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Showing posts from September 17, 2006

THOUGHT OF THE DAY

Buy that which is showing strenth - sell that is showing weakness. The Public continues to buy when prices have fallen. The professional buys because prices have rallied. This difference may not sound logical, but buying strength works. The rule of survival is not to "buy low, sell high", but to "buy higher and sell higher". Furthermore, when comparing varius stocks within a group, buy only the strongest and sell the weakest. When putting a trade, enter it as if it has the potential to be the biggest trade of the year. Don't enter a trade until it has been well thought out, a campaign has been devised for adding to the trade, and contingency plans set for exiting the trade. Be patient. If a trade is missed, wait for a correction to occur before putting the trade on. Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected. Be patient. The old adage that "you never go broke taking a proft"
AARTIIND - Above 36 Targets 44, 53-60 ASIANELEC - Break & Close above 535, Targets 580, 636 CEAT - Above 115 Targets 126, 157 CENTURYTEX - Above 505 Target 550-570 EDUCOMP - Above 535 Target 568 EKC - Breakout 469 Target 515 , 670 GUJALKALI - Above 195 Target 215-220 GUJAMBCEM - Break & Close 118 Target 128-132 KRBL - Above 137 Target 162 , 185 NDTV - Above 225 Target 238-245 PUNJLLOYD - Above 816 Targets 912, 970 SATYAMCOMP - Above 832 Target 855, 887 SUNILHITEC - Above 112 Target 130-140 SUNPHARMA - Break & Close above 950 Target 1040, 1240 TAJGVK - Above 235 Target 270 UTTAMSTL - Above 34 Target 39-40 VAKRANSOFT - Break & Close above 195 Targets 220, 260 ZEETELE - Above 307 Targets 338, 390-426