Do you play the stock market

manson · 21st January 2008, 14:06

lambu, can you explain the double bottom with some numbers?
And, i've started accumlating in small quantities, safe thing to do?

manson.

tsk1979 · 21st January 2008, 14:15

I am right now resisting an urge to sell all my portfolio, and book losses.
But there is a small voice in my head which says "Stop looking at your demat account for 3 months". Forget that you own any shares.

I hope it does not go tumbling down all the way to 10,000!

lambuhere1 · 21st January 2008, 14:23

Quote:

Originally Posted by manson

lambu, can you explain the double bottom with some numbers?
And, i've started accumlating in small quantities, safe thing to do?

manson.

Manson, Me learning charts recently. I still believe its a double bottom. Lets wait and see what happens. Will explain on it soon.

Quote:

Originally Posted by tsk1979

I hope it does not go tumbling down all the way to 10,000!

Target for me in 2009 is close to the said number. Lets c who wins the bet.

ashthedivx · 21st January 2008, 14:30

Quote:

Originally Posted by tsk1979

I am right now resisting an urge to sell all my portfolio, and book losses.
But there is a small voice in my head which says "Stop looking at your demat account for 3 months". Forget that you own any shares.

I hope it does not go tumbling down all the way to 10,000!

I think one should not urge to sell all his holding at this particular time, one should have patience and deal tactfully rather then been nervous.

Proxima · 21st January 2008, 14:31

Bought RNRL intraday @ 178, now its 161, sell or hold?

Ajaybiz · 21st January 2008, 14:31

Started in MF's since 2002 very small amount and after 2004 it became reguler habit, Done some small SIP's also now after opening DMAT account with ICICI and bidding for 200 shares for Reliance Energy IPO i think i already entered stock market.

manson · 21st January 2008, 14:39

Quote:

Originally Posted by tsk1979

I am right now resisting an urge to sell all my portfolio, and book losses.
But there is a small voice in my head which says "Stop looking at your demat account for 3 months". Forget that you own any shares.

I hope it does not go tumbling down all the way to 10,000!

Tanveer, i had similar thoughts in the May-June 2006 correction, if you don't need the money urgently and its a part of your savings, then let it stay.
In your words, forget about them for a few months.

Proxima, if you're confident (and havent bought on rumours/tips) about a scrip (any scrip), take delivery and let it remain for a few months.

manson.

ashthedivx · 21st January 2008, 14:42

****ing 1600+ points correction

lambuhere1 · 21st January 2008, 14:46

Quote:

Originally Posted by Proxima

Bought RNRL intraday @ 178, now its 161, sell or hold?

RNRL was a short call today early in the morning from the charts for a target of 160 odd. Appears it has reached today itself. great news. Sorry being sarcastic, but charts tell us like that.

manson · 21st January 2008, 14:56

2062 points down, highest swing ever??

manson.

Sks_Biker · 21st January 2008, 15:21

Yeah higest intra day fall ever.. wiped out my whole profits.. has recovered a bit since.. now at -1600 pts

snaronikar · 21st January 2008, 15:33

It has started recovering after BSE stopped trading. currently trading at 1280 points down. An upward movement of around 800 points from days low of 2062 points.

maxbhp · 21st January 2008, 16:21

Quote:

Originally Posted by tsk1979

Let the sensex fall to 18500 and then buy

I thought the correction was predicted to be around 18000, now its 17605 .
Should have sold some earlier and bought them back now

. Many have already gone below their 52 week low.

snaronikar · 21st January 2008, 16:25

BTW, what created today's mayhem in market? Any ideas. I entered the market (RelCap) at levels of 2100. Now it is down. Should have waited for some time. My mistake.

Anyways, I have decided not take out until the market goes up. Let it take years. No problems.

normally_crazy · 21st January 2008, 16:41

I heard this happened to short selling by brokers. People standing with margin money could not pay up in time and the brokers had to short sell. That is what I heard from a source.

Was it the Rel Power IPO effect ?

View Poll Results: Stocks as a percentage of my net assets are -
0 - 25% -- I'm like the most conservative Indians. I love FDs.	396	32.25%
26 - 50% -- I have a few stocks.	550	44.79%
51 - 75% -- I'm an active trader.	201	16.37%
76 - 100% -- Hey, I'm an i-banker!!!	81	6.60%
Voters: 1228. You may not vote on this poll

21st January 2008, 14:06	#181
manson Team-BHP Support Join Date: Oct 2004 Location: Bombay Posts: 3,934 Thanked: 4,169 Times View My Garage	lambu, can you explain the double bottom with some numbers? And, i've started accumlating in small quantities, safe thing to do? manson. Last edited by manson : 21st January 2008 at 14:07.
	() Thanks

21st January 2008, 14:15	#182
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,717 Thanked: 22,825 Times View My Garage	I am right now resisting an urge to sell all my portfolio, and book losses. But there is a small voice in my head which says "Stop looking at your demat account for 3 months". Forget that you own any shares. I hope it does not go tumbling down all the way to 10,000!
	() Thanks

21st January 2008, 14:31	#185
Proxima BHPian Join Date: Jul 2006 Location: Chennai Posts: 910 Thanked: 302 Times	Bought RNRL intraday @ 178, now its 161, sell or hold?
	() Thanks

21st January 2008, 14:31	#186
Ajaybiz BANNED Join Date: Nov 2004 Location: Bangalore Posts: 1,440 Thanked: 320 Times View My Garage	Started in MF's since 2002 very small amount and after 2004 it became reguler habit, Done some small SIP's also now after opening DMAT account with ICICI and bidding for 200 shares for Reliance Energy IPO i think i already entered stock market.
	() Thanks

21st January 2008, 14:42	#188
ashthedivx Senior - BHPian Join Date: Feb 2007 Location: Delhi Posts: 1,356 Thanked: 24 Times	****ing 1600+ points correction
	() Thanks

21st January 2008, 14:56	#190
manson Team-BHP Support Join Date: Oct 2004 Location: Bombay Posts: 3,934 Thanked: 4,169 Times View My Garage	2062 points down, highest swing ever?? manson.
	() Thanks

21st January 2008, 15:21	#191
Sks_Biker BHPian Join Date: Feb 2004 Location: Bangalore, India Posts: 113 Thanked: 47 Times	Yeah higest intra day fall ever.. wiped out my whole profits.. has recovered a bit since.. now at -1600 pts
	() Thanks

21st January 2008, 15:33	#192
snaronikar Senior - BHPian Join Date: Jun 2007 Location: Bengaluru Posts: 2,845 Thanked: 29 Times View My Garage	It has started recovering after BSE stopped trading. currently trading at 1280 points down. An upward movement of around 800 points from days low of 2062 points.
	() Thanks

21st January 2008, 16:25	#194
snaronikar Senior - BHPian Join Date: Jun 2007 Location: Bengaluru Posts: 2,845 Thanked: 29 Times View My Garage	BTW, what created today's mayhem in market? Any ideas. I entered the market (RelCap) at levels of 2100. Now it is down. Should have waited for some time. My mistake. Anyways, I have decided not take out until the market goes up. Let it take years. No problems.
	() Thanks

21st January 2008, 16:41	#195
normally_crazy Senior - BHPian Join Date: Feb 2004 Location: Mumbai Posts: 4,369 Thanked: 528 Times View My Garage	I heard this happened to short selling by brokers. People standing with margin money could not pay up in time and the brokers had to short sell. That is what I heard from a source. Was it the Rel Power IPO effect ?
	() Thanks