General Trading Chat

[anup]

Dear Anup, Last year around this time JP assoiciates was trading at 50 rupees. Today it is at 9 Rs. please do not be in the notion that since it has fallen so much it cannot fall any further. JP associates has been a total wealth destroyer for investors. Please do not invest in such companies. There are many other blue chip stocks out there and during this market correction you will find them at 10-20% discount. Please look at some stocks like Infosys, Tcs, L&T, indusind bank etc to name a few. Even with 8000 Rs you can buy 5 shares of L&T and sit tight.

EDIT: My post co incided with DSM's post

Thank you

 

[anup]

Anup,

Not an investor, but would suggest rethink about 'Investing' in JP Group. It has tons of debts and is a very risky bet - even without taking into account the current market scenario. Google for more info on the group before you put even 1 rupee on the script.

And if your criteria is to 'invest' in the stock because it is cheap - it is for a very good reason - as everyone else is bailing out. Investing should be done in scripts that are appreciating or have value, and not because they are on the way to bankruptcy.

Good luck.

Thank you

 

[Riskyman]

Very good advice DSM and Riskyman

You know I still can't fathom why do we traders or investors think in terms of CMP. CMP is current market price, not the fair price. And CMP has no equation with value, particularly when the market is getting derailed or running superfast. And JP etc are thief companies, ready to go into penny stock bin.

Absolutely! Very poorly managed companies. One should not even touch them with a barge pole.

 

[monkeybusiness]

OMG ! I can't even sleep well with open positions, and u attended ur own marriage ? :rofl:

He wanted to stay awake for first night.:thumb:

 

[Dax Devil]

SGX Nifty is down 136 points at 7660. Dow futures down 540 points. Damn!!

So 7734 spot gone. Woe to damn zerodha. 7833 if had gotten punched, would have become a nice positional trade. Now it would go down -400 more.

 

[Dax Devil]

The way gold is being snapped, looks like stock market is going to doghouse. Yellow metal, the last resort of the greedy.

 

[Riskyman]

So 7734 spot gone. Woe to damn zerodha. 7833 if had gotten punched, would have become a nice positional trade. Now it would go down -400 more.

I mentioned the same thing on the Zerodha thread. Their "pee" software caused me lot of heartache today. Thankfully my positional trades were with icici. But intraday was terrible as the "pee" terminal kept hanging up every few times. Finally got fed up re starting it.

The way gold is being snapped, looks like stock market is going to doghouse. Yellow metal, the last resort of the greedy.

Gold's been on a run. When herd flocks to gold, you know something is seriously wrong with the world. Will be a testing time for all markets for the next few days. One year ago who'd have imagined that china will lead the downfall!!

EDIT: 684 points i.e 4.4% down on Dow futures. Not sure if this will be the case when Dow opens.

 

[Dax Devil]

I mentioned the same thing on the Zerodha thread. Their "pee" software caused me lot of heartache today. Thankfully my positional trades were with icici. But intraday was terrible as the "pee" terminal kept hanging up every few times. Finally got fed up re starting it.



Gold's been on a run. When herd flocks to gold, you know something is seriously wrong with the world. Will be a testing time for all markets for the next few days. One year ago who'd have imagined that china will lead the downfall!!

EDIT: 684 points i.e 4.4% down on Dow futures. Not sure if this will be the case when Dow opens.

Zerodha has gone total crap. It is time that mod and supermod should write some stern posts on their thread. Either they put their act together or just disappear.

Now ZT is giving trouble. Shorted crude from 38. Covered 1 lot at 18. And I don't know now where rest of my positions are going. F#$%!!!

 

[Riskyman]

The way gold is being snapped, looks like stock market is going to doghouse. Yellow metal, the last resort of the greedy.

The USD/JPY pair fell from 120 to 117 in less than a minute. Thats a big move. Serious turmoil for some currencies.

Dow future down 800 points.

 

[Dax Devil]

The USD/JPY pair fell from 120 to 117 in less than a minute. Thats a big move. Serious turmoil for some currencies.

Dow future down 800 points.

Santa Claus is coming to Bear Town.