Stocks To Keep A Close Eye On

[talk2kumaran]

Need advice

Hi Savantji and member
Im stuck with
Renuka @ 104.25 and all the 900 shares i bought were short delivered.

This share is particularly punished and is down 12% on friday.Results to
be announced on Monday.

I bought the shares only for trading purpose.

What should i do now.Please advise.


Branch Manager

 

[SavantGarde]

Hi Kumaran,

You should get a closeout for short delivery...if the broker is honest....

Anyways....Do not worry about a few days downside.... in the sector.

Happy & Safer Investing

SavantGarde

Hi Savantji and friends

Im holding renuka sugars purchased at 104.25 day before yesterday and to add to the problems there is short delivery of shares.

What should i do now, please advise.



kumaran

 

[SavantGarde]

Re: Need advice

Hi Kumaran,

If all your purchase is short delivered why are you worried you should rejoice....... you will get closeout

Tree Manager

Hi Savantji and member
Im stuck with
Renuka @ 104.25 and all the 900 shares i bought were short delivered.

This share is particularly punished and is down 12% on friday.Results to
be announced on Monday.

I bought the shares only for trading purpose.

What should i do now.Please advise.


Branch Manager

 

[PGDIMES]

This is much simpler imo .... what ever the rise would be offsetted and then once the scrip stabilises .. you can then square off the Jan Long Fut and/or the Nov Short Fut and simultaneously write calls / puts depending on what you see on TISCO in the short term ... and recover the lost dough ...

Dear SM,

What sounds simple on paper is not the same on one's ledger balance...I have tried to utilise the strategy and found that it may backfire any time (due to premia difference, though didn't happen in my case) and that would cause more harm to the ledger balance than a simple strategy like stop and reverse...I think you can remember what happened on the expiry date of October(and you gave a nice bullish explanation:rofl...

Taking the example of Tisco, the Nov future is at a premium of mere 30p where as Jan future's premium is 8 bucks(i.e. 1.25% of the share value)...Now due to the surprisingly good news, market would suitably reward Tisco (ceteris paribus) with a opening jump of 2-3% to say the least and that will be reflected in both the futures...Now let's assume the market values Tisco like rest of the Tata companies so that it remains in an uptrend for the rest of the month....On expiry, Nov future will loss the premium but Jan future's premium will also come down to 4-5 bucks...IMO, a small trader can wait for a small pullback to reverse the short after the initial euphoria dies down or jump into the running bus depending on his mental set up...

 

[MurAtt]

Yes PG, BUT if he waits for some retracement .. i.e. retracement from after the scrip has already moved up .. then he will lose more bcoz he is short (he is not making a new entry) better to lose just 4-5 than 40-50 ...

 

[PGDIMES]

Yes PG, BUT if he waits for some retracement .. i.e. retracement from after the scrip has already moved up .. then he will lose more bcoz he is short (he is not making a new entry) better to lose just 4-5 than 40-50 ...

Dear SM,

I also think the same...So said stop and reverse and not the Jan future which might become another devil in disguise...But it all depends on the person who will be trading it...If he is O.K. with 2 series of futures and knows where to board off the bus like SG, he would surely cut his losses, otherwise, another thread will be opened - Koi mere futures se bachao:rofl:...

 

[SavantGarde]

Sirf...PG.... gustakhi ho gayee...SM.... Asst. DGP.... Baap Re Baap

Yes PG, BUT if he waits for some retracement .. i.e. retracement from after the scrip has already moved up .. then he will lose more bcoz he is short (he is not making a new entry) better to lose just 4-5 than 40-50 ...

 

[MurAtt]

Sirf...PG.... gustakhi ho gayee...SM.... Asst. DGP.... Baap Re Baap

Mereko kya pata bhai ... UserName ke saath thodi likha rehta hai ... aur aage interaction hua nahi tha .. lets hope aage bhi interaction aur kahin nahin .. yahi pe ho ...

Asst DGP - location? And obviously everyone knows why I am asking location

 

[MurAtt]

hmm now I understand the Username ...

Good one ...

 

[talk2kumaran]

short delivery

Hi Savantji

My broker (ventura) says that share will be credited to my account through auction process after 2 days.

Kumaran