Pacific Cotspin??

Has anyone heard of this stock? I unfortunately bought this after looking a news on moneycontrol.com.It's not doing good at all. Do I sale it whatever loss? Need advice from someone.

hai panchu,

PACIFIC COTSPIN IS A COMPANY ENGAGED MAINLY IN THE PRODUCTION OF COTTON YARN AND ITS WORKS IS IN WEST BENGAL. ITS DIRECTORS HOLD AROUND 36% SHARES OF THE COMPANY AND IT IS CURRENTLY MAKING LOSS. AS IT HAS ALMOST COME TO THE MOST BOTTOM SIDE AT AROUND RS.12/- IN MY OPINION IT IS BETTER TO HELD AND DISPOSE AS AND WHEN A GOOD RALLY APPEARS. CONSIDERING THE CURRENT PRICE, THERE IS LITTLE DOWNWARD RISK AND AS IT IS IN THE TEXTILES FIELD, WE SHALL HOPE FOR THE BETTERTIME FOR PACIFIC COTSPIN.

REGARDS.
SURESHIB

post this thread to amits some good steals, where amit can help you

regards
suja

Hi panchu, if you had posted your entry point it would have been easier to give suggestions.
However, it has to close above 14 to give an early sign of a recovery. Do post your entry.
Regards.