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nseking  
Joined on : 1st-Feb-2008
Belongs to :  Silver
Posted : 191 messages
Hits : 35
I am not an expert.
I am just a hobbyist.
And I am here to learn and share.


My mantra:


You don't need to be 100 % percent right!

You just need to be more than 50% Right to make a profit!


You cannot time the market, and you don't have a enter at 1 and exit at 10. 1 being Bottom and 10 being peak.

Try to enter at 3-4 and exit at 7-8.

Don't think of making 100% profit



Technicals are usually more right than wrong.





I believe in Technical Charts, because most of the Movers and Shakers (all of them) follow it, and when they think a point triggers a Buy Call, all of them buys and the stock goes up and the reverse is also true.



It is not that Technicals are always correct, but because Many People Think Technicals are correct. When so many thinks that a stock will climb from one point onwards, it should climb, more than 50% times.


Only remember that there are also many people out there who don't believe in technicals as well, otherwise there would be only buyers or sellers at any given point of time :)


For trading purpose, I also read momentary trends of Increase or decrease in Total Buy and Sell quantity of a stock. Not the exact quantity but the rate at which the quantities increase or decrease.
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05 Sep 2008 14:39
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But you see 29030 years is a lot longer than the life cycle of many Industries and companies, so we have ample time to make money off this mega refinery.

And trust me, the shift from oil to alternative energy will not be a sudden one. And you will have plenty time to switch your portfolio to green companies then... for now make hay while the sun shines...
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28 Aug 2008 12:08
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And yes, its been a very choppy week all market wide.....
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28 Aug 2008 12:07
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And today it has gained yesterdays losses. Luckily I switched some at day end quickly from CIPLA and it is up by 5% today.

My Average price was at 140, so 133 was attractive an entry price, and I bought some more yesterday.

I have good faith in company, and one Kuselan cannot break a company.
Today there was news that they are buying another theatre chain (Reel or something) in the UK..

Which only shows one thing. PSTL is aggresive, and is extremely confident.

And their main business is exhibition.. so don't worry too much about production.. Production is a risky business and every company in the production business have a good risk mitigation plan.

I don't plan to stay invested till 500 bucks, but I see 250 soon. If you are worried about daily weekly moves, forget about investing....
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