Lol! It's quite funny to watch a few naysayers posting relentlessly on here to rejoice other's notional losess. A few other non applicants though reacted maturely by reckoning that Hyundai wasn't the only stock to go dow today.
IMO
A. Hyundai went down along with most other bluechips. RIL, Tata Motors, L&T and so on. (I hold 'em all in a good quantity)
B. Many retailers and small HNIs whose conviction got shattered or rather the opinion got swayed due to unabated bombardment of negative views all over, must have sold their holdings (Which was evident by the sell quantities apparent in the multiplle of 7), the remaining would get out in a day or two.
C. I'm steadfast and going to hold until I make reasonable profits here which I believe would come once the market reverses direction.
D. A small notional loss like this ain't going to make a difference to my portfolio which has been diving at the rate, couple of lacs each day due to this correction.
E. I know of many such corrections where people lined up to sell whatever they had at throwaway prices. Case in point: The 2008 correction or The Covid related correction.
D. Folks who are seemingly happy believing that others made losses ain't no masters of the markets. NO! They just got lucky today because of the overall bearish trend. The game has just begun and I'm sure that many real investors know how bluechips move and how to make money using 'em.
Thank you!
Nothing,
Like Anything!