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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #4711  Posted: Sat Aug 23, 2014 10:47 am Post subject: |
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| Thanks, corrected. |
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vinay28
Black Belt
Joined: 24 Dec 2010
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| Post: #4712 Posted: Mon Aug 25, 2014 10:35 am Post subject: |
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| Sparc >200. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4713 Posted: Wed Sep 03, 2014 8:38 pm Post subject: Re: Bhushan Steel |
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| vinay28 wrote: | | pkholla wrote: | Can anyone enlighten us as to: at what level we may consider entry into Bhushan Steel.
It has fallen to annual low of around 178 (with an annual hi of 504)
(In a similar case, I made a nice sum entering Aarti Drugs, some time back, after the blast in one reactor in one factory in Tarapur affected 3% of their revenues leading to +20% drop in price, the price shot up just as fast after reversal) |
not just the arrest of its chairman but corporate governance issue will now derate it. as such it is making a loss on a huge turnover. now likely levels are 162.70/105.75/70. it may reverse from 162.70 but probably only by a few tens of rupees unless they are found not guilty. if u r happy with a small gain, that's one level to buy with a SL of about 10 below it.
by the way, it has become an excellent investment buy being at a 3 year low but alas, it's not a good company worth investing in. |
Prakash, the above exchange took place on 12/8. today it became a 4 year low and excellent investment provided one has confidence that bankers will do something to run it efficiently. Note that it's market is auto industry and so prospects will be good. It also took support from a long term TL from 2006. Pl note that it can go lower also till investors are fully satisfied about its future. I intend to buy it tmrw for sure.
RK sir, PL NOTE THAT TODAY IT ALSO GAVE A -WW TARGET PENDING SINCE 2010.   |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #4714 Posted: Thu Sep 04, 2014 9:40 am Post subject: Re: Bhushan Steel |
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| vinay28 wrote: | By the way, it has become an excellent investment buy being at a 3 year low but alas, it's not a good company worth investing in.
Prakash, the above exchange took place on 12/8. today it became a 4 year low and excellent investment provided one has confidence that bankers will do something to run it efficiently. Note that it's market is auto industry and so prospects will be good. It also took support from a long term TL from 2006. Pl note that it can go lower also till investors are fully satisfied about its future. I intend to buy it tmrw for sure.
RK sir, PL NOTE THAT TODAY IT ALSO GAVE A -WW TARGET PENDING SINCE 2010. |
Vinay: Thnx for FB, I have kept it on my radar in NOW, waiting for free fall to end
We have to be sure that today's +5% up and Upper Bound trig is SAR and not Pause and Continue
Please note that 2 more confidence building measures related to Bhushan are:
a) SBI Ch'rwoman wants to replace the existing chor Board with professionals of her choosing (dont know whether already done)
b) Assets are in good shape, production and sales have not fallen so with tighter rein on admin and finance exps, cut down on "chori", company should do well
Cheers, Prakash Holla |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #4715 Posted: Thu Sep 04, 2014 10:20 am Post subject: |
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| couldn't buy bhushan as it opened in UC. hence bought Nocil |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4716 Posted: Thu Sep 04, 2014 11:28 am Post subject: |
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| adanient zooming up |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #4717 Posted: Thu Sep 04, 2014 11:39 am Post subject: |
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| any idea abt rcom vinay.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4718 Posted: Thu Sep 04, 2014 11:44 am Post subject: |
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| riteshucha wrote: | | any idea abt rcom vinay.... |
buy though it can go to 112. SL daily close below 107. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #4719 Posted: Thu Sep 04, 2014 11:46 am Post subject: |
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sure thanks... what would be ideal tgt..
| vinay28 wrote: | | riteshucha wrote: | | any idea abt rcom vinay.... |
buy though it can go to 112. SL daily close below 107. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4720 Posted: Thu Sep 04, 2014 11:49 am Post subject: |
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| riteshucha wrote: | sure thanks... what would be ideal tgt..
| vinay28 wrote: | | riteshucha wrote: | | any idea abt rcom vinay.... |
buy though it can go to 112. SL daily close below 107. |
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haven't checked. may be at night |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #4721 Posted: Thu Sep 04, 2014 9:03 pm Post subject: |
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| Please give your view on JP associate in different time frame. How is its fundamental position? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4722 Posted: Thu Sep 04, 2014 9:05 pm Post subject: |
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| acharyams wrote: | | Please give your view on JP associate in different time frame. How is its fundamental position? |
Acharya, I never look at cheat managements |
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sanjayojha
White Belt
Joined: 13 Nov 2013
Posts: 151
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| Post: #4723 Posted: Thu Sep 04, 2014 9:22 pm Post subject: |
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Vinay
sometime back in June you mentioned Tisco tgt 950 by Dec 14. In view of recent correction any revised tgt?
Also what about Veer Energy now it has come down to Rs 4 levels as you mentioned.
Sanjay |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #4724 Posted: Thu Sep 04, 2014 9:22 pm Post subject: |
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| ok, got it |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4725 Posted: Thu Sep 04, 2014 9:36 pm Post subject: |
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| sanjayojha wrote: | Vinay
sometime back in June you mentioned Tisco tgt 950 by Dec 14. In view of recent correction any revised tgt?
Also what about Veer Energy now it has come down to Rs 4 levels as you mentioned.
Sanjay |
sanjay, I think that target was given by Mr Raja. I haven't looked at it for quite some time as I am holding it for long term unless I feel market may crash but that seems very unlikely as of now.
as regards veer, it could turn out to be a hoax. I am thinking of keeping different SLs for different qty e.g. say daily close below 3.70, weekly close below 3.60 and monthly close below 2.50. If it goes up, immediate target is about 6.50 in about 3 weeks. |
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