urgent advise needed

[newbie_7]

hi guys,

i am holding petronet LNG that i bought some days back for 121.5. It went up to 129 levels but is down 4.2% today at 121.70. Results declared today were not spectacular but just ok...8% jump in profits and 10% decline in sales revenue.

October futures closed at 122.35 (0,65 premium) and shed 18.18% in OI)

should i sell this tomorrow using a stop loss or will it recover if the US markets do well today ( Dow - 93 pts & Nasdaq 22 pts up as i write this)

i am a trader & not an investor and was expecting about 15% from my buy price of 121.50. I am asking because i am holding substantial quantity.

any urgent advise will help me take a decision tomorrow.

thanx in advance

 

[anandbsbs]

market is performing well but the daily volatility impacts me.

 

[newbie_7]

rghattam,

thank you very much for your help. I did place a stop loss at 118 today and it hit that price intraday and sold. Anyway the stock has broken through support today & the next support could be at around 110 - 112. If the market cracks, it could slip further...not a risk worth taking.

thank you again & thanks to anandbsbs too for stopping by...

regards,
newbie_7

 

[sundaram iyer]

hi guys,

i am holding petronet LNG that i bought some days back for 121.5. It went up to 129 levels but is down 4.2% today at 121.70. Results declared today were not spectacular but just ok...8% jump in profits and 10% decline in sales revenue.

October futures closed at 122.35 (0,65 premium) and shed 18.18% in OI)

should i sell this tomorrow using a stop loss or will it recover if the US markets do well today ( Dow - 93 pts & Nasdaq 22 pts up as i write this)

i am a trader & not an investor and was expecting about 15% from my buy price of 121.50. I am asking because i am holding substantial quantity.

any urgent advise will help me take a decision tomorrow.

thanx in advance

all i suggest is book profit and go for the other