing