Will this drop further?
As a new comer I would appreciate views on this.
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Kaush wrote:Deva, I think you have learned a lesson by just going with rallies. It is good that you learned a valuable lesson now, without being too late. NEW COMMERS are highly vulnerable for fake rallies and market speculations. So my advice is first understand the market situation then select few number of shares which you believe have good potential and continuously monitor them. After doing technical and strategic analysis you can decide whether to buy or not. Initially spend some time understanding the market and companies later you will be able to take decisions more accurately and quickly.
If you are not expert on technical analysis or strategic analysis do not worry, your common sense and basic knowledge on financial statements and strategies is more than enough. Most of the time I take decisions based on strategic analysis since I am a long term investor. You may decide what ever way you are good at according to your objectives. But keep this in mind if you come here to become rich overnight, this is not a place. You might end up loosing whole your money. "Patience" is the key. "Knowledge" and "Common sense" will make you rich.
By the way as far as I know PAP has moved up because of the fake rally based on the speculations. Even directors have sold most of their stakes. I do not see any valid reason for this and sudden increase of value not supported by any strategical move according to my knowledge.
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