Lost-all-hope Stocks - Need Strong Advice

Am in a dilemma about what to do with the following stocks:

Cranes Software @ 5/-
3IInfotech @ 7/-
Autoline @ 139/-
TTML @ 30/-
Jindal Stainless @ 68/-

Guess I am an expert at picking them out!!! Except 3IInfotech, I am stuck with the rest since 7-11 years.

All advice will be gratefully welcomed. Thanks.

 

Thanks Meenakshi. You've hit the nail on the head. I've paid my 'tution fees' to the fullest and some more.... I am already following the steps you've mentioned in your last three para's and am quite satisfied.

But what should I do about the duds that I hold? Book a one time huge loss and switch to some fundamentally good scrip or just leave the duds be?

Thanks again.

 

Never judge any stock at the price you have purchased.That is past.Current price is present .You forget the price paid.You judge your investment at current price and does the concerned company has good future ,you can can remain invested .Generally such duds don't have future ,book loss and forget.In future invest in qualty growth business of qualty managements.Always keep watch on performance of compnies you have invested.If price goes down but performance of business is up or only some temporary set back in business,keep the stock.If performace of business goes down and there is no certain possibility of reversal,come out of stock.Ride the winners,leave the losers to experts.Never follow experts in useless fundamentally weak companies and businesses.

 

what makes someone pick stock like cranes soft, 3ii infotech, ttml? if picked are you tracking them daily when their price go down if not then stock investing is not you should go for.

 

Mr. Narayan, am I the only one who's made mistakes? Even ICICI, Mr. RJ and I am sure many more experts are as guilty as me as they had also invested heavily into one or other of these same scrips at one time. You may be capable of timing the market, I am not. If I was, I wouldn't be seeking advise on this board. But your expert advice will be highly appreciated. Thanks.

 

dear raaz, what was your thesis behind investing in these stocks ? I think uppu ji is correct ..if you are trader keep a stop loss or else invest in fundamentally good companies, its your money ...and nobody will feel sorry for you

 

The moot point now is not the logic, thesis or reason, but what to do now....sell or hang on?

 

Just sell without any second though without seeking any further advice ,it will be better if after that U never discuss thisThese are duds so
don't deserve your investment and others time.

 

Thanks, Kharb.

 

I also think just sell it ....now after this correction, u will get many fundamentally gd stock in good price....shift to those stocks

 

Ok. Thanks Rahul. Can you suggest some scrips? I can only invest upto 3.5-4 lacs at the moment. Thanks again.

 

Go for Pharma stocks. Try JB Chem. Good dividend and growth. Huge cash on books. SAFE STOCKS FOR CAPITAL & GROWTH.

Report of Buy JB Chemical & Pharmaceuticals Ltd For Target Rs.320 - Reliance Securities Ltd

JB Chemical (JBCPL) bucked the stockmarket carnage on Friday and rose ~4% with high volumes. At a time when most large-cap pharma companies are trading at premium valuations, JBCPL is trading at 12x FY17E EPS. It has a huge cash pile and is virtually debt free. In order to tap the potential opportunities, JBCPL has undertaken an expansion program at its facilities. It has guided for a capex of Rs1.4bn for a new facility over the next 12-18 months. The capex will be met through internal accruals. With outstanding cash balance of Rs5bn, which forms ~44% of the capital deployed, we expect a significant improvement in its return ratios. With India and US as key focus geographies, we expect sales CAGR of 15% and APAT CAGR of 18% over FY15-17E with steady improvement in margins. Given the attractive valuations, we recommend BUY on the stock with a Target Price of Rs320.

 

@Raaz We all make mistakes and would probably continue making the mistakes. It is human nature and really won't go away. I suggest you sell all these and move on to better companies. Atleast by selling them you wouldn't have to see them daily in your portfolio and think about the losses that you have made. Trust me it makes a difference by not thinking about it everytime you see the portfolio. Regarding the companies that you want to invest, if you have a longer term horizon I suggest you buy good strong quality large caps. The thing with these large caps is that they don't rarely go that down and probably most of them would have a good dividend stream. So take advantage of this fall and buy some good largecaps. You can pick some strong quality midcaps too but chose just between these two. Happy Investing

 

Thanks A lot, Srouta & Stockguru....Am gonna follow your advise of booking a loss once and for all and moving on, but will wait for the market to stabilise a bit to re-enter since its so volatile at the moment. Thanks again.

 

Dont look at the market. Look at your stock price that you intend to buy. Look only at that. If you think you are getting a bargain price then buy it. It is impossible to time the market.

 

You must exit gracefully out of these stocks and start rebuilding your portfolio. You have learned the lesson The Hard Way. Don't ever quit equities.

 

Thanks SG & MW4ME, am gonna do just that, no more procrastination....and, quitting was never on my mind. So, please keep your good advises coming, lay people like me need it....Thanks.

 

In my view 3iInfotech is in a long term bearish phase ...range is Rs.2 - Rs.6.5 better exit some portion at 5-6.5 levels and invest in a better company which is in a top 100 companies in India above 3 there is chance to movie 2 - 3 rupees ...

in my view your portfolio is very weak ...better chance to strong companies in top 100 in india