New Intermed Uptrend!!

[ravi t]

hi saint,amit, roneeth,karthik
what's up friends? lots of pain... atleast for me now it seems?? how are all of you shapping up your portfolios..??? Saint, I write to you day before yesterday but seems you have missed my post on your thread?????
What is the overall plan friends? I am just sitting and taking my S/L and no fresh exposures!!!!!
regards
RAVI T

 

[AMITBE]

hi saint,amit, roneeth,karthik
what's up friends? lots of pain... atleast for me now it seems?? how are all of you shapping up your portfolios..??? Saint, I write to you day before yesterday but seems you have missed my post on your thread?????
What is the overall plan friends? I am just sitting and taking my S/L and no fresh exposures!!!!!
regards
RAVI T

Hi Ravi,
Yes, there is much pain all round, especially with the small scrips.
Just take the stops and sit on cash for now.
This will pass soon enough.
Take care.

 

[ravi t]

Hi Ravi,
Yes, there is much pain all round, especially with the small scrips.
Just take the stops and sit on cash for now.
This will pass soon enough.
Take care.

hii amit
thanks for those sweet words of releif. It really encourages a disheartened soul... Yes I am sitting tight and requested everyone yesterday morning itself before opeining of the market to do the same....
and as you said "this will pass soon enought'
regards
RAVI T

 

[Saint]

hi saint,amit, roneeth,karthik
what's up friends? lots of pain... atleast for me now it seems?? how are all of you shapping up your portfolios..??? Saint, I write to you day before yesterday but seems you have missed my post on your thread?????
What is the overall plan friends? I am just sitting and taking my S/L and no fresh exposures!!!!!
regards
RAVI T

Hi Ravi,

Both your posts ended up as the last posts in that page......missed them both!Sincere apologies,my friend..............Overall plan is as you put very correctly,take your stop losses if triggerred,sit on your hands for now,get into cash,.......and wait.The time to get back in will come soon enough.....and when that time comes,you have enough cash to plunder the markets again!

All the best!!
Saint

 

[roneeth]

hi saint,amit, roneeth,karthik
what's up friends? lots of pain... atleast for me now it seems?? how are all of you shapping up your portfolios..??? Saint, I write to you day before yesterday but seems you have missed my post on your thread?????
What is the overall plan friends? I am just sitting and taking my S/L and no fresh exposures!!!!!
regards
RAVI T

Hello Ravi!

Same here my friend.Too many losses ....Trying to get out of some positions.

Regards

Roneeth

 

[mdjamal99]

Hi All, I think all have felt the mild jhatka (tremor) of low intensity of some 200 points at about 11.30 am yesterday.I too. What would you forecast Amit,Ravi,Saint and all. A tsunami???

 

[Saint]

Nice Avinash.......Mahindra Gesco looks good,neat pullbcak to the weekly and looking to resume its uptrend.That gap up on the daily chart looks like a breakaway gap,and also a bullish sign.And as you correctly pointed out it has taken out the previous pivot high on the daily.

My only problem is the markets........but if on the aggressive side,you could buy half size over today's high,with a stop below the gap area,and buy the other half on apossible p/b.......but once again,caution at these levels.

Nice find and Great going,Avinash!!

All the best!!
Saint

Hi Avinash,

Great find........nice breakaway gap.Sweet profits on the long side on a day like this!But take profits here.....put something in the pocket!Nice!!

Saint

 

[karthikmarar]

hi saint,amit, roneeth,karthik
what's up friends? lots of pain... atleast for me now it seems?? how are all of you shapping up your portfolios..??? Saint, I write to you day before yesterday but seems you have missed my post on your thread?????
What is the overall plan friends? I am just sitting and taking my S/L and no fresh exposures!!!!!
regards...
RAVI T

Hi Ravi

I am reminded of the "Tiger, Tiger" story. So many warning of "correction, Correction"...and finally the correction came and many of us were caught unaware... I am happy that I did not go for any small cap or penny stocks...just watching and waiting...

regards

karthik

 

[ravi t]

Hi Ravi

I am reminded of the "Tiger, Tiger" story. So many warning of "correction, Correction"...and finally the correction came and many of us were caught unaware... I am happy that I did not go for any small cap or penny stocks...just watching and waiting...

regards

karthik

HII Roneeth/Karthik
yep friends same all around...
Roneeth sorry to hear that you are on loses.. I had made an exit the moment the S/L were hit.No loses as such in my portfolio. I dont know how much red you are having.. But just to cheer you up this freenzy is going to stop.
Karthik good to hear that you don't invest in this so called penny ones but my friend the only difference between a smart trader and not so smarter one is that the later don't stick to the rules..The so called Tiger correction was expected the moment we saw 8K and that was the main reason we have to stick to exit line.....
This downfall is over all a healthier sign in many terms and we have to just sit and resist any temptations for now....
regards
RAVI T

 

[Saint]

Hi Saint

The way it is falling ... I hope we dont end up with a BLACK WEDNESDAY...

regards

karthik

Karthik,

Wednesday ended up a bit gray.....today has become a sort of a Black Thursday for the markets!

Saint