Share I'm holding

mzzahran · 1 Share I'm holding Thu Mar 08, 2012 11:56 pm

mzzahran

Stock Analytic

Posts : 18
Equity Stars : 4690
Reputation : 0
Join date : 2011-07-22

hi expertise
please help me, my broker had bought below shares 6 month ago. i'm still holding on it paying interest,please advice me whether i should get rid of it and wait till market goes up, if i sell all these share i will be loosing around 400,000 please advice

1.BRWN bought @ 246 now trading @ 156
2. CARS bought @ 585 now trading @ 462
3. CSD bought @ 13.25 now trading @ 8.20
4.CLND bought @ 60.40 now trading @ 40.60
5.HOPL bought @ 39.25 now trading @ 25.40
6.PCH bought @ 13.47 now trading @ 9.90
7.SUGA bought @ 24.10 now no trading
8.KAPI bought @ 37.80 now trading @ 26

per month i pay closer to 20,000 interest if i don't sell these.
please help me to get a decision

UKboy · 2 Re: Share I'm holding Fri Mar 09, 2012 1:30 am

UKboy

Senior Vice President - Equity Analytics

Posts : 1943
Equity Stars : 7326
Reputation : 391
Join date : 2011-02-08
Location : Earth

mzzahran wrote:~~hi expertise~~

Hello mzzahran,

1st of all I feel sorry for you but it doesnt make any sense when I see your PF.
This is just my personnel thoughts & what I would do if I was in your situation.

If you are telling the truth and if the given figures are true, ...... I think you should sell all the shares at a loss. At least then you stop losing any more money (due to interest chargers).

I start selling from HOPL and end with CARS. (except SUGA)

smallville · 3 Re: Share I'm holding Fri Mar 09, 2012 6:10 am

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10096
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

If you're paying 20K per month as interest I guess you could figure out what to sell and settle the balance...

There's no need of paying interest and keeping shares to see a brigher day, just get rid ot your interest portion by selling off some shares completely or as appropriately...

I particulary dont see SUGA, PCH, CLND, HOPL as investment options.. HOPL is a good plantation share but since they decided to drag the wage payment till this year, their profitability may drop..

traderathome · 4 Re: Share I'm holding Fri Mar 09, 2012 6:45 am

traderathome

Senior Vice President - Equity Analytics

Posts : 2485
Equity Stars : 7181
Reputation : 133
Join date : 2012-02-26
Age : 50
Location : Abu Dhabi

mzzahran wrote:hi expertise
please help me, my broker had bought below shares 6 month ago. i'm still holding on it paying interest,please advice me whether i should get rid of it and wait till market goes up, if i sell all these share i will be loosing around 400,000 please advice

1.BRWN bought @ 246 now trading @ 156
2. CARS bought @ 585 now trading @ 462
3. CSD bought @ 13.25 now trading @ 8.20
4.CLND bought @ 60.40 now trading @ 40.60
5.HOPL bought @ 39.25 now trading @ 25.40
6.PCH bought @ 13.47 now trading @ 9.90
7.SUGA bought @ 24.10 now no trading
8.KAPI bought @ 37.80 now trading @ 26

per month i pay closer to 20,000 interest if i don't sell these.
please help me to get a decision

brother, This is my friendly advise,sell all at a loss and come with your own personal money which you can afford to loose and still you will be comfortable with it mentally.The Golden Rule in trading you have breached. Trading is not for you. You should be in Ballegio/MGM or perhaps in Las Vegas trying you luck with that money in the 1st place. Twisted Evil

Back to serious talk.
What you thought when purchasing all that stocks you mentioned.You hoped your investment will grow three-fold in couple of months. Shocked

I dont know your total investment and i assume its 1 million.you should invest per stock trade around 2%. Smile

Do not use your margin provided by the broker or any other provider for trading.some traders do it with highly successfully.but its not for us.margin kills and also money borrowed at interest. Mad

You have only onething.- settle the money lender or magin provider immediately his full amount.start investing your excess money which you have kept after setting aside all that for studies,living,house rent,etc. Cool

visit the forum daily and seek advise from senior traders who have been here,there are TA and FA in this forum.ask questions.check CSE website for financials etc then purchase. Very Happy

illuminati · 5 Re: Share I'm holding Fri Mar 09, 2012 8:03 am

illuminati

Senior Manager - Equity Analytics

Posts : 336
Equity Stars : 4926
Reputation : 12
Join date : 2011-12-05

The same experts who advised members to hold their portfolios sometime back are now are advising them to sell after they have lost a further 20%. Why ? what has happened to the massive bull runs predicted. Have they vanished ? God help these souls who are still struggling in the Colombo SCAM Exchange.

yellow knife · 6 Re: Share I'm holding Fri Mar 09, 2012 8:43 am

yellow knife

Senior Manager - Equity Analytics

Posts : 436
Equity Stars : 6058
Reputation : 21
Join date : 2011-10-07

Traderathome...you have given the best advice...

In investments you should have 3 Es
1. Education...learn continuously , throughout with fundamentals and technical and that's life long learning... And also remember warren buffet said " If calculus is needed in stock trading I should have been selling papers "

2. Experience...that's what you are getting now...Rs. 20,000 tuition fee per month..My dear that's too expensive..Some have Paid even higher...Healthy food is available in " Matara Bath Kade ", but we love to eat Mac Donald's...high fat, high calory...One day you will give up fatty foods...better at a younger age...so you will live long...

3. Excess cash....Invest with your excess cash...Not with your cash for survival needs...then reinvest all capital gains, dividend..etc...You will get amazed by the power of compound interest

Direct answer, settle your loans or sell..start up again...You will surprise to see the figures turning other side...

raa · 7 Re: Share I'm holding Fri Mar 09, 2012 9:36 am

raa

Manager - Equity Analytics

Posts : 246
Equity Stars : 5055
Reputation : 23
Join date : 2011-03-22

Your priority should be to get out of broker credit. We don't know when the market may turn positive, it looked like that a little while ago and then new ATS system came in so now uncertain again.

Market prospects are only good long term..so no point incurring interest until then. BRWN and CARS are illiquid so if you must offload them, try and wait for a green day. BRWN has bottomed out above LKR 140-150 so selling that now is bad. It recently ran to LKR 210 and came back down.. you should wait for a similar green movement and minimize your loss. If you can hold BRWN, then it is a dividend paying share (not a lot).

I don't know alot about CARS but it is illiquid and will have a few green days where you can exit and minimize loss.

CSD seems to have bottomed out at 8 so don't sell at this price. Wait for a green day as well.

CLND is a retail heavy stock so it has a decent spread. It is coming down now, but will have another small run every once in a while.

I see little prospects or interest for HOPL due to their fundamental wage hike issue, so dumping that share could be an option.

PCH has moved up slowly, and selling that should give you the smallest loss. There seems to be some buying up so don't know if someone is trying to take the price up..ask around before you sell.

I don't know about KAPI.

Hope this helps

Roboticfx · 8 Re: Share I'm holding Fri Mar 09, 2012 9:44 am

Roboticfx

Senior Vice President - Equity Analytics

Posts : 1858
Equity Stars : 7901
Reputation : 131
Join date : 2011-07-16
Location : 5° 55'N - 9° 55' N and 79° 42'E - 81° 52E'.

My opinion is also "sell".

@illuminati,

Please look at the market with full opened eyes.

kaz4max · 9 Re: Share I'm holding Fri Mar 09, 2012 10:29 am

kaz4max

Stock Analytic

Posts : 15
Equity Stars : 4820
Reputation : 1
Join date : 2011-03-14

I assume this is ur direct credit with d broker! and credit is around 700K-750K

1. Have u permitted your broker to purchase stocks FOR u? - If yes, u have to pay the interest, if No, you should complaint and stop the interest potion. (U'r liable for the capital potion) - Then hold the stocks.

2. You could obtain a FIX rate loan from a bank @ a lower interest rate & refinance your debt's.

3. Uplift any other deposits if you have, but keep in mind, not to uplift all, u should @ least keep trice of your salary as a secured/liquid investment for a rainy day.

4. LAST OPTION - Sell with d above loss and for the moment chase TMD's if you r left with any cash, since rates are going up, you could minimize your loss after couple of years! Then as one of the above attractive posts say, invest your Excess cash

Roboticfx · 10 Re: Share I'm holding Fri Mar 09, 2012 11:26 am

Roboticfx

Senior Vice President - Equity Analytics

Posts : 1858
Equity Stars : 7901
Reputation : 131
Join date : 2011-07-16
Location : 5° 55'N - 9° 55' N and 79° 42'E - 81° 52E'.

kaz4max wrote:I assume this is ur direct credit with d broker! and credit is around 700K-750K

1. Have u permitted your broker to purchase stocks FOR u? - If yes, u have to pay the interest, if No, you should complaint and stop the interest potion. (U'r liable for the capital potion) - Then hold the stocks.

2. You could obtain a FIX rate loan from a bank @ a lower interest rate & refinance your debt's.

3. Uplift any other deposits if you have, but keep in mind, not to uplift all, u should @ least keep trice of your salary as a secured/liquid investment for a rainy day.

4. LAST OPTION - Sell with d above loss and for the moment chase TMD's if you r left with any cash, since rates are going up, you could minimize your loss after couple of years! Then as one of the above attractive posts say, invest your Excess cash

Hats off to you! perfect! cheers

ruc · 11 Re: Share I'm holding Fri Mar 09, 2012 12:12 pm

ruc

Equity Analytic

Posts : 25
Equity Stars : 4596
Reputation : 0
Join date : 2011-11-02

Thanx for the advises from all of you..we learned lot from you....anyway feel sorry abt mzzahran

UKboy · 12 Re: Share I'm holding Fri Mar 09, 2012 12:47 pm