Tuesday, January 22, 2008
for investors
RCOM is a good bet at cmp 575
target 650 this week and 770 soon
here the stop loss in very difficult to me but i think
a 5%loss is affordable when you expect a 30 % gain
so sl 545
For investors
To my opinion this is the time to start investing in the market. Surely. Why I think so coz, the worst seems to be over now and most of good fundamental stocks are at realistic price. It is futile to say the market direction at this point but even if the sensex take another six month to reach 21k there are many stock which can give 30 to 50% to the investor. Caution at this time is to take to be stock specific (see only bajajauto is the gainer in bse 30). and a strict stop loss to be followed. it is ones comfort level and it may be a pervious low or any percentage one can afford. And don’t expect some one to pull the trigger for you.
For eg: RCOM I propose at around 800 in many forums with a sl 772 is reached below 500 ? today. all my stops hit and fell further down coz the market find its reason to fall when it reaches to peak and it doesnt care any good news when it is falling. Forget my target> 850. Can it not come 650 (next resistance)and then 750 in six months? Sure it will. Don’t dare to post a chart now it all looks so disgust.
I am not advocating any trade but explaining the general situations now. I am glad to post my views on the forum to share with all my friends and know their comments on investing at this time of fear.
Regards to all.
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