Need your valuable advise for BIL

dsam · 1 Need your valuable advise for BIL Mon Sep 12, 2011 7:02 pm

dsam

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Presently I am holding BIL shares which I bought at Rs.6.00.tell me this is worthy to hold or sell it at loss.These I bought from broker's credit.Pls. advise me.

NimeshaJK · 2 Re: Need your valuable advise for BIL Mon Sep 12, 2011 7:15 pm

NimeshaJK

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BIL is a strong share with huge potential growth in shirt-medium term... Since you've bought on credit, I don't know what you should do. (advice is not to trade on credit unless you're 100% sure on the outcome)..

Cheers!!
Happy Trading!!

wallstreetguy · 3 Re: Need your valuable advise for BIL Mon Sep 12, 2011 9:06 pm

wallstreetguy

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Borrowing money at the casino is like gambling on steroids.

san1985 · 4 Re: Need your valuable advise for BIL Mon Sep 12, 2011 9:39 pm

san1985

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It may take some time to reach this level again...But talks were there that this is going to hit 10...

Not a BUY/SELL recommendation...

windi5 · 5 Re: Need your valuable advise for BIL Mon Sep 12, 2011 9:48 pm

windi5

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No doubt that Bil has a good future.Thing is that dsam has bought them on credit.Every day we see these type of stories revealed by our members. Its better seeking advices from experts before we buy shares,specially on credits and we should do our home work as well. I think you do online trading,sometimes online trading tempt us to chase after rallies. For beginners, online trading is like knife that has two sharp blades, have to be very careful when doing trading otherwise it would hurt us.

MY MONEY · 6 Re: Need your valuable advise for BIL Mon Sep 12, 2011 11:12 pm

MY MONEY

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san1985 wrote:It may take some time to reach this level again...But talks were there that this is going to hit 10...

Not a BUY/SELL recommendation...

i feel it will take around two weeks , i guess this thing because BIL waits till major banks to rise and then it will rally , what do you think guys

econ · 7 Re: Need your valuable advise for BIL Tue Sep 13, 2011 3:22 am

econ

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do not buy on credits if you do not have insider information. rumors are very dangerous.

arrowms · 8 Re: Need your valuable advise for BIL Tue Sep 13, 2011 9:35 am

arrowms

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if you can hold up to December you will get good return because of banking financial sector rally. But u ar on a loan, calculate your profit!!!!!

Angrybird · 9 Re: Need your valuable advise for BIL Tue Sep 13, 2011 12:39 pm

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windi5 wrote:No doubt that Bil has a good future.Thing is that dsam has bought them on credit.Every day we see these type of stories revealed by our members. Its better seeking advices from experts before we buy shares,specially on credits and we should do our home work as well. I think you do online trading,sometimes online trading tempt us to chase after rallies. For beginners, online trading is like knife that has two sharp blades, have to be very careful when doing trading otherwise it would hurt us.

For beginners, online trading is like knife 100% Agree with you

I recently stared online trading
bought RAL @7.70 and Sold for 7.00
bought FLCH @4.50 and Sold for 4.20 (Today)
Thing is when rally started (last trading qty going up speedy) mind get panic and put buy order thinking it will go up by further.....but after it starting to fall .. then again mind get panic and put sell order to minimize loss .......

yoyo · 10 Re: Need your valuable advise for BIL Tue Sep 13, 2011 3:29 pm

yoyo

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econ wrote:do not buy on credits if you do not have insider information. rumors are very dangerous.

Even if you have insider information, market may go in the other direction or act lately. In that case your shares may be force selled.

windi5 · 11 Re: Need your valuable advise for BIL Tue Sep 13, 2011 5:25 pm

windi5

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Angrybird wrote:

windi5 wrote:No doubt that Bil has a good future.Thing is that dsam has bought them on credit.Every day we see these type of stories revealed by our members. Its better seeking advices from experts before we buy shares,specially on credits and we should do our home work as well. I think you do online trading,sometimes online trading tempt us to chase after rallies. For beginners, online trading is like knife that has two sharp blades, have to be very careful when doing trading otherwise it would hurt us.

For beginners, online trading is like knife 100% Agree with you

I recently stared online trading
bought RAL @7.70 and Sold for 7.00
bought FLCH @4.50 and Sold for 4.20 (Today)
Thing is when rally started (last trading qty going up speedy) mind get panic and put buy order thinking it will go up by further.....but after it starting to fall .. then again mind get panic and put sell order to minimize loss .......

Select few good shares and follow up them few weeks, keep a record. Then you get a glimpse of bottom and resistant levels. buy when price come down, first buy a half of which you are planning to buy,its safe. if price come further down, can go for the other half, otherwise just keep it going and concentrate on another share in your pick list.
Luck also plays badly in the mkt. I have two good experiences.I bought LHCL few months back at 39 there after it went down as law as 35.I waited more than two months and sold when it reached 43 then again it came to 41 there after every one knows what happened to LHCL. Second one is STAF, i was following that share for couple of weeks, then bought at 46,it came down 44 in that very first day.I was planing to sell it around 55 but suddenly went up to 70, i sold at 65,withing couple of days a good capital gain. This is how luck played with me. But in both occasions,i think i selected two good shares at correct prices.

yoyo · 12 Re: Need your valuable advise for BIL Tue Sep 13, 2011 5:57 pm

yoyo

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thats true. I also entered ACME @24, but wrong time. It touched 23 several times during that period. But finally I sold it with a good profit during the last run after around 3-4 months time. If I entered around 20 I could have earned good short term profits too.