please advice and help me

#1
Dear Folks,

I am in trouble.
I took CNBC awaz tip from Rediff and bought HPCL at 531.15 on 02.09.10 when it dipped, without knowing that 1st was last day to buy for divident declared and executed on 03.09.10.
Thus my share dropped drastically to 510 next day (today).
I hv blocked Rs 53,000 now and in a fix (Rs. 2000/- down)
HPCL shares as on 03.09.10 looks bleak and no chance to bounce back to 535 etc. in near future perhaps.
What to do best ??

P.S.
 

SavantGarde

Well-Known Member
#3
Looks Like You Have Jumped To.... Too Many Conclusions Without Giving Much Thought.... Especially.. " looks bleak and no chance to bounce back to 535 etc. in near future perhaps." Or Even Ex-Date For Dividend Correctly....

Signs Of A Trader Ready To Press The Panic Button....

Now Coming To The Brass Tacks......

a) NEVER Buy Anything Based On News... Either FromTV Channels Or Newspapers.

b) Check The Intraday % Range Of HPCL.... It Is Pretty Huge & Has Done Several Times 4% In The Last Month.

c) Between 539-545 Exit Whenever You See The Price....

You Will Not Need To Wait Forever To See The Abovementioned Price.... You Should Be Able To See It In The Current Month Itself.


Happy & Safer Trading

SavantGarde


Dear Folks,

I am in trouble.
I took CNBC awaz tip from Rediff and bought HPCL at 531.15 on 02.09.10 when it dipped, without knowing that 1st was last day to buy for divident declared and executed on 03.09.10.
Thus my share dropped drastically to 510 next day (today).
I hv blocked Rs 53,000 now and in a fix (Rs. 2000/- down)
HPCL shares as on 03.09.10 looks bleak and no chance to bounce back to 535 etc. in near future perhaps.
What to do best ??

P.S.
 

adityasaraf007

Well-Known Member
#4
Savantji, I am a silent follower of Traderji and follow your threads as well.

In your post you adviced him to sale the shares between 539-545. I understand that this is the resistance zone for short-term as it has dropped after touching these levels for about 6 times.

I also hold the shares of HPCL and my holding period is medium-term to long-term. Would you also advice me to sell them.
 

SavantGarde

Well-Known Member
#5
Hi Aditya,

There Is A Major Fundamental Change In OMCs Including HPCL...

While I See The Crude Edging Upto Atleast $88-92... At One Time Such A Move On Part Of Crude Would Have Shaved Off 25-30% Of Share Prices. This Time Around There Isn't Going To Be Such A Strong Down Move In OMCs.....Due To Controlled Pricing Structure

... OMCs Are Still Very Underowned By Funds...Except For IOC Which Although Still Underowned But Not To The Extent Of HPCL & BPCL.

My Sincere Advice Would Be That You Turn This Into A Serious Long Term Investment.... & Don't Be Surprised To See Their Respective Prices Double From Current Levels In About 12-15 Months.... Big Funds Are Finding Difficulty Trying To Pick Large Cap Stocks That Are Reasonably Valued... There You Have One More Reason For Holding.

While My Advice To The Other Member To Sell Between Certain Levels Was Based Purely On The Fact That He Had Entered The Scrip For A Few Days... But His Mistake Was Not Tracking The Crude Oil Prices...:)


Happy & Safer Investing

SavantGarde


Savantji, I am a silent follower of Traderji and follow your threads as well.

In your post you adviced him to sale the shares between 539-545. I understand that this is the resistance zone for short-term as it has dropped after touching these levels for about 6 times.

I also hold the shares of HPCL and my holding period is medium-term to long-term. Would you also advice me to sell them.
 

SavantGarde

Well-Known Member
#6
P.S.

Hope You Managed To Exit HPCL Today


Happy & Safer Trading

SavantGarde

Dear Folks,

I am in trouble.
I took CNBC awaz tip from Rediff and bought HPCL at 531.15 on 02.09.10 when it dipped, without knowing that 1st was last day to buy for divident declared and executed on 03.09.10.
Thus my share dropped drastically to 510 next day (today).
I hv blocked Rs 53,000 now and in a fix (Rs. 2000/- down)
HPCL shares as on 03.09.10 looks bleak and no chance to bounce back to 535 etc. in near future perhaps.
What to do best ??

P.S.
 
#7
Dear Friends,
Further to above,

Please tell me, where can i find the flwg:
1. Intraday % range of the script ??
2. Range of swing of the script
3. When the co. normally declares dividend/bonus and when it executes

Thanks,
P.S.
 
#8
Dear Friends,
Please tell me wher can I find the flwg :
1. Stamp duty by brokers. Can they apply stamp duty even all over india.
For eg. Angel charges 0.01 for delivery which is high?
But in T.nadu where i stay it is only 0.0004%, but angel charges 0.01
Also SEBI charge how much is it. Is it 0.0002%.
STT - Is it charge for both legs of delivery ?

Thanks,
P.S.
 
#9
Re: Need Help From U Guys

Dear Friends,
I need advice.
I bought "Greenply" on 04.09.10 at 215.5 believing it would go upto 280 in 1 months time as per news.
But i see now on 13.09.10 it has fallen to 210.
What shud i do. Hold it long or sell it of at loss at 210 - 212 .
Pls advice

Suku
 
#10
Hi I hav some doubts in the share terminologies

For Instance I buy a share on 15-Sep-2010, whose Ex-Date is 16-Sep-10 and the BC start and End date are 20-Sep to 27-Sep. As I hav bought the shares a day before Ex-date,
1) can I enjoy corporate actions said by the company and
2) how long should I hold these shares for getting the dividend.
3) If I am eligible in how manys days will I get my dividend amount credited to my account.
4) How does the BC start and end days relate to holding the shares.

Regards
Karthik Swaminathan
 

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