Folks,
Here is a single day image of a ledger dated 09/06/2010 & one can see the deep red of -4760483.03
Person has about 500 odd shares of RELIANCE as collateral.... & RIL's closing price on that day is 1007.05 (Haircut offered by the broker is 20% for RIL)
Ledger's owner is very very lucky that His RIL shares weren't liquidated....for the Ledger being way beyond the Pure-Risk
Anybody has any idea for bringing it back to 'Green of Health' & what would be the Time Frame...without adding even a single paise to the ledger
SavantGarde
P.S.: Will Post the whole Ledger twice one for date 31/03/2011 & second for date 08/06/2011
I assume from your post that
1. The owner of the ledger mentioned in your quoted post is known to you. May be perhaps directly under your control now with responsibility to bring it back to profit or at least to recover the losses.
2. More importantly, some strategy is taking shape (or most probably something is already going on - that is the most likely since the ledger relates to June 09 2010 and now we are in December 2010) which will give very valuable lesson to the newbies for surviving in markets.
3. You have confidence that you will be able to show substantial cut down in losses (may even be profit) by the futures dates mentioned in your post.
I shall remember this challenging post. I shall look forward to see the ledger on the future dates mentioned in your post. I hope we shall know the strategy as well.
Wishing you good luck