new trader wants advise

kurukutimax · #1 13th January 2008, 09:27 PM

hai, our local gurus told to buy power grid so i bought in dips 900 shares at average rate of Rs145.at the same time they also told it will buzz like RPL,but fact it is depreciating whether should i hold it or sell it

surfingminds · #2 13th January 2008, 09:37 PM

Try to find out with your local gurus for the reason it will pick up. Fundamentally its good company.
Important is when you make buy on something you should do your own research and even if you follow basd on external source write down the reason you baught and time frame to keep a hold on.

Cuz it might pick up later don't worry.

logmein · #3 14th January 2008, 12:24 AM

Quote:

Originally Posted by kurukutimax

hai, our local gurus told to buy power grid so i bought in dips 900 shares at average rate of Rs145.at the same time they also told it will buzz like RPL,but fact it is depreciating whether should i hold it or sell it

Its a good buy but you need to be patient. Hold for a minimum of three months. It will yield excellent profits.