BLUE will go up further...?

DKR · 1 BLUE will go up further...? Sat Jun 11, 2011 8:08 am

DKR

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As im new to the share market, i did a mistake buying BLUE shares Rs.7.00. Please discuss whether it goes up or not.

Leo_pold · 2 Re: BLUE will go up further...? Sat Jun 11, 2011 12:38 pm

Leo_pold

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I think you made the mistake of trying to catch a flying rocket. BLUE is said to have the potential of reaching 10 and it is one of the highest traded shares in CSE. But you have kind of a picked it up at a peak.

Anyway I have two questions for you:
1) Is BLUE the only share you own?
2) Who's you're broker and what is his opinion?

By the way, welcome to the forum, stay with this and you'll learn so much. Here's where I learnt almost all my lessons and I'm learning each and every day..

DKR · 3 Re: BLUE will go up further...? Sat Jun 11, 2011 3:32 pm

DKR

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@leo i brought via online trading.... im going to minimize the lost and will try to recover with simple mathematics....

Leo_pold · 4 Re: BLUE will go up further...? Sat Jun 11, 2011 4:45 pm

Leo_pold

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Hmm. It seems like you got it on 9th June, the only time it ever crossed 7 since August 2010. The best thing to do would be to collect some below 6 to bring down the average price. (It has a good chance to trade below 6 in the coming week)

Anyway I think it's better if some experts join in to advice here. This is going to be a very common trend around, with a lot of newbies now armed themselves with online trading facilities to do business on their own.

All the best buddy..

SilverHawk · 5 Re: BLUE will go up further...? Mon Jun 13, 2011 11:15 am

SilverHawk

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There is no resonance behind BLUE to move as this. Probably It will start collapses, ones it reach 8/= mark. For me it's purely due to speculation.
be careful when entering at this level.

RichDad · 6 Re: BLUE will go up further...? Tue Jun 14, 2011 12:46 am

RichDad

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Brokers promote BLUE and predict to hit the 10.00 level. Today's buying pattern suggests that it passes 8.00 tomorrow. Keep an eye and exit at the right time....