Hot Buy FAS at $ 71 !
It’s good buy at $71 and good opportunity to average out high cost too…. it has up side rise potential
I bought it at $71
As great investors say “buy when others sell in panic”
Archive for October, 2009
Cost Average Out Concept in Stocks- It works!!
You must have already read about “cost average out” or “dollar average” terminologies in the stock market. I followed the same thing, no one can time the Market. Here is my story:
I bought Tata Motors’s share last year (around Apr 2008 in NSE) at an average of Rs 625 per share. Market crashed in mid 2008, My Tata Motor’s share plunged to the range of Rs 150 to 180. I was so scared I was not even looking at my portfolio. Well somehow I figured to put some money into the same stock as company was exploring new opportunities like they got J&LR deal from Ford and the NANO car was on track to come in 2009 etc. So I average out the shares to Rs 474. Stock was trading in the range of Rs 200-220. My average cost of the share was not that great I was still in loss. 3 months back when I saw momentum in the stock and the recovery in global economy, bought more share of the same stock at cost price of Rs 293 and brought the average to Rs 373 per share.
If I would have been standing with original cost i.e. Rs 625, then I had to wait couple of more months. Its always better to be in the Market and float with it and make good moves whenever you gets a chance! Average Out works!
5 Best Performing stocks in last 5 days from BSE
Code Company Name Last Price % Change in last 5 Days
513349 Ajmera Realty & Infra India Limited 290.15 34%
533026 Chemcel BioTech Limited 12.51 27%
532946 Bang Overseas Limited 58.95 27%
532363 COMP-U-LEARN TECH 36.45 25%
532318 Gemini Communications Ltd. 32.7 23%
Stock to watch today in BSE: Punj Lloyd Limited (Code:532693)
Punj Lloyd Limited is currently trading at Rs 217.65 down by 16.47% from the previous day close of Rs 260.85. This can be a good buy if it goes further down to Rs. 180 and can be averaged out if goes further down to Rs. 150 level. The company is involved into infrastructure business which has a great potential in India from long term perspective.
It has a up side potential in next 3 months close to the next quarterly results.