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Infosys

Discussion in 'Technical Analysis' started by monilhathi, Jul 9, 2012.

  1. monilhathi

    monilhathi New Member

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    Hi Shabbir

    Infy's results are on 12th. The last time they announced the results the stock fell by nearly 12% in some hours. Do you think we can short this time as well knowing that the industry is going through a rough patch? If yes how and when?
     
    monilhathi, Jul 9, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    I don't prefer trading on news days but prefer run up to the news.
     
    shabbir, Jul 9, 2012
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  3. naveen1241

    naveen1241 Responder

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    Results are out and the stock is bleeding. So what is the approach in these cases ? Now if one wishes to enter, what should be the view on this stock. SHORT/MEDIUM/LONG term.
    I remember this was one of your Forever stocks so how could these situations wherein a great company with such market share keeps disappointing in quarter results consistently. I was looking into buying in to this stock in small quantities, but not yet seeing any sort of relief or reversals.

    Thanks
    Naveen
     
    naveen1241, Jul 13, 2012
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  4. monilhathi

    monilhathi New Member

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    Naveen

    The stock is fundamentally very good. Infy is one of the few companies that does not flout any business ethics for short term performance. Their story of business transformation in the market will take time to seep in to potential clients. You will see Infosys's good years from 2014 onwards when clients realize the true benefits of working with them. If you want to buy, then buy on every dip for future gains.
     
    monilhathi, Jul 13, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    The forever stock you are referring to is possibly this post.

    http://shabbir.in/forever-stocks/

    It was in October 2011 and if there is negative news in any stock this is something that I do.

    http://shabbir.in/profit-trading-investment/

    See how I explained with Nestle (yet another forever stock) where from time to time I profit shorting (or rather offloading and getting back again) and so it is important that you keep track of your portfolio and make money on both side of the trend.

    No I never recommend buying on dips and it is better if you want to buy, buy when things show sign of support because you never know when it will stop the fall.
     
    shabbir, Jul 13, 2012
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  6. naveen1241

    naveen1241 Responder

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    Thanks Shabbir & Risk Taker :)
    Deferred my decision of testing sharpness of the falling knife atleast for the very short term.

    It was in October 2011 and if there is negative news in any stock this is something that I do.

    http://shabbir.in/profit-trading-investment/

    Final Thoughts

    Long term investing does not mean you cannot make money from your investment trading those stocks and at times intraday. Make sure you watch your investment and grab the opportunity that comes your way.

    Loved this part in particular. Even I'm of the same view. Though I seldom do this trade due to lack of TA skills.
     
    Last edited: Jul 13, 2012
    naveen1241, Jul 13, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Yes but I think it is better to be developing those skills rather than leaving money on the table.
     
    shabbir, Jul 13, 2012
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  8. masihpatel

    masihpatel Active Member

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    Today infosys is down around 2.5%, CMP is 2177 down further from its earlier support level of around 2300, can one accumulate at this level or further downside is expected?
     
    masihpatel, Jul 16, 2012
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  9. naveen1241

    naveen1241 Responder

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    Heard from somewhere that large players are lightening their positions with Infy. Don't know the authenticity of the news. So, my personal opinion would be a wait and watch. Like for a consolidation at these levels or accumulation at a little more lower levels. NOT Based on any technical analysis though, just a personal judgement/thought.

    Thanks
    Naveen

    :confused:
     
    naveen1241, Jul 16, 2012
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  10. shabbir

    shabbir Administrator Staff Member

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    Time and again I have been saying not to try to go when the fall is on. You may buy at the same levels but other side of the fall or U

    News comes after the occurence of incident and so price of the stock would be better indicator on what may happen and it is not the other way round.
     
    shabbir, Jul 16, 2012
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