[swale84]

Originally Posted by spadival

LOL.. Anybody wants my L&T shares? . I got a small amount worth Rs 20k some time back. Now its worth all of Rs 4k - a loss of value of over 80% !!

But all said and done, its a solid company with solid results. I may buy some more now.

Same here, shares that were worth 8 lakh around 6 - 7 months ago are worth a relatively measly 2 lakh now. Of course, these were bought over a decade ago for a litlle over 5000 Rs!!

[DCEite]

Originally Posted by swale84

Same here, shares that were worth 8 lakh around 6 - 7 months ago are worth a relatively measly 2 lakh now. Of course, these were bought over a decade ago for a litlle over 5000 Rs!!

You into stock market since age 14 ?

[tsk1979]

I will start investing one 8000 is breached.
As for bottom fishing, I guess 6000 is a realistic level in today's scenario

[SLK]

Well, the market is expected to stay nearabout the bottom [whatever it might be 7-8k] for a while, it won't jump back to high levels instantly.

So its better to wait it out till that point and then dive in.

[DCEite]

My guess is that the market will touch around 7000 in April 2009 and then stay around 8000-10000 till the next two-three years.
After that bull run will start and by 2016 the Sensex would be touching 30,000 levels.

[snaronikar]

Originally Posted by DCEite

My guess is that the market will touch around 7000 in April 2009 and then stay around 8000-10000 till the next two-three years.
After that bull run will start and by 2016 the Sensex would be touching 30,000 levels.

Don't tell me. You want us to stay invested till 2016.

[spadival]

Originally Posted by snaronikar

Don't tell me. You want us to stay invested till 2016.

2016 is just 8 years away. That's the only real way to make money on stocks. History has proven that any short term investment will give you average or no returns at all, unless you are terribly lucky.

[gkrishn]

Originally Posted by DCEite

After that bull run will start and by 2016 the Sensex would be touching 30,000 levels.

Is that 2016 target based on some kind of 8-year boom/bust cycle trend i read some where? Nice try though...

Adding another guess here... bottom might be at around 8k.

[swale84]

Originally Posted by DCEite

You into stock market since age 14 ?

Well, my Dad's been investing in my name (as a minor of course) since then. He still does - I have no clue about my stock portfolio, he just mentioned this to me because they sent me a 100 bonus shares

[ASHISHPALLOD]

I think this is right time to invest in gold.

[tsk1979]

I hope my portfolio will turn green before 2011
I have suzlon at 250+ also, and look now its 55.
Bharti is below 600
NTPC is kissing 130.
However I expect sharp rise in share prices on monday

[spadival]

Originally Posted by swale84

he just mentioned this to me because they sent me a 100 bonus shares

Bonus?? What bonus..Ahh.. that explains it!! My Portfolio thingy didn't account for the bonus shares. So the loss of value isn't that bad, only 65% instead of the earlier figure of 80% !!

[gkrishn]

Closes 11% down. The biggest loser in asia... took away 1000 points in a day. Whats the point in talking targets here....

[SLK]

Originally Posted by tsk1979

However I expect sharp rise in share prices on monday

I'm not so optimistic about that.

But if it does
1) It'll be B'coz of some US fed reserve action (if any happens today)
2) Or it'll fall even worse on tuesday!

Watch out for US markets today, This'll be the first time US will follow us.

[tsk1979]

I guarantee that the sensex will not fall by a single point on tuesday. I am willing to bet on that