RICH why is it going down?

ShareShares · 26 Re: RICH why is it going down? Wed Apr 27, 2011 9:21 pm

ShareShares

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I the heading is changed to why it is going up RICH might go up, actually buying pressure is more.

chamith · 27 Re: RICH why is it going down? Wed Apr 27, 2011 11:08 pm

chamith

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yes, it was just some1 trying to sell his shares off early in the morning.

wallstreetguy · 28 Re: RICH why is it going down? Thu Apr 28, 2011 4:02 pm

wallstreetguy

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My broker said, RICH is a dull share. Its not moving much as expected it seems?

Is he right? or was it a misleading comment he gave me?

In a way how i understand the business, they seem to be good. Rubber profit and other diversified business.

milanka · 29 Re: RICH why is it going down? Thu Apr 28, 2011 9:41 pm

milanka

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wallstreetguy wrote:My broker said, RICH is a dull share. Its not moving much as expected it seems?

Is he right? or was it a misleading comment he gave me?

In a way how i understand the business, they seem to be good. Rubber profit and other diversified business.

Some brokers only look at the amount he gets from the trade. I do not know about your advisor.

RICH is a good share.Chairman Mr. Yaddihege comment about achieving Rs. 2.5 Billion as profit for the year .

We discussed this in this forum just after Last Qtr results. Pl. do a search. I do not have the link to that post.

wallstreetguy · 30 Re: RICH why is it going down? Thu Apr 28, 2011 10:09 pm

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milanka wrote:

wallstreetguy wrote:My broker said, RICH is a dull share. Its not moving much as expected it seems?

Is he right? or was it a misleading comment he gave me?

In a way how i understand the business, they seem to be good. Rubber profit and other diversified business.

Some brokers only look at the amount he gets from the trade. I do not know about your advisor.

RICH is a good share.Chairman Mr. Yaddihege comment about achieving Rs. 2.5 Billion as profit for the year .

We discussed this in this forum just after Last Qtr results. Pl. do a search. I do not have the link to that post.

Thanks. Appreciate it
yeah my instincts did say its a good share. i was being bullish today. I asked his opinion about RICH, his answer was, it doesnt move as expected. But I think as a long term investor, its a good share too. i did go thru their accounts. And when you buy shares, I believe you should think it as your own business and look at in every aspect.

chamith · 31 Re: RICH why is it going down? Thu Apr 28, 2011 10:15 pm

chamith

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I m sure you remember how RICH ran from 10 to 16 few months back.
I should mention that this is a blue chip company. In these volatile days we must buy strong shares like RICH. These shares dont go down much even if the market 200 pt down. I would say RICH is a safer investment than law cap counters. Mind that this is for investment but not for trading. For trading you need to find a more unstable share, which could go up or down drastically due to general market condition.

milanka

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Yes - WallStreet , You are refreshing my memory also , Your comment " I believe you should think it as your own business and look at in every aspect."

Heres a small note I found on the Web , ( Author manoj Balasuriya )

Is Trading a Business? Three Key Ingredients for a Successful Stock Trader
http://slmarketwatch.blogspot.com/2010/10/is-trading-business-three-key.html

I shall post this under Stock MArket Help.

Gaja · 33 Re: RICH why is it going down? Thu Apr 28, 2011 10:29 pm

Gaja

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When i read the article where chairman mentioned that they intended to achieve 2.5 billion profit for the year, i am in doubt, but with the results of the quarter ended 31.12.2010, i think they will be able to achieve it, with the expansion of retail arm, stock brokering, the facility obtained through NDB against the future sales all are looking good. They also declared an interim dividend as well, so still i keep the shares which i bought earlier

wallstreetguy · 34 Re: RICH why is it going down? Thu Apr 28, 2011 10:38 pm

wallstreetguy

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milanka wrote:Yes - WallStreet , You are refreshing my memory also , Your comment " I believe you should think it as your own business and look at in every aspect."

Heres a small note I found on the Web , ( Author manoj Balasuriya )

Is Trading a Business? Three Key Ingredients for a Successful Stock Trader
http://slmarketwatch.blogspot.com/2010/10/is-trading-business-three-key.html

I shall post this under Stock MArket Help.

Brilliant Post. Thanks alot