Delivery trades for over 50% gains p.a.

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rh6996

Well-Known Member
#21
hcl is very volatile now, risk apetite is over the counter, it can go down 40% but surely not going up anyfurther.
Okay, thanks for your input. Shall try to maintain strict discipline and keep a SL and exit on close below 1578 ! Intraday SL comes to 1534 ! So unless it opens with a big lower gap (which it can) I feel I will be covered! :)
 

rh6996

Well-Known Member
#22
Don't. if you're looking for dirt cheap stock, consider cairn india.
Thanks ! Already hold Cairn bought at ~320 in August 2014, I saw 344 and thought worst is over as mkt was also trending up ! From 344 I kept 'hoping' and Cairn kept on sliding and ultimately booked losses at 317.70 in last week September. It went down to touch almost 270 and CMP is now 285 ! Would enter small quantity now and add more when it shows signs of going up! :D
Regarding Jindal Steel my thought process was :
It did a low of ~31 after the adverse news, which was higher than the low it made in Feb 2014 and the volume now compared to Feb when it hit a muliti year low was lower ! It made higher low with lesser volumes and when it started to move up and seems to have consolidated ~34.40 ! So a move above 35.05 should confirm an up move !
But heeding to PT and your advise shall limit my exposure to smaller qty. ! Thanks for taking interest !
 

rh6996

Well-Known Member
#23
hmm.. holding period less then 1 year = 15% tax on capital gains!!..
Thats true, but paying 15% tax on a gain of ~9000 in less than a week should be permiited ! :D We have our Capital free to deploy elsewhere.
I already hold 34(original qty.) plus bonus recd. from IPO of TCS and some purchase made at around ! And shall not sell it in my life time ! (hopefully) Plan to give them as gift to my daughters ! :p
 

rh6996

Well-Known Member
#29
Am holding 700 Cairn bought;
200@ 320
400@287
100@275

Sold 700 today at 271 at open. Booking ~18000/- Loss :mad:
But reentered at closing time as the Stock was much lower at 262/- :)

My earlier cost was ~295 per share, now the same stands at ~287.00 :p

Would add max 300 more shares if goes lower ! :D
 

simplebuthard

Working as Trading Assistant. Hire me !!
#30
Am holding 700 Cairn bought;
200@ 320
400@287
100@275

Sold 700 today at 271 at open. Booking ~18000/- Loss :mad:
But reentered at closing time as the Stock was much lower at 262/- :)

My earlier cost was ~295 per share, now the same stands at ~287.00 :p

Would add max 300 more shares if goes lower ! :D
Rh6996, can you tell what is your expectation on this stock? I just checked daily charts of this stock.



I am not sure anyone who bought this stock made any money. because it is going from 390 to so far in one way ....not even a big upside move in between, so anyone bought it at whatever price wouldn't have made any money.
 
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