my earlier msg could not be displayed properly.i was talking abt rec.it came at a price of 105 and it has given 3fold returns to investor not to trader with just 3 years.was govt fool that it priced rec at 105
Rsquare,u r talking about pricing of miol,was govt fool that it came with ipo of REC@105.rec remained below its issue price for 2 months from the date of its listing.roaring on strong fundamentals it has given 3fold return to investor within just 3 years.
What you are talking that make sense to me. If i take out profit this level then I need to pay 10% short term gain. so what I will get in 17 stock ? ( I have 34 in 2 account) same thing if I hold then also i will get 10% after 1 year. And also look at all mine stock they are not outperform. Sesagoa came back from 475. NMDC also not going any where. So once this sector move there should be definitely movement in MOIL. I am not expecting MOIL to go below 400. And if it is then I will start adding at those level. Currently I am not adding thing just holding. Most of people not considering short term gain TAX. which is really important. But I like from this post is you speak logical not junk as like M Gupta.
Long term sort of things should be though about in bear phases because in bull phases most of the opportunies have already got converted in realities. So there is low return high risk situation.
Even if MOIL goes 900 (double) in next 5 years, that would be just 15% ccompounded return with an attached risk that market may enter in bear phase (which we see generally after each 4-5 years. I would surely look at fundamentals but in bear phase (like I did earlier with Binani Ind., Few bank shares, Helios & Methason etc). In bear phases, all shares are traeted almost equal so at that time fundamentally strong shares could be picked which would out perform market heavily...but not at 18k sensex brother....
If 6k is not big amount to worry about, its not big enough amount to remain invested too.
You may call it satta or anything else but this is itself a fundamental truth that no one in this world such a fool to give u rs900 worth goods at 400. People started thinking that it will list at 600 - 700 which meant another 1000k loss to govt exchequer after 2g/3g scam :-). This was the reason of bad performance of this share.
You are right, Chatur Ramlingam was not thinking long term. So you should understand now. And don't write Happy investing... in your messages. B'coz you are supporting SATTODIA not investor. So I believe you are also not a investor.