suzlon energy - hold or sell?

[hardik05]

@ryan still stay long?

 

[Mr.G]

@ryan still stay long?

Did you follow his call? Are you long on suzlon too?

 

[hardik05]

Did you follow his call? Are you long on suzlon too?

no i brougth some shares like 1 year before and tried avg few days back, my avg buy price is 11. so i was just wondering wht to do..

 

[Mr.G]

Tell me your story, why did you buy them?

 

[ryan4ucar]

no i brougth some shares like 1 year before and tried avg few days back, my avg buy price is 11. so i was just wondering wht to do..

mine is a trading call not a investing call and averaging such companies lower will take you to hell refer GTL if you donno what i am talking about

 

[ryan4ucar]

In between i didnt like the price action in suzlon yesterday i wanted it to hold above 7.25 where i could have added but it just could not even when midcaps were up yesterday last chance tom or ill get out

 

[ryan4ucar]

am out suzlon 6.7 -.3

 

[hardik05]

@ryan any idea on long term investing? i guess it wont make much diff and i should exit..

 

[Mr.G]

@ryan any idea on long term investing? i guess it wont make much diff and i should exit..

Go around and fundamentally analysis it, no use buying equity of a distressed company. Go for its debt if you want to speculate. You might end up with a goody bag.

 

[hardik05]

Go for its debt if you want to speculate. You might end up with a goody bag.

what does it mean to go for debate and how?