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for long term

Discussion in 'Fundamental Analysis' started by masihpatel, Apr 4, 2014.

  1. masihpatel

    masihpatel Active Member

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    Is it advisable to enter now after correction for long term as they got banking license.? Please share your views.
     
    masihpatel, Apr 4, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    No.
     
    shabbir, Apr 4, 2014
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  3. masihpatel

    masihpatel Active Member

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    Thanks shabbir
     
    masihpatel, Apr 4, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    My pleasure.
     
    shabbir, Apr 4, 2014
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  5. naveen1241

    naveen1241 Responder

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    I would prefer a small explanation too.

    Thanks
    Naveen
     
    naveen1241, Apr 16, 2014
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  6. shabbir

    shabbir Administrator Staff Member

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    If you read the first post, that explains and I have quoted them in this post for you.
     
    shabbir, Apr 17, 2014
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  7. naveen1241

    naveen1241 Responder

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    May be the Banking License news had already played out and this could be an opportunity. I feel that one can go long with a small position now and add in aggressively if it comes down to 90 levels. So, I would be interested to know if there are other reasons to keep away.

    Thanks
    Naveen
     
    naveen1241, Apr 17, 2014
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  8. shabbir

    shabbir Administrator Staff Member

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    Not sure if I agree with you. It has 2 red candles from 125 to 115 almost and so I would like to wait and watch and nothing more.

    I never like to add small position and then average down to be honest.
     
    shabbir, Apr 17, 2014
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  9. naveen1241

    naveen1241 Responder

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    Thanks Shabbir. Nice explanation.
    But this method has always yielded great results for me(80% cases). I tend to study price movements once I wet my hands rather than watching from the fence. Hence I adopt this method, if I feel that one stock is fundamentally good and no good reason for it to just keep sliding. But, if the stock is overvalued or fundamental parameters are not good in some way, I will avoid. That's the reason why I keep asking if there are other reasons to stay out and I am curious to know such reasons even though I don't plan to invest right away.

    Regards,
    Naveen
     
    naveen1241, Apr 17, 2014
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  10. shabbir

    shabbir Administrator Staff Member

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    If things work thats the best thing that can happen but then I don't think I try too much in reading into stock. If stock goes down, I assume market is smarter than me and there is a reason for the stock to go down. Yes I know there can be aberrations on either side but still market is more intelligent to punish the stock.

    So I prefer waiting.
     
    shabbir, Apr 17, 2014
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  11. masihpatel

    masihpatel Active Member

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    Healthy conversation. Keep forum active.:pleased:
     
    masihpatel, Apr 17, 2014
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  12. ravirajpr

    ravirajpr Responder

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    I agree with Shabbir that Market is smarter. That's the reason why I usually prefer to confirm Volume with price action before entering a position.
     
    ravirajpr, May 2, 2014
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  13. naveen1241

    naveen1241 Responder

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    Just an update. I went long @ 110 and quit yesterday @ 117.

    Thanks
    Naveen
     
    naveen1241, May 11, 2014
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  14. shabbir

    shabbir Administrator Staff Member

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    Party time :D
     
    shabbir, May 12, 2014
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