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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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 Posted: 17/Mar/2008 at 4:03pm |
I took an aggressive position here today at about Rs 895- 910. Added this with CBoP. Reduced exposure to Yes Bank and Axis Bank.
I am not sure if what I did was correct or not so please try and do what you think should be done.
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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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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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Posted: 17/Mar/2008 at 4:06pm |
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Fits your retail and banking investment theme.
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
Online Status: Offline
Posts: 6675
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Posted: 17/Mar/2008 at 4:11pm |
Originally posted by basant
I took an aggressive position here today at about Rs 895- 910. Added this with CBoP. Reduced exposure to Yes Bank and Axis Bank.
I am not sure if what I did was correct or not so please try and do what you think should be done. |
Appreciate your promptness in making a disclosure. At least you are much better than some of our private banks which dont even care to report losses of exceptional nature.....
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Buffet
Newbie
Joined: 01/Nov/2007
Location: India
Online Status: Offline
Posts: 36
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Posted: 17/Mar/2008 at 4:16pm |
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Now I know why YB and AB fell drastically towards end of trade...
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chic_1978
Senior Member
Joined: 10/Aug/2006
Location: India
Online Status: Offline
Posts: 690
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Posted: 17/Mar/2008 at 6:15pm |
SIRJEE
JUST OUT OF CURIOSITY......
R U PLAYING SAFE WITH TITAN....REDUCING RISK ON AXIS & YES
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happy & wise investing
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 17/Mar/2008 at 6:46pm |
Derivative is unknown unquantifiable problem. I am not sure how much it can hit. Maybe it comes out well also but the potentail loss after the movement in Yesn is troubling.
ALso market falls gives an investor an opportunity to switch stocks according to his convenience because everything falls.
Also with Titan there are no unknown variables and at a pE of 20 times Fy 09 it prvides greater (mental) comfort.
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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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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 3142
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Posted: 17/Mar/2008 at 7:33pm |
Originally posted by basant
I took an aggressive position here today at about Rs 895- 910. |
This stock has been historically used to play gold bullishness story. Was this purchase due to gold bullishness?
Gold just took a $25 intraday hit on Comex!!!
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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Mohan
Senior Member
Joined: 09/Feb/2007
Location: United States
Online Status: Offline
Posts: 1855
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Posted: 17/Mar/2008 at 10:58pm |
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Better safe than sorry.
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Be fearful when others are greedy and be greedy when others are fearful.
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