UCO Bank - Long Term Buy Status

I am really happy to say that UCO bank that was recommended on October18th[Price:114] has almost touched 140 Rs.

Assuming that one has invested @ 114 with an amount of 45600[400 shares]

Todays market rate is : 140Rs.
Invested Price - Current Price = 26Rs
Total Profit : 26Rs x 400Shares = 10400Rs
%Return = 22%

Still half more way to reach 200 :-)

Avon Corporation

Hi Friends, after big celebration time its good to be back into money. Recently i bought this penny stock - Avon Corporation Ltd[BSE:532995] its listed only at BSE. This company deals with weighing scales for industries like jewellery, pharma, retail segments, consumer scales, fitness industries, hospitals, hotels, government institutions, and heavy industries. The demand for its products has increased to such an extinct that the Company plans to expand its production capacity by setting up a new plant in Baddi, Himachal Pradesh itself :-)

I bought myself 190 shares @ 5 and within a week it started moving up so bought yet another 400 shares to test my luck and averaged the 590 shares price at 7.40 and now currently its at 9.31

My investment is : 590 shares @ 7.40 = 4366
Current Market Price is : 590 shares @ 9.31 = 5492
Profit is = 1126

If you look at the returns, the percentage is 25 percent and that too within two weeks. Should i exit now or should i hold it for more returns ???

Only time and market could answer this :-)

Its game time

Earlier in one of my posts i have spoken about buying and selling stocks virtually, that is by maintaining a portfolio and cross checking how good you are in stock market. Though they is no wrong in following that method it would be a little bit boring to do all the paperwork yourself. I have been hearing from lot of websites that there are online virtual games which replicate stock market. One among them is provided by my favourite site
MoneyControl

The game is named as Moneybhai Investor, you will be given a virtual cash of 25,00,000 and you can trade only during market timings. You have some basic rules that you can check it on the site, its a pretty basic stuff and anyone can play it just by registering themselves. The link is given below :
Moneybhai

Learn as you Play :-)

Diwali Wishes

Wishing you all Happy Diwali, may this celebration bring more and more happiness and wealth into life.

Penny Stocks

In stock market there are stocks which trade for 70k and there are stocks which trade for 70 paise :-)

Welcome to the world of Penny Stocks also very well known as micro cap. These stocks are mostly priced between 1 and 5 Rupees.

So what is the benefits of Penny Stocks ? Its damn cheap, you have thousand rupees with which you can buy thousand shares. If that one rupee stock moves up to 30 or 40 rs. you get 40,000. These calculations sound really sweet, wow 40 thousand, is it possible ? Yes it is possible. The greedy mind in all of us says "Why just buy 1000 shares? Buy more of it ;-) " Yes you could do that but hold that thought right there, what about the important factor known as "Risk". Yes the more the profitability the higher the risk.

Has anyone been profited ? Yes as usual a reference in history; below is the content i read in Wikipedia.

"Sir John Marks Templeton was an investor and mutual fund pioneer.He is noted for buying 100 shares of each company for less than $1 ($16 in current dollar terms) a share in 1939 and making many times the money back in a 4 year period."
- http://en.wikipedia.org/wiki/John_Templeton

Some may say that this is kind of lottery game/ gambling/ ... fill whatever it is. Even in these penny stocks one could do some fundamental analysis and buy those.

Some would like to know some penny stocks that are being traded currently in the market. Check the below link:
http://nse2rich.com/biggest-list-bse-indian-penny-stocks-between-rs-1-and-rs-5-on-24-02-2010/

After all whats the big deal is betting 1000 bucks in ten shares and wait for 5 years ??? I leave that decision to you, its your hard earned money so you know what to do with it.

Biggest Mistake

Do you know what is the biggest mistake that people do in share market ? Buying a share based on a tip
I have often wondered why majority of the people make heavy loss ? these people want to become rich quick, very quick and end up in big loss.
Some ABC person says stock XYZ is going to go up the next day our intelligent ABC buys that XYZ stock. Even i am posting tips in this blog, these tips should not be taken as they are presented, you can do a little analysis on that and then make your bet. No one can predict whats tomorrow and that holds true for stock market too.

Buy Andhra Bank

Buy Andhra Bank at current levels to expect 5 to 10 percent returns in short term.

Long term buyers can wait a little for the market to get corrected and then accumulate.