Some Good Steals...

[AMITBE]

Hi Amit, I want to thank you for the excellent suggestions you have been giving. For the most part they have a knack of coming true .
I wanted some quick suggestion regarding:
MAARS. Bought at 6.06, should I hold or sell?
Aztec. Bought at 125, should I hold or sell?
Would appreciate a quick reply.Vivek

Hi Vivek, thanks, and I'm happy you've done well on my calls.
You may be right in saying that my calls have a knack of coming true, but only insofar as it's not that my calls come true, but that the scrips move true to my anticipation from my study of them.
Maars has been moving up smartly since the 5 mark for a while now, and so you have come in late on it. It's finding it difficult for now to clear 8 that it hit in Jan this year, after which it reacted and fell back to 4 levels in March. Now back there again, and since it has a strong momentum as yet, may possibly clear 8. If so, it will attempt 10 off by and by, where the next strong resistance could come. Past this, 13 is a possibility. All this may be quite distant at this point. If 8 is not cleared in the next attempts, it may even fall off again. Keep a strict s/l at 6.20 if you wish to take home something, but certainly at 5.85 if you wish to take your chances.
Good you came on Aztec. It's the first day of the breakout, and a most ferocious one at that. There is certainly more upside to it yet, and will track and keep posted.
Good luck.

 

[Saint]

Good you came on Aztec. It's the first day of the breakout, and a most ferocious one at that. There is certainly more upside to it yet, and will track and keep posted.

Hi Amit,
Nice one on Aztec.......great going!!

Saint

 

[AMITBE]

Hi Amit,
Nice one on Aztec.......great going!!
Saint

Hey saint...thanks buddy...Did you get on too?
Was about to post at your thread about the graet call on Andhra Sugars in its new move. Got on and did well!
Thanls.

 

[game4trade]

Hi Amit,

Whats your call on Balrampur Chinni and Virinchi Tech?

Entered Balrampur @ 90 and Virinchi Tech @ 67.

Awaiting your response.

Thanks.

 

[talktoa]

hi Amit.. can you advise me on Seasons Furnishings Ltd .
Heard good reviews & future planes & bought 100 shares @20.90. Whats the future like & how much growth should I expect.
this is what persuaded me to buy http://indiainfoline.com/stok/inid/Seasons_300805.pdf
I would like your advise.
Thanks in advance

 

[Saint]

Hey saint...thanks buddy...Did you get on too?
Was about to post at your thread about the graet call on Andhra Sugars in its new move. Got on and did well!
Thanls.

Great going Amit......yep took your Aztec .Thanks 2 u 2!

Saint

 

[AMITBE]

NUCLEUS, Intl Travel House were recommended by R.K.Damani in a moneycontrol chat show yday.
Guess that was the reason.Regards. Gaurav

Hi Gaurav...
Basically I don't go by the experts on news channels unless something is obvious to me too. There are mostly trash analysts on the business channels.
This afternoon waiting for the internet to kick in again, I was watching one such guy who appears quite a lot. He was being asked about Rolta, and his take was, it would be a good buy at 135! Now, Rolta is looking pretty strong at 164 to me with some large block deals around these levels, and I cannot imagine when it would see 135 again. So were they all fools who have already taken Rolta at 135, and the Funds at 160 levels? It's half cocked experts like these who spread negativities about stocks and indexes. On Titan, from 300 levels they were screaming at people to exit. Where is Titan? Same with India Bulls and scores of other scrips.
On another stock, he was going on about its resistance and so on, while the chart on the screen was showing the current price at way above that level.
These people should be made to put their feet in their mouths, shoes and dirty socks and all.

 

[AMITBE]

hi Amit.. can you advise me on Seasons Furnishings Ltd .
Heard good reviews & future planes & bought 100 shares @20.90. Whats the future like & how much growth should I expect.
this is what persuaded me to buy http://indiainfoline.com/stok/inid/Seasons_300805.pdf
I would like your advise.
Thanks in advance

Hi talktoa, didn't see the article but the charts look pretty good. Seasons is a popular brand I know, and on the charts has been in an uptrend since March, but before this there were good moves too. You may have come in late, but it should do well looking at the deluge of new home dwellings going up all the time. If you hold in mid to long term, there'd be nice returns I feel. If for long, don't worry about the daily price action.
Best is trail stop it as it climbs.
Regards.

 

[Saint]

Hi Gaurav...
Basically I don't go by the experts on news channels unless something is obvious to me too. There are mostly trash analysts on the business channels.
This afternoon waiting for the internet to kick in again, I was watching one such guy who appears quite a lot. He was being asked about Rolta, and his take was, it would be a good buy at 135! Now, Rolta is looking pretty strong at 164 to me with some large block deals around these levels, and I cannot imagine when it would see 135 again. So were they all fools who have already taken Rolta at 135, and the Funds at 160 levels? It's half cocked experts like these who spread negativities about stocks and indexes. On Titan, from 300 levels they were screaming at people to exit. Where is Titan? Same with India Bulls and scores of other scrips.
On another stock, he was going on about its resistance and so on, while the chart on the screen was showing the current price at way above that level.
These people should be made to put their feet in their mouths, shoes and dirty socks and all.

Hi Amit,
I totally agree..........I have this absolute hatred for people who are market "experts",so called analysts,tech analysts who make their money from newsletters,coming on TV shows,holding seminars,looking all important........leeches sucking blood out of the common man.If you truly have the ability,make the money out of the market.If you have it in you,take money out day in day out ,week in,week out,year in year out......these so called market experts make a living out of advising ........these fools in real life trading sitautions would probably freeze!!

I also don't understand the point in saying "if the nifty goes past 2355,then it'll go to 2368,if it goes further itwill go to 2388.....blah,blah."Of what use is it to earn money.Or"the Sensex can't go higher than 7300" then it was 7500,then 7800.From 7000 to 7800 they called for corrections.......who cares what you call for.The market does its thing,The only thing we can as traders do is to follow the trend.And,of course, there was this guy who talks of "positive
structures"I have yet to hear of a negative structure as yet from him......so on so forth.

I believe that if you use the right strategies,money management techniques,etc.......you can easily make money in a stk mkt.But then there's always the easy way out.Become an analyst on a tv channel,you're paid,you're "famous",you write newsletters,you give "grand" talks,you wear a suit,wow,you're now an important person inthe community....To one and all,that's the importance of education.....that gives you the edge.It also gives you the ability to make the difference between somebody making sense and the fool who talks garbage.

Saint

 

[karthikmarar]

Hi Amit and Saint

Very correctly said. Somebody remarked that in the share market the people who make most money are the ones who are selling tips, advise, Trading systems etc. I see in the internet so many site claiming their trading systems give 60% or 70 % or even 100% returns in a short time. If their trading systems are so good why are they hardselling their systems or softwares with all these popup's and google Ads instead of directly making money in the market.

regards

karthik