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

SBI today crossed 1900. Just another 8100 to go for 10000

Cheers
Parv

hellooooooo to all

YOU WILL DEFINITELY , if you hold it for another three more years, not kidding.......

there is a huge demand for psu banks and SBI is the top most. the picture may not look that demand is there for psu banks but every FII is eager to buy the psu banks but they cannot buy as of the govt limiting them to buy. after march 2009 the govt is going to open the doors for foreign banks . there are foreign players who are eager to pay upto 500 to 700 million for bank license. and the interest cycle in india is peaked out.


Good luck for your 10000 per share in SBI

SBI crossed 2000 and just another 8000 to go for 10000.

Parv

Hi R.S. Iyer,
According to your statement on Aug 28th that novices and Parv who would have invested SBI around 1600 levels. As said by you it took a loooooooooooooooooooooooooong time to reach Rs. 2000/- (less than 2 months ). Now according to your prediction or analysis in how many hours or minutes will SBI zoooooooooooooom down to Rs. 500/- and stangnateeeeeeeeeeeeeeee there.
All the novices including me want your expert advice regarding this matter asap, so that we can do the needful at the earliest.



Parv

SBI will never quote 10,000 before it could reach ...stock split will takes place ...lol ...lol you will miss the number...lol

well, i do agree it is highly preferred stock and it will beat every stock in nifty ranking sooner or later.

thumbs up to ur analysis

suba

SBI today crossed 2100 and just 7900 to go for 10000

Cheers
Parv

SBI today crossed 2200, so just another 7800 to go for 10000

Parv

Parv,
I did not mean or passed any sarcastic comments upon any one in this forum until today. For that matter, you may read my first post in this thread (when some one was passing sarcastic comments upon you). I made my position clear.

Now coming back to your above quoted post. I never put Rs. 2000/- or Rs. 500/- as target prices for SBI. They were quoted only as an example as to what might have happen if one concentrates all his money and attention upon one single stock. For that matter you may read my earlier posts in this thread all over once again. Time and again my attempt was to warn you not to get obsessed with one single stock.

As said earlier I never owned even a single SBI stock in my entire life time. Still that did not prevent me from making a SWOT analysis, of course on my own and with whatever a little knowledge I had about that stock. Certainly, I am not a fund manager nor do I have any information or resources to make an expert analysis. Nor do I claim to be one. You read the entire thread once again. How many posts do you find useful here? How many posts imparted knowledge about this stock or this company to you? Whatever may be its value, how many posts did you find useful in making investment decision about this stock?

Now the question is why did I sound this warning to you? Because, I myself landed in such an experience and I have found that it is quite a painful experience for being getting stuck like that. Fortunately, I did not concentrate all my investment upon that single stock.

Am I bothered about SBI? Am I prejudiced against SBI? Answer is a definite no. As long as I am having a few rocking shares like Walchandnagar, REL, RIIL, India info etc., why should I bother about SBI. I am deeply in profit and I am maintaining my stop loss.

If you still feel annoyed by my earlier post or for that matter any of my posts in this forum, I am extremely sorry for that.
Hope this clears all doubts
Thanks and regards
R. S. Iyer

Parv,
Please do not misunderstand this post. I tell you again. My intention is not to redicule you or to find fault with you. I do not intend to annoy or downgrade you in any manner.

Let me explain a little bit more. Just see how much an obsession cost you already. If you analyse it carefully and think over and over again, you will notice that you have an ego to prove that you are right with your analysis. You are concentrating all your energy on one single stock

Instead why can't you think in this manner?

It is my money. One day it assumes the name SBI and on the other day it assumes the name Reliance and on the next day TISCO. Whatever the name may be, ultimately it is my money. There is just the change of the name. That is all. My whole and sole intention is to grow it. As fast as possible and as large as possible and as safe as possible by taking minimum risk. I am not bothered about the temporary names that my money assumes. I am in the market only for this purpose. To grow my money as I said earlier.

Many think it in this manner. I am owning shares of SBI. SBI is a best company. SBI is a best share. It will grow from Rs. xxxx to Rs. xxxxxxx in xxxxx period. While think so and without being aware of it, these persons fall in love with SBI. They stop thinking that it is your money and not SBI. The trap is here. By the time you make Rs. x amount money in SBI shares, there are many other shares like RIIL, Wlachandnagar, Jindal Steel, India Info etc. which have rocketed many times ahead. Had you invested in these companies you would have made 5x money than what you have made in SBI. Got the point. Still confused? You made your first post in this thread on SBI on 25/08/2007. Just see the chart of SBI from that day to today. By investing in SBI, from 25/08/2007 to 03/11/2007 you would have made about 50% gains. Had you invested in RIIL, walchandnagar etc. what would be the money that you might have made?

Think again. What do you have to prove? To whom do you have to prove? Do I know you? DO you know me? For that matter whatever amount of money that you might have made or that you may make here after, does it really matter to me or to anyone in this forum? Think carefully. You will notice that it is nothing but a question of ego and pride. Keep it aside. You will be able to see many new things. You will be able to learn many new things.

Last but not least. Trading is a business. Note that there is no quarrel in business. Only compromises in business. If you quarrel with your customer/partner/supplier or for that matter with any person who is even remotely connected with your business, will you succeed?
I hope I have clarified the matter further.
Thanks and reagrds
R. S. Iyer