Some Good Steals...

AMITBE · #**2071** 8th November 2005, 12:02 PM

Quote:

Originally Posted by koolprakash

Hi Amit,

I had bought Indiabulls @ 188.75 (CMP: 158.3)

This stock is looking more like a momentum stock with lot of range-bound movement. The fundamentals look awesome and the management is indeed great. Personally, this is one of my favourite stocks and I too am confident of the long term perspectives but they have been going through a rough patch which might be hurting the sentiment.

Please let me know the near term trend of this stock?

Thanks,
Prakash

Hi Prakash...for all its great fundamentals, Indiabulls is being dragged over coals...it's playing out some karma it seems. I'm not too concerned at the price action for now as the great fundamentals will have to prevail at some point. The market is extremely frivolous and flighty in nature and will react very sensitively to the slightest of reasons, and this counter is being subject to this behaviour.
The day there is some good news on this, meaning an official clearance from SEBI on its role in price manipulation recently, it should shoot up rapidly...it's really a great buy at these levels...a steal indeed. The other factor working against it is the recent Bombay High Court's stand on sale of property by certain mills where Indiabulls had picked up some very valuable propert a few months ago.
For the near term however, below 140 is the danger level. It's come off intraday low at 143 a few sessions ago, so at lower levels there is increased buying support. Watch this level carefully, but even then this is all temporary and will pass in time. Climbing and closing above 154-162 should be the immediate goal.
Regards.

AMITBE · #**2072** 8th November 2005, 12:15 PM

Quote:

Originally Posted by roneeth

Hello Amit!

Thanks for your guidance ,
Yes REI agro has done very well...What should be the stoploss ? Had a good profit booking yesterday i guess..

Regards

Roneeth

I remember 197 as your entry Roneeth? It's caught a good trend for now and closing above 214 would extend it to 220 or so as of now. See how it goes and update.
203 should be s/l as the trend appears firm and we can review this at close today.

AMITBE · #**2073** 8th November 2005, 12:28 PM

Quote:

Originally Posted by faifar22

HI amitbe
Is it advisable to enter ARVIND MILLS CMP 111 AND INDOCOUNT TEXTILES CMP 30.50

Hi faifar22..long time no see...been well I trust?
Arvind Mills I wouldn't wish upon my enemy, it's so treacherous. Some day, some ol' day, it will be Arvind's but till that day arrives, let's be off it.
First it should close above 119. Then 123, and then 129. Then 134 and then 140 and 143. How and when it does this is beyond me.
I'm sure there are better buys than this and I'd encourage you to look elsewhere.
Take care.

Sabyasachi · #**2074** 8th November 2005, 12:39 PM

Hi Amit,

Finolex Ind is attempting to cross 80.. will it be advisable to get in at these levels.

Please let me know.

Thanks.

AMITBE · #**2075** 8th November 2005, 12:57 PM

Quote:

Originally Posted by Sabyasachi

Hi Amit,

Finolex Ind is attempting to cross 80.. will it be advisable to get in at these levels.

Please let me know.

Thanks.

Hi Sabyasachi...no, I'd not advise that at all. Closing above 82 may have given it strength and would have been an entry till the results came recently. But now it's going to be weak at higher levels as the results are not too good. This rally should be taken to exit positions only.
Regards.

Sabyasachi · #**2076** 8th November 2005, 12:58 PM

Quote:

Originally Posted by AMITBE

Hi Sabyasachi...no, I'd not advise that at all. Closing above 82 may have given it strength and would have been an entry till the results came recently. But now it's going to be weak at higher levels as the results are not too good. This rally should be taken to exit positions only.
Regards.

Thanks Amit.

roneeth · #**2077** 8th November 2005, 01:02 PM

Quote:

Originally Posted by AMITBE

I remember 197 as your entry Roneeth? It's caught a good trend for now and closing above 214 would extend it to 220 or so as of now. See how it goes and update.
203 should be s/l as the trend appears firm and we can review this at close today.

Hello Amit!

Thanks for the prompt response..Yes 197 is my entry,amazing you remember...wonder how you do that?
Satnam is showing good movement with intraday high of 101
Petronet LNG at 65

Regards

Roneeth

smatrix · #**2078** 8th November 2005, 01:45 PM

Hi Seniors ,
could you pls tell your views on following.
Should i hold or exit them?

SAIL 100@66
WIPRO20@406
Geometric50@89
HINDALCO@153
ASHLEY200@30.3

Thanks,
Shirish.

ssnkumar · #**2079** 8th November 2005, 02:43 PM

For more than a week I didn't get any mail from this TA!

I was wondering why nobody is speaking and visited it today.
I have missed most of them.

I don't know why I am not getting any mails!!
Still I see that, I am subscribed for "Instant email notification".....

Any idea, what went wrong?

Currently, I am getting mail from only one of the TA's (I have subscribed to 5 TA's).

Regards,
Narendra

AMITBE · #**2080** 8th November 2005, 02:46 PM

Quote:

Originally Posted by ssnkumar

For more than a week I didn't get any mail from this TA!

I was wondering why nobody is speaking and visited it today.
I have missed most of them.

I don't know why I am not getting any mails!!
Still I see that, I am subscribed for "Instant email notification".....

Any idea, what went wrong?

Currently, I am getting mail from only one of the TA's (I have subscribed to 5 TA's).

Regards,
Narendra

Hi Narendra..dunno buddy....
This TA must be ta ta....as in bye bye!

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