Some Good Steals...

[Saint]

Thanks Saint.

I can imagine the how buzy u r with so many queries being hurled at u. Still being patient and answering them speaks volumes of u.

Thanks again.

Regards,
Sanjoy

Hi Sanjoy,

Thank you for your kind words.......

Saint

 

[Saint]

Originally posted by kooldude
Silverline: What do you think about this one, I had entered this @ 300 level, though not many shares, only 25. Do you think it is still worth a buy for a 1-2 years term, there is no action in this stock.

Hi kooldude,

I know many people with the same situation as yours.Silverline you bought at 300,now at 6.2!!!That is the importance of a stop loss whether you are an investor or a trader,there must come a time when you call it quits.There must be a point or level when you won't take any more crap from this stock.A stop is mandatory not only for the preservation of one's capital but also the preservation of one's psyche.

The question is:Is it a buy now.........Answer :Nope.Still in sideways trading range that can last another few years.I'd just not look at this one for a buy,and sell off the remaining shares on some rally.

Happy Trading!
Saint

 

[kooldude]

Hi kooldude,

I know many people with the same situation as yours.Silverline you bought at 300,now at 6.2!!!That is the importance of a stop loss whether you are an investor or a trader,there must come a time when you call it quits.There must be a point or level when you won't take any more crap from this stock.A stop is mandatory not only for the preservation of one's capital but also the preservation of one's psyche.

The question is:Is it a buy now.........Answer :Nope.Still in sideways trading range that can last another few years.I'd just not look at this one for a buy,and sell off the remaining shares on some rally.

Happy Trading!
Saint

Thank you Saint, very good philosophy. Will keep that in mind, and also to get rid of Silverline.

How about HFCL? Is it worth buying?

 

[dinkerj]

Hi dinkerj...if I may, I'll do these in lots starting with the ones in heavy losses.
Shyam Tele: At 103 currently in the midst of a rather sideways but a distictly volatile move for now. Seems without a clear trend and could easily pass by as a bearish phase, but for the fact that it's major lows have been higher than the previous ones since August. Hold and wait as 95-96 support area appears to be firm. A close above 105 would lend a greater degree of safety and it's not too far from where it's now. A close above 109-110 would begin to look nice. Although here it's bellow some congestion, should it take 110-112 with volume you could see your price coming soon then.
GujNre: There's no justification for holding this so deep at 94 now where it's fallen below critical supports at 100-103. But as you have done so you could see it stablising around 85-90. Below this it'll go into prolonged consolidation. Taking the 106 mark is the only salvation at this time and 109 would be a gift.
Something's surely happening at this counter and I suggest you do some research and find out. Fundamentally there is no call for this kind of a drubbing.
Bank Of India is awaiting a good move which can come soon. You are fine here. A move above 131-135 will set it up nicely.
From my calls, you are up on Bharti and above 352-355 it'll move well. Since early September it's been in a sideways correction and holding well so far despite some technical weakness. I'd given s/l at 322-323, but as you entered at 333, keep it at 328...you are down in so many.
Visualsoft has gone above the s/l given by me, but should it threaten to break it again, please do exit. You can come back to it later lower down if 220 holds well. To the up, it needs to go beyond 244-247 to gain momentum and as and when it does, expect 250-258-264 first. If 264 is taken, 270-275-280 would be within range.
Will come back to the rest in a day or so.
All the best.

Thank you Amit. Thnax for analysis and great suggestions.

 

[ssnkumar]

Hello Amit,

Today "DISHMAN PHARMA" has flared by about 7%!
It was also suggested as value pick in the latest Outlook Money.

So, what is your view about this? Is it good to hold for short term or long term? Does it have good fundamentals?

Thanks,
Narendra

Hello Saint,

Any suggestions on this?

Regards,
Narendra

 

[AMITBE]

Hello Amit,

Today "DISHMAN PHARMA" has flared by about 7%!
It was also suggested as value pick in the latest Outlook Money.

So, what is your view about this? Is it good to hold for short term or long term? Does it have good fundamentals?

Thanks,
Narendra

Hi Narendra...don't know about the fundamentals, but the charts are looking good.
If you are in, hold and trail stop. There seems to be more here in the short term.
If not in, then wait for a pullback...it's run up sharp.
Regards.

To add, it's a low liquidity counter, and even with it's standerds, yesterday's brust didn't happen on big volume. Be cautious.

 

[ssnkumar]

Hi Narendra...don't know about the fundamentals, but the charts are looking good.
If you are in, hold and trail stop. There seems to be more here in the short term.
If not in, then wait for a pullback...it's run up sharp.
Regards.

To add, it's a low liquidity counter, and even with it's standerds, yesterday's brust didn't happen on big volume. Be cautious.

Thanks for the response Amit.
I entered at 181 and it is at 194 now.
I don't know what is the target I have to keep and also SL?
If possible, please throw some light on this.

Regards,
Narendra

 

[AMITBE]

Thanks for the response Amit.
I entered at 181 and it is at 194 now.
I don't know what is the target I have to keep and also SL?
If possible, please throw some light on this.

Regards,
Narendra

Hi Narendra...183-187 is strong support area and 180 is s/l.
To the up when 197-199 are taken and closed above, expect 204-209-214-219.
Can't say how long, and this is of course subject to the market conditions.
Regards.

 

[roneeth]

Hello Amit,

Today is India Cements Results...Do you know the rresults? Where can i look for it?

regards

Roneeth

 

[ssnkumar]

Hi Narendra...183-187 is strong support area and 180 is s/l.
To the up when 197-199 are taken and closed above, expect 204-209-214-219.
Can't say how long, and this is of course subject to the market conditions.
Regards.

Thanks for the quick response Amit.

-Narendra