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JSW Ispat and SBI

Discussion in 'Fundamental Analysis' started by ggchavhan, Aug 11, 2012.

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  1. ggchavhan

    ggchavhan New Member

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    I have SBI @2098 30nos and JSW Ispat @13.4 2000 nos what shoud I do?
     
    ggchavhan, Aug 11, 2012
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  2. MANGONI

    MANGONI New Member

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    dear gc,

    sbi - wait for Q2 RESULTS
     
    MANGONI, Aug 11, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    Never ever do that. You should never wait for the results to come out and it is always better to be sitting on cash for the stock on the results day. I have explained the same in my ebook how to play the results day as well as many a times on my blog.

    Please read - http://shabbir.in/chart-pattern-repeats-itself/ & http://shabbir.in/buying-stock-better-results/

    Now coming to the original question on SBI and JSW Ispat

    Hold SBI but with a strict stop loss of 1800. If you cannot sell under 1800 make sure you sell it now instead of holding this stock.

    Similarly for ispat I would not say sell it off because I know it is really tough but then under 9 this would be one of your worst investments.

    You have been a member of this forum since May and there has been some handsome money made by members with some good stocks like V-Guard, Wockhardt and others and so play with the rhythm and make money.
     
    shabbir, Aug 11, 2012
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Dear,
    Shabbir is absolutely right about Sbi stoploss of 1800 should be followed very strictly cause if it manages to breach 1800 then short will open and it can drag down sbi to 1600 very easily.
    For Jsw ispat I am sure u got trap in this stock by some advisor, now just hope for the best.
     
    sanjay_sansanwal, Aug 11, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    Reading this statement I could relate to my those RNRL Days :D
     
    shabbir, Aug 11, 2012
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  6. ggchavhan

    ggchavhan New Member

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    advisors

    Very correct.. and this is reality that investment made by selecting stocks by me is on profit by others(advisors) I am sitting on loss.
     
    ggchavhan, Aug 13, 2012
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  7. ggchavhan

    ggchavhan New Member

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    Thanks Shabbir

    I have same question, could you please analyse in simple way that in spite of good profit why SBI down by 5%, this will be really lesson to me, because I was siting on 15% profit on SBI.
     
    ggchavhan, Aug 13, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    Yes every loss should be a lesson and I think it was a costly mistake on your end even after having my ebook but nevertheless, better late than never.
     
    shabbir, Aug 13, 2012
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