Agilent said:
Dear Karthik/ Amitbe
Thanks for your perspective. I agrre that you all are doing a fab job on this forum
But my problem remains unresolved... pl help me... I have got stuck in Mysore Cements (avg 35, now its 26) and face a terrible dilemma... whether to average or to exit.
The answer lies obviously in the co's ability to turn around on the back of rising cement prices.... can either of you (or any other reader) please throw some light. I would be prepared to pay for such analysis .. I am sure this is perfectly a genuine commercial transaction and will not be questioned on commercial/tax/ethical/any other grounds.
Please, please help me...
AGILENT
Thanks for your perspective. I agrre that you all are doing a fab job on this forum
But my problem remains unresolved... pl help me... I have got stuck in Mysore Cements (avg 35, now its 26) and face a terrible dilemma... whether to average or to exit.
The answer lies obviously in the co's ability to turn around on the back of rising cement prices.... can either of you (or any other reader) please throw some light. I would be prepared to pay for such analysis .. I am sure this is perfectly a genuine commercial transaction and will not be questioned on commercial/tax/ethical/any other grounds.
Please, please help me...
AGILENT
I can understand your Agony. The price hike was on November 3rd and the share started to move up after that. It failed to takeout the resistance at 30 and now moving downwards. That means the price hike is already factored in and forgotten by the market.
Also look at the half-year results, 45 Cr. Loss. The last whole year loss was only 35 Cr. This price hike is not going to pull the company out of the red.
I dont recommend averaging. You may simply wait for this to recover. But the wait is going to be a long one. The other way out is to sell on rallies with minimal loss. I agree it will be painful. You are the best judge of your situation. Take the course, which suits you.
By the way about payingwe do it free on this forum
regards