Orient Papers

[rajesh_b_2k]

Hello Traderji,

I got Orient Papers @ 78.25. Today its trading @ almost 73-74. I got it as it was in the uptrend. Is it worth to keep it or sell it. Please advice.

~Rajesh.B

 

[royapa]

Do not enter a scrip when it is hyped in CNBC. By then already the price has moved up a good 20%. There is not much left on the table except those under the table. Only in few rare cases the shares discussed with hype tend to move higher for a decent profit.

Have your own decision making process. Look at graphs and find cup formations. Yahoo.com has some free graphs. Enter in small amounts to test the system. In a few years U will be good and ready to make money. Never hurry....................

 

[Traderji]

Hello Traderji,

I got Orient Papers @ 78.25. Today its trading @ almost 73-74. I got it as it was in the uptrend. Is it worth to keep it or sell it. Please advice.

~Rajesh.B

royapa is correct. Never enter a stock which has run up too much, too fast.

Incidently the uptrend in this stock began when it closed above 55.00.

It could probably correct to 65, 60 or 55. Thats when you can BUY it (of course with a proper stoploss).