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lsatish
Newbie
Joined: 21/Sep/2007
Location: India
Online Status: Offline
Posts: 2
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   Posted: 21/Sep/2007 at 5:25pm |
Dear All,
I am the new entrant on this site, i equally agree with all of your opinion about HPCL & BPCL , i too hold both these stocks since nearly 2.5 years , it is the worst holding i have. Can anyone guide me what should i be doing at this stage ....keep holding or book losses and invest in any other stock.
Thanks,
Satish
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CHINKI
Senior Member
Joined: 07/Feb/2007
Location: India
Online Status: Offline
Posts: 2827
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Posted: 21/Sep/2007 at 6:02pm |
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Satish, welcome to the TED and nice to have you here.
As you are aware, Crude Oil has already marched past $80. Earlier people were talking of Crude reaching $80per brl and now it is $100.
With the present govt at the centre, it is doubtful that they will allow these oil companies to raise the prices.
The only trigger (thats what I feel) is that there should be changed of policy towards these oil companies or change of govt itself.
We don't know when all these things are going to happen?? Some people have predicted that mid-term elections may happen after next year budget? It is another 5 months. Who knows what will happen by then???
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TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 21/Sep/2007 at 10:30pm |
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With a lot of courage (it takes courage to sell a cheap stock) I would recommend you to sell these two companies.Prices may rise but when is the question that our PM cannot answer!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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CHINKI
Senior Member
Joined: 07/Feb/2007
Location: India
Online Status: Offline
Posts: 2827
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Posted: 21/Sep/2007 at 9:30am |
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Absolutely right Basanthji. Infact I sold some of these stocks at Rs.302/-.
No point in waiting for the prices to go up. Looks like earlier (selling) the better.
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TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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Posted: 22/Sep/2007 at 3:58pm |
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BPCL, HPCL, IOCL are absolute sell (The underperformers of the bull market ). There is no point in waiting for the Govt to change the policies which will help these stks. By investing in such companies means not only loosing money but also ignoring opportunities elsewhere
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India_Bull forever Bull !
www.kapilcomedynights.com
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kg
Senior Member
Joined: 08/Mar/2007
Location: India
Online Status: Offline
Posts: 228
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Posted: 01/Oct/2007 at 12:29pm |
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BPCL has given a return of whooping 20% in last ten days ..
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Lets rock
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CHINKI
Senior Member
Joined: 07/Feb/2007
Location: India
Online Status: Offline
Posts: 2827
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Posted: 01/Oct/2007 at 10:11am |
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Fun is CMD of the company is saying they have found the gas while the director of finace is saying no.
In between stock price zoomed like anything.
Anyhow it will come back to 300/- at the same speed with which it went up.
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TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 01/Oct/2007 at 10:17am |
Director is looking to sell it's ESOP shares & move to RIL whereas CMD is anticipating promotion letter.
Pahale peet pooja phir kaam dooja.  |
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