Do you play the stock market

snaronikar · 11th February 2008, 11:34

Quote:

Originally Posted by normally_crazy

That 599 looks like a rigged figure to me. A couple of shares may have been traded at that price to make sure that the investors do not panic.

.

Quote:

Originally Posted by SumitB

Where dit it list on 599?

Today's high was 599 and it did not list at 599.

LLL · 11th February 2008, 11:57

Markets have hit rock bottom now. RPL @ 414. i am guessing its a good time to buy now and sell when it returns to 430 within a few hours/days.

DCEite · 11th February 2008, 12:00

Quote:

Originally Posted by LLL

Markets have hit rock bottom now. RPL @ 414. i am guessing its a good time to buy now and sell when it returns to 430 within a few hours/days.

Playing short term in volatile markets=DANGER!

LLL · 11th February 2008, 12:09

Quote:

Originally Posted by DCEite

Playing short term in volatile markets=DANGER!

yes its dangerous but everyone is saying that RPL will give returns in long run. So if we have to retain the stock for an extended period, then also it shouldnt be a problem. Also, i am thinking that HNI's/QFB will not like stock hovering below their buy price, so ADA and his MFs will buy to prop the price up.

BTW - ICICI Bank heading towards 1000 breach...its rt now @ 1010.

snaronikar · 11th February 2008, 12:14

Quote:

Originally Posted by LLL

Markets have hit rock bottom now. RPL @ 414. i am guessing its a good time to buy now and sell when it returns to 430 within a few hours/days.

I would wait till today evening and if the down trend is still continuing, then wait till tomorrow's opening.

saildrive · 11th February 2008, 13:06

hey guys

anyone who applied for RPOW and not got refund - i for one havent even got any shares nor the money?

portfolio down from 60% to 9%. its a ****ty feeling man!

snaronikar · 11th February 2008, 13:31

The sensex is going down down and down. The RPL stocks have plummetted to 397 as of now. Think sensex is testing 16500 levels right now. If this breaches, then god help us.

SumitB · 11th February 2008, 13:34

As per the fundamentals, RPower when compared to NTPC is highly over-price. If you are in for a longish stint with a pwer based share, go in for NTPC. Safe and secure as compared to RPower.

snaronikar · 11th February 2008, 13:41

Quote:

Originally Posted by SumitB

As per the fundamentals, RPower when compared to NTPC is highly over-price. If you are in for a longish stint with a pwer based share, go in for NTPC. Safe and secure as compared to RPower.

Thanks man. I already have NTPC/Powergrid/Suzlon in power sector. But all are in red right now. I will have to wait.

tsk1979 · 11th February 2008, 13:52

I sold a lot of stock today at loss, and invested that into some select large caps which were hammered today
Suzlon/airtel/Powergrid/
So finally, for this financial year I am now in red instead of green.
Thankfully the loss is small.
Will pick up more stocks if tomorrow things crash
Otherwise will sell what I got today.
I presume this is called "swing trading?"

LLL · 11th February 2008, 20:35

So @ what price did u guys dump rpl?

jaibir · 11th February 2008, 20:43

Hadn't subscribed to the Reliance Power IPO. Bought in at 390 this morning. I think Reliance Capital will be supporting the share price in the coming months (similar to what happened to RPL a few months back). Will exit it then.

koolaruny · 11th February 2008, 21:19

Quote:

Originally Posted by saildrive

hey guys

anyone who applied for RPOW and not got refund - i for one havent even got any shares nor the money?

portfolio down from 60% to 9%. its a ****ty feeling man!

If you haven't heard back until today evening, there is a good likelihood that you have not been allotted any share. You should thank your stars.
Refund process has started and people have started getting cheques back.

BaCkSeAtDrIVeR · 11th February 2008, 21:21

Guys, olease use the correct abbreviations - RPL is the ticker for Reliance Petroleum Limited - the Mukesh Ambani company. Reliance Power is an Anil Ambani co. Please use Rpower or RelPower while abbreviating Reliance Power.

rsjaurr · 11th February 2008, 23:06

Quote:

Originally Posted by tsk1979

I sold a lot of stock today at loss, and invested that into some select large caps which were hammered today
Suzlon/airtel/Powergrid/
So finally, for this financial year I am now in red instead of green.
Thankfully the loss is small.
Will pick up more stocks if tomorrow things crash
Otherwise will sell what I got today.
I presume this is called "swing trading?"

My advice to you will be to stay away from stock market for atleast next 6months or so.It may crash to 14-15k level easily now as sentiments are really down.
trust me, then loss will not be small!!

View Poll Results: Stocks as a percentage of my net assets are -
0 - 25% -- I'm like the most conservative Indians. I love FDs.	419	31.62%
26 - 50% -- I have a few stocks.	591	44.60%
51 - 75% -- I'm an active trader.	217	16.38%
76 - 100% -- Hey, I'm an i-banker!!!	98	7.40%
Voters: 1325. You may not vote on this poll

11th February 2008, 11:57	#437
LLL BHPian Join Date: Mar 2005 Location: Delhi Posts: 636 Thanked: 2 Times	Markets have hit rock bottom now. RPL @ 414. i am guessing its a good time to buy now and sell when it returns to 430 within a few hours/days.
	() Thanks

11th February 2008, 13:06	#441
saildrive BHPian Join Date: May 2006 Location: mumbai Posts: 185 Thanked: 56 Times	hey guys anyone who applied for RPOW and not got refund - i for one havent even got any shares nor the money? portfolio down from 60% to 9%. its a ****ty feeling man!
	() Thanks

11th February 2008, 13:31	#442
snaronikar Senior - BHPian Join Date: Jun 2007 Location: Bengaluru Posts: 2,845 Thanked: 31 Times View My Garage	The sensex is going down down and down. The RPL stocks have plummetted to 397 as of now. Think sensex is testing 16500 levels right now. If this breaches, then god help us.
	() Thanks

11th February 2008, 13:34	#443
SumitB BHPian Join Date: Jan 2007 Location: Shillong Posts: 989 Thanked: 265 Times	As per the fundamentals, RPower when compared to NTPC is highly over-price. If you are in for a longish stint with a pwer based share, go in for NTPC. Safe and secure as compared to RPower.
	() Thanks

11th February 2008, 13:52	#445
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,697 Thanked: 23,489 Times View My Garage	I sold a lot of stock today at loss, and invested that into some select large caps which were hammered today Suzlon/airtel/Powergrid/ So finally, for this financial year I am now in red instead of green. Thankfully the loss is small. Will pick up more stocks if tomorrow things crash Otherwise will sell what I got today. I presume this is called "swing trading?" Last edited by tsk1979 : 11th February 2008 at 13:58.
	() Thanks

11th February 2008, 20:35	#446
LLL BHPian Join Date: Mar 2005 Location: Delhi Posts: 636 Thanked: 2 Times	So @ what price did u guys dump rpl?
	() Thanks

11th February 2008, 20:43	#447
jaibir BHPian Join Date: Dec 2007 Location: Bangalore Posts: 317 Thanked: 50 Times	Hadn't subscribed to the Reliance Power IPO. Bought in at 390 this morning. I think Reliance Capital will be supporting the share price in the coming months (similar to what happened to RPL a few months back). Will exit it then.
	() Thanks

11th February 2008, 21:21	#449
BaCkSeAtDrIVeR Senior - BHPian Join Date: Jun 2007 Location: Kochi Posts: 2,540 Thanked: 758 Times	Guys, olease use the correct abbreviations - RPL is the ticker for Reliance Petroleum Limited - the Mukesh Ambani company. Reliance Power is an Anil Ambani co. Please use Rpower or RelPower while abbreviating Reliance Power.
	() Thanks