Dear Mr. Sreedhar, First HAPPY NEW YEAR-2011 I have 73 shares of Claris in my Demat@IPO rates which I m holding as it is in RED, should i hold on for future as I don't require any funds?? what's the future of Claris?? Will it cross to its IPO rates or not? AWAITING EAGERLY YOUR MOST VALUABLE COMMENTS.
Whatever Star Experts recommendation may say, always consider whether a particular investment is right for you in light of your own financial circumstances. Remember, you are the boss, it's your money, and your situation and goals that matter.
Before you invest, investigate. Question the rationale of BUY or SELL recommendatons. Because there is no substitute for investors who know how to look behind Star Experts opinion.
Always keep in mind the stop-loss & don't cancel stop-loss altogether.
These december listings are killing any interest for listing gains thro' an IPO/FPO. SCI, MOIL and now Claris! I invested into SCI and MOIL but now I am forced to hold them both. I cant take the loss on MOIL I am making right now (18K) and I am thinking of getting out of SCI but I am positive about it in 2yrs time! I dont think anybody can ever enter SCI at 130s or MOIL at 441 ever again!
NG@479 I liked your idea into investing into Claris. I know they do have issues right now - the USFDA issues - the fungal contaminations, The issue of a company “Core Healthcare Limited”, which was promoted by a relative (father) of the present promoter of the Claris etc. There was heavy negative inputs during and after the IPO. I am sure the stock will bottom down (may be even to 150 or even less) but then once these issues get sorted out - they are likely to become the market leaders in injectables! If you have the patience to hold for 2-3 years - I am sure you WILL reap the benefits much more than any pharma company can presently give!! I would say it might touch 600 in 2-3 years but is not going to give you anything this fiscal and the next fiscal!! None whatso ever!
Thanx a lot for your considerate comments. I would to bring before this forum my style of trading so that they can further comments for things for me to improve:
a) I dont do day trading. I always take delievery. b) I only do one transaction at NSE and one at BSE, either to buy or sell. c) I generally take my consious call for selling and buying. Though at the time of buying somtimes I buy at higher level beacuse of over confidence. d)I always like to invest when nobody is willing to do, backed by scrip fundamentals. Thats why I bought claris 345 at Rs 228. e) I am traking stock market since I was 18, almost 13 years back.
Finally, I feel that from stock market a common man cannot get rich. He need to use his time and energy for other valuable things. On the other hand, as the stock market is the right reflection of your country/economy and should be a good place to stay on, provided you refrain from speculation. As for long term stock market has only tendency to gain.
All traders should have well defined stop-loss & target in mind even before they initiate a trade.
Making money on a "bad" trade - holding a massive losing position, only to have it come back leave you a profit - is one of the worst things that can happen to a trader. Tendencies such as these destroy traders over the long run. By trading like this, traders can come to believe that next time they are holding a losing position it will come back. Unfortunately, if this fails to happen just once, it could wipe out your trading account. The trader may also falsely believe that because jumping in and out of the market without paying attention made money yesterday, it might also work today. This is a risky way to play the market.
Don't deceive yourself into thinking you made a good trade, when in actuality you may have simply gotten lucky.
You can ask yourself a few questions to understand how much your past affects your thinking. Figure out what the opinions of others mean to you:
1. Do you heavily rely on others? 2. Are you hesitant to put your views in this forum due to fear of sounding "stupid"? 3. Do you look to others for approval before you commit to action? 4. Do you constantly speak about your past accomplishments? 5. Do you need input from others in your decision making process?
For those of questionss, your answer is "yes" to many of these, you are fearful to act or commit to a plan of action without external approval. Consider how this affects your stock trading activities; you will quickly realize how fear prevents you from becoming the trader that you know you are or can be.
One of the worst habits that you can form is following what the experts say. Many investors get in the habit of basing their investment decisions on what an investment expert has to say about a topic. For example, an expert might say that everyone should liquidate their shares of MOIL. Based on that recommendation, you sell your shares of the company. As soon as you sell, the price of the stock increases and you miss out on profits. Instead of blindly following the experts, you should form your own opinions about an investment. You want to be able to do your own research and find out everything that you can about an investment before you buy or sell.
One of the biggest problems with investors is that they are constantly looking for the "Holy Grail" of investing. In reality, there is no perfect method of trading or perfect investment. Once you take a loss, forget about it and move on. Adrenaline is a sign that your ego and your emotions have reached a point where they are clouding your judgment. Embracing your opinion leads to financial ruin. In the stock market, heroes get crushed. Take personal responsibility for each trade.
Amateur traders think about how much money they can make on each trade. Professional traders think about how much money they can lose.
There are a few things you should absolutely not do:-
1. Try to pick tops or bottoms. 2. Cancel a stop-loss. 3. Move the profit target. 4. Let a profitable trade turn into a loser. 5. Impose your will on the market (trading with the hope). 6. Never let a day trade turn into an overnight trade or convert into long-term investment.
AS TOLD IN MORNING , IT HIT OUR FIRST TARGET OF 200. REQUEST TO OTHERS NOT TO MISGUIDE OTHER INVESTORS.GIVE TRUE FACTS, DONT SAY THIS/THAT FII/DII IS BUYING OR SELLING, OR DO DARE TO SHORT NOW!
Did I ask u to follow me Natarajan? It's always your call and not mine! As for figures and facts, y should I give them to u! I only advise! Its upto you to pay heed or move over!! Dogs do bark when there is a lurking hidden danger, do u bark with them? I am the dog that warns! My job is half done!!
468, Devulapillai C, How many lakhs did you earn using astrology in share market? If you give with facts and figures we can believe you and follow you.