|
|
| Discuss Doubt Relief !! at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Thanks Kartik in the Hindalco briefing..i was as concenred as Shirish and thanks to him ... |
|
|||||||
| Notices |
| Equities Discuss & analyse stock market news, views, trends and your favourite stocks here. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#21
22nd November 2005, 12:02 PM
|
|||
|
|||
Re: Doubt Relief !!
Thanks Kartik in the Hindalco briefing..i was as concenred as Shirish and thanks to him for getting this issue across... this forum gr8.cheers Lawrie
|
|
#22
22nd November 2005, 02:10 PM
|
|||
|
|||
|
Re: Doubt Relief !!
Hi Kartik,
One more trouble regarding IFCI. I took the position yesterday when it was down to 12, and today it went to 9.9 and now floating below 11. Your kind advise please. Regards sjoshi
|
|
#23
22nd November 2005, 03:26 PM
|
|||
|
|||
|
Re: Doubt Relief !!
Quote:
Hi Karthik, One article regarding IFCI is really making me more nervous, http://news.moneycontrol.com/backend...190465&sr_no=1 Please advise me on this..so that I can make exit or hold if there is some hope Regards sjoshi
|
|
#25
22nd November 2005, 03:55 PM
|
|||
|
|||
|
Re: Doubt Relief !!
Quote:
For inspat ind please go thru this link http://www.traderji.com/equities/465...ndustries.html Regards sjoshi
|
|
#26
22nd November 2005, 04:14 PM
|
|||
|
|||
|
Re: Doubt Relief !!
Quote:
Joshi Sorry for the delay in replying. Normally I don’t track such stocks and had to collect some info. As of October 11 there was a news about LIC showing interest in taking over IFCI. However the chairman of IFCI said in a interview that he was not aware of any such thing. The government is keen for IDBI to take over IFCI whereas IDBI is very reluctant to take it. The accumulated loss of IFCI is about 4700 cr against a capital of 1700 cr. IFCI is currently concentrating on recovery of NPAs only and is not concentrating on any new exposure. Things may change for better. Finally IDBI may be forced to take over. But I don’t see it happening in the near future. Of course Chances of liquidation is also looks unlikely because it is a public sector enterprise. So currently the situation is not as grim as made out in the article. However considering all the above I feel there is no point in holding on in the hope of recovery. Your money could be better invested elsewhere. I suggest to exit at the next possible rise. You could also put a stoploss to curtail your losses. I always bang my head on the wall trying to figure out why people put their hard earned money in loss making and BIFR companies. Please do look into the company you are putting your money into. It is always better to invest in sound companies. regards
|
|
#27
22nd November 2005, 08:28 PM
|
|||
|
|||
|
Re: Doubt Relief !!
Dear Karthik,
Can you help me in Sujana Metal Products? This company is in the business of Transmission Tower. The results as available in BSE site are good ---- showing profit growth in the recent quarters. Company is aiming to be leader in transmission tower business. Company has raised FII limit. The scrip was previously in Z-group, then shifted to B2 group. I took position at a price of 86 ---- after it came down from a high of 106. But during recent market fall, price went down to 54 and now moved up to 65 and seems getting consolidated at this range. Should I hold it? Trading learner
|
|
#28
23rd November 2005, 12:48 AM
|
|||
|
|||
|
Re: Doubt Relief !!
Quote:
Normally I do not track the BSE shares. Since I do not have the data for this stock I am unable to give good TA of this one. Here is what I have gathered. Technically the short term trend is bearish as the 3 day ma moved below the 13 day. The long term is also bearish. The medium term trend currently looks ok. Yes.. it touched 52 during the recent correction and then made a higher pivot low at 55. Then it moved up further to 65 and currently correcting. If it falls below 55 then it will go down further. So it is better to exit if it takes out 55. On the upside if it takes out 70 then you will see upward movement. The company is a profit making company and its last quarter results is better compared to the same period of 2004. Of course the previous quarter result were much better. But we can discount this because the very good results were because of some “other items” added to the profit. But there has been consistent improvement in the result in the last several quarters. Also the company has issued 85 Lakh preferential shares at a rate 62 Hence 62 may provide a good support level. The money will be used for their facilities in AP and setting up a new plant in Chennai. Also the debt restructuring agreement with IDBI should help the company. Considering all this and the fact that you have let your losses run you may hold it for now. But do exit it if it goes below 55. Hope this info is helpful. We will evaluate this again after some time. In future do work with stop loss. If you had worked with stoploss then you would have been stopped out say 80 and you could have invested it elsewhere and may be sitting on a good profit today. Now you are sitting on a much bigger loss more painful to accept. Anyway learning the hard way is part of this game.. warm regards Karthik
|
|
#29
23rd November 2005, 09:31 AM
|
|||
|
|||
|
Re: Doubt Relief !!
Quote:
Hi Karthik, Thanks a lot for the great feedback. I am really thankful to you. Your last lines are really awaking me not to put money blindly. Thanks a lot once again. Kind Regards sjoshi
|
|
#30
23rd November 2005, 12:19 PM
|
|||
|
|||
|
Re: Doubt Relief !!
Dear Karthik,
Thank you very much for your kind response and analysis. Ok I will hold it for now and will see the support levels. Regards, TradingLearner
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Doubt Relief !!
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| silly doubt for intraday | ibmisp | Beginners Guide | 1 | 4th August 2005 09:36 AM |
| Small Doubt | nkpanjiyar | Fundamental Analysis | 3 | 11th March 2005 08:07 AM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
