PCH.N000 What can I do now?

Experts,

I have 75,000 shares of bloody PCH.N000 which I bought last year mindlessly. What can I do now - sell or hold?

Whats the average price?

bought on credit or for cash?

zy wrote:Experts,

I have 75,000 shares of bloody PCH.N000 which I bought last year mindlessly. What can I do now - sell or hold?

http://forum.srilankaequity.com/t36631-pchpcp-interim-financial-statements-out#220167

I bought for cash and the average price is 2.2
What should I do now? Sell or Hold? Please advise

may i know why it was purchased @2.2

Only manipulation will take this share to these rates. Even not sure that manipulaters can push this up to Rs2.

Its all about Luck.

SHARK wrote:may i know why it was purchased @2.2

I was new to market and advised by some people to buy that crap

Dear ZY

Sorry to hear about this PCH crap 2.20*75000=165000
Now its worth 75000*.30c=22500
Net Loss =142500+Charges

To be very clear there wasnt a trade to be entered @2.2 your stop loss anyhow should have been 1.9 if you were looking for a speculative run ....

but you waited because your exit plan was never there only entry plan was there that too without a valid technical signal.

anyhow you are holding now only on HOPE it might run, you have to decide when to exit and what to do with the stock.

Human mind is a funny thing, so you take the decision your mind says and forget about once the decision is made .

Never regret for the loss.

Move on you can recover what you lost next time if you learn the lesson .

Good luck
Shark

since you expect a direct answer. This is how I see...

If you sell now you need to sell at Rs0.3. So you will get only Rs 22500 - fees.
You lost a lot already. Worst is you will lose another 22500. Can you afford to

On the other hand, chances of manipulation and price up is still there. No one can tell . But going to Rs 2 as marketR said need something special.
So depending on your situation if you can hold you maybe able to reduce losses.

දැන් ඉතින් මක් කරන්නෙයි ...  
pch  දැන් bottom එකටම  වැටිලා තියෙන්නේ, තව ඔකේ වැටෙන්න දෙයක් නෑ නෙව.. 80% වඩා loss  කරගෙන bottom  එකෙදී විකුනන්නේ මොකටද ? ඕක ඔය තිබ්බා  වගේ තියෙන්න ඇරෙල  ඉතුරු සල්ලි ටික ප්‍රවේසමෙන් හොද කොම්පැනි ටිකක ආයෝජනය කරන්න.  
2 ට අරගෙන සත 20 ට විකුණලා, ඉතුරු වෙන සත 20න්  මක් කරන්නද.. සමහර විට එන අවුරුද්දෙවත් ඕක කව්රුහරි manipulate  කොරල හරි, offer එකක් දීල හරි ආපහු  නැග්ගොත් හෙම...

Super NC , I have it from 2011 , was at Rs 18

OMG

This company has not issued their financial to CSE from Q4 - 2013, can they do it ?

NC wrote:දැන් ඉතින් මක් කරන්නෙයි ...  
pch  දැන් bottom එකටම  වැටිලා තියෙන්නේ, තව ඔකේ වැටෙන්න දෙයක් නෑ නෙව.. 80% වඩා loss  කරගෙන bottom  එකෙදී විකුනන්නේ මොකටද ? ඕක ඔය තිබ්බා  වගේ තියෙන්න ඇරෙල  ඉතුරු සල්ලි ටික ප්‍රවේසමෙන් හොද කොම්පැනි ටිකක ආයෝජනය කරන්න.  
2 ට අරගෙන සත 20 ට විකුණලා, ඉතුරු වෙන සත 20න්  මක් කරන්නද.. සමහර විට එන අවුරුද්දෙවත් ඕක කව්රුහරි manipulate  කොරල හරි, offer එකක් දීල හරි ආපහු  නැග්ගොත් හෙම...

since you have lost around Rs 140, 000/= according to valuation , whats the point of selling to get Rs 22500/= ?
Since you hold it for long , ignore it n let it be like that.
Think it ddnt exist.
As NC said , someone will manipulate or by acquiring ( speculations ) something might can happen.

Forget for now , plan your investing in future .
Good luck !

I did a sensitivity test for loss.. This goes not for stock analysis but for management of stocks.

The horizonal axsis is Price level (for this I took pch price levels "ZY" entered)
The blue line shows the rate of change of loss accumulation.
The dark green line shows the balance of your account.
The light green line shows the percentage loss (linear)

So, I think;
- the most effective risk/stoploss is (STP) 10% - bcz it's the highest rate of change of loss. ( Even, I don't like to take more than 10% risk of capital invested). So you need to find an entry which risk less than 10% for most effective. (I don't know whether the word " effective" is appropriate for this, it doesn't matter if you understand the logic behind this)

- Then. the maximum rational STP is 20% (That's 1.8 price level of pch if you bought at 2.2). (look at the graph)
- And then next rate of change is between price level of 1.8-1.1 means 20% loss to 50% loss. Still you could do something. (I cannot give exact definition for something, it depends on the situation)

- And beyond 50% loss, exit is irrational, bcz the rate of change of loss accumulation goes beyond 10%, and closer to 0% rate of change.

- So, in conclusion, the most rational risk level is 0%-20%. And don't risk more than 20% of your capital. It's irrational. So, before you enter, clearly identify your STPs.

Thanks NC for bringing it up on a graphical representation

Market R wrote:Only manipulation will take this share to these rates. Even not sure that manipulaters can push this up to Rs2.

Its all about Luck.

Maxa comment

Theories hardly do wonders in this kind of market but luck and chance could wonders and wonders in this market

interim financial report for the quarter ended 31/30/2014 is just released. loss per share is exceeds price of  share. seems no hope other than manipulations.

SHARK wrote:Dear ZY

Sorry to hear about this PCH crap 2.20*75000=165000
Now its worth 75000*.30c=22500
Net Loss =142500+Charges

To be very clear there wasnt a trade to be entered @2.2 your stop loss anyhow should have been 1.9 if you were looking for a speculative run ....

but you waited because your exit plan was never there only entry plan was there that too without a valid technical signal.

anyhow you are holding now only on HOPE it might run, you have to decide when to exit and what to do with the stock.

Human mind is a funny thing, so you take the decision your mind says and forget about once the decision is made .

Never regret for the loss.

Move on you can recover what you lost next time if you learn the lesson .

Good luck
Shark

Well said Shark.... thanks to your advises and information in the forum we manage to play safe in the market.

Thanks Vichy,

After PCP PCHH (Mandatory Drama) by AINV and latest OGL drama i have resisted trading Gulla, Doc S Partners Company shares.

There seem to be something fishy thing going on (I pointed the time lines of share pump up of OGL and possible demand letters by a former employee of OGL), so when i am suspicious i do not indulge in their shares.

OGL is another counter trading @ high multiples, so be careful.

Good Luck & Happy Trading

S

If u want to believe then believe me.I'm holding PCh @ 25 /- 2000 Shares. Loss 49600 +. Its a Mistake.Cannot rectify. I was Out of Market for 2 years.This was what happen.

aiyosalli wrote:If u want to believe then believe me.I'm holding PCh @ 25 /- 2000 Shares. Loss 49600 +. Its a Mistake.Cannot rectify. I was Out of Market for 2 years.This was what happen.

I am glad only risk for you was closer to 50K rupees.

Those Directors should be brought to GalleFace Grounds and shot them for misusing public money.