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Will REG turn back tommorow? plese reply smallville,windi5 and other experts

+5
rijayasooriya
windi5
mark
srilankanmarket
barney
9 posters

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barney

barney
Equity Analytic
Equity Analytic

Reg seems like a bearish engulfing pattern.what will the price range tommorow? i bought at 503 what is the best price to sell?

srilankanmarket


Senior Equity Analytic
Senior Equity Analytic

You Think?? lol

503 I bought it at 472 and started crying haha

Tell me this did you buy it on credit Barney??

Please read Slstock Posts its not to demoralize you but just to make you Think before you leap or in your case Plummet

I'm sorry if I made you feel bad but like I said even I did the same thing.

Be patient REG might comeback to a decent amount tomorrow (I hope you saw the word Might in bold Smile )

Sell It and try and break even and thank god if you did.

Buy shares that your sure of.. I was to sell my shares at 503 today but my CDAX wasn't working and My Broker wasn't picking up the phone (I know talk about luck )

Nobody else was there to handle it as well because capital alliance had an Intro today or I wouldnt be here in this mess.

Anyways All I can say Barney is dont panic be patient.

Please note that there was no recommendations in this post pure context and other such material with Facts from different people.

mark

mark
Expert
Expert

barney wrote:Reg seems like a bearish engulfing pattern.what will the price range tommorow? i bought at 503 what is the best price to sell?

sry this topic may not relevant to me Smile

btw where is your stop loss point?

srilankanmarket


Senior Equity Analytic
Senior Equity Analytic

Haha Love the signature Very Happy

barney

barney
Equity Analytic
Equity Analytic

yes. i bought them on credit.actually i bought at 420 and sold at 499 thinking there will be a resistance at 500 but the then it was passed so i thought next level would be 600. so i bought again at 503.
@mark....ohhh i didn't see ur post yesterday.what do u think of tommrow price range?

srilankanmarket


Senior Equity Analytic
Senior Equity Analytic

WOW you were so lucky... Listen barney if there's one advice that I could give you is that you need to know when to quit and be satisfied. I only wish I had the same opportunity as you lol

Anyways be patient Barney.. You are lucky that you dont have to handle the news on your own as there are many experts in the forum.

I pity the ones who must be grinding on their nails right now

Anyways I feel that it might go up tomorrow IA but I could be wrong.

If you sense that it is not gonna move up any further be willing to sacrifice the profit you made before.

In this case it would be like 493 Minus 425 (With all the broker fees )
And I'm assuming that you purchased not more than a hundred Wink

So that would be something like 6500 if you make a loss near this amount and you feel like the share is not going anywhere after that sacrifice the profit.

Thats of course a theory I dont know what price its going to be. Its too volatile to say Sad

barney

barney
Equity Analytic
Equity Analytic

thanks for the replies....i have 300 shares.hope to sell at least at 450 tommorow

windi5

windi5
Moderator
Moderator

It has risen almost 180 percent from 175 rupees on September 14, 2011 to 488.80 on October 3 so it need a break. Might come back

mark

mark
Expert
Expert

srilankanmarket wrote:Haha Love the signature Very Happy

hehe Very Happy , i love to be Laughing


barney wrote:yes. i bought them on credit.actually i bought at 420 and sold at 499 thinking there will be a resistance at 500 but the then it was passed so i thought next level would be 600. so i bought again at 503.
@mark....ohhh i didn't see ur post yesterday.what do u think of tommrow price range?

*their was a huge pump to push the price up from 503,but every time it sucks by sellers...finally manipultors gave up.,so it went down to 420 by a huge market order from 500-420,this order can be a single order....

*also noted that their was a HUGE UNDISCLOSED SELLING QTYS in 500-503....

*my choice is to quit with min loss,btw their can be some short runs until cooling down to 300-350 levels.. scratch

good luck

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

barney wrote:yes. i bought them on credit.actually i bought at 420 and sold at 499 thinking there will be a resistance at 500 but the then it was passed so i thought next level would be 600. so i bought again at 503.
@mark....ohhh i didn't see ur post yesterday.what do u think of tommrow price range?
This is a classic example of what would happen if u go after rallies with greediness.Do not take this personally brother.But learn the lesson.
If u want to do technical analysis first u have to learn it A-Z.TA is misleadingly calm deep ocean with lot of sharks.

manojtharanga


Stock Analytic
Stock Analytic

rijayasooriya wrote:
barney wrote:yes. i bought them on credit.actually i bought at 420 and sold at 499 thinking there will be a resistance at 500 but the then it was passed so i thought next level would be 600. so i bought again at 503.
@mark....ohhh i didn't see ur post yesterday.what do u think of tommrow price range?
This is a classic example of what would happen if u go after rallies with greediness.Do not take this personally brother.But learn the lesson.
If u want to do technical analysis first u have to learn it A-Z.TA is misleadingly calm deep ocean with lot of sharks.

Of course rijayasooriya, we face losses cos we are too greedy to collect profit tongue

srilankanmarket


Senior Equity Analytic
Senior Equity Analytic

mark wrote:
hehe Very Happy , i love to be Laughing


Lol Dont we all Wink

Anyways I agree with the seniors its the greediness that needs to be controlled. I have friends who have never made profits on the share market and deem it to be cursed.

The truth is its not only luck its timing, patience, Practicality, Satisfaction that leads to successful trading. I'm no expert I can tell you that but you could ask anyone here. I'm pretty sure they would back me up.

Don't try and trade like you've got a million to lose if you dont have it. Losses are part of the course make it and move on. Don't regret

Anyways Barney I hope things work for the Both of Us god gave you a chance to quit dont make him regret his decision Wink

Simple GIGO theory (Get in Get out)
Sorry if I sound a bit strong Smile

mark

mark
Expert
Expert

barney wrote:thanks for the replies....i have 300 shares.hope to sell at least at 450 tommorow

dnt worry brother,its a cycle of profits and losses.......use this experience and trade wisely,in this mkt funda not working,so every retailer going after these rallies,there is no bad of follow the crowd,but you must be smart enough to not to be a sucker...

rmmbr there is many many retailers who bought thousands of shares at peaks,so u better to take this incident as a lesson.

good luck

*note-REG may go to 600 tmrw,but dnt worry,just convinced that you done the right thing.

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

i not 100% sure but got rumor deleted deleted dorp his shares.... that will may be a one of good reason for reg.... because deleted not in REG now Smile

some broker company don't touch REG because deleted was there ?? he he

FALCON

FALCON
Senior Equity Analytic
Senior Equity Analytic

@CS1 yes 100% u correct, still he has a small Qty,
I think today he will dump

barney

barney
Equity Analytic
Equity Analytic

ha ha.....it returned back. Now i think i can leave reg around 500-550 2morow.
@srilankanmarket: hope u didnt dump them below 470.now u can sell them without any loss. thums up!!

Dr.Bubble

Dr.Bubble
Senior Equity Analytic
Senior Equity Analytic

today big orders may not be there tmrw Wink

rmmbr EAST,it went down to 35 and pushed up to 40 levels,then rmmbr wt our guys thought?

they thought the second run was started,but there was only a fake run to letting medium buggers to quit..

i think this is the time to quit with minimizing your losses..
scratch

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