I want to sell SBI @ Rs.10000 per share - Not kidding

Parv · #31 28th August 2007, 10:06 PM

Quote:

Originally Posted by RSI

Ratan at his usual best once again. I like that

I have no problem if he sells it at Rs. 20000/-. I will be far more happy if he sells it at Rs. 50000/-

But the real problem is this. He seems to be "pretty sure" that it will go to Rs. 10000/-. He is advocating that one should put the whole trading capital on this one stock. Neither I nor you nor other veterans here will do that. But what about a novice? These novices are attracted by these types of statements. They will buy at Rs. 1600/- hold it for loooooooooooong time by which it will go to Rs. 2000/- and come back to Rs. 500/- only to stagnate at Rs. 500/- for years. That is the end of their trading carrier. I do not want that to happen to any of the members here including Parv.
Regards
R. S. Iyer

Hi RSI,
I have invested only for 50 shares @ 802 & the rest of the shares I have been adding on the profits generated in trading SBI. So my average investment is far far less. And I have not advocated anyone to buy (not even the so called baffoons or the greatest people in the world

). I just put my theory to the forum, does not mean that everyone should buy tomorrow & day after tomorrow count the money. Let's c where this goes and I definitely hope for the best to happen.

Rgds
Parv

THETRADER · #32 29th August 2007, 07:53 PM

Is there a face value in NA? Not to my knowledge. (This about Citibank).
Well, SBI (Not SBIN) have traded at 10k, 20k levels just like that - Got to go back to history. So, it can trade at 10k levs in future. Maybe, SBI with Two hundred thousand crores tucked away somewhere (Wow, it's a whopping figure even in US, and, I heard of cos keeping some funds to meet the Wall st expectations by a cent or two, but never heard of this kind of money - Boy, India is RICH....), can buyback its shares as they are valued by the market very less, and, reduce the outstanding shares, boost EPS! Maybe, if I could of someother way, will post again. Boy, I enjoyed reading this thread.

johnbest · #33 29th August 2007, 10:53 PM

dear friends

pls forgive Parv..........or

BTW, why are you making fun of him......let his grand grand son sell @ Rs.10000.00..

Well, I am not going to wait till Rs. 10000.00. (nor should Parv otherwise...
I remember a story, a man plant mango tree and the beneficiaries are his grand son

)

sorry dear Parv cant stand still......Actually I was 2nd to read you thread...
thought should write the same at that time but was not interested in making fun of you....but today cant stop myself.....Pls dont post such funny things bcoz they might ruin some freshers......and their grand grand son wud blame them...so for the future of our country dont do such thing....

Pls dont mind.....

have a nice day
JB

yoogi · #34 30th August 2007, 07:19 AM

Parv is a trder and he knows what he is doing. So it is not for him, but it is to others who were attracted by his views.

(those who were not attracted by his views already knows all the caveats behind his approach).

Well, anything can happen in 3 years.

A internet/mobile-access only bank account with "no fees attached" can become popular. It might benefit SBI or it could ruin SBI.

SBI MF can put its foot in wrong places (did any one of you ever thought US sub prime market could be a global issue?) just like how UTI did for its investors in dot com bubble and could wipe out all good will it has earned so far.

Its employee force can become a head-ache to it by costing more money to them than any other bank. It probably cannot become slim.

Assume an extremely pessimistic event. An accounting fraud is found and one of its senior manager is arrested and he kills himself in prison. (If you think it cannot happen in a blue chip, think ENRON). That time no body knows whether bank owes to its depositors more than its assets. How much will be the stock price of SBI the next day?

Ask any banking & Fin experts and they could throw light on few more risk factors.

well, I trust and bank with SBI. But any of these things can happen or already happening. Every investment is made with a risk. Always analyze the risk.

Dont follow a FD approach / SIP approach in any single script. You may do it on a index or portfolio. But doing it on a single script is dangerous.

Also remember, FD offers better liquidity than stocks. In any time after investment, you can exit with small profit. but in stocks, (even in a portfolio or index) you need to time your exit for profit.
No stock, mark my words, No stock is worth an FD in terms of relative safety. No matter how good a stock is, it is demand-supply that determines the price and demand-supply can change in MINUTES.

bombaytrader · #35 30th August 2007, 01:10 PM

10000 dosent really seem completely unimaginable. If the stock price went up by about 20% a year it could get somewhere there in 10 years (I know hes expecting it to get there in 3-5yrs). Some of you might say that it isnt necessary that it should go up by 20% and there could be recessions or whatever else but at this point I don't see why it can't. Anyway as a 3-5yr investment theres nothing wrong with SBI whether it gets to 10000 or not I don't think this guy is likely to loose money on it so why bother.

ratan jain · #36 30th August 2007, 01:18 PM

Arre Bombay bhai,

He says short term!

3 to 5 years is short term?
I wonder what he would call intra day then

kkseal · #37 30th August 2007, 02:06 PM

Quote:

Originally Posted by ratan jain

Arre Bombay bhai,

3 to 5 years is short term?
I wonder what he would call intra day then

One is Salwar/Saree & the other is Micro/Mini

In Indian mkts the former sells a lot more than the latter

kkseal · #38 30th August 2007, 02:10 PM

There's one index stock in which even the Micro/Mini traders trade day in & day out that's actually priced at 12500+ & has given a 525% return since 2004. So it's not unimaginable at all. (Whether SBI reaches those levels is another issue)

Regards,
Kalyan.

Parv · #39 30th August 2007, 08:46 PM

Quote:

Originally Posted by johnbest

dear friends

pls forgive Parv..........or

BTW, why are you making fun of him......let his grand grand son sell @ Rs.10000.00..

Well, I am not going to wait till Rs. 10000.00. (nor should Parv otherwise...
I remember a story, a man plant mango tree and the beneficiaries are his grand son

)

sorry dear Parv cant stand still......Actually I was 2nd to read you thread...
thought should write the same at that time but was not interested in making fun of you....but today cant stop myself.....Pls dont post such funny things bcoz they might ruin some freshers......and their grand grand son wud blame them...so for the future of our country dont do such thing....

Pls dont mind.....

have a nice day
JB

Hi JB,
I can understand that 10000 for SBI is beyond your imagination. Just One year back if some one had said that IFCI is going to go from Rs. 8 to Rs. 100 in 3 to 5 years time, you would have still laughed and would have said your grand grand son wud have...bla..bla...bla. But within a year its now already 60+.
So there's nothing funny about any theory. SBI has all the credentials of a good fundamentally strong stock. I still believe in my theory and hope for the best to happen.

Parv

soody · #40 30th August 2007, 09:36 PM

Quote:

Originally Posted by soody

Oh !! what an excellent idea to pump SBI to above 1600 before aug expiry!

Yes it hit 1600 today!!!

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