Advice reqd. on Satyam & Rcom

#1
I am new at share trading. I had bought shares of satyamcomp for Rs 102 and today it closed at Rs 86.70; And I bought Rcom at Rs 169 and today it closed at Rs 144.75. What should I do with these shares? Short Sell, Average or just sell and cut the loss?
 

desifxtrader

Well-Known Member
#2
I am new at share trading. I had bought shares of satyamcomp for Rs 102 and today it closed at Rs 86.70; And I bought Rcom at Rs 169 and today it closed at Rs 144.75. What should I do with these shares? Short Sell, Average or just sell and cut the loss?

Hi Homer,

When you yourself didnot knew in the first place the very reason exactly why you've got into the trade and no plans whatsoever about an emergency exit, why did you initiate the position? What were you thinking about?

You really & trustfully believe that other's opinion would make you money don't you?



Courtesy: Mark Crisp, 7 Habits of a Highly Successful Trader

Best of Luck my friend.
 

magnet

Active Member
#4
l& t told cnbc they are looking for options to exit the stock..as tech mahindra is not offering them financials..

Whereas i read somewhere 80% of their old accounts have been reinstated but continuous cbi taking papers of accounts is creating problem to tech mah to complete the report....
 

rajeabc

Well-Known Member
#6
shares of satyamcomp for Rs 102 and today it closed at Rs 86.70; And Rcom at Rs 169 and today it closed at Rs 144.75.
Satyam Comp : Keep it for long term if you can. ONce they disclose their result then it will be clear . I am sure it would give you more than decent profit if you can hold it for long term.

Rcom : It seems downfall is still there in communication companies. So wait, if you want to average do it around 120-125 when it reaches. It should reach 169 in short term time.
 
#7
Thx guys for all the advice.

@niftylover: I started investing in stocks a few months back and my knowledge of the stock market was almost zero then and I'm still very much in the learning phase. Hence, my investments is pretty low at the moment.
 
#8
Rs.102 looks like a distant dream. Stock clearly in downtrend. Exit on pullback to Rs.90-92




Again wrong stock selected [stock <200DMA].
Try and exit around Rs.153-155


One advice - do not invest in stock that are trading below their 200DMA.

Regards,
Bart


Hi frnd...
How can you decide with dis chart...?? i m very keen to learn and study graph...can u suggest how i can study charts
 

alroyraj

Well-Known Member
#9
I am new at share trading. I had bought shares of satyamcomp for Rs 102 and today it closed at Rs 86.70; And I bought Rcom at Rs 169 and today it closed at Rs 144.75. What should I do with these shares? Short Sell, Average or just sell and cut the loss?
At the very least if you look at some charting software or even free graphs of end of day price charts on most broking website you will atleast know when not to enter. Hence here at traderji ,chart facility is always stressed. :thumb:
 

Similar threads