Some Good Steals...

supratik · #**621** 31st August 2005, 06:34 PM

Analysts say IFCI will reach 24, but you can hold onto Century Textiles.

If you have small quantity, you can keep a deeper Stop Loss as low as 270(sounds awkward?)

Thanks and Regards

nilotpalbcet · #**622** 31st August 2005, 06:39 PM

Quote:

Originally Posted by supratik

Analysts say IFCI will reach 24, but you can hold onto Century Textiles.

If you have small quantity, you can keep a deeper Stop Loss as low as 270(sounds awkward?)

Thanks and Regards

Thanks Supratik for the prompt reply.

Regards
Nilotpal

iamvivek · #**623** 31st August 2005, 06:40 PM

Hi Amit,

I want to thank you for the excellent suggestions you have been giving. For the most part they have a knack of coming true

.

I wanted some quick suggestion regarding:
MAARS. Bought at 6.06, should I hold or sell?
Aztec. Bought at 125, should I hold or sell?

Would appreciate a quick reply.

.Vivek

iamvivek · #**624** 31st August 2005, 07:02 PM

Hi Amit,

First wanted to thank you for the wonderful suggestions you have been sharing. I am sure lot of us have profited by them.

I wanted some help regarding:
MAARS. Bought at 6.06, should I hold or sell?
AZTEC. Bought at 125, should I hold or sell?

.Vivek

naga2054 · #**625** 31st August 2005, 08:22 PM

Quote:

Originally Posted by vinsu

Amit
I also need to know about SpiceJet , it crossed 100 today , with huge volumes ..
Please advice ur views.
Vinsu

Some Info about Spice Jet:

The promoters, a group of NRI investors, who hold a 31 per cent stake, are in talks with the London-based Hinduja group, reports Economic Times.The Hindujas are planning an aviation foray and are expected to take the final call on any such deal after due-diligence.

SpiceJet is one of the few airlines that actually has planes and infrastructure on the ground..

The airline has announced aggressive expansion plans and is currently operating with over 90 per cent load factors. It has announced an order for 20 Boeing 737 aircraft, costing over $1.3 billion. It currently operates with a fleet of two aircraft. The Hindujas, on the other hand, earlier operated a cargo airline joint venture with German carrier Lufthansa. This airline folded up in 1999. Indian laws allow NRIs to hold up to 100 per cent in an airline.

SpiceJet currently operates on the no-frills, low-fare model. It now flies daily to six cities, Mumbai, Bangalore, Ahmedabad, Pune, Goa and Delhi. Its strategy is to connect metro cities to smaller non-metros

If this is true, it should be followd by an Open Offer..

Nagzu

yogendra · #**626** 31st August 2005, 08:23 PM

Dear Amit

Whats the buzz in Ambika cotton mills?

Regards

Yogendra

AMITBE · #**627** 31st August 2005, 08:27 PM

Quote:

Originally Posted by nilotpalbcet

Hi Amit, I bought century textile @343.4 and IFCI for 17.35.Please tell me if I should book loss or keep holding. If I need to keep then by when it might rise to the level in which I bought them

Hi nilotpalbcet...you've obviously bought both, chasing them at some intraday spurt.
IFCI may in the near term reach your price. The story over the last year or so is that there may be a merger, earlier with Punjab National Bank, or then with IDBI. Both the parties had asked for a compensatory pay out from the govt. as IFCI is a loss making body. There is news expected on this counter, the main reason for periodic spurts, as there is no merit in the scrip itself.
You may have obviously jumped into CenTextiles on the day of the news of the Birla's Pilani holdings settlement. Not a wise thing to do, chase stocks like this. Your wait may be in the mid term for Century to get back at your price or possibly earlier.
Booking losses is a personal issue and depends on how you are doing on your trades over all now. Needless to say, a stop loss strategy is vital to successful trading.
Regards.

AMITBE · #**628** 31st August 2005, 09:02 PM

Quote:

Originally Posted by ssnkumar

Thanks for the motivating words Amit.
I have been watching your posting for quite sometime and have started believing each word of it!

Regarding NTPC also, you had written two days back that it will hit 101 and after that 105.
Today it has crossed 102 and on its way to 105.
I bought it on your recommendation only.
So, when you said, you are quitting at 105, I was little bit worried.
Now, after reading your comment on my last post, I have decided to keep it for long. Thanks for all those encouraging and motivating words.
Also, I have bought both Pricol and Gufic.
Pricol has increased by 2 Rs after I bought.
Gufic is still at the same price.
I will be watching each of your posts and will buy more on your recommendations

Thanks, Narendra

Hi Narendra, thanks very much for all your nice words.
You must realise that this market is a very unforgiving beast and anyone can get badly savaged by it at any time. I take care to study and track a stock well before calling it, as I have seen a lot of people take positions on my calls. It is most humbling, the trust placed in me, but it also puts me in a place of responsibility, and at times worry too, if not accountability. Out there in the trade, one is on one's own, no matter who's call or advice. There the actions and the associated resposibility are one's own.
You have done well with Pricol, and it had a great close today, breaking out of the shackles of 57 levels with a jump in volume. Should this make progress, 70 plus is on in the near term.
You could have waited for Gufic to cross 32, but as you are an investor rather than a trader, it's a good entry. I've noted a lot of buying in the counter lately and should do well once on the move.
Regards.

vizzie · #**629** 31st August 2005, 09:24 PM

Hey Amit

Gammon. A great call.
What is the target to exit ?

vizzie

vizzie · #**630** 31st August 2005, 09:33 PM

Hey AMIT

Gr8 calls.
Gammon. What's the target to exit the counter

vizzie.

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