Mcleod Russel (India) BSE: 532654 | NSE: MCLEODRUSS

Anid_007

Call on 22 May 2008

Stock Name: Mcleod Russel (India) BSE: 532654 | NSE: MCLEODRUSS

Buy at CMP : 108 (approx) or below

ST target: 124

Stoploss: 95

Risk: High (Stock is doing good, but market condition goes against buying high P/E Stock)

WildFire · Rich + + Posts: 42 Join date: 2008-01-17

Anid,
Mcleod russel has posted a loss for March quarter and looks like we are trapped. Whats your view on this one now as the market is also taking a beating? Average?

_________________
Man believed that woman is the most efficient money reducing agent until the sensex broke his myth

Anid_007

WildFire wrote:

Anid,
Mcleod russel has posted a loss for March quarter and looks like we are trapped. Whats your view on this one now as the market is also taking a beating? Average?

No, it was a sell when it hit stoploss 95 If you are trapped, sell out booking loss, more downslide left. 55 odd could be new entry point. In this market do follow stoploss strictly.

Regards,
Anid

WildFire · Rich + + Posts: 42 Join date: 2008-01-17

Anid_007 wrote:

No, it was a sell when it hit stoploss 95 If you are trapped, sell out booking loss, more downslide left. 55 odd could be new entry point. In this market do follow stoploss strictly.

Regards,
Anid

Sorry i didn't see you sell call on this scrip. I was thinking that your stoploss definition you gave before in google forum is what you still follow "to wait and sell when buy price comes if the stoploss was hit".

_________________
Man believed that woman is the most efficient money reducing agent until the sensex broke his myth

Anid_007

WildFire wrote:

Anid_007 wrote:

No, it was a sell when it hit stoploss 95 If you are trapped, sell out booking loss, more downslide left. 55 odd could be new entry point. In this market do follow stoploss strictly.

Regards,
Anid

Sorry i didn't see you sell call on this scrip. I was thinking that your stoploss definition you gave before in google forum is what you still follow "to wait and sell when buy price comes if the stoploss was hit".

No No--Don't follow that all the time--That holds good for only those shares which simply blue chip and has sure shot of chance of bouncing back. Stoploss is Stoploss--Sorry if that comment in the google forum led to this confusion.

Regards,
Anid

WildFire · Rich + + Posts: 42 Join date: 2008-01-17

Anid_007 wrote:

No No--Don't follow that all the time--That holds good for only those shares which simply blue chip and has sure shot of chance of bouncing back. Stoploss is Stoploss--Sorry if that comment in the google forum led to this confusion.

Regards,
Anid

Got it. Actually sold all today and wiped off all my profit done after the jan 21 crash Sad

_________________
Man believed that woman is the most efficient money reducing agent until the sensex broke his myth

Anid_007

WildFire wrote:

Anid_007 wrote:

No No--Don't follow that all the time--That holds good for only those shares which simply blue chip and has sure shot of chance of bouncing back. Stoploss is Stoploss--Sorry if that comment in the google forum led to this confusion.

Regards,
Anid

Got it. Actually sold all today and wiped off all my profit done after the jan 21 crash Sad

-- Dont worry, it is part of the business what we all are in, will try to help you recover more than what you lost.

Regards,
Anid