Oh God save me - I am going to get a heart attack

GoodPick

GoodPick

Senior Equity Analytic

Posts : 57
Join date : 2011-04-20

Oh !!!!

it's another bad day, the loss is now 750K.

Can't hold my breath any more ...............

rijayasooriya

rijayasooriya

Senior Vice President - Equity Analytics

Posts : 1827
Join date : 2011-05-25

GoodPick wrote:Oh !!!!

it's another bad day, the loss is now 750K.

Can't hold my breath any more ...............

U have another 5 months for December brother. So do not get panic.
U are not on Credit. So u can hold.
In our market even a begger can become a millionaire with in few weeks.
Do not lose ur hope.
Most of us are on massive losses.
Human life, loving father to a child is much more worth than money or a house.
Please do not do any irreversible actions.

lokuayya

lokuayya

Senior Manager - Equity Analytics

Posts : 307
Join date : 2011-07-06

Goodpick,
It is distressing.But market will recover ,then you can reduce losses.
if we try juggle with other shares sometimes we may further add losses.
I think if we tightly hold on to what we have ,may be a within a year or two you may get a profit .
Many people can absorb this loss because they had good profits in 2010.

prabuddaka

prabuddaka

Equity Analytic

Posts : 42
Join date : 2011-06-10

who was your adviser that told you to buy BFL at 420/-. Net asset per share of BFL as at 31.03.2011 is 75/-. Compare market price with NAPS next time. You may have to hold them at least 5years to recover your investment except some shares. Some times you may sell these shares at this loss and buy one good undervalued high liquid share to recover total loss and get good return.
I did it. I lost half of my money last year but because of credit problem and got BLUE at 3.50. and sold it 7.50 by recovering total loss. But it is very risky. Get advises from our forum members.

Last edited by prabuddaka on Tue Jul 12, 2011 9:13 pm; edited 1 time in total

ShareShares

ShareShares

Assistant Vice President - Equity Analytics

Posts : 679
Join date : 2011-02-02

RichDad wrote:GoodPick, buddy just have a look at this

ASI behavior in the last year.

Focus on the Nov 2010 to mid Dec period. Now look at the mid Aug 2010 to Oct period. This is a cyclical phenomenon. Market is going through a correction period at the moment. Do you see the behaviour from mid Dec 2010 to March 2011? So that's how it works. You and I can't change it. The trend is determined by a lot of macro factors way beyond our control.

Only prob is you have entered in the wrong point my friend. Ideally you should be collecting at the bottoms while dumping at the peaks. I'm sure next time you'll do it and profit. This time you better hold your shares till the market gets back to the uptrend. Be extra patient. I'm sure your December plans won't get spoiled. We are with you...!

Spot on Chief!

ASI and MPI might pick up again like in JAN FEB March according to this chart. Superb if it picks up like in July august September 2010. at least some sort of movement can be expected.

micky

micky

Manager - Equity Analytics

Posts : 230
Equity Stars : 5328
Reputation : 18
Join date : 2011-02-04

Dear GoodPick,

first of all sad to hear ur story,

1. no use of blaming anyone now.
2. Luck u hv invested ur own money(hope u hv holding power)
3. lucky u hv a nice fimily- billions worth
4. think about opprtunity cost
5. do some adjustments(not too much) if u really want some money at this moment sell DIAL
6. i think averaging or selling with loss not a good idea.
7. pls do not follow mysterious things(religious, horoscope or what ever) coz people tend follow mysterious when they r mentally down

i think most of the people in this forum suffering from losses. I am one of them. may be someone loss bigger than u.

hope u wil hv a good time ahead

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Oh God save me - I am going to get a heart attack

26 Re: Oh God save me - I am going to get a heart attack Tue Jul 12, 2011 8:38 pm

GoodPick

27 Re: Oh God save me - I am going to get a heart attack Tue Jul 12, 2011 8:59 pm

rijayasooriya

28 Re: Oh God save me - I am going to get a heart attack Tue Jul 12, 2011 9:08 pm

lokuayya

29 Re: Oh God save me - I am going to get a heart attack Tue Jul 12, 2011 9:12 pm

prabuddaka

30 Re: Oh God save me - I am going to get a heart attack Tue Jul 12, 2011 9:12 pm

ShareShares

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micky

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