wht happen shree ashtvinayak stock?

[vinayjoshi]

hello to all tj members..can anyone tell me wht happened shree ashthvinayak stock..??why it go down rapidly..?? i bought 3000 shares @ 26.7 currently it go down and trading at around 11.5 Rs Should i average at this level or square off my position or bear loss around 45000..??.plz suggest me wht i hav to do...awaiting for yours quick response..thanks

 

[columbus]

hello to all tj members..can anyone tell me wht happened shree ashthvinayak stock..??why it go down rapidly..?? i bought 3000 shares @ 26.7 currently it go down and trading at around 11.5 Rs Should i average at this level or square off my position or bear loss around 45000..??.plz suggest me wht i hav to do...awaiting for yours quick response..thanks

Hi Joshi,

Never ever average a losing stock.Even if buy another 3000 shares at Rs 10/-
the average price will come to around little over Rs 18/- which is far higher
than the current price.There is no improvement in the stock in near future
as it has poor fundamentals.Do not add.Keep a stoploss of 10/- or 8/- as
per your risk appetite and bear the loss and wait for a chance to exit.

 

[vinayjoshi]

Hi Joshi,

Never ever average a losing stock.Even if buy another 3000 shares at Rs 10/-
the average price will come to around little over Rs 18/- which is far higher
than the current price.There is no improvement in the stock in near future
as it has poor fundamentals.Do not add.Keep a stoploss of 10/- or 8/- as
per your risk appetite and bear the loss and wait for a chance to exit.

thanks columbus...

but if i sell shree ashtvinayak my losses are very huge around 45000/-..how can i cover my loss..??hav u any other stock where can i cover my lose...??