New Intermed Uptrend!!

yankie · #**951** 1st October 2005, 06:12 PM

Buy small quantity of Manali Petro @ CMP
accumulate this stock if correction is there

short term target = 25 (3-4 week)
medium term target = 50
long term target = 75 (maximum 1 year)

Saint · #**952** 1st October 2005, 07:35 PM

Quote:

Originally Posted by albertpravin

Buy low, sell high.
For decades it's been a market mantra. Buy a stock just as it hits bottom, sell at its peak, and you'll get rich quick.Too bad it's not that easy. No one can know for sure when a stock will hit bottom. As a general rule, stocks and markets that go up tend to keep going up while those that go down tend to keep going down.

The result? Try to buy a falling stock, and you'll usually get burned.

Consider the reasons for a stock's descent. In many cases, a stock that falls is merely following the lead of the broader market. Since three out of every four stocks follow the major indexes' lead, buying in a bear market is a recipe for disaster.

A stock may also fall if the company runs into hard times. A younger, hungrier rival may grab market share. Its core product may become obsolete. The economy may go into a downturn, hurting the industry.

Sometimes the reasons for a decline can be more benign. No stock can go up forever, and yours may simply be forming a new base.

But you can't accurately predict exactly when the stock will hit the bottom of its base and surge back up.

research shows that the best combination of upside potential and lower risk occurs when a stock breaks out of a sound base. Rather than buying on the way down, buy only during breakouts and you'll increase your odds of success.

regards,
Pravin

Very Nice Pravin.........great stuff!!

Saint

phoenix · #**953** 1st October 2005, 07:45 PM

Hey Saint,
A 1000 posts!!Wow.......great going ,my friend.Like how all the others put it,looking forward to 1000's more from you.

Great posts,great heart,my friend!!Never stop.........

Phoenix

xtiger · #**954** 1st October 2005, 08:03 PM

yankie, you have many scrips to suggest. Why don't you do in one thread as saint, amit ravi et all are doing. your pick seems good.

phoenix · #**955** 1st October 2005, 08:08 PM

Quote:

Originally Posted by yankie

Buy small quantity of Manali Petro @ CMP
accumulate this stock if correction is there

short term target = 25 (3-4 week)
medium term target = 50
long term target = 75 (maximum 1 year)

MANALI PETRO is in a downtrend on the daily,with a bearish engulfing pattern on the monthly.....the 13ema that it has taken support from is cracked.

Buying now is catching a falling knife.......wait for some signal first!

Phoenix

phoenix · #**956** 1st October 2005, 08:14 PM

Quote:

Originally Posted by albertpravin

Buy low, sell high.
For decades it's been a market mantra. Buy a stock just as it hits bottom, sell at its peak, and you'll get rich quick.Too bad it's not that easy. No one can know for sure when a stock will hit bottom. As a general rule, stocks and markets that go up tend to keep going up while those that go down tend to keep going down.

The result? Try to buy a falling stock, and you'll usually get burned.

Consider the reasons for a stock's descent. In many cases, a stock that falls is merely following the lead of the broader market. Since three out of every four stocks follow the major indexes' lead, buying in a bear market is a recipe for disaster.

A stock may also fall if the company runs into hard times. A younger, hungrier rival may grab market share. Its core product may become obsolete. The economy may go into a downturn, hurting the industry.

Sometimes the reasons for a decline can be more benign. No stock can go up forever, and yours may simply be forming a new base.

But you can't accurately predict exactly when the stock will hit the bottom of its base and surge back up.

research shows that the best combination of upside potential and lower risk occurs when a stock breaks out of a sound base. Rather than buying on the way down, buy only during breakouts and you'll increase your odds of success.

regards,
Pravin

Nice one,Pravin!

Phoenix

xtiger · #**957** 1st October 2005, 08:17 PM

Quote:

Originally Posted by Traderji

The mantra for profitable trading is

BUY HIGH, SELL HIGHER

Great Traderji. Bull run gives this opportunity.

xtiger · #**958** 1st October 2005, 08:21 PM

dear saint,
what abt PNB. can we hold/ sell or buy. Its cmp is 450

Saint · #**959** 1st October 2005, 09:31 PM

Quote:

Originally Posted by phoenix

Hey Saint,
A 1000 posts!!Wow.......great going ,my friend.Like how all the others put it,looking forward to 1000's more from you.

Great posts,great heart,my friend!!Never stop.........

Phoenix

Hi Phoenix,

Thank you for those kind words....most appreciated!

Saint

avinash · #**960** 1st October 2005, 09:34 PM

Hi Saint,

No Candle stick lessons over the weekend??(Hint!!)

Avinash

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