I am picking the most discussed shares in this forum.. Like I mentioned before you are a bunch of traders who go behind speculative counters... So I believe positive news on speculative ones will make your eyes pop-out...
HVA march quarter turnaround news came in as a surprise... But the rumor was flying around the brokers that this is going to be a turnaround quarter... People got in on the rumor but got out soon when the news came in.... Well its acceptable to the saying buy on the rumor sell on the news... but this time we laughed at some of our fellow brokers restlessness when they rushed to sell around 8.50 back in May...
HVA gave us a superb opportunity when it fell to 5-4.50... Unfortunately there was not much quantities to get in to at those levels...
The costs are bit higher than 6 rupees a share and our target was to sell it around 2013 Sep prices because if i am correct that was the last quarter that HVA made profits... That deal was pretty simple... If the company is making profits at a rate it used to do the share should be sold at that price nothing higher nothing lower...
If you check 2013 September prices the share pushed up from 8 to mere 12 rupees a share... You see it is pretty simple the share should be sold above 12...
But unfortunately with CGT nonsense and other adverse factors HVA fell down along with ASI...
Technically 9 was a sell but how could we sell if we know we could sell above 12?
Our holdings are safe with us... And the rumor is that HVA made profits in JUNE quarter... Two consecutive profited quarters... Then our expectation is HVA to become a profit making entity...
Then it should be traded above 15....
PLEASE NOTE - 16-18 is our target price but I recommend you sell when you are satisfied wth your gains... Dont be greedy sell at the correct time.. If you are and trying to sell at the highest price, chances of losing can be higher....
Like I mentioned before, when HVA runs, everyone will try to hop in maing it reach new heights... This is from my experience thorughout the trading pattern of HVA... even the run from 6-9 was made easy be cause of these jumpers... If you jump at the right price you will be a winner...